In good old days parents used to advice their kids to save money as ' money saved WAS money earned'. Corporate America, however seems to have revised the saying in its own unique style. The new mantra is 'Money Saved is Extra Money Not Spent'. Wall Street Journal carried a news piece about the quarterly earning of Barnes and Nobles. The large chain of bookstores has posted loss this quarter, however the executives have given a bullish outlook for the year end. They are confident that the company would start posting profits from the next quarter. The reason......the company wont pay salary increases to their already overpaid executives, reduce the spending and cut jobs. Not a single word about increasing profits.
SO much so for the good old saying
No comments:
Post a Comment