A new study finds that managers who start working during down times rise through the ranks faster but tend to be more risk-averse:
Managers with a more conservative style are perhaps more likely to be promoted, and less likely to switch business and industries, which explains their faster rise to the top. This risk-aversion, however, could also keep them from bigger companies, and bigger salaries. The authors point out that companies should strive to have a mix of both recession and boom-beginning managers: "If the majority of existing managers are brought up in a boom time there might be a net shortage of managers who know how to manage in a recession once the economic outlook changes."
The Dish 