By Jessica Stanic · 15 May 2009 · News
A recession can be a ‘cleansing process’ according to a top business leader, but what does this mean for struggling companies? Find out how the economic downturn is separating the strong from the weak.
Former Woolworths chief executive Roger Corbett has said that a recession can act as a “cleansing process” by weeding out the bad companies and separating the strong from the weak. Mr Corbett, a board member of the Reserve Bank of Australia, said that the recession weeds out bad companies that should be allowed to fail. […]