It happens in corporate Canada too, Eva, especially in catering. Before SARS, corporations would have no problem plopping down ten grand to hire an event planner for a team-buliding event. Now they call me, and balk at prices half or a third of that, and end up having a pizza party instead.
Advice for CEOs: Your people don't work hard enough for you because they feel underappreciated. I wonder why.... By the way, most of the event planners I used to work with are out of business.