DOCSLIB.ORG

December 11, 2012 the President the White House Washington

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
December 11, 2012 the President the White House Washington 300 New Jersey Avenue, NW Telephone 202.872.1260 Suite 800 Facsimile 202.466.3509 Washington, DC 20001 Website brt.org Chairman W. James McNerney, Jr. The Boeing Company December 11, 2012 President John Engler The President Business Roundtable The White House Washington, DC 20500 Executive Committee Ajay Banga MasterCard Incorporated Dear Mr. President: Ursula M. Burns Xerox Corporation As CEOs of companies representing more than $7.3 trillion in annual revenues Kenneth I. Chenault and more than 16 million employees, we write to express our belief that the American Express Company United States will suffer significant negative economic, employment, and social David M. Cote consequences for going over the fiscal cliff. In many cases the damage will be Honeywell International, Inc. long-lasting, if not permanent. But it does not have to happen. Alexander M. Cutler Eaton Corporation We urge you to step forward and demonstrate that principled compromise is James Dimon JPMorgan Chase & Co. once again possible and that the American political system that underpinned the Michael T. Duke economic success of our nation and others can function as designed. For far too Wal-Mart Stores, Inc. long, political paralysis has fueled global uncertainty that discourages businesses Jeffrey R. Immelt from investing and hiring new workers. This paralysis must come to an end, and General Electric Company in a way that resists the temptation to declare winners and losers. Andrew N. Liveris The Dow Chemical Company We pledge our active support for a compromise that includes comprehensive Gary W. Loveman Caesars Entertainment Corporation and meaningful tax and entitlement reforms that result in market-credible Robert A. McDonald spending reductions and revenue growth. The deal should be a balanced The Procter & Gamble Company solution to the fiscal cliff and long-term deficit and debt issues. To address these Harold McGraw III challenges with the scale of response required, no options should be precluded The McGraw-Hill Companies from a potential solution. Douglas R. Oberhelman Caterpillar Inc. Compromise will require Congress to agree on more revenue – whether by Edward B. Rust, Jr. State Farm Insurance Companies increasing rates, eliminating deductions, or some combination thereof – and the administration to agree to larger, meaningful structural and benefit entitlement Randall L. Stephenson AT&T Inc. reforms and spending reductions that are a fiscally responsible multiple of Rex W. Tillerson increased revenues. By initiating these reforms simultaneously, and without Exxon Mobil Corporation undermining the broader reforms both parties believe should be pursued, you Maggie Wilderotter can rebuild the trust needed for our political system to function and the Frontier Communications Corporation confidence needed for businesses to invest in new factories, equipment, and employees. December 11, 2012 Page 2 For most of our careers, the American system of governance earned global respect and emulation. Politicians put aside partisan rancor and ideological purity to deal with major challenges. This was a significant asset for the country, a source of confidence with respect to investment, trade, and commerce. This hard‐won asset has been tarnished over time, albeit unintentionally. You now have an opportunity to turn political swords into governing plowshares. This opportunity must not be squandered. The U.S. economy has been stalled on the road to greater prosperity. We believe it is primed for strong and sustained expansion. American businesses know how to create jobs and compete in a diverse global market. We are poised and ready to do so if the conditions for growth are set in a comprehensive agreement on the fiscal cliff. When all is said and done Americans are interested in solutions. Winston Churchill once said that “Americans can be counted on to do the right thing after exhausting all other alternatives.” We just need to do so before it is too late. Sincerely, W. James McNerney, Jr. Andrew N. Liveris Chairman, President and CEO Chairman & CEO The Boeing Company The Dow Chemical Company David M. Cote Robert A. McDonald Chairman and Chief Executive Officer Chairman of the Board, President and CEO Honeywell International, Inc. The Procter & Gamble Company December 11, 2012 Page 3 Paul W. Jones Martin Richenhagen James M. Cracchiolo Chairman & CEO CEO, Chairman and President Chairman and Chief Executive Officer A. O. Smith Corporation AGCO Ameriprise Financial Enrique O. Santacana James L. Wainscott G. Steven Farris President and CEO Chairman, President & CEO Chairman & CEO ABB Inc. AK Steel Corporation Apache Corporation Miles D. White Klaus Kleinfeld John Eaves Chairman & Chief Executive