Richard Hadden

How could Southwest Airlines achieve 23 consecutive years of record revenues and profits while other airlines were hemorrhaging red ink? How could GE produce refrigerator compressors at a cost substantially less than its foreign competitors, despite an unfavorable cost differential of $15 an hour? This fascinating book suggests an answer.

In 1996, authors Bill Catlette and Richard Hadden noticed that every single one of the top 15 companies listed in Fortune’s “Most Admired Corporations” were also widely recognized as exceptional places to work! Hmmmm.... Catlette and Hadden conducted a study of such companies over a ten year period, with interesting results: Compared to their top competitors, the “Contented Cow” companies consistently enjoyed big financial gains in every important way--productivity, revenues, and growth.

The book is not without its flaws. For example, Wal-Mart is listed as one of the "Contented Cow" companies--a designation that Barbara Ehrenreich's NICKEL AND DIMED: ON (NOT) GETTING BY IN AMERICA certainly puts the lie to. Still, CONTENTED COWS makes a strong case for the connection between sound human resource management and successful financial management--a connection far more direct than many managers think. So in my opinion this book is highly relevant for today's globalized-and-outsourced Corporate America.… (meer)