What happens when U.S. consumers, businesses, and the federal government all deleverage at the same time? It ain't pretty.
What if U.S. consumers, business, and the federal government deleveraged at the same time? Expect slower growth and, for many hard-pressed Americans, a lower standard of living, at least for a while.
Steve Jobs, Apple’s ailing CEO, is scheduled to return to work this month after a six-month leave, but investors are feeling skittish. Every time he sneezes, shares of Apple catch a cold. Can a CEO—even one as talented and visionary as Jobs—really make or break a corporation? Many business scholars have grown skeptical of the idea of chief executive as superhero. Cutting-edge research reveals that while some CEOs clearly do make a big difference, many are merely the most visible cogs in complex machines.