Officer Chairman & CEO President & CEO Abbott Alcoa Arch Coal, Inc. Evan G. Greenberg Lee Styslinger III Randall L. Stephenson Chairman & CEO Chairman & Chief Executive Officer Chairman & CEO ACE Group Altec, Inc. AT&T Inc. Andrés R. Gluski Kenneth Chenault Carlos Rodriguez President and CEO Chairman & CEO President & CEO AES Corporation American Express ADP Mark T. Bertolini James G. Carlson Dean A. Scarborough Chairman, Chief Executive Officer Chairman, President and CEO Chairman, President & CEO and President Amerigroup Avery Dennison Corporation Aetna Inc. December 11, 2012 Page 4 Laurence D. Fink Denise M. Morrison Ronald L. Nelson Chairman and Chief Executive Officer President and Chief Executive Officer Chairman & CEO BlackRock Campbell Soup Company Avis Budget Group John A. Hayes Matthew K. Rose George S. Barrett President and CEO Chairman & CEO Chairman and CEO Ball Corporation BNSF Railway Cardinal Health Brian Moynihan Timothy M. Manganello Doug Oberhelman CEO Chairman and Chief Executive Officer Chairman and CEO Bank of America BorgWarner Inc. Caterpillar Inc. Brent Saunders Tom Schievelbein Robert Sulentic President & CEO Chairman, President and CEO President and CEO Bausch & Lomb Incorporated Brinks Company CBRE, Inc. Marijn E. Dekkers Maurice R. Greenberg Stephen R. Wilson CEO Bayer AG Chairman & CEO Chairman and CEO Bayer AG C. V. Starr & Co., Inc. CF Industries Holdings, Inc. Riley P. Bechtel Gary W. Loveman Lee A. McIntire Chairman and Chief Executive Officer Chairman, President & CEO CEO Bechtel Group, Inc. Caesars Entertainment CH2M HILL Companies, LTD. December 11, 2012 Page 5 Aubrey K. McClendon Wendell Weeks Clarence Otis CEO Chairman & CEO Chairman and Chief Executive Officer Chesapeake Energy Corporation Corning Incorporated Darden David M. Cordani Eric C. Fast Kent J. Thiry President & Chief Executive Officer President and Chief Executive Officer Chairman & CEO Cigna Corporation Crane Co. DaVita HealthCare Partners Inc Michael Corbat J. Michael Lawrie Samuel R. Allen CEO President & Chief Executive Officer Chairman & C.E.O. Citigroup Inc. CSC Deere & Company Francisco D'Souza Michael Ward Michael Dell CEO Chairman, President and CEO Chairman and CEO Cognizant CSX Dell Inc. Brian L. Roberts Tom Linebarger Michael D White Chairman Chairman and Chief Executive Officer Chairman & CEO Comcast Corporation Cummins Inc. DIRECTV, Inc. Andrea J. Ayers Larry Merlo James E. Rogers President and CEO President & CEO Chairman, President & CEO Convergys Corporation CVS Caremark Duke Energy Corporation December 11, 2012 Page 6 Pierre Brondeau Ellen Kullman George Paz Chairman, President and CEO Chair of the Board & CEO Chairman & CEO FMC Corporation DuPont Company Express Scripts Holding, Inc. James P. Rogers Rex W. Tillerson Richard C. Adkerson Chairman & CEO Chairman and CEO President and CEO Eastman Chemical Company Exxon Mobil Corporation Freeport-McMoRan Copper & Gold Frederick W. Smith Alexander M. Cutler Maggie Wilderotter Chairman & CEO Chairman and CEO Chairman & CEO FedEx Corporation Eaton Corporation PLC Frontier Communications Corporation John C. Lechleiter William L. McComb Gracia Martore Chairman, President and CEO Chief Executive Officer President and CEO Eli Lilly and Company Fifth & Pacific Companies, Inc. Gannett Joseph M. Tucci James A. Hughes Jeffrey R. Immelt Chairman and CEO Chief Executive Officer Chairman & CEO EMC Corporation First Solar General Electric Company David F. Melcher David T. Seaton Lloyd C. Blankfein CEO and President Chairman and Chief Executive Officer Chairman & CEO Exelis Inc. Fluor Corporation The Goldman Sachs Group, Inc. December 11, 2012 Page 7 James T. Ryan Mark P. Frissora Alex Gorsky Chairman, President, and CEO Chairman & CEO Chief Executive Officer W.W. Grainger, Inc. Hertz Global Holdings, Inc. Johnson & Johnson Stephen Chipman Michael McCallister Stephen A. Roell Chief Executive Officer Chairman & CEO Chairman and CEO Grant Thornton LLP Humana Inc. Johnson Controls, Inc. Dinesh C. Paliwal Mike Lamach Jamie Dimon Chairman, President & CEO President and Chief Executive Officer Chairman and Chief Executive Officer Harman International Industries, Inc. Ingersoll Rand JPMorgan Chase & Co William M. Brown John Faraci Carl Camden President and Chief Executive Officer Chairman and CEO President & CEO Harris Corporation International Paper Kelly Services, Inc. Liam E. McGee Joseph L. Welch Paul J. Diaz Chairman, President & CEO Chairman, President and CEO Chief Executive Officer The Hartford ITC Holdings Corp. Kindred Healthcare Brian Goldner Denise Ramos John B. Veihmeyer President & CEO Chief Executive Officer and President Chairman and CEO Hasbro, Inc. ITT Corporation KPMG December 11, 2012 Page 8 David H. Long John Hammergren Thomas C. Nelson President & CEO Chairman and CEO Chairman, President & CEO Liberty
Load more

Recommended publications
  • Striving for Anti-Racism: a Beginner's Journal!
