Things aren't very pleasant for anyone these days. Even financial golden boy, Goldman Sachs, announced some significant firings yesterday. In particular, the 13 notable analysts who were given the axe. All part of the 10% (~3200) employee reduction at the firm. Two of the big names given the "ole shocker"--one in the stink, one in the 'pink slip'-- were financial services analyst William Tanona and newspaper analyst Peter Appert.
And no, Appert didn't just sit around reading the day's WSJ for financial advice, he was analyzing the actual newspaper industry. Seems those expensive paper and ink byproducts with the crappy advertising revenue aren't too hard to 'predict' these days. And, for the time being, I suppose the same could be said for the financial services industry.
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