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Are British managers stick in the muds

Are British managers stick in the muds Recently, a major British company with headquarters in London succeeded after much effort in locating a senior and experienced international finance expert to become its new financial director. A good offer was made 21,500, the pay and conditions looked right, the man wanted the job but he had to refuse. One more company, and one more capable man, had become victims of a particularly invidious new constraint on effective business management executive immobility. The cause The man lived in an area of low price housing in the North of England. Any reasonable salary increase on moving down south would have left him worse off in real terms simply due to the cost of moving and the increase in his mortgage to meet the London prices. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Industrial Management Emerald Publishing

Are British managers stick in the muds

Industrial Management , Volume 80 (5): 6 – May 1, 1980

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0007-6929
DOI
10.1108/eb057056
Publisher site
See Article on Publisher Site

Abstract

Recently, a major British company with headquarters in London succeeded after much effort in locating a senior and experienced international finance expert to become its new financial director. A good offer was made 21,500, the pay and conditions looked right, the man wanted the job but he had to refuse. One more company, and one more capable man, had become victims of a particularly invidious new constraint on effective business management executive immobility. The cause The man lived in an area of low price housing in the North of England. Any reasonable salary increase on moving down south would have left him worse off in real terms simply due to the cost of moving and the increase in his mortgage to meet the London prices.

Journal

Industrial ManagementEmerald Publishing

Published: May 1, 1980

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