    Striving For Anti-Racism: A Beginner’s Journal BY BEYOND THINKING Special Thanks Anti-racism work does not happen in a vacuum. This journal would not be possible without the brilliance of Jennifer Wong, Karimah Edwards, Kyana Wheeler, Lauren Kite, and Cat Cuevas. Jennifer Wong, Creative Designer Attorney, and also the love of my life (!) Karimah Edwards, Editor Hummingbird Cooperative Kyana Wheeler, Anti-Racist Consultant and Advisor Kyana Wheeler Consulting Lauren Kite, Anti-Racist Consultant and Advisor Cat Cuevas, Anti-Racist Consultant and Advisor Table of Contents Introduction .................................................................................4 How to Use This Journal........................................................ 7 I. WORKSHEETS & RESOURCES ................................. 9 Values ........................................................................................10 Emotions ................................................................................. 12 Racial Anxiety Self-Assessment (Round 1) .......14 Biases ........................................................................................ 16 Cultural Lenses ................................................................... 17 Privileges .................................................................................18 Privilege Bingo.................................................................... 19 Microaggressions .............................................................20 Common Forms of Resistance ..............................
    [Show full text]
  • Printmgr File
    BERKSHIRE HATHAWAY INC. 3555 Farnam Street Omaha, Nebraska 68131 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS May 1, 2021 TO THE SHAREHOLDERS: Notice is hereby given that the Annual Meeting of the Shareholders of Berkshire Hathaway Inc. will be held on May 1, 2021 at 5:00 p.m. Eastern time. Due to the COVID-19 pandemic, the Annual Meeting will be held in a virtual format only to provide a safe experience for our shareholders and employees. Items of Business: 1. To elect directors. 2. To act on two shareholder proposals if properly presented at the meeting. 3. To consider and act upon any other matters that may properly come before the meeting or any adjournment thereof. The Board of Directors has fixed the close of business on March 3, 2021 as the record date for determining the shareholders having the right to vote at the meeting or any adjournment thereof. A list of such shareholders will be available for examination by a shareholder for any purpose germane to the meeting during ordinary business hours, during the ten days prior to the meeting. You are requested to date, sign and return the enclosed proxy which is solicited by the Board of Directors of the Corporation and will be voted as indicated in the accompanying proxy statement and proxy. A return envelope is provided which requires no postage if mailed in the United States. If mailed elsewhere, foreign postage must be affixed. At 1:30 p.m. Eastern time, a Question and Answer period will commence. The Question and Answer period will last until 5:00 p.m.
