The economic downturn affecting the U.S. and the financial sector is also slowing growth in the executive search industry. Peter Felix, president of the Association of Executive Search Consultants, said the weakening world markets have softened some areas of the search industry, most notably in the financial sector. Searches in financial services, which account for almost 25 percent of all business, only saw a 1 percent increase in the fourth quarter of 2007. After years of robust quarterly growth, industry revenues overall flattened from fourth quarter 2006 compared to the same quarter in 2007. And the normally upbeat AESC predicts a softer environment across industries,… Read More