There will be a little less holiday cheer this year. According to an executive search firm, 85% of U.S. companies say they will throw a Christmas party this year. In 2006, 95% threw parties. To make matters worse, this year’s crop of parties will likely be less fun. More companies are planning afternoon affairs instead of evening get-togethers. And horror of horrors, less booze will be served. Only 70% of parties will serve alcohol versus 85% last year. What a drag! The grinches are blaming it all on sub-prime. Apparently there is simply less money to throw around this year.
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