Jams help georgetown greengrocer survive downturns
One week ago, it looked as if Georgetown’s greengrocers would survive a hard economic downturn that wiped out thousands of jobs.
Two weeks ago, greengrocers were down 45 percent in one week, with a loss of $50 million in sales.
But late on Monday night, the greengrocers — whose operations account for 40 percent of Georgetown’s $3.5 billion in annual revenue — were reeling.
“It just goes to show how things can turn bad in the short term,” Georgetown University professor James Martin said on “The 700 Club.”
One week ago, on Friday, the university’s Department of Social and Behavioral Sciences announced it had hired six graduate-level analysts to examine how business conditions in the school affected sales.
After the layoffs, students and faculty said they were furious about the university’s decision to hire outsiders to deal with the student body crisis.
“Georgetown is losing face, and we need to know that our future is bright,” one student, Laura White, said in a Facebook post. “Georgetown University is about the students and the future, not about the student body.”
A Washington Post/ABC News poll in December found that 72 percent of Americans who say they believe public universities are fair to all students are upset that Georgetown has hired a private accounting firm to assess sales figures, according to a spokeswoman.
But Martin said the new experts were more than enough to give the school a chance of staying on top.
“It’s a significant investment, and it goes to show how a건마n organization like the university can inve점보카지노st to the high standards necessary to stay competitive,” Martin said. “That’s why you have a바카라 사이트 public university.”
The Georgetown graduate-level analysis firm, PricewaterhouseCoopers, was hired by the university on Nov. 9 and will be responsible for analyzing sales for the remainder of the school’s fiscal year.
According to the university, the experts “have extensive experience in both academic finance and consulting work with a wide range of clients in real estate, consumer products, energy and other industries” in which there is “a competitive advantage that can be gained as a result of an understanding of how a particular market can be affected by a particular situation.”
But the university did not say how this new research came to be hired.
Martin, speaking before the hiring of the new firm, said the university is working on establishing whether the hiring of a firm is a good idea.