Recession proof industries

Year 2008 is one of the hardest year, it saw one of the biggest fall in the baking and financial industry, and also the biggest failure of Capital markets worldwide. This is the year when global economy felt its biggest recession, which it hadn't seen in decades.

But when the world is grieving under global recession, I want to list down few industry which are purely recession free.

1. Sex Industry : When people lose their jobs, they are more stressful, and sex its always a stress buster. Thus, sex industry is certainly is recession free.

2. Liquor Industry. Just like, Sex industry , Liquor generally helps people to forget their stress for a time being. So, this industry is also recession proof.

3. Pharma Industry : People are more depressed, so they are either ill or they have to take anti depressant drugs. So, during recession pharma industry certainly boom.

4. Media Industry : Media industry certainly have more news during recession time. They have to cover up govt. policies, they have to take interview of Corporate CEO and also of the deprieved layoff workers. Thus, certainly have more work during recession.

5. Govt. Financial Ministry : Offcourse, how can financial industry can be recession, as they during this time, they have an upheaval task to improve financial system and to bring stability in the market.

Thanks&Regards,
Mohit

CEO's at recession..

Recently, Forbes magazine list out World's wealthiest CEO's, which apart from recession , where job cuts are prevailing world wide, but still these CEOs drawing multi million paychecks in their accounts. So is the CEO salary justified ? Experts say, global economy is in turmoil because these high rank CEOs of big banks and corporations did not play their part as expected from them, and they let their employee leverage their positions in the toxic assets. So with these analysis, these CEOs did not command such hefty pay pacakages. Besides, when their fellow companions are under depression of losing their jobs, by very next second, how can these CEOs still enjoy multi million paychecks, and get them listed in forbes Wealthies list.

But, this time they should set up an example among their distress employees, by voluntering a pay cut, as done by Vikram Pandit , CEO Citigroup and Baba Kalyani, Chairman Bharat Forge.
Besides, they should look out for oppurtunties to expand their business, involve their employees in gathering ideas, which in turns result in improving employee motivation level and thus over all utilization. This is the time to follow the saying, Practice what you preach.

Thanks&Regards,
Mohit