BY DAVE CLOSSEY There is as much variation in company owners as there is in the companies themselves. This is what makes competition great; there are hundreds of ways to run a successful company. For some owners, the plan might go something like this: Target a specific market niche; pursue clients in that niche; and sit comfortably on a steady—and hopefully predictable—revenue stream. Gary Markovits, president of E&M Bindery in Clifton, NJ, sees things a little differently. "My wife always says to me, 'Your company is doing well. Why not sit back and relax?' " laughs Markovits. "But that isn't the way I am.
STAMFORD, CT—Only weeks after announcing that 3,000 jobs would be eliminated from its domestic work force, International Paper reported that it would be letting another 655 employees go in a move that coincides with the plan to indefinitely shut down production capacity of 670,000 tons within its containerboard and coated papers businesses. Three paper machines at its Savannah, GA, mill and one at its Hudson River mill in Corinth, NY, will be shut down indefinitely. The shutdowns will result in reductions of approximately 610,000 tons of the company's U.S. containerboard capacity (12 percent) and 60,000 tons of its coated freesheet capacity (7.5 percent). "These are difficult