    [Show full text]
  • In the Court of Chancery of the State of Delaware Karen Sbriglio, Firemen’S ) Retirement System of St
    EFiled: Aug 06 2021 03:34PM EDT Transaction ID 66784692 Case No. 2018-0307-JRS IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE KAREN SBRIGLIO, FIREMEN’S ) RETIREMENT SYSTEM OF ST. ) LOUIS, CALIFORNIA STATE ) TEACHERS’ RETIREMENT SYSTEM, ) CONSTRUCTION AND GENERAL ) BUILDING LABORERS’ LOCAL NO. ) 79 GENERAL FUND, CITY OF ) BIRMINGHAM RETIREMENT AND ) RELIEF SYSTEM, and LIDIA LEVY, derivatively on behalf of Nominal ) C.A. No. 2018-0307-JRS Defendant FACEBOOK, INC., ) ) Plaintiffs, ) PUBLIC INSPECTION VERSION ) FILED AUGUST 6, 2021 v. ) ) MARK ZUCKERBERG, SHERYL SANDBERG, PEGGY ALFORD, ) ) MARC ANDREESSEN, KENNETH CHENAULT, PETER THIEL, JEFFREY ) ZIENTS, ERSKINE BOWLES, SUSAN ) DESMOND-HELLMANN, REED ) HASTINGS, JAN KOUM, ) KONSTANTINOS PAPAMILTIADIS, ) DAVID FISCHER, MICHAEL ) SCHROEPFER, and DAVID WEHNER ) ) Defendants, ) -and- ) ) FACEBOOK, INC., ) ) Nominal Defendant. ) SECOND AMENDED VERIFIED STOCKHOLDER DERIVATIVE COMPLAINT TABLE OF CONTENTS Page(s) I. SUMMARY OF THE ACTION...................................................................... 5 II. JURISDICTION AND VENUE ....................................................................19 III. PARTIES .......................................................................................................20 A. Plaintiffs ..............................................................................................20 B. Director Defendants ............................................................................26 C. Officer Defendants ..............................................................................28
    [Show full text]
  • KAREN SBRIGLIO, Derivatively on Behalf Of
    EFiled: Apr 25 2018 12:41PM EDT Transaction ID 61956909 Case No. 2018-0307- IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ________________________________ : KAREN SBRIGLIO, derivatively on : behalf of Nominal Defendant : FACEBOOK, INC., : : Plaintiff, : : v. : C. A. No. : MARK ZUCKERBERG, SHERYL : SANDBERG, MARC ANDREESSEN, : ERSKINE B. BOWLES, SUSAN : DESMOND-HELLMANN, REED : HASTINGS, JAN KOUM, PETER A. : THIEL, : : Defendants, : : - and – : : FACEBOOK, INC., : : Nominal Defendant. : _______________________________ : VERIFIED STOCKHOLDER DERIVATIVE COMPLAINT Of Counsel: Thaddeus J. Weaver (Del. Id. 2790) Catherine Pratsinakis (Del. Id. 4820) DILWORTH PAXSON LLP DILWORTH PAXSON LLP One Customs House 1500 Market Street, Suite 3500E 704 King Street, Suite 500 Philadelphia, PA 19102 Wilmington, DE 19801 (215) 575-7013 (telephone) (302) 571-8867 (telephone) [email protected] [email protected] Counsel for Plaintiff Karen Sbriglio 120134549_1 TABLE OF CONTENTS SUMMARY OF THE ACTION ................................................................................ 1 JURISDICTION AND VENUE ................................................................................ 8 PARTIES.................................................................................................................... 9 DEFENDANTS’ OBLIGATIONS AS OFFICERS AND DIRECTORS OF FACEBOOK ............................................................................................................14 FACEBOOK’S LEGAL OBLIGATIONS TO PROTECT USER PRIVACY AND DATA
    [Show full text]
  • Kenneth I. Chenault Chairman and Managing Director, General Catalyst Former Chairman and CEO, American Express ______
    The Economic Club of New York 113th Year 575th Meeting ______________________________________________ Kenneth I. Chenault Chairman and Managing Director, General Catalyst Former Chairman and CEO, American Express ______________________________________________ December 8, 2020 Webinar Moderator: Marie-Josée Kravis Chair Emerita, The Economic Club of New York Senior Fellow, Hudson Institute The Economic Club of New York – Kenneth I. Chenault – December 8, 2020 Page 1 Introduction Welcome everyone. Thank you for joining us today. This is Barbara Van Allen, President of the Club. And we are going to get started in exactly one minute. Vice Chairman Michael O’Neill Good morning, and welcome to the 575th meeting of The Economic Club of New York in our 113th year. I’m Mike O’Neill, Vice Chair of the Club. The Economic Club of New York is one of the nation’s leading forums for discussion on economic, social and political issues. Before we begin, I’d like to thank our healthcare workers, our frontline workers and all those in public positions that make our lives safer and easier during this difficult time. Our club’s mission is as important today as ever as we continue to bring people together as a catalyst for conversation and innovation. Particularly during these challenging times, we proudly stand with all communities seeking inclusion and mutual understanding. To put these words into action, the Club kicked off its Focus on Racial Equity Series where we have been leveraging our platform to bring together prominent thought leaders to help us explore and better understand the various dimensions of racial inequity and to highlight strategies, best practices and resources that the business community can use to be a force for change.
