Along with electing Donald J. Trump as the next president, voters passed a number of critical initiatives on Tuesday that will have an impact—both positive and negative—on business.
The anti-trade fervor gripping the West could be about to pose a serious challenge to CEOs fishing for talent.
Hundreds of British businesses, including oil giant BP and fashion retailer Burberry, warned in the lead up to June's Brexit vote that multitudes of jobs would be at risk if the country left the European Union. And while the full consequences of June's momentous "Leave" vote for companies worldwide are yet to play out, at least two CEOs are questioning what all the fuss was about.
More than 1 in 4 board members (26%) consider cybersecurity to be the highest priority for their corporation today, according to a new report from Bay Dynamics—and for good reason.
It’s no secret that there is a shortage of skilled machinists and toolmakers in America, the media’s been reporting on it for years. It’s even more the case when manufacturers and job shops look for machinists with advanced CNC skills who can work directly from 3D models to program, set up and make complex parts. I experience this dearth of advanced talent firsthand in my business and I would like to propose a solution that could accelerate a fix to the problem.
General Electric Co. filed a petition with the federal courts to request that the supervision by the Federal Reserve be removed, saying "it has sufficiently shrunk its once-massive financial-services arm so it would no longer pose a systemic threat to the financial system."
Business may be the direct recipient, but the ultimate costs are passed on.
Massachusetts has consistently landed in the bottom five out of 50 states every year for the last three years in Chief Executive’s Best & Worst States for Business, as ranked by CEOs in those states. “Massachusetts is overtaxed and overregulated,” one CEO responded in 2015. Connecticut is never more than one or two steps above Massachusetts. So what did Boston do differently to win over GE that it hasn’t done before?
As over-regulation continues to be a bane of existence for many CEOs and company owners, business leaders are encouraged to see examples where the modern trend toward regulatory overreach is frustrated, turned back, or at least seriously challenged.
Manufacturers are trying to stay a step ahead of the growing movement at the state and federal government levels to ban “microbeads” of plastic that are used in personal-care products ranging from skin exfoliants to soaps to toothpaste.