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9Manpower Annual Report 2008 Shareholder’s Letter
nearly 28,000 people to work through our workforce development
programs. This has involved, in many cases, training, assessment
and, the hardest part, placement of these people. Based on the
needs and current labor market, we’ll have more opportunities to
impact the communities we live in – so we can do well by doing
good. We understand the long-term impact that our sustainability
efforts can have on our brand, and how it positively enhances the
engagement of our people throughout the world. We work in an
organization that values results – not just that we achieve them,
but how we achieve them. At the end of the day, this defines the
Manpower group of companies.
You can count on us to vigorously pursue the future, while
continuously driving excellence in our day-to-day business. I
want to thank our investors, who have shown confidence in our
business, strategy and team. We are committed to delivering you
superior returns. Are we concerned about 2009 from a financial
perspective? Yes – it will be a challenging year. But at the same
time, we are facing this turbulence with confidence and high
expectations – we are certain current events will have a catalytic
effect on our future growth and profitability.
We will play offense during this period, but we will strategically
and appropriately run some time off the clock, scoring surgically,
yet boldly. We will make it happen.
Sincerely,
We work in an
organization
that values results –
not just that we
achieve them, but
how we achieve
them. At the end of
the day, this defines
the Manpower group
of companies.
JEFFREY A. JOERRES
CHAIRMAN, CEO & PRESIDENT
FEBRUARY 18, 2009
In six decades of operation, Manpower Inc.
has prospered under the stewardship of just
three chief executives: co-founder Elmer
Winter (right, 1948 – 76), Mitchell Fromstein
(left, 1976 – 99) and Jeff Joerres (center), who
has been President and CEO since 1999
and Chairman since 2001. They have guided
Manpower to its current position as a $22
billion global leader in employment services.