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Not long ago, Korn/Ferry International (NYSE: KFY) was growing nicely. The executive management search company was picking up some juicy fees and benefiting from global growth.
Of course, things are much different now. Basically, corporate clients are watching their wallets.
According to the latest quarterly results, Korn/Ferry posted a loss of $0.52 per share, which compares to a gain of $0.37 per share in the same period a year ago. Although, there was a $16.8 million restructuring charge and a $15.3 million cash asset impairment charge.
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