The Corporate Hurricane: Houston CEOs Race to Mend a Battered Workforce
Harvey swamped one of America’s biggest corporate hubs, where companies are now deploying no-interest loans and work crews
Erin Ailworth, Vanessa Fuhmans and Lynn Cook
The Wall Street Journal article, “The Corporate Hurricane: Houston CEOs Race to Mend a Battered Workforce,” quoted Russell Reynolds Associates Consultant Curt Ross about how the aftermath of the hurricane will affect corporate employees in Houston. The article is excerpted below.
HOUSTON—Chemicals maker Covestro AG set up a drive-through station for employees to pick up bleach, plastic tarps, gas and other emergency supplies. Occidental Petroleum Corp. is housing displaced staff in hotels and is giving out interest-free loans and $5,000 grants to pay for repairs. When Beaumont’s water service failed, Exxon Mobil Corp. used a fleet of 36 helicopters to deliver water to employees and their families.
Once people get back to work, “their attention is going to be divided,” said Curt Ross, a managing director in the Houston office of recruiting and consulting firm Russell Reynolds Associates. “These people are going to be talking to insurance companies and adjusters and contractors for months.” He estimated it could be six months before workers return to full productivity.
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