Saving Jobs to Stay Ahead

Published on December 24, 2009
by Joann S. Lublin

Cristóbal Conde knows adversity. His family fled Chile following a 1973 coup because his father, a university professor, feared the new military rulers. On Sept. 11, 2001, Mr. Conde was visiting an investor on the 32nd floor of the south tower of the World Trade Center, but escaped unhurt.

So the 49-year-old CEO of SunGard Data Systems Inc. is not rattled by the recession. He says he’s more concerned about how the information-technology company will fare during an economic recovery.

In mid-2008, he told lieutenants to minimize layoffs of programmers, so SunGard could continue to generate new products. Mr. Conde says the costly bet contributed to SunGard’s sharply higher net loss for the first nine months of this year.

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