A company promise made good

When it has become a popular pastime to smack business for all their bad deeds, here's a company that needs to be commended. As reported by the Tribune:

A year ago, Acco Brands Corp. started cutting employee pay in a bid to
stem the flow of red ink and avoid mass layoffs at the supplier of
office products.

The job cuts came anyway. But in late October the company reported its first profitable quarter in two years.

So on Thursday, the Lincolnshire-based company will begin making good on its promise to pay back employees, four months ahead of schedule.

Cynics may call this a PR stunt, but I think praise should be given where praise is due. Acco is one of the nation's biggest suppliers of office products, such as Swingline staplers and Day-Timer planners. Next time in the stationary store, pick one up. The company's web site is here.


Leave a comment
  • The company kept a promise it made to its employees. While that's certainly worth noting, I'm not sure why keeping one's word is commendable.

    If there hadn't been a promise to repay reduced wages that would be a different matter.

    But it's certainly a sad statement about the way big business operates today if merely fulfilling a commitment made to their employees is considered praiseworthy.

  • In reply to EdNickow:

    That was carelessly stated - I should have used "praiseworthy" in the first paragraph as well as the last.

    Of course, honesty is commendable.

Leave a comment

  • ChicagoNow is full of win

    Welcome to ChicagoNow.

    Meet our bloggers,
    post comments, or
    pitch your blog idea.

  • Advertisement:
  • Subscribe to The Barbershop

    Enter your email address:

    Delivered by FeedBurner

  • Dennis Byrne’s Facebook Fan Page

  • Like me on Facebook

  • google-site-verification: googlefdc32e3d5108044f.html
  • Meet The Blogger

    Dennis Byrne

    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

  • Our National Debt

  • Twitter

  • Categories

  • Tags

  • Recent Comments

    • fb_avatar
      I would be much more sympathetic to your thoughts if they were actually based in reality. First point, in this ...
      Read the story | Reply to this comment
    • Barack Obama took nice decision to keep taxes fair for the rich persons as they possibly pay. sydney cbd bookkeeper
      Read the story | Reply to this comment
    • To make appreciated on your blog that supply informative and then the most widespread techniques of processing thermosetting plastics. plastic ...
      Read the story | Reply to this comment
    • In my view about this topic, if your child is avoiding taking classes because of not completing an assignment, then ...
      Read the story | Reply to this comment
    • In reply to Richard Davis:
      I didn't amend the law. The Republicans did. And a Republican governor signed on to it. Did they act out ...
      Read the story | Reply to this comment
  • Monthly Archives

  • /Users/dennisby/Desktop/trailer.mp4
  • Advertisement: