CEO Donald Washkewicz

The CEO of Parker-Hannifin Corp. received compensation in fiscal 2009 valued at $9.1 million, 6.3 percent less than the previous year's compensation, according to an Associated Press calculation of figures filed with regulators. The reduced compensation came as the recession slashed profit for the Cleveland-based maker of motion and control systems. For the 12 months ended June 30, the company's profit dropped 46 percent and its revenue fell 15 percent. Don Washkewicz's performance-based cash bonus declined 13 percent to $1.9 million and his perquisites fell 30 percent to $163,056. His salary slipped 3.3 percent to $1.1 million. The CEO's stock options and restricted stock ... Read Full Story

NEW YORK/CHICAGO (Reuters) - A handful of diversified U.S. manufacturers posted results that topped Wall Street estimates, boosting investor confidence as they coped with the worst recession in decades. But companies including Tyco International Ltd <TYC.N>, Cummins Inc <CMI.N>, Parker Hannifin Corp <PH.N> maintained a cautious view on the economy's heading on Thursday. Tyco and Cummins held their full-year outlooks steady, and Parker set a fiscal 2010 target below analysts' expectations. "We anticipate that conditions will not improve appreciably in our markets for the balance of this calendar year," said Don Washkewicz, chief executive of Parker Hannifin, which makes motion control systems for industrial ... Read Full Story

When sentiment shifts, the bulls don't always need a convincing reason to buy. Parker Hannifin PH reported quarterly results before Thursday's open. The numbers were awful. Earnings came in at 33 cents a share, missing views by 13 cents. Sales were $2.34 billion, about 3% short of analyst estimates. The maker of motion control systems cut its full-year outlook for the second time this year, and Chief Executive Don Washkewicz was bracing for more head winds. "Conditions will not improve appreciably in the near term," he said. The bears feasted on this for the first three minutes of Thursday's session. Parker Hannifin slid 3.6%. ... Read Full Story

is a leading diversified manufacturer of motion and control technologies and components. We are aggressively expanding our business in Indonesia. Highly motivated self-driven individuals are encouraged to apply for the following post to be based in Jakarta, Indonesia: 1. TERRITORY SALES MANAGER – HYDRAULICS 2. TERRITORY SALES MANAGER - FLUID CONNECTORS Responsibilities: Conduct direct and indirect sales activities for the full portfolio of Hydraulics OR Fluid Connectors products. Develop end-user accounts and OEM accounts, providing top-level technical support and service. Manage the performance of distribution channels to reach target markets. Participate in planning, development and implementation of sales strategies. Drive the development of specific ... Read Full Story

Best employer of choice company 2006 & 2007 in services industry, need good people, Great People To support our growth, we challenge great talents to apply for the positions below: Sales & Marketing Department Sales Executive (Location: Jakarta, Surabaya, Bandung, Denpasar, Semarang) Managing established accounts and expanding market share within the area. Aggressive new business creation. Identify and to develop [...] Related posts: Territory Sales Manager Parker Hannifin Corp Parker Hannifin Corporation is a leading diversified manufacturer of motion... 5 Positions Guess Watches Jakarta Guest Watches is an international timepieces product. Currently we are... Marketing Manager PT. Honoris Industry Required immediately We are well ... Read Full Story