SHORT-SHIRTED IN MAINE

HATHAWAY EMPLOYEES MEET A TOUGH CEO'S DEMAND TO DOUBLE PRODUCTIVITY. THEY MAY FACE THE AX ANYWAY

The first time workers at the Hathaway shirt plant in Waterville, Maine, met their boss, Linda Wachner, in August 1994, she introduced herself as "Miss Linda" and showed up wearing a gray sweat suit. Despite the informality, signs of Wachner's clout and wealth were evident, from the Gulfstream jet she arrived in to her heart-shaped, five-carat diamond ring to the coterie of executives who trailed in her wake. It was a retinue befitting the chairman and CEO of Warnaco Group, Inc., Hathaway's parent, primarily a manufacturer of intimate apparel, with sales last year of $916 million.

Wachner was in Waterville to...

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