CHICAGO — As we continue down a tough economic road, it’s apparent that leaders must assume more and more responsibility and be held accountable. As we’ve seen with the failure of banking institutions, management officials who had assumed responsibility for apparent success that ended up in failure either are stepping aside or have been asked to step aside.
“With the economy in the shape that it’s in, we’re looking for new business anywhere we can find it. But aren’t there times when serving certain accounts doesn’t make sound business sense? Can you suggest some criteria that I can use to weigh the pros and cons of providing textile services to a new account, whatever and wherever it may be?”
PANAMA CITY, Fla. — David Sumner modestly describes his start-up as “a small, little business we’re hoping to grow.” But since opening in April 2007, the growth of Beach Buddies Laundry Service has been anything but modest.
WASHINGTON — A minority shareholder is pushing textile rental company Angelica Corp. to put itself up for sale, according to regulatory filings, but Angelica says its continued exploration of strategic alternatives renders the shareholder’s proposal moot.