Chapter 16 Business Repositioning in Slowdown

Of costs positive, zero, even negative.

Business Repositioning—Slowdown—CEOs Speak at Harvard Meeting on Cause and Measures

Of closing ranks in a contingency.

Harvard sent gloomy signals to the United States, with Bill Gates and other HBS alumni seeing significant depression ahead for America. Those gathered at the school for the meeting in October 2008 were quite disappointed when they heard almost every speaker say that a significant depression was in the cards for the American economy.

Mr. Gates, former CEO, of Microsoft, cited high government taxes and increasing government debt as the main reasons for the recession to set into the American economy. “People are paying the price of leverage. ...

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