"You can't shrink your way to prosperity," University of Colorado business prof Wayne Mascio as saying. From the piece:
Mr. Cascio has studied how companies in the Standard & Poor's 500-stock index have performed over 18 years. His conclusion: those who cut deepest, relative to industry peers, delivered smaller profits and weaker stock returns for as long as nine years after a recession.
http://online.wsj.com/article/SB100...17960.html?mod=WSJ_hpp_sections_careerjournal
Mr. Cascio has studied how companies in the Standard & Poor's 500-stock index have performed over 18 years. His conclusion: those who cut deepest, relative to industry peers, delivered smaller profits and weaker stock returns for as long as nine years after a recession.
http://online.wsj.com/article/SB100...17960.html?mod=WSJ_hpp_sections_careerjournal