Surviving the Recession: How to Cope with Tough Times

July 16, 2009 0 COMMENTS

All right, I’m officially over the recession. I’m tired of reading, writing, thinking, and talking about it. Most of all I’m tired of having to deal with it every day in our business. I long for the good ol’ days. For our industry — publishing — that was the go-go ’90s. But at this point I’d settle for¬†anything pre-2008. But for some reason, even though I’m tired of it, the recession is undaunted by my feelings. It continues to rage on, taking its toll on all of us.

No one is exempt. Earlier this year Challenger, Gray, & Christmas, an executive recruiting firm, released data that showed 1,484 CEOs left the corner office in 2008. That number was the most since Challenger began the survey a decade earlier. Of course, some of the executives retired, others just walked away, and many were shown the door because of the poor performance of the companies they led. But it’s no coincidence that a record number of CEOs exited the corner office during the worst economic downturn since World War II.¬† No one in the current workforce has ever managed through anything like it. It’s not easy, and it’s not fun.

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