    [Show full text]
  • Effectively Managing Employees to Get Results in a Diverse Workplace Such As American Express
    Journal of Business Studies Quarterly 2015, Volume 7, Number 1 ISSN 2152-1034 Effectively Managing Employees to Get Results in a Diverse Workplace such as American Express Valerie Alexander, Colleen Havercome, and Bahaudin G. Mujtaba Nova Southeastern University Abstract Diversity in the modern workplace is not just a reality, but it is also necessary for competitive advantage. The purpose of this paper is to explore the concept of diversity in an organization and to outline the overall benefits of effectively managing employees to get results in a diverse workplace at American Express Corporation. This paper will elaborate on managing diverse strategies, managerial theories, structures and strategies, the consequences of ignoring diversity, diversity training, and recommendations. Keywords: Workplace Diversity, Managing Diversity, Management Theories, Management Practices, Employees. Introduction In today’s global environment, the workplace is a diverse melting pot of different cultures where one must learn to accept, understand and celebrate the differences of other people values, age, religious beliefs, gender, ethnicity, sexual orientation, educational background, and physical abilities. The subject of diversity requires one to examine one’s own beliefs and values and to learn the skills of dealing with those whose beliefs and values which are different from our own. The subject of diversity can be overwhelming, emotional and powerful for most who deals with it directly or indirectly (Mujtaba, 2010). Diversity issues in the workplace are now considered crucial and are likely to increase due to cultural differences. Therefore, organizations need to focus on diversity and to look for ways in which to become more flexible and work together in an inclusive environment.
    [Show full text]
  • Filed: New York County Clerk 03/20/2015 11:06 Am Index No
    FILED: NEW YORK COUNTY CLERK 03/20/2015 11:06 AM INDEX NO. 650866/2015 NYSCEF DOC. NO. 1 RECEIVED NYSCEF: 03/20/2015 SUPREME COURT OF THE STATE OF NEW YORK Index No.: COUNTY OF NEW YORK SUMMONS -----------------------------------------------------------------------)( BOB H. LANKFORD, TRUSTEE UNDER THE Plaintiff designates NEW ELIZABETH H. LANKFORD BYPASS TRUST YORK County as the place of AGREEMENT DATED 9/18/1998, derivatively on trial. behalf of AMERICAN E)(PRESS COMPANY, The basis of venue is: Plaintiff, Nominal Defendants -against- Principal Place of Business KENNETH I. CHENAULT, JEFFREY C. CAMPBELL, DANIEL T. HENRY, CHARLENE BARSHEFSKY, URSULA M. BURNS, PETER CHERNIN, THEODORE J. LEONSIS, ANNE MARIE ALICE LAUVERGEON, SAMUEL J. PALMISANO, STEVENS. REINEMUND, EDWARD D. MILLER, RICHARD A. MCGINN, JAN LESCHLY, DANIELL. V ASELLA, ROBERT D. WALTER, DANIEL F. AKERSON, and RONALD A. WILLIAMS, Defendant. and AMERICAN E)(PRESS COMPANY, Nominal Defendant. --------------------------------------------------------------------)( To the above named Defendants You are hereby summoned to answer the complaint in this action, and to serve a copy of your answer, of if the complaint is not served with this summons, to serve a notice of appearance on the Plaintiffs' attorneys within twenty days after the services of this summons exclusive of the day of service, where service is made by delivery upon you personally within the state, or within 30 days after completion of service where service is made in any other manner. In case of your failure to appear or answer, judgment will be taken against you by default for the relief demanded in the complaint. DATED: Chestnut Ridge, New York March 18,2015 Gary S.
