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Institutional Investor (September 9)

2021/ 09/ 11 by jd in Global News

“The pandemic has made Europe’s top executives smarter… and humbler. From supply-chain issues to unforeseen social and cultural hurdles, business leaders in Europe and around the world have learned hard and valuable lessons over the last two years.”


Wall Street Journal (December 17)

2020/ 12/ 19 by jd in Global News

“Who wins from Brexit? New York.” No matter how “current negotiations between the U.K. and EU end, U.S. swap exchanges stand to gain European business.”


New York Times (December 12)

2019/ 12/ 13 by jd in Global News

“If there is one singular issue that defines the intersection of business and policy at this moment, it is a deepening trust deficit…. Businesspeople and policy leaders are scrambling for new ways to engender trust with constituents, including shareholders, employees and regulators. Some are trying to be more transparent. Others are diving into political and social issues that used to be verboten. Perhaps more than anything, they’re speaking publicly more about their thinking.”


Fortune (August 19)

2019/ 08/ 20 by jd in Global News

“Given the immense power large companies exercise in society, the new social consciousness of business surely should be seen as a step in the right direction. At a time when the nation’s political leadership is tied in knots…business leadership is filling the leadership vacuum.” The Business Roundtable, which always prioritized shareholders, “has redefined its mission” to include all stakeholders. In fact, shareholders aren’t even mentioned until word 250 of the 300-word Statement on the Purpose of a Corporation.


Financial Times (June 20)

2019/ 06/ 22 by jd in Global News

“Which tribe of politicians can claim to be the party of business? Back in the tax-cutting, deregulating, privatizing days of Ronald Reagan and Margaret Thatcher, the question was simple to answer on each side of the Atlantic. But Donald Trump and Brexit have a way of scrambling well-worn assumptions.” Neither the Republican Party or, across the pond, the Conservative Party remain the clear home of business.


The Irish Times (June 13)

2019/ 06/ 15 by jd in Global News

“Next door in Britain there’s a fevered contest under way for leadership of the Tory Party and thus Britain. The right-wing Tory Party once presented itself as the pragmatic party of business. Now it’s a radical separatist sect populated by clownish demagogues.” The three leading contenders are “the opium user [Rory Stewart], the buffoon [Boris Johnson]and the swivel-eyed loon [Dominic Raab].”


Reuters (December 18)

2018/ 12/ 20 by jd in Global News

“British business has issued a stark warning to MPs that they risk plunging an ill-prepared economy into chaos unless they stop playing politics at Westminster…. As ministers agreed to a dramatic escalation of preparations for a no-deal Brexit, including putting 3,500 armed forces personnel on standby, the leaders of the UK’s five leading employers’ groups said the country was nowhere near ready.”


Financial Times (January 24)

2018/ 01/ 27 by jd in Global News

Undercover reporting by the Financial Times revealed “groping and sexual harassment” at a secretive black-tie event that “has been a mainstay of London’s social calendar for 33 years.” Thursday’s event, attended by 360 men “from British business, politics and finance” with entertainment provided by 130 female hostesses, however, will be the last. The expose unleashed a deluge of criticism and The Presidents Club is disbanding.


Reuters (September 15)

2017/ 09/ 17 by jd in Global News

“Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers.” Some experts predict approximately $70 billion in property losses from flooding in Texas alone. But recouping insured property loses is much easier than lost income. “Exclusions in the fine print of policies, along with waiting periods and disagreements over how to measure a company’s lost income, make business interruption claims among the trickiest in an industry renowned for complexity”


Los Angeles Times (August 16)

2017/ 08/ 18 by jd in Global News

“America’s top business executives may have bristled over President Trump’s ban on refugees, his withdrawal from the Paris climate accord and his decision to bar transgender Americans from the military.” Still, “it wasn’t until the embattled president all but defended white supremacists in the aftermath of the deadly clashes over the weekend in Charlottesville, Va., that the country’s corporate elite decided they had had enough.”And, “by Wednesday, so many executives had resigned from Trump’s economic advisory and manufacturing councils, including the heads of General Electric Co., Intel Corp. and Campbell Soup Co., that the president announced on Twitter that he was disbanding the panels.”


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