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Running a basic-materials company can be thankless. Whether it competes in pulp and paper, in energy, in chemicals, or in mining and metals, it inevitably confronts mature markets, intense global competition, and continual pressure to cut costs. To make the task more trying, however hard suc...
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US investment banks are cutting costs by shrinking employment, but they can trim other types of spending without causing serious damage to their culture or morale.
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