Cutting Checks
The numbers are in–and nobody's walking away with big money. According to the results of the 2004 NMHC National Apartment Management Compensation and Benefits Practices Survey, apartment companies are continuing to cut costs in myriad ways, including slowing the pace of company-wide salary increases and reducing short-term incentive and bonus payments. Read more
Branching Out
If Leonard Wood had left Trammell Crow to start an ice cream stand, Donna Hawkins says she would've followed him. And Wood's longtime executive assistant obviously isn't alone. When Wood resigned from Trammell Crow in 1998 to launch Wood Partners, roughly 60 Trammell Crow employees, including senior leaders Jerry Durkin and Jim Simpson, went with the mild-mannered executive. Read more