By: Research Recap
December 29, 2008 at 11:48 AM EST
Bull Market in Global Executive Pessimism, McKinsey says
Company executives have become markedly more pessimistic in the past month, according to a global survey conducted in early December by McKinsey & Co., with twice as many executives now saying they expect their companies’ profits to decline in 2009, compared with a month ago. More executives said they expected to reduce the size of their workforces in the near term [...]
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