GRAND RAPIDS, MI – Steelcase Inc. announced that it is launching a plan to return IDEO, its design division, to its creators in California. According to mlive.com, Jim Hackett, president and CEO of Steelcase, said the company had created a five-year plan for its largely independent IDEO. Managers of the 500-employee design business would be better compensated in a deal to enable them eventually to buy a majority share in the Palo Alto, CA, firm. Read more.
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