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Billionaires on a hiring spree, globally

March 24, 2009

In a report in its online edition, Forbes has said that a handful of businesses run by billionaires ranging from internet search giant Google to fashion retailer Hennes & Mauritz are bucking the layoff trend and are hanging up ‘Help Wanted' signs even in the current dismal state of economy.

H&M, run by Swedish billionaire, is also going ahead with plans to open 225 new stores in 2009, which would create 7,000 new jobs.

Image: Hennes & Mauritz (H&M) CEO Rolf Eriksen in front of an H&M store. | Photograph: Toru Hanai/Reuters

Also read: What they say about the Nano

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