Labor: Companies should expect dip in production on 9-11

As the nation prepares to mark the first anniversary of the terror attacks, America’s businesses should be prepared for an understandable drop in productivity, according to Richard Bayer, chief operating officer of The Five O’Clock Club, a New York-based career counseling network.

“People need time to discuss their situations with co-workers,” Bayer said. “Where were they when it happened? How did it affect them? Employers must be sensitive to the emotions of employees.”

And companies should remember to review with their workers changes made or planned in response to the attacks, including new security precautions.

As for the actual anniversary, employees should be given time to reminisce and grieve.

“Managers should realize Sept. 11 will be a sad day,” Bayer said. “This is uncharted territory for everyone.”

Wages: Firms under probe pay CEOs more than average

Executives at companies being investigated for accounting irregularities earned an average of 70 percent more between 1999 and 2001 than CEOs at large companies in general, a new report finds.

According to the Institute for Policy Studies and United for a Fair Economy, the CEOs of 23 large companies under investigation earned an average of $62 million from 1999 to 2001, compared with an average of $36 million for all CEOs in the annual Business Week executive pay survey.

The institute’s ninth annual CEO pay study looked at companies under investigation which have had market capitalizations over $1 billion sometime since January 2001.

The companies are Adelphia, AOL Time Warner, Bristol Myers Squibb, CMS Energy, Duke Energy, Dynegy, El Paso, Enron, Global Crossing, Halliburton, Hanover Compressor, Homestore, Kmart, Lucent Technologies, Mirant, Network Associates, Peregrine Systems, PNC Financial Services, Reliant Energy, Qwest, Tyco, WorldCom, and Xerox.

Motley Fool: Name that company

I trace my roots to 1935, Kum Kleen Products, and the world’s first self-adhesive labels. Today, with more than 17,000 employees and annual revenues of roughly $4 billion, I’m a world leader in pressure-sensitive technology and self-adhesive products. My offerings include office products, beverage labels, bar-code printers, peel-and-stick postage stamps, battery labels, reflective highway safety products, automated retail tag and labeling systems, and specialty tapes and chemicals. I’m based in Pasadena, Calif. My products are used in virtually every major market and industry, and in nearly 90 nations. Who am I?