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June 15, 2006
Top Stories
HEWITT ASSOCIATES CEO TO RETIRE...Dale L. Gifford, who has served as chief executive officer of Hewitt Associates since 1992, has informed the company's board of directors of his plans to retire as chairman and CEO at the end of December. Hewitt's board is commencing an external search for a successor to Gifford.
ACS AUTHORIZES $1 BILLION STOCK REPURCHASE PLAN...Affiliated Computer Services, Inc. has authorized a share repurchase program of up to $1 billion of its Class A common stock effective immediately. At the current stock price, this program represents about eighteen percent of ACS' total common shares currently outstanding.
SYMPHONY SERVICES ACQUIRES VMOPLUS...Symphony Services has acquired VMOplus, a consulting company that focuses on helping organizations develop and optimize their global and distributed programs.
KEANE SETTLES HARASSMENT CLAIM...Keane Inc. agreed to pay its vice president of marketing $1.1 million to resolve claims of sexual harassment against Brian Keane, the company's former chief executive. Georgina Fisk, the vice president, is resigning her position on June 30. Brian Keane stepped down as CEO in May. The Boston firm also reached an unspecified settlement with an unnamed former employee who had also accused the former CEO of harassment.
GENPACT TO OPEN NEW PHILIPPINE CENTER...Genpact announced it will open its newest business-processing center in the Philippines this summer. Recruiting has begun at the 5,400 sq. metre facility in the Alabang suburb of Manila, where professionals will provide finance & accounting services, customer-service support, collections, and IT services to Genpact's increasing roster of global clients. It is the seventh country of operations for Genpact, formerly known as GE Capital International Services.
PLAN NOW F0R THE SECOND 2006 FORBES/OUTSOURCING CENTER SPECIAL REPORT...The second 2006 Forbes/Outsourcing Center special text/advertising report focused on best practices in managing
outsourcing relationships will appear in the November 27 issue of Forbes magazine with an advertising close date of September 11. Participating advertisers receive a text profile or customer case study that will appear in the pages of Forbes magazine, which is read by some 5 million business decisionmakers. You can view the first 2006 report in pdf format online here. For more information and special rates for Outsourcing Alert subscribers, contact Jerry Bowles.
Posted by jbowles at June 15, 2006 05:21 PM
