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Executive Watch 2-18-04

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By noHead | Updated on February 24, 2004

2/18/04: It gets curiouser and curiouser.  Alan Greenspan has indicated that we will hit the historical unemployment rate of 4.5% as the economy continues to recover.  Having hit 5.9% deep into the recession, this appears to be good news.  However, there is a downside to the new hiring behind the statistics, if the Fed Reserve chief is to be believed.  According to Greenspan,  worker productivity will decrease as new employees enter the market. One of the  biggest drivers in the recovery has been the incredible increase in productivity.  It stands to reason that if worker productivity slides, this recovery will be less than robust–and jobs will suffer. On paper everything makes sense.  In the real world some of the rationale that is being offered doesn’t make any sense at all.
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BUCHANAN STREET PARTNERS (NEWPORT BEACH, CA) Thomas R. Sherlock has been bumped up to executive vice president, a role in which he will manage the firm’s Buchanan Capital Advisors group, which arranges debt and equity financing. Sherlock joined the firm in 2000.

SPERRY VAN NESS (WILLIAMSBURG, VA) Stepping up to regional sales manager is James Tucker , who will oversee the firm’s Mid-Atlantic operations. Tucker will also continue as senior advisor, specializing in investment and development properties.

 

STUDLEY (LOS ANGELES) Studley has hired Michael C. Weiss as managing director in charge of the firm’s financial services group. Weiss will be based in the company’s Los Angeles office. He comes from Cushman & Wakefield, where he headed its financial consulting group.

 

THE STAUBACH CO. (AUSTIN, TX) Liz Tucker has come on board as vice president. Tucker will focus her efforts on representing office tenants in Austin ‘s central business district and suburban markets.

EQUITY OFFICE PROPERTIES TRUST (CHICAGO) Jim Bannon has been named senior vice president of operations. Bannon most recently spent 16 years at Jones Lang LaSalle, where he held a variety of positions. He will run the firm’s energy and engineering functions and centralized procurement as well as operations.

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