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Executive Watch 2-3-04

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By noHead | Updated on February 10, 2004

2/4/04: This week, Sprint reported that it will outsource almost 6,000 jobs to IBM in a cost-cutting measure. While this is a terrific effort to save jobs and improve the bottom line for both companies, it’s not quite a boon for the US labor market. In reality, these 6,000 jobs are in the customer-service and information-technology areas. And you know what that means, don’t you? These jobs will most likely go overseas. At this point, this story is getting beaten to death. However, as each corporation is taking important measures to ensure long-term prosperity and health, the short-term approach may actually do more harm than good. At some point, the exodus of well-paying jobs overseas will leave fewer people at home to buy these company’s products and services.
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HORIZON REAL ESTATE ADVANTAGE LLC (NEW YORK CITY) Theresa Odessa has been tapped as partner at Horizon, in which she will lead development and expansion of its sales team while maintaining her former sales responsibilities. Odessa has been at the firm for six years.

NAI STONELEIGH HUFF BROUS MCDOWELL (DALLAS) Paul Stockard has been promoted to principal, in which he will continue to work mainly with law firms and insurance companies on their tenant representation needs. Stockard has been at the firm since 2000.

 

THE PROCACCIANTI GROUP (PROVIDENCE , RI) The company has tapped Scot Hamilton as vice president, sales and marketing. Hamilton was most recently vice president for sales at Interstate Hotels & Resorts.

 

MURRAY HILL PROPERTIES (NEW YORK CITY) Arnold Gamberg has become senior executive managing director at the company, leaving his own firm, Arnold Gamberg & Associates. In his new capacity, Gamberg will lead real estate consulting and brokerage services.

GRUBB & ELLIS (ROSEMONT, IL) Randall A. Koch has joined the company as senior vice president. Koch will lead the company’s sales efforts in the southern Cook County submarket. He was most recently first vice president of industrial properties at CB Richard Ellis.

LEHMAN BROTHERS

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