> Something tells me that most CEOs who commit to running an all-weather business during this period of contraction will forget about it when times are better.

> Something tells me that most CEOs who commit to running an all-weather business during this period of contraction will forget about it when times are better. Bingo. It will be very interesting when the interest rates climb back down, to see how many CEO's will actually be hiring conservatively. One nice thing: we now have public documentation of their apology letters, so it will be quite a PR exercise to go back on their words. But I'm sure the consultants they hire will come up with the right kind of spin.