Word: consumerized
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This recession has a more terrifying cycle, in part because it could last for years. The unpredictable duration of this downturn magnifies the problem that as workers get pushed out of jobs, they cease being consumers. More firms see their sales fall as the consumer population shrinks. These companies, then...
The economy is entering a two-layoff cycle. Managements examined their 2009 prospects late last year and prepared layoffs based on their knowledge that the current year would be rough. They made their job reductions based on those assumptions. But, many executives were completely wrong about the length and severity...
Part of the president’s decision should be understood as a well-timed political move. The month of January witnessed accumulating reports of multi-million-dollar bonuses, corporate retreats, and profligate spending in corporations either receiving or courting federal bailout money. Then it was confirmed that Wall Street...
In light of these factors, we hope that executives will rise to the occasion and make do with their salary caps. Wall Street’s image could not be much worse, and executives must take note that taxpayer and consumer confidence matters. In the long run, we hope that...
These days, the DRAM business has entered into another destructive phase of the business cycle. Huge investments in new capacity in 2007 have created an oversupply of chips, while the global economic slowdown is drastically weakening demand for the slivers of silicon that go into computers, mobile phones, portable music...