As we celebrate #IndependenceDay, we reflect on the spirit of #innovation that defines our nation. At MiddleGround, we pride ourselves on investing in American #manufacturing and are honored to work alongside the hard-working people who drive our economy forward. Their resilience is the backbone of our nation's prosperity. This Fourth of July, let’s raise a flag to the achievements and future of American manufacturing. Happy Independence Day!
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Strategic Operations Executive | Global Leader in Process Optimization & Organizational Transformation
Time to reconsider Milton Friedman’s doctrine of shareholder value and reemphasize erga omnes (toward all)? "America's businesses gambled that 'greed is good.' Now they're losing that bet, big time. An entire generation of politicians and executives preached the doctrine of efficiency in the name of maximizing profits for shareholders, and we’ve seen the results: stagnant wages, massive inequality, legislators captured by industry lobbyists, and companies that coast on past innovation and financialization because it’s easier than investing in something new… In 2019, the Business Roundtable, an advocacy group formed in the 1970s for corporations, read the populist tea leaves and published a statement that said the purpose of a corporation was to serve all stakeholders, “customers, employees, suppliers, communities and shareholders… The problem is it’s hard to see how corporate behavior has actually changed since then." #shareholdervalue Business Roundtable #executivesandmanagement #leadershiplessons #societalimpact #lobbying #maximizeprofits #corporategovernance
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Corporate incestocracy. Where bad business hiring and compensation practices for C-level executives, esp CEO's who seem to know everyone as those on the boards of directors know everyone in the overcompensation club, driven by large investors. So many failures that, in the end, heavily reward the failed CEOs as they laugh all the way to the bank, the corporations and communities that these businesses operate in pay the price. Obviously investors are not hurt enough to stop the practice of golden parachute payouts. Is that because our tax structure is socialist enough to publicly fund business failure? David Calhoun, leaving Boeing in tatters, gets a golden parachute of around $32 million. Boeing loses brand identity, untold billions in business. Other notable failures. Former Pfizer CEO Hank McKinnell Jr.'s five years in charge led to the company's market value falling by $140 billion. He was fired from Pfizer in July 2006 with a severance package worth nearly $200 million. I guess if you have a #StanfordMBA this makes you a winner because in 2007 McKinnell was the Arbuckle Award winner. Well, it is #Stanford and the incestocracy. https://lnkd.in/g2UrBiBa
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Happy Labor Day, friends! 💫 As a company dedicated to supporting small businesses across the US, we're grateful for the hard work and resilience of all the business owners and all the people that work to power our economy. Today, let's celebrate the American spirit of innovation and determination. What does Labor Day mean to you? Share your thoughts in the comments below! 🇺🇸 #LaborDay #SmallBusiness
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Employees feel they have the freedom to be creative, innovative and entrepreneurial, but within the constraints necessary for productivity and growth. https://lnkd.in/e7imSMMT #effectiveleadership #leadershipqualities #managingpolarities
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Giving Our Clients Back Their Time with Guidance and Strategic Tools That Grow Sustainable and Profitable Companies
While you may know that the number of family businesses appears to have increased over the past two decade, up from 24.2 million in a 2003 study to 32.4 million in 2021, what you might not know is the power of “family owned” in your own marketing and sales efforts. Enlightening “gem” from CEO Think Tank ®member and CEO of Electro Soft, Incorporated - Electronics Contract Manufacturing (ECM) (a 2nd gen Family owned company) Karla Trotman, MBA. Take two minutes today to check it out! From the team at Harvard Business Review! #ScalingUp #enlightenedleaders #CEOThinkTank
Study: Customers Really Do Trust Family Businesses More
hbr.org
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How are well do voluntary pledges work? So far, not so well. Like Carbon Offsets, pledges might serve a purpose in the “on ramp” phase of organizational maturity. but we are past that phase and this research by Ken Pucker shows that the BRT pledge had zero positive impact (except a great PR opp). There are countless pledges in the built environment: architects, manufactures, designers, all have multiple pledges they can join. Are the doing any good? Is anyone accountable to check up on them? I’d love to see a report card on this. Maybe pledges are for flags, not existential threats?
