Today's Guardian carries a report that a survey of 120 senior executives revealed "more than half not only admit they had the wrong strategy to steer their organisation through a slump, they also have no plan in place to take advantage of the eventual upturn." (http://www.guardian.co.uk/business/2008/jul/08/creditcrunch ).
The survey finds that just under half the poll of executives admit to having no experience in dealing with the impending financial climate. Something to remember when the CBI, IoD, et al, next declare that low-paid workers should show wage restraint & that the salaries in the City are justified in order to attract the right calibre of business leaders.
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