The issues of “equal pay” and “just compensation” are hitting CEOs and business owners at every level, fed by an anxiety-producing brew of “inequality” politics, “living-wage” considerations and gender jealousies that has boiled over into an increasingly urgent matter demanding the attention of upper management.
Pfizer is bidding to acquire AstraZeneca in large part so that it can dodge the U.S. corporate tax rate of 35 percent by shifting its corporate headquarters to the UK, AstraZeneca’s home, after the acquisition and paying that country’s 20-percent rate. But in pursuing the merger, Pfizer has kicked a political and economic hornets’ nest that still hasn’t emptied.
Caterpillar is one of the most far-flung companies in the world, with thousands of its high-priced excavators and earth movers digging holes and cleaning up debris for hundreds of public and private customers in dozens of countries at any given moment. So the Peoria, Illinois-based heavy-equipment giant is turning to social media in a variety of ways to tie that vast and sprawling community more tightly to its brand.
The bioscience industry has become one of the most innovative and important economic drivers in the U.S., now accounting for more than 1.6 million jobs, nurturing a well-paid and highly skilled workforce and maintaining an American edge in a cluster of technologies that likely will be as important to this century as computerization was to the last.
Every time a site consultant or state economic-development official turns around, some automaker or large supplier is expanding a plant, ordering tooling for a promising future model, domesticating production that occurred offshore or even plotting a whole new facility. It’s happening across America’s increasingly prosperous auto belt.
New York State economic-development officials are using a big national TV-advertising campaign to tout their tax-free START-UP NY program. But critics already are panning everything about it, including the strict limitations on the types of companies the effort is attempting to attract, where they can be located, the cost of running the advertisements and the potential political motivations of Democratic Gov. Andrew Cuomo in launching it.
A survey of 300+ CEOs conducted in early May shows declining confidence in business conditions, even as economy reopens in many parts of the country and around the world. But there could be a silver lining.