The coronavirus’ stock market impact is immense. It is spooking stock markets. The Dow Jones Industrial Average (DJIA) shed 12% or over 3000 points over five days, February 24-28, the largest 5-day drop since the Great Recession. The DJIA recorded the biggest single day drop (1191) during that week on February 27. China is a key player […]
Share Buybacks Distort a Firm’s Results and Reduce Funds Available to Invest
Share buybacks or share repurchases can distort a firm’s results and delude the public. These events hike earnings per share (EPS) without growth in the firm’s basic value. The baseless boost in EPS could lift a chief executive officer’s (CEO) bonus. So, is a share repurchase plan the best use of a company’s funds? Who enjoys buybacks except the […]
Capitalism Isn’t Dead, Corrupt Leaders Placed it on Life Support
Capitalism isn’t dead, it is on life support. Industry leaders push their agendas with practices that hurt the public, and they get rewarded. For instance, Boeing’s CEO oversaw the 737 debacle, the company fired him but plans to pay him millions. Donald Trump’s lies and corruption as he presided over failed businesses, a fraudulent foundation and fake university, propelled […]
Effective Supply Chains Key to Delighting Customers and Creating Stakeholder Value
Firms need to focus on maximizing value in their supply chain—a series of interrelated activities to move a product or service from its originating point to the customer or client. It is the linkages involved in delivering a product or service most productively for the customer and the business. It is vital to operations management and crucial to deliver consistent, high-quality products on-time to customers, and to create value for the business.
Published Vision Statements Are Helpful But Not Necessary
Sometimes young entrepreneurs ask me to help write their vision statements. They believe a written vision statement is essential. I assure them the crucial issue isn’t the written vision statement, but their ability to articulate their vision to those who will join their firms and others. To be sure, writing the vision provides clarity, but […]
Maximizing Shareholder Value Works When CEOs Focus On Enterprise Value Not Bonuses
T he Business Round Table (BRT) had an aha moment and decided maximizing shareholder value is not a corporation’s sole purpose. That metrics from the 1980s is wrong, it said. The BRT is late getting to this undeniable conclusion. It is indisputable that this profit focus fed CEOs’ greed nature and primed the Great Recession. CEOs […]
Evangelical Before Donald Trump Not Anymore I am Ashamed
I identified as evangelical before Donald Trump’s presidency. Now, I cling to my Christian faith, but dropped the evangelical label; I am ashamed. American evangelicals defy biblical tenets to support Trump’s vile, rude, and crude conduct. He gave them pro-life laws and moderate judges, both vital to their cause. So, they say the ends justify the […]
Facebook’s $5 Billion Fine Encourages Executive Misdeeds
Facebook’s $5 billion fine by the Federal Trade Commission (FTC) for serial privacy abuses doesn’t go far enough. After the market received news of the fine, Facebook’s market value spiked $10 billion, and Chief Executive Officer (CEO) Mark Zuckerberg’s net worth rose $1 billion. Facebook’s leaders rejoiced. Why not? Facebook did not agree to wrongdoing, and the […]
6 Ingredients For Meaningful And Productive Meetings
Meaningful meetings are possible, desirable, and should be the aim of every executive. Many people say meaningful meetings is an oxymoron, and they have a point. Multiple research shows that most meetings waste time and cost significant sums. Some studies show over 75% of meetings waste time. Get a Klu, a corporate coaching and training consulting firm found that […]
Politicians Vying For Credit For Booming USA Economy
Politicians are vying for credit for the genesis of the growing economy (USA). Today, what matters most is that we sustain the economic and job gains. Thus, the government must not meddle with tariffs, tax hikes, and useless rules. Like it or not, lower corporate taxes are good for companies, the economy, and job creation. The converse is […]