Accountants Tough Out the Recession
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by Rick Telberg
CPAs are grappling with the nation’s credit crisis with innovation, discipline and, mostly, a stiff upper lip. But no one ever said it was going to be easy.
One mid-level financial manager at a large company tells me things may be looking up, if only because companies like his are ratcheting down costs, sometimes painfully.
“Companies are doing better,” he says, “by restricting compensation and adopting industry practices towards base pay and bonuses.” Still, many companies remain top-heavy with management positions. “My company,” he says, “has announced great recent contracts but is wary about the
global economy.” READ MORE →
