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The Share Economy at Work
The U.S. economy has lost millions of jobs over the past year. And in order to avoid further layoffs, many organizations are asking employees to make painful sacrifices - wage cuts, fewer benefits, and unpaid leave. We'll explore this in a segment scheduled to air on the NewsHour Friday about the "share" economy.
At Boston's Beth Israel Deaconess Medical Center, more than 400 positions have been saved thanks to executives taking lower salaries and employees offering donations. The hospital's CEO, Paul Levy, recently told spoke with me about how he and his staff worked together to save as many jobs as possible. Watch the interview here in this Web extra.
-- Posted April 3, 2009 | Comments (4) | Permalink
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I'm just finished watching this peace on The Share Economy at Work, and was very moved by this man Levy's ethics and compassion for the struggling worker. Sad to say if this was suggested in Corporate America, it would seem anathema to the Board of Directors, to actually give back out of their very large pockets. The argument is "you don't want to lose your top "talent". Taking from those who have to keep solvency & yet justifying to keep the business profitable almost seems starkly opposed to each other. Bravo Mr. Levy
Are "we" really supposed to sacrifice as the elite confiscate our collective wealth and deflate the economy in search of their definition of "sustainability"?
Great work. Well done, Paul. All our best wishes.
Sadru.
It's encouraging to see business leaders taking a fresh approach during these difficult times and for demonstrating compassion for workers. Please consider reaching out and utilizing the resources of your business partners as our lives are connected to your success.