EMPLOYEE RELATIONS: Color Them Embarrassed

Color Them Embarrassed

When E.F. Hutton talks to its employees these days, they are expected not only to listen but also to take out their crayons. Last week the firm began distributing, at a cost of $50,000, The Hutton Neighborhood Coloring Book and a box of crayons to its 18,500 workers. The purpose is to boost staff morale, which was battered by Hutton's 1985 guilty plea to a check-overdraft scheme and further bruised by the company's $90 million loss last year.

The book tells of troubles in the E.F. Hutton neighborhood: slumping lemonade sales and rough times with kids like Merrill Lynch. Presenting a...