The cost of epidemics is expected to rise by $23.5 trillion over the next 30 years, as the rates of the such illnesses increase. The coronavirus has shown that such an epidemic halts business and can impact all parts of the company, from the supply chain to how employees work.
JPMorgan Chase & Co. announced that Chairman and CEO Jamie Dimon had to undergo emergency heart surgery. An emergency medical situation – or worse – impacting the person in the CEO role can forever damage a company, a scare that no board wants to deal with. But they can prepare, just in case.
The New York Times has reported that executives at Walgreens Boots Alliance asked consultants to remove findings from an internal report that included complaints from its employees. For a better way of making sure information isn’t hidden from the board, look towards this technology darling.
Global manufacturing is expected to feel the impact of the spread of the coronavirus — not the least because China is a far larger exporter than it was during the 2003 SARS virus outbreak, according to The Wall Street Journal.
Earlier this year, automotive giant Volkswagen found itself facing a regulatory investigation for the results of their diesel-emissions tests. For some, the ensuing negative headlines would have broken the company. Not so for VW, which has embraced the opportunity to learn from the experience, protect shareholder value and position itself for even better days. Recorded at DirectorCorps’ Avoiding the Corporate Crisis Conference on December 3, 2019 at the Nasdaq MarketSite in NYC.
Equifax became the poster child for cybersecurity disasters when hackers breached its systems in 2017, exposing the Social Security numbers of 146 million people, about half the U.S. population. Not only did its CEO and senior executives lose their jobs, the company paid a settlement with multiple agencies as high as $700 million.
Accounting missteps can reverberate throughout an organization. Mike Shmerling, chairman of Clearbrook Holdings, and Tony Klaich, Managing Partner at Crowe, discuss ways senior leadership can prevent mayhem.
December 11, 2019 M&A
Al Dominick speaks with Tom Michaud, President and CEO of Keefe, Bruyette & Woods, about emerging financial trends to get a fresh perspective on the state of banking in the United States.
Global trade wars are ramping up their damage to global economies, and it’s not just the tensions between the U.S. and China that are to blame.
In an August tweet, President Donald Trump said that, “our great American companies are hereby ordered to immediately start looking for an alternative to China,” adding that those companies would be better off without China. But despite all the rhetoric, American companies are hard pressed to ignore China’s 1.4 billion consumers.