The Business Roundtable made headlines almost 4 years ago with their effort to “Redefine the #Purpose of the Corporation to Promote an Economy that Serves All Americans.” In the statement, signed by its 181 CEOs, including the CEOs of Apple, Walmart, Amazon, Bain & Company, The Coca-Cola Company, Gap, HP, KKR, Mars and more….the BRT reversed its allegiance to “#shareholderprimacy.” Instead, the statement read, "While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our #stakeholders.” In order, the statement then committed to deliver for customers, employees, suppliers communities and the environment and, finally shareholders.” The statement was hailed and received enormous press. The The New York Times wrote: "It was an explicit rebuke of the notion that the role of the corporation is to maximize profits at all costs — the philosophy that has held sway on Wall Street and in the boardroom for 50 years.” Really? 💰Almost 3 years after the BRT statement, Harvard Law professors Lucian Bebchuk and Roberto Tallarita studied what changes BRT signatories had made with respect to governance, compensation and bylaws. Here is what they found: "pledges by corporate leaders to use their discretion to serve stakeholders” have resulted in nearly no changes. 🛢️Yesterday, POLITICO reported that the BRT is actively lobbying to kill the SEC rule that would force companies to disclose (not remediate) their #carbonemissions. This, notwithstanding the fact that a number of BRT Board members (including Apple, Cisco, Citi…) have come out in support of the rule. How is that for “purposeful?” Trust action not words. Auden Schendler Adam Rome Bill Weihl Joel Makower Lawrence Heim John Elkington Judy Samuelson Lisa Sachs Maxine Bédat Dominique Chantale Alepin Tim Mohin John Elkington Andrew Winston Alan Schwartz AO Mindy Lubber Bill Baue Desiree Fixler Andrew King Tariq Fancy Alison Taylor Gil Friend
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New senior partner Marco Amitrano has set out in no uncertain terms what business leaders need to see from the new Government. Read his article.. #IndustrialStrategy #Growth #PwC
The courtship is over: Labour needs a new relationship with business
thetimes.com
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On Reuters television, our CIO of Investment Advisory Services Anna Rathbun, CFA, CAIA shared that she anticipates the stock market to experience some challenges leading up to the November election, citing volatility as we hear more about the economic policies of the two main presidential candidates. Rathbun added, “I'm seeing some deterioration on the lower income side of American consumers, and that can actually accelerate, as well.” She says that could cause margin pressure on American companies, citing Ford as a recent example, which saw increased sales on its EVs after lowering prices. #consumerspending #stockmarket #marketvolatility #investmentadvisory
Business
reuters.com
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On Reuters television, our CIO of Investment Advisory Services Anna Rathbun, CFA, CAIA shared that she anticipates the stock market to experience some challenges leading up to the November election, citing volatility as we hear more about the economic policies of the two main presidential candidates. Rathbun added, “I'm seeing some deterioration on the lower income side of American consumers, and that can actually accelerate, as well.” She says that could cause margin pressure on American companies, citing Ford as a recent example, which saw increased sales on its EVs after lowering prices. #consumerspending #stockmarket #marketvolatility #investmentadvisory
Business
reuters.com
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New senior partner Marco Amitrano has set out in no uncertain terms what business leaders need to see from the new Government. Read his The Times article.. #IndustrialStrategy #Growth #PwC
The courtship is over: Labour needs a new relationship with business
thetimes.com
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Director and Head of Procurement at R.A. Jones & MGS, Coesia Group companies. Love Procurement and my job !! Created a Purchasing and Sustainability group of 29k+ people. U.S. Army XVIII Airborne Corps veteran.
3mo“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” 🇺🇸 🇺🇸 🇺🇸