Volume 54, Number 10 · June 14, 2007
The Specter Haunting Your Office
By James Lardner
The Disposable American: Layoffs and Their Consequences
by Louis Uchitelle
Vintage, 287 pp., $14.95 (paper)
The Great American Jobs Scam
by Greg LeRoy
Berrett-Koehler, 290 pp., $24.95
The Battle for the Soul of Capitalism
by John C. Bogle
Yale University Press,260 pp., $16.00 (paper)
Donald Davis was not concerned about imports in the late 1960s, when he started out as CEO of the Stanley Works, the country's leading manufacturer of hand tools. By the early 1980s, the challenge of competing against inexpensive tools made in Taiwan, Korea, and China had swept most of Davis's other concerns aside. His first response was a plan to streamline management, reducing the company's white-collar ranks through attrition. An old-school CEO who had been with Stanley most of his adult life, Davis considered layoffs a last resort. But by the time he stepped down as CEO in 1987, hundreds of factory workers had lost their jobs on his orders.
Review, 5252 words
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