Translated into western culture via Haitian voodoo and West African mythology, the living dead have certainly been reanimated in a plethora of movies and television series over the last couple of decades.
Now they are slouching further into the corporate world.
“In the corporate world, a zombie is defined as a company which hasnt actually died but is not earning enough cash profit to meet its interest payments.
According to British think tank Onward, one in every five firms in the Old Dart is a zombie and the figure is, well, rising up.
Zombies are bad, according to Onward, causing slower employment growth that could mean over 400,000 fewer jobs created in a recovery that takes over twice as long, and lower productivity leading to GBP41…
Read the full article at: https://bluenotes.anz.com/posts/2020/09/andrew-cornell-column-zombie-corporates?adobe_mc=MCMID=91157366216774564320807860647922863099|MCORGID=67A216D751E567B20A490D4C@AdobeOrg|TS=1600254000
