IN THE NEWS
FRIDAY, MARCH 23, 2007
Mansueto Ventures in the News: Folio Magazine, March 20, 2007
Folio: Summit Keynote: Despite Online Competition, Magazines Still a Good Investment
By Marrecca Fiore
When Joe Mansueto purchased Inc. and Fast Company for $32.5 million in 2005, they were two publications long-neglected by their publisher. "The previous owners (Gruner & Jahr) had disinvested in the magazines," said Mansueto, delivering the morning keynote at the Folio: Publishing Summit in Chicago. "They had lost the trust of the advertisers."
WEDNESDAY, MARCH 21, 2007
FAST COMPANY IN THE NEWS: The Wall Street Journal, March 19, 2007
Where Employees Praise Each Other With Cash
For human-resources experts trying to come up with simple ways for employees to give each other kudos, Kimley-Horn & Associates Inc. has a simple suggestion. Use money. Employees at the civil-engineering company can deliver a $50 bonus (plus $5 to cover taxes) to any other employee they think deserved it, reports Alex C. Pasquariello in Fast Company. They download a form, explain why the recipient deserves the $50, and preferably hand it to the recipient personally. The recipient gets the money from payroll within minutes and management has no veto power. Last year, the company, which has about 2,300 employees, awarded 6,174 bonuses.