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September 23, 2001
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    'Old economy' practices help firm succeed

    Bryan Oller/The Gazette

    Greg Walthour, founder and president of International Webworks, says his firm kept its plastic tables and focuses on overhead and quality ideas.

     At International Webworks Inc., employees work on plastic tables, executives sometimes take out the garbage, and the firm's founder drives one of the oldest -- and possibly ugliest -- cars in the parking lot. The online company is not on the verge of folding, nor has it resorted to its low-budget operation out of necessity, as have many other Internet firms that imploded this year. MORE

    Employers push workers to stay home to cut costs

     NEW YORK -- Employees at DiamondCluster International knew business was bad when senior executives agreed to a 15 percent salary cut and CEO Mel Bergstein said he would slice his own pay to zero. But when the Chicago consulting firm told rank-and-file employees they'd have to swallow some of the bitter medicine, too, it administered it in novel form -- by furloughing 200 workers for six months with partial pay and mandating two weeks of unpaid vacation for everyone else. MORE

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