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Berkshire Bets on More Corporate Belt-Tightening
By Andrew Mickey, Q1 Publishing
It’s getting tough for everyone. Consumers have led the way downward with a new zest for thriftiness that has plunged retail sales into its first decline in years. And all signs point to we’re still on the downtrend of consumer spending activity.
It’s not just consumers though; corporations are taking their licks too. They’re being forced to pass out more pink slips in a few months than most have in the past decade, advertising budgets have been sharply curtailed, and business investment is dropping as well.
But here’s the thing, all of the corporate fat which has built…
11Nov2008 | Q1 Publishing | Comments Off | Continued
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