In a major case of doublethink, CFO's are more optimistic about economic recovery than they were last quarter but they still plan to lay off more workers and cut costs. Oh yeah, and the recession will probably last approximately ten more months, according to a new CFO/Duke University survey.
Let's see here:
Optimistic CFO's + more layoffs + cost cutting = recovery in about ten months
Yeah, makes perfect sense.
CFOs Hoping for the Best, Planning for the Worst [CFO.com]
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Wednesday, June 3, 2009
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