At 02:14 AM 10/17/2001 +1000, Ian Green wrote:
>"CSFB said it would cut 1,000 jobs globally to save $1 billion a
>year"
>
>I am astounded that a company can lose $1 million per employee
>or believe that each employee *costs* a million dollars on average!

Overall their revenue is $435,714 per employee as of 31 Dec 2000.  28,000 
employees and $12.2 billion revenue.

Obviously there are other costs involved if they plan to save $1 billion.

FWIW

G

______________________________________
George Matyjewicz,  President/General Manager
Standard Transactions (BVI) Limited
http://www.standardtransactions.com
http://www.standardreserve.com
mailto:[EMAIL PROTECTED]
Standard Transactions Agent Xchange
http://128.121.218.67/stax/


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