One of the US's richest self-made women explains how her company established a 'culture of frugality' that withstood the Great Recession

Liz Elting led the global translation company TransPerfect as co-CEO for 26 years. In that time, there were two major recessions in the US: the dot-com bubble burst and the Great Recession of 2008.

Despite economic instability, her company remained strong. "It didn't really affect us in a negative way," she said.

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