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Stock impact report

Companies are slashing middle management. Jamba Juice's former CEO says it is crucial for success. [Business Insider]

CAVA Group, Inc. (CAVA) 
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Jamba Juice's former CEO, James D. White, said he's all for middle management. He said this layer drives good company culture, which is important for bottom-line growth. But the trend in corporate America now is to slash middle management for efficiency and cost-cutting. In the era of America's " Great Flattening ," one longtime executive still believes that middle management has an important role to play. Speaking in a Monday episode of Yahoo Finance's "Opening Bid" podcast, Jamba Juice's former CEO, James D. White, said companies should not lose sight of the fact that humans and company culture drive bottom-line growth. And White said that middle managers are crucial for driving a good company culture. "It's really hard to drive culture into an organization if you're not focused on the middle management of the organization," he told h Show less Read more
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