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People, Then Profits

Thursday, 12 Feb 2009 | 4:42 PM ET

Deep job cuts have affected the global workforce, and that prompted a Philadelphia executive to write an open letter calling for CEOs at companies in which he is a shareholder to rethink layoffs, even if it means taking a short-term hit on their stock price. Steven Korman, CEO of Korman Communities, and John McCall, professor at St. Joseph's University, discuss.