    [Show full text]
  • Amer. Expressnyse-Axp
    RECENT P/E Trailing: 18.4 RELATIVE DIV’D VALUE AMER. EXPRESS NYSE-AXP PRICE 95.52RATIO 16.2()Median: 14.0 P/E RATIO 0.79YLD 1.5% LINE TIMELINESS 3 Raised 10/27/17 High: 62.5 65.9 52.6 42.3 49.2 53.8 61.4 90.8 96.2 93.9 75.7 96.1 Target Price Range Low: 49.7 50.4 16.5 9.7 36.6 41.3 47.4 58.3 78.4 67.6 50.3 74.7 2020 2021 2022 SAFETY 1 Raised 8/14/15 LEGENDS 13.0 x Earnings p sh D TECHNICAL Raised 8/4/17 .... Relative Price Strength 160 3 Options: Yes BETA 1.10 (1.00 = Market) Shaded area indicates recession 120 100 2020-22 PROJECTIONS 80 Ann’l Total Price Gain Return 60 High 115 (+20%) 6% 50 Low 90 (-5%) Nil 40 Insider Decisions 30 DJFMAMJJA to Buy 001000000 20 Options 3132000022 15 to Sell 411002031 % TOT. RETURN 10/17 Institutional Decisions THIS VL ARITH.* STOCK INDEX 4Q2016 1Q2017 2Q2017 Percent 30 to Buy 527 481 485 1 yr. 46.1 21.4 shares 20 3 yr. 11.5 27.5 to Sell 596 629 610 traded 10 Hld’s(000) 751298 795365 780289 5 yr. 82.9 92.9 On November 14, 2008, American Ex- 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 © VALUE LINE PUB. LLC 20-22 press became a bank holding company un- 3.39 2.48 1.54 3.35 4.09 4.40 4.88 5.56 5.39 5.65 5.80 6.35 Earnings per sh A 7.90 der the BHC Act subject to the supervision .63 .72 .72 .72 .72 .78 .86 .98 1.10 1.22 1.28 1.35 Div’ds Decl’d per sh B■ 1.80 and examination by the Federal Reserve of 9.52 10.21 12.09 13.56 16.15 17.09 18.32 20.21 21.33 22.68 25.30 27.80 Book Value per sh 36.15 the United States.
    [Show full text]
  • Opening the Door Leonard Stern’S New York City Scholarship Helps Fulfill NYU Founder Albert Gallatin’S Vision
    SternBzSpring Final Spreads_UG_Layout 6 5/1/15 12:58 PM Page 3 SPRING 2015 RG. Office of Public Affairs d 44 West Fourth Street, Suite 10-160 the Alumni Magazine of NYU Stern New York, NY 10012 sity STERNbusiness Opening the Door Leonard Stern’s New York City Scholarship helps fulfill NYU founder Albert Gallatin’s Vision Pankaj Ghemawat leads Stern’s new global research center ■ JetBlue’s Robin Hayes on the airline industry ■ Wall Street stars come to campus ■ John Fayerweather expanded Stern’s boundaries SternBzSpring Final Spreads_UG_Layout 6 5/1/15 12:58 PM Page 4 a letter fro m the dean NYU recently earned an impor- both virtual and in-person engagement. Andre, the second tant distinction, attaining first place among three Koo generations to attend Stern, sat down with us among leading US colleges and uni- to share his thoughts (page 6). versities ranked by the Institute of Of course students benefit in profound ways from their inter- International Education (IIE) for both the number of interna- actions with our faculty, who continue to distinguish themselves tional students hosted and the number of American students sent with notable research. In this issue, we sample three recent pa- to study abroad. The Stern School shares proudly in this success. pers that highlight the human side of organizations. Lisa Leslie, At Stern we know we are at the forefront of global education, Gavin Kilduff, and Becky Schaumberg each focus on various as- boasting our own offshore programs and unparalleled leadership pects of human behavior and its impact on how groups handle when it comes to research on globalization.
    [Show full text]
  • America's America's
    FEATURING: DEALS OF THEYEAR; THE 2004 DERIVATIVES LEADERS JANUARY 2004 TEACHERS’ BET Allison readies his bold lesson plan for TIAA-CREF Plus: BAER MARKET POWER PLAYER Swiss banks are rolling in riches Can Galateri restore Mediobanca’s glow? GROWING PAINS Access doesn’t spell success for EU states COMCAST CEO BRIAN ROBERTS Why do John Chambers, AMERICA’S GeorgeDavid, Michael Dell, Richard Kovacevich, Reuben Mark, Henry McKinnell, BEST Lee Raymond, Dennis Reilley and BrianRoberts all click with investors? See inside CEOS for our exclusive rankings COVERBAND STORYTK INSTITUTIONAL INVESTOR MONTH 2003 HeadTHE univers 55 65/70pt BESTDeck Agaramomd plain 19/21ptsCEOS By lineIN AgaramondA bold 14/21ptMERICA T By Justin Schack Sure, higher earnings and a rising stock price matter most. But in grading CEOs investors also care a lot more than they used to about good governance, as our second annual survey reveals. ometimes good guys finish first. That’s certainly the case right now with chief executive officers. Investors, having lost billions on En- ron Corp., WorldCom, Adelphia Communications Corp., HealthSouth Corp. and other highfliers that Stanked following executive-suite shenanigans, still demand solid growth. But they also want to be sure that the CEOs they invest with don’t play fast and loose with the rules. That point was driven home dramatically last year at the epicenter of American capitalism: the New York Stock Exchange. The Big Board’s own CEO, Richard Grasso, may not have had his hand in the till like some other corporate malefactors, but he did extend it pretty deep into the exchange’s pockets.
