Spend Matters Afternoon Coffee

Nokia makes some serious cuts.
Nokia to Cut 7,000 Jobs in Cost-Cutting Move -- In a statement, Nokia said the reductions would be achieved by eliminating 4,000 jobs, mostly in Britain, Denmark and Finland, and by transferring 3,000 employees responsible for its Symbian operating system to Accenture, a global technology consultant to businesses.

On the inside?
Beating the procurement process when spinning out a service -- Will it be a career-limiting move for a group of employees to suggest that they could deliver a service better outside the council than inside? Clearly, there are policy and political issues to consider and councils ought to be thinking about their attitude to such employee expressions of interest; are they to be encouraged or are they merely to be awaited?

Apple spends their profits on supply chain stuff.
Apple Battles "Mother of All Backlogs" With $11 Billion in Purchase Commitments -- Apple may not have any particular plans for its cash abundance beyond the preservation of capital, but it's not letting the $65.8 billion it had on hand at the end of the first quarter burn a hole in its pocket, either. The company continues to use it for supply chain investments, locking up component resources in an increasingly competitive market.

I find this fascinating.
Is Your Name Keeping You From The Top Job? -- Will your name launch you into the executive stratosphere, or keep you stuck in middle management? Online professional network LinkedIn analyzed more than 100 million user profiles to determine the top names of chief executives around the world. The researchers discovered that some names more than others correlate to the corner office.

- Sheena Moore

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