The News Review:
- Dell Launches New Server Management Products
- Big cut seen in Florida’s US Sugar Corp land deal
- Short ‘gigs’ create patchwork jobs for workers
- Merrill Cuts Shifts Jobs f Some Wealth-Management Managers
- AIG Risk Management Is A Joke–Former Employee
Dell Launches New Server Management Products
PC World
Budgets are under pressure during the recession and Dell hopes the new products will help enterprises carry out more tasks through virtualized environments and reduce hardware acquisition costs said Brad Anderson senior vice president at Dell at a press event in San Francisco. Dell also aims to equip servers and storage products with features that could help reduce power and cooling costs. However the company’s main focus with the new products is to reduce system maintenance costs which can take up to 70 percent of IT budgets. The products should help make it easier to configure standardize and virtualize IT environments Anderson said.
Related from Softwaremonster: BMC Software has big role in Cisco server foray
Big cut seen in Florida’s US Sugar Corp land deal
Reuters
Under a revised deal unveiled in November state officials said theprice tag had been cut to $1. 34 billion but still involved buying 181000acres of land considered critical to the Everglades revival. The South Florida Water Management District board had been expected tosell certificates of participation instruments similar to bonds tofinance the deal. The Miami Herald said Governor Charlie Crist stymied by plummeting taxrevenues and soaring unemployment was now slashing the deal in a state onthe front lines of the U. housing and mortgage default crisis however. Citing sources close to the negotiations the newspaper said the statewould now purchase no more than about 75000 acres of U.
Short ‘gigs’ create patchwork jobs for workers
The Associated Press
9 million the previous February. “There is a clear correlation between economic distress and social distress” said Paul sterman professor of Human Resources and Management at the Sloan School of Management at the Massachusetts Institute of Technology. “Underemployment is not good news for families. “And while some of the short-term jobs are on the books — like Sneed’s handing out seed packets and key chains for Sprint — others are not. Job postings are down overall on Craigslist the most-used job board in the United States said Jim Buckmaster CE of Craigslist.
Merrill Cuts Shifts Jobs f Some Wealth-Management Managers
CNNMoney.com
(BAC) recently cut some business manager positions lettingsome employees go and retaining others in new roles according to peoplefamiliar with the situation. The move which affected about 150 employees is the latest effort by thewealth manager to cut costs following layoffs of less than 10% of its branchsupport staff and several hundred rookie brokers in December and Februaryrespectively. In recent years a team of business managers often assisted Merrill directorsin running brokerage complexes. With the shift some employees who stayed withthe firm could provide the same responsibilties in an analyst-type role.
AIG Risk Management Is A Joke–Former Employee
The Business Insider
Bob Lewis who remains the head of the Enterprise Risk Management unit is described as a narcisst with little understanding of much of AIG’s business by the insider. “I worked for his division and within months I realized this place Enterprize Risk Management is simply a joke” the insider says. “[Bob Lewis] happens to be a person who is in love with himself pretending to know things whose inner workings he cannot even imagine. n top of this he promotes only not just mediocrities but people who are solidly inept.