You Can Cut Your Way to Prosperity

According to Goldman Sachs Chairman and CEO Henry Paulson, “I don’t want to sound heartless, but in almost every one of our businesses, there are 15% to 20% of the people that really add 80% of the value…. Although we have a lot of good people, you can cut a fair amount and still be well-positioned for the upturn.” [New York Sun, 1/29/03]

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