Administration August 3, 2002

PWC Predicts 200 Public Bankruptcies in 2002

March 8, 2002 (PLANSPONSOR.com) - The number of corporate bankruptcies is slowly edging down, but is still stubbornly clinging to levels high above the historical averages, according to accounting firm PricewaterhouseCoopers LLP (PWC).
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According to a new report from PWC, the 200 public company bankruptcies expected in 2002, though below last year’s level of 257 firms with $256 in assets, still towers over the annual average between 1986 and 2000 of 113 such filings.

In the private sector, bankruptcy filings are expected to rise to 10,800 this year from 9,928 in 2001- the highest in seven years, according to the accounting firm.

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The report predicts that companies in the telecommunications, auto, steel, computer hardware, chemical, and retail sectors will be particularly hard hit in 2002.

Benefits August 2, 2002

The Best Job in the World?

August 2, 2002 (PLANSPONSOR.com) - Talk about a job opportunity made in heaven.
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An exclusive London grocery story wants to hire a chocolate connoisseur to traverse the globe, select the best chocolate and — get this —  get paid $54,500 for their “trouble.”

The Daily Telegraph newspaper said the Fortnum & Mason personnel director Cathy O’Neill has already been bombarded with applications after she advertised the post as the “best job in the world.”

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But finding the best chocolate taster is apparently easier said then done.

“We only advertised it Sunday,” O’Neill told the Telegraph. “But already we have we have had loads of people writing in saying they have absolutely no experience, or they work in the metal industry or something, but they love chocolate.”

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