Good news for an American economy that needs something positive. According to the U.S. Labor Department, the American economy had the biggest job creation that it’s had in five months during October. Economists were cautiously optimistic with this news. As Carl Riccadonna, an economist at Deutsche Bank said, “This is not a gangbusters report, but it is very important. It shows us that the momentum in employment is building.”
In a White House statement, President Barack Obama said that the jobs report is “encouraging news” and he encouraged both Democrats and Republicans to propose more ways to boost the economy.
Various executive shuffles have been occurring in the corporate world in a variety of industries including cloud computing and waste disposal. These multinational firms are announcing key changes in their corporate staffing structure.
One example is the movement at Republic Services Inc., with its recent announcement of current President and COO Don Slager to become CEO following James O’Connor’s retirement at the beginning of next year. Prior to his role at the waste management firm, Slager was COO and Vice President of Allied Waste Industries.
In the world of cloud computing, EMC announced last month a new Chief Strategy Officer – Mark Lewis, along with a new President of its Information Intelligence Group – Rick Devenuti. Both new appointees will report to President and CEO of EMC Information Infrastructure Products, Pat Gelsinger.
In addition, Don Slager was appointed unanimously by the board of directors, following a “comprehensive succession planning process,” it conducted. He was also appointed a member of its Board of Directors.