Wall Street Journal (July 5)
“The bosses of America’s biggest and best-known companies are learning a common lesson this year: The pay is great, but job security has rarely been shakier.” During the first five months of 2017, CEO turnover at large companies more than doubled. The “churn reflects a broader reality for the country’s business elite: An array of challenges—from increasing impatience on Wall Street and in boardrooms to a corporate landscape rapidly transformed by new technologies and rival upstarts—have made the top job tougher and more precarious than just a few years ago.” Today, “even the biggest companies are vulnerable to shareholder disapproval and competitive forces that their size and stature once helped them fend off.”
Tags: Boardrooms, CEO, Challenges, Elite, Impatience, Job security, Pay, Shareholders, Technologies, Turnover, U.S., Upstarts, Wall Street
Financial Times (January 14)
“Decades of anaemic wage increases, lower job security and lacklustre consumption” have undermined a generation of Japanese who are now coming to age. Dismal economic factors have “stripped away” their incentives “to leave home, buy cars, marry, have children, take risks and generally grow up.”
Tags: Anaemic, Cars, Children, Consumption, Dismal, Incentives, Japan, Job security, Marriage, Risks, Wages
