THE TELEGRAPH: Executives who cut their teeth during the ''Brown boom" confess they are ill-prepared to lead their firms in a bear market, says a research study.
The so-called ''Brown boom generation" admit they lack the experience to handle a downturn after benefiting from a buoyant economy when the Prime Minister was Chancellor.
Half the 120 business leaders canvassed by consultants Hay Group say their shortcomings in managing a downturn is a serious threat.
A similar proportion also acknowledge that they lack the vision needed to lead their business through a period of economic turbulence. Crisis Exposes Brown Boomers >>> By Roland Gribben | July 8, 2008
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