    [Show full text]
  • R Executive Excess 2012
    About the Authors Co-authors: Sarah Anderson directs the Global Economy Project at the Institute for Policy Studies. She co-authored the 19 previous IPS annual reports on executive compensation. Scott Klinger, an Institute for Policy Studies associate fellow, began his work on excessive executive pay in the mid-1990s when he crafted the first shareholder proposals on executive pay while working as a social investment portfolio manager. He is a CFA charterholder. Sam Pizzigati, an IPS associate fellow, is the author of The Rich Don’t Always Win: The triumph over plutocracy that created the American middle class (Seven Stories Press). He also edits Too Much, the IPS online weekly on excess and inequality, and writes a weekly column distributed nationally by the Institute's OtherWords editorial service. Researchers: Javier Rojo, IPS New Mexico Fellow; Anthony Bucci III, intern; and Emily Rose Swift, intern. Advisors: John Cavanagh, IPS Director Chuck Collins, an Institute for Policy Studies senior scholar, directs the IPS Program on Inequality and the Common Good. Acknowledgements: We are indebted to Charlie Cray, Research Specialist at Greenpeace, and Vineeta Anand, Chief Research Analyst in the AFL-CIO’s Office of Investment, for providing valuable comments on drafts of this report. We also wish to thank Emily Schwartz Greco, Managing Editor of the IPS editorial service OtherWords, for careful proofreading. Design: Bethany Wong (infographics) and Emily Norton (cover). The Institute for Policy Studies (IPS-dc.org) is a community of public scholars and organizers linking peace, justice, and the environment in the United States and globally. We work with social movements to promote true democracy and challenge concentrated wealth, corporate influence, and military power.
    [Show full text]
  • American Express Fall 2017 Investor Presentation Business, Governance & Executive Compensation Overview American Express Business Model
    American Express Fall 2017 Investor Presentation Business, Governance & Executive Compensation Overview American Express Business Model Assets Capabilities Relationships Trusted Brand Marketing / Sales Diverse Customers Premium Positioning Risk Management Merchants Channels Data Analytics Corporate Clients Closed Loop Data and Information Servicing Business Partners Travel Network Rewards GNS Partners Processing Infrastructure Partnering Expense Leverage 2 Progress on Strategic Plan: From Transition to Growth We have built momentum across our diverse businesses and we seek to drive long- term growth through our priorities and financial model Strategic Priorities Financial Growth Drivers Accelerate Growth Businesses Revenue Growth OpEx Leverage Optimize Investments Capital Strength Reset Cost Base EPS Growth 3 Strong Year-Over-Year Performance Across Key Financial Metrics Demonstrates Progress on Transition AXP Worldwide Adjusted Billed Business Growth Loan Growth ($b)3 % Increase/(decrease) vs. Prior year: 10% 14% YoY Growth 8% 8% 8% 8% 7% 7% $70.2 6% $61.8 4% Q3'16 Q3'17 2% Adj. Operating Expenses ($m)4 1% 0% 0% Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 -2% $2,717 4% YoY Decrease -3% -3% -4% $2,608 2 Total (FX-Adj.)1 Adjusted Total Q3'16 Q3'17 1 FX-adjusted information assumes a constant exchange rate between the periods being compared for purposes of currency translation into U.S. dollars (i.e., assumes Q3’17 foreign exchange rates apply to Q3’16 results) 2 Excludes Costco cobrand card billed business (in-store and out-of-store) and billed business on other (non-Costco cobrand) American Express cards at Costco in the U.S.
    [Show full text]