Editor's Letter
DEPARTMENTS
It's not the late 90s, but it's not as bad as it sounds. In Deutsche Bank CIO Mitchel Lenson's assessment of the current economic situation, "The art here is trying to balance investment during a period when you're trying desperately to cut costs."
Indeed, all the executives interviewed about next year's spending stressed the need to cut smartly. And the fact that firms are treating the budget process as a delicate balancing act may signal that while overnight millionaires may be few and far
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