Business
What we learnt: Beware COVID-19 cost-cutting boasts – The Australian Financial Review
Seek, Transurban and Computershare are determined not to weaken their business for the post-COVID-19 recovery.
It would be easy to pull back on investment in staff, technology and the suite of early stage ventures SEEK has on its books, or to take a hard line with customers by enforcing contracts despite COVID-19.
But the experience of the GFC looms large. SEEK invested heavily through the period and while it saw its share price tumble 75 per cent between February 2007 and September 2009, it reaped the benefits over the next decade. The stock was $19.40 on Wednesday.
Weve been tested before. Our profit…
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