Managing on a Financial Tightrope

Mid-level execs are feeling the pain, popping aspirin, and finding new ways to adapt as employers trim budgets to the bone

Corporate middle managers have enjoyed a pretty sweet run over the past few years. With their companies buoyed by a strong economy and a stock market that seemed to know no bounds, men and women in the trenches filled their offices with new hires, took chances on new products, and equipped their staffs with the latest tech gadgets -- all the while worrying little that their bosses would turn off the spigot. Sure, lots of work needed to be done, but there was also money to do it.

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