THE "HP WAY": AGILENT CHOOSES SALARY CUTS OVER LAY-OFFS
Rather than lay off workers during the current economic slump,
Hewlett-Packard spin-off Agilent Technologies will temporarily cut the
salaries of all 48,000 workers, including management, by 10%. The decision
is consistent with the famous "HP Way" developed by company founders Bill
Hewlett and Dave Packard, who stressed the importance of showing respect
for individuals. (San Jose Mercury News 5 Apr 2001)
http://www.siliconvalley.com/docs/news/svtop/agilen040601.htm
