Weekly News from COBRT - February 26, 2019
LEADERSHIP. REACH. RESULTS.
February 26, 2019

The challenge for small and midsize businesses in 2019 is figuring out how to maintain growth in the face of a potential slowdown. CEOs and business owners face critical decisions in a volatile economy. This report delves into their top priorities, key decisions and investments. Download the report to learn major decisions facing CEOs, level of confidence in the economy, top investment expenditures, and other key projections and actionable recommendations. 

The head of the Colorado Petroleum Council is leaving to become the top executive of a new oil and gas organization connecting oil companies and communities around Texas' booming Permian Basin. Tracee Bentley, executive director and founding leader of the CPC, is stepping down after three years in the post. On March 18, she becomes CEO of the Permian Strategic Partnership, a collaboration started last year by 20 domestic oil producers working in the giant oil field of West Texas to improve the area's quality of life. 

Business Roundtable will present its priorities for national consumer privacy legislation at a hearing of the House Energy and Commerce Subcommittee on Consumer Protection and Commerce set for Tuesday, February 26. Denise Zheng, Vice President, Technology, will testify at the hearing, "Protecting Consumer Privacy in the Era of Big Data," highlighting the recommendations made in the Business Roundtable "Framework for Consumer Privacy Legislation," released in December 2018. The framework calls for a federal consumer privacy law that provides one consistent set of requirements to replace the existing patchwork of state privacy laws.

Business Roundtable and six other business associations have filed an amicus brief petitioning the U.S. Supreme Court to grant certiorari in Putnam Investments, LLC v. Brotherston, a case with significant implications for companies that offer employer-sponsored retirement plans. At issue is who must demonstrate causation of loss and how loss itself can be proven in an ERISA breach of fiduciary duty claim. The First Circuit joined an ongoing split among circuit courts by holding that defendants, not plaintiffs, are required to bear the burden of proving loss causation. The First Circuit also held that with respect to the initial demonstration of loss, index funds were an appropriate comparator against which to measure the performance of an actively managed investment portfolio offered under the ERISA plan. The brief argues the First Circuit's standard for measuring loss, along with its placing the initial burden of disproving loss causation on defendants, encourages litigation and forum shopping and will discourage companies from offering 401(k) retirement plans. (See also Scotusblog case page.)

MEMPHIS, Tenn., February 19, 2019-FedEx Corp. (NYSE: FDX) today announced the launch of its seventh annual Small Business Grant Contest. This year, the contest offers grants and services to ten U.S. based small businesses, distributing a collective prize pool of $220,500-the largest sum since the contest was established in 2012. In addition to the grants, winners will also receive an additional dollar amount in credit to use towards FedEx Office print and business services to help run their businesses, as well as packages designed to help them with website optimization, design thinking, social media, and print expertise.

C-Level @ A Mile High is where Colorado tech companies can go beyond networking,
do business and build lasting relationships. Colorado Technology Association (CTA) gathers top tech CXOs in Colorado for an opportunity for businesses of all sizes to bid on their time and
follow up on project opportunities. The best part? The funds raised go directly back into our state's technology industry through the work CTA does year-round in talent, advocacy,
community and economic development.

Join Steve White, the President of Comcast - West Division, over an intimate fireside chat as he shares the inside story of his triumphs, challenges and lessons learned on his journey to the top. This free event will be held at CU South Denver on March 7 and includes a networking opportunity, CEO presentation, Q&A session and more.

Listen at KDMT 1690 AM Denver's Money Talk from 
4-5 p.m. Monday through Friday or  live stream online. Podcasts are available at  http://www.cobrt.com/radio-podcast and on your favorite podcast app the day after live airing.

Stream or Download These Recent Episodes

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Aerospace Day at the Capitol - Citizens for Space Exploration

03/12/19
Colorado Gives A Damn- Colorado Business Roundtable

03/14/19
C-Level @ A Mile High - Colorado Technology Association

03/19/19
Moving CO Forward - Colorado Business Roundtable

04/11/19
State of Higher Education Forum - Colorado Business Roundtable 

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