Archive for Sunday, September 16, 2001

Business briefcase for front

September 16, 2001

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eating out for many executives

An increased workload from a recent spate of layoffs has left little time for executives to "do lunch," in the manner to which they may have become accustomed when the economy was surging, a recent survey by Management Recruitment International shows.

Of more than 4,500 executives polled, nearly 68 percent said they eat lunch at their desks at least once a week, the Cleveland-based recruitment and search firm said. More than 34 percent have lunch at their desks at least three times a week and 10 percent said they lunch at their desk five days a week.

"'Let's do lunch' doesn't necessarily mean going out to lunch anymore," said Allen Salikof, president and chief executive of MRI. "These results show that the average American executive is often too busy at work to take time out for lunch away from the office. They may be feeling the pressure to use every bit of time they can squeeze out of a day to meet the demand."

MAGAZINE GUIDELINES

Consumer Reports offers advice

on whether to fix or buy new items

If your VCR, computer printer or compact disc player is on the fritz and it's more than 2 years old, it probably makes more sense to buy a new one than repair it, according to the October issue of Consumer Reports.

Drawing on a survey of 38,000 subscribers, the magazine also concluded that if your 7-year-old lawn tractor, projection television set or wall oven breaks down, it's wiser to fix it than to replace it.

In the issue, the magazine provides guidelines about whether consumers should fix or replace 22 major household items should they break. It also features the typical replacement and repair costs for such items as desktop and laptop computers and vacuum cleaners and clothes dryers.

And if you're wondering whether you should shell out more cash for one of those extended warranties, purge the thought. The magazine reports that the survey simply reaffirms they're a bad investment since many are far more expensive than the cost of repair.

MOTLEY FOOL

Name that company

In 1876, my 18-year-old founder, whose name I bear, opened a candy store in Philadelphia that soon failed. In 1903, he began building the world's largest chocolate plant, where I mass-produced milk chocolate. Today I sell more than $4 billion of goods annually in more than 90 nations. My brands include Almond Joy, Jolly Rancher, Kit Kat, Milk Duds, Reese's, Sweet Escapes, Twizzlers, Whoppers, York and more. With no children of his own, my founder built a school in 1909 for children whose family lives have been disrupted. Today more than a thousand kids learn on its 10,000-acre campus. Who am I?

l For last week's answer and more Motley Fool, please see page 3E.

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