Originally Posted by Lear

"According to McKinsey, they put out a release at one point saying that modest profits were no longer acceptable. To create an outstanding corporation, managers had to keep their stock price high, and cutting costs by layoffs was usually easier and quicker than boosting revenue. In their view, an average corporation that’s just keeping families fed and making products that are used and appreciated is not good enough. You got to make extraordinary profits, and that’s what they help corporations do. And they charge a lot of money for it."

The axe is about to fall... what a messed up thing for a profitable company to do.

Can't say I'm an avid reader of the NYT, but this was a great expose. Just bought the book for further reading.