David Yanofsky of QZ.com identifies nine S&P 500 companies with more cash in hand and short term securities than the cash-strapped U.S. government. GE alone has three times as much as the Treasury has available now. Jack Lew take note.
Wyoming, Florida, and Indiana rank among the ten best states for taxes on business, while companies in states like New York, New Jersey, and California must struggle with the worst tax codes in the country, according to the newest edition of the Tax Foundation’s State Business Tax Climate Index.
CEOs at companies ranging from Honeywell to JetBlue Airways said that a prolonged shutdown of the U.S. government has the potential to jeopardize the economic rebound, according to a report from Bloomberg. In addition CNNMoney reports that more than a dozen Wall Street bank chiefs warned President Obama at the White House that the financial system would suffer if the shutdown and debt limit aren't resolved.
Those of us in the private sector know that the U.S. still has not fully recovered from the weak real estate market and general economic malaise that started in the recession of 2008.
Recently Trader Joe’s had to tell its associates that it had to revise its health benefits in the wake of the Affordable Care Act (Obamacare). CEOs who face similar challenges in having a straight conversation on healthcare with their “crew members” (employees) should take note.
California Governor Jerry Brown just signed a bill that will gradually raise the state’s minimum wage from $8/hour to $10/hour by 2016, saying it is a long overdue measure to raise the income of working families. Yet earlier in September Washington DC Mayor Vincent Gray, also a Democrat, vetoed a City Council bill that would require large retailers [read Wal-Mart] in the city to pay higher wages, a measure that had drawn national attention. Gray called the bill a "job-killer," saying it would result in the loss of thousands of jobs in Washington. So who’s right?
The SEC has just proposed a rule that will require all public companies to report the ratio between the total pay of the CEO and the median pay of all other employees (excluding the CEO). Some of the unintended consequences --particularly for employment-- will be severe.
Improved operating performance, advance intelligence on emerging trends, higher valuation, right tone at the top, and expansion into new products and services are typical goals for privately held companies. Well defined governance oversight from private company directors can assist business owners reach these goals.
Conceding, in effect, implementation problems with the Affordable Care Act, the Obama administration is delaying enforcement of a key provision of the new health-care law that requires large employers to provide coverage for workers or pay a penalty in 2014, the biggest revision so far to the federal health-care overhaul. The knock-on effects for business may prove significant.
In the midst of a weak recovery from a particularly severe recession, many people are wondering whether the United States is in a state of decline, lacking the dynamism it once had. In terms of inventiveness such as patent creation the U.S. still ranks high. In other measures not so much.