Peter Georgescu @PeterGeorgescu
Chairman emeritus and former CEO of @YoungRubicam, author of #CapitalistsArise!, Director at @JustCapital, Vice Chairman Emeritus at @nyphospital petergeorgescu.com NY, Palm Beach, Chautauqua Joined September 2010-
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Too many people misunderstand the basic principles of stakeholder #capitalism, suggesting it focuses on society issues like climate change and DEI efforts at the expense of profits. In my latest column for @Forbes, I debunk those myths. bit.ly/3RE3k3J
Sad news in recent poll from @AP -- Americans say household expenses exceed earnings in 2023. Another slap at America's #Middleclass. bit.ly/46nuC3B
A new study from @Deloitte shows that 84% of leaders plan to focus employee #wellness , but reports that 6 disconnects are standing in the way. This is where corporate America must focus -- on the #workers that have made our country strong. bit.ly/47GwpSi
The compensation #crisis in America is rife -- with #workers pushing for fair compensation. Meantime, the Fed remains concerned about wages outpacing inflation. I take a deep dive into how we got here in my latest column for @Forbes forbes.com/sites/justcapi…
Wise words from @FrancesFrei in a piece for @HarvardBiz . "If your operations depend on people continuously going above and beyond, then be prepared to work much harder to find these magical creatures and reward them with outsize compensation." bit.ly/474VVRE
I have spent the past 20 years fighting #incomeinequality and pushing for a better form of #capitalism. So happy to see a robust offering of forthcoming books on the subject which the @nytimes says economists have "all but ignored." Let's not ignore. bit.ly/3u9iBRS
.@PaulTudorJones1, director of @JustCapital, issued a wake up on call on @SquawkCNBC recently, warning that Americas may be headed for the biggest fiscal crisis since WWII. I wholeheartedly agree. We need a better version of #capitalism. bit.ly/49j0hpD
An "excellent, accessible overview of socioeconomic trends over the last decades and what they bode for the future" says @KirkusReviews of @DLeonhardt's new book, Ours Was The Shining Future. A must read for anyone concerned about our country's future. bit.ly/40eSDZd
An illuminating chart and analysis from @nytimes on income inequality and education. Don't miss it. bit.ly/46H58PM
A piece in the @nytimes suggests that companies may be underestimating the leverage of #workers, as labor disputes continue to make daily headlines. Workers should be paid for the value they create and they are clearly tired of waiting. bit.ly/3SjjkKD
American public #education is nothing short of disastrous, except in rich neighborhoods where real estate taxes are higher. A piece in the @nytimes on how the U.S. Department of Defense ran schools during the #pandemic may be part of the solution. bit.ly/3PNz4SZ
A recent @WSJ recent study suggests that America's faith in values is dwindling. I take a closer look at the figures in my recent column for @Forbes forbes.com/sites/justcapi…
A depressing statistic in a new report from @uscensusbureau @RutgersU and @Princeton. 25% of Black babies and toddlers in rental homes are likely to face eviction and all American children are at risk. The @nytimes reports. bit.ly/3ttuj9y
Companies must optimize their relationship with each #stakeholder. That means finding the right balance between the interest of the stakeholder and that of the company. Good judgement must come into play. @WSJ explores the issue in a special section. bit.ly/3tiJQt7
The #GovernmentShutdown has been averted, but trouble is still afoot, particularly for America's middle class. @YahooFinance points to the possibility of missed #paychecks and more #layoffs. bit.ly/46zUn10
"The median American household needed 44% of its income to cover annual payments on a median-priced home as of July," says the Atlanta Fed. @WSJ has a series of charts eye-opening chart that lay bare the reality of higher interest rates. bit.ly/3PuGzhu
A new @McKinsey study shows that over 50% of U.S. #Workers say they are underproductive, costing a midsize Fortune 500 company between $228 and $355 million a year. The number ONE reason for cited for worker #disengagement? Inadequate compensation. bit.ly/3sVvgY1
Standard of living for #Americans fell in 2022 for the third straight year. We must pay #workers for the value they create, not the minimum that's allowed. bit.ly/48iUgJa
There was appalling news in a report released yesterday by the @uscensusbureau which shows that #poverty in the U.S. rose in 2022. The hardest hit are children -- the poverty rate for the young more than doubled. bit.ly/3Zir1lA
