"Embrace the challenge in 2009."

Unpaid vacations, wage freezes, and flexible work schedules are also employed to avoid layoffs in order to keep teams in place. This approach is happening within companies that want to avoid re-building their organization should the economy suddenly roar back.

Unpaid vacations, wage freezes, and flexible work schedules are also employed to avoid layoffs in order to keep teams in place. This approach is happening within companies that want to avoid re-building their organization should the economy suddenly roar back.

'It's fair to say that there is going to be a shake-up of epic proportions within the SEC.'

'It's fair to say that there is going to be a shake-up of epic proportions within the SEC.'

One of the most astounding pieces of news in this downturn was yesterday's announcement that Sam Zell put the Tribune Co. into Chapter 11 bankruptcy.

One of the most astounding pieces of news in this downturn was yesterday's announcement that Sam Zell put the Tribune Co. into Chapter 11 bankruptcy.

Playbook for the Turnaround