Korn/Ferry Keeping Eye on Economy Amid Cash Woes. (Corporate Focus).(Korn/Ferry International restructuring)(Brief Article)

From: Los Angeles Business Journal | Date: December 10, 2001| Author: Palazzo, Anthony | Copyright information

THE timing of a potential economic recovery won't mean everything to Century City-based Korn/Ferry International, but it will mean a lot. Korn/Ferry, the world's largest executive-recruitment firm, rode the Web talent derby to windfall revenues in 1999 and 2000, but now it faces a significant challenge raising the cash that will be required to see it through the current layoff cycle.

"We are closely tracking the cash situation at Korn/Ferry," said Morgan Stanley analyst ...

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