In a mid-year snapshot of how the #Russell1000 companies are serving the public, @JustCapital provides transparency on what's getting DONE. I'm encouraged that 8 companies raised #wages. Any progress after 40 years of flat wages, is progress. bit.ly/466G9Vf
JUST Capital @JustCapital
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🎉 STOLEN FOCUS by @johannhari101 is the 2022 Porchlight Business Book of the Year! 🎉 “[Hari] makes clear, we can renew our imaginations and inspire our collective energies to fight for the common good.” Congratulations! #PLBBA22 #WeBelieveInBooks bit.ly/plbba22boty
🎊 IT’S HERE! The 2022 Porchlight Business Book Awards Shortlist! 🎊 Our editorial team has selected the following eight titles as the best in their categories and finalists for the #PLBBA22 Book of the Year → bit.ly/plbba22SL
#Masonnation, our first Roundtable speaker @PeterGeorgescu, wrote a very interesting article in relation to Multi-Stakeholder Capitalism. @B4BWMason @GeorgeMasonNews Find out more 👇📝: boardmember.com/boards-of-dire…
Thank you @PeterGeorgescu for this insightful article in @Forbes on the democratization of education through digital learning. We're committed to reaching as many students as possible with our @EVERFI offerings, connecting social impact & education. blkb.co/3y3wVvs
@PeterGeorgescu A White Immigrant’s View Of #Racism In America via @Forbes forbes.com/sites/petergeo…
More on @PeterGeorgescu’s vision of a free enterprise system that truly fosters inclusive growth. thephiladelphiacitizen.org/pete-georgescu…
🎉Congratulations🎉 to November's #1 bestselling business book! Play Nice But Win: A CEO's Journey From Founder to Leader by @MichaelDell, @portfoliobooks View the full #bestsellers list → bit.ly/3rxwC8B
Tomorrow October 14th, catch @JudySamuelson speaking at the 2021 #GlobalIGS led by @CNTR4growth and @AspenInstitute to catalyze solutions for more inclusive and sustainable economies. Featuring VP Kamala Harris! Register now: bit.ly/36AC4fa
Times demand that capitalism in America adopt a governance that enables inclusive growth for all Americans. Why shareholders are not owners of the corporation and why that is so critically important on our path forward trib.al/uIhNIQ2
Those who had benefitted most from the evolution of American capitalism understood that they had a responsibility to preserve and maintain a collective order. @zacharykarabell @PeterGeorgescu time.com/6072132/americ…
Returning to reading #CapitalistsArise by @PeterGeorgescu, which for me hits the right note that access to opportunity is one key to sustainable systems. Lives funded by growing debt should be a phase for youngsters, not routine for ½ the population; leads to systemic imbalance.
As I've mentioned, the year before the 1st crash the only mention of the 737 in Boeing proxy was that its rush to market was ground for an executive bonus.
The toxic culture of #Shareholder primacy -- the damage that follows in its wake -- is clearly illustrated in the story surrounding @Boeing and the fatal crashes associated with its 737 aircraft. I tell this cautionary tale in my latest piece for @Forbes bit.ly/3bf7M3S
What a wonderful surprise to see our @BennettInst work picked up in @Forbes by @PeterGeorgescu, a friend, and mentor since my days at #ChautauquaInstitution @chq!
As fall approaches and the pandemic persists, #CorporateAmerica must put their people first. I talk about this and the inspiring @MatthewAgarwala in my latest column for @Forbes bit.ly/352XlPq
“Business Roundtable urges the House and Senate to redouble their efforts to work together and with the Administration on a legislative package to mitigate the health and economic impacts of the pandemic.” Full statement here: businessroundtable.org/brt-urges-cong…
Americans believe companies should prioritize #diversity, #equity, and #inclusion in the workplace. @justcapital_’s latest polling shows what actions Black Americans think are most important, including 89% prioritizing a #LivingWage: justcapital.com/news/the-ameri…
"The gap between wages for many jobs and the cost of sustaining a family continues to widen... For frontline, low-wage workers, it is difficult to meet even basic needs." -Liddy Romero (@WorkLife_CO), #AspenJobQuality Fellow aspeninstitute.org/longform/job-q…
.@PeterGeorgescu quoted in a @nytopinion piece on why #Capitalism isn't working and how our #MiddleClass has been left behind. @anupartanen and @TrevorCorson fled the US for Finland when the American system failed them. nyti.ms/2YwRlJf
For folks who read this article by @PeterGeorgescu in @Forbes and wondered if somebody HAS written a book about Spartanburg, we have published about 50!! hubcity.org/books/local bit.ly/357TeOX
Grateful to rediscover @PeterGeorgescu’s Capitalists Arise through Trish Hall. Reminder of the rhetorical power of Surprising Validators (see @CassSunstein, @JonHaidt) nytimes.com/2015/08/09/opi… (btw, check-out the date)