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LEADERSHIP. REACH. RESULTS.
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During an earnings call in October 2018, then MillerCoors CEO Gavin Hattersley was discussing his plan to increase Coors Light sales when he said that the branding of the iconic beer - the brewery's No. 1 seller and the product that rebuilt Coors as an innovator in the late 1970s and early 1980s - "focused too much on Rocky Mountain lifestyle and not enough on what makes Coors Light unique as the world's most refreshing beer." Even with that comment, though, no one grasped at the time how much the man who nine months later would be named as the CEO of parent company Molson Coors Brewing Co. was moving away from the heritage of what is arguably Colorado's most iconic company. Come January, the Rocky Mountains will disappear not only as a branding tool but as the 146-year headquarters of the Coors brewing company.
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Colorado Business Roundtable is excited to announce our latest partner Farnsworth Group. We are excited to work with you. |
Colorado voters on Tuesday rejected a plan to increase funding for highway improvements for the third time in two elections, defeating a statewide referred measure that sought to end future tax refunds in years when the state collects too much revenue and put that money instead to transportation, K-12 and higher education.
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Proposition DD, the Colorado referred measure that would legalize and tax sports wagering in order to create a dedicated stream of funding for the Colorado Water Plan, held a very small lead as ballot-counting trudged late into the night Tuesday, leaving all bets off as to whether supporters who waged a high-priced campaign had been able to push it across the finish line to victory. The effort, which received wide bipartisan support in the Legislature, led by more than 13,000 votes out of roughly 1.36 million that had been counted as of 5 a.m. Wednesday, according to the Colorado Secretary of State's Office. Neither its organized proponents nor its scatter-shot group of opponents had issued any statements late on election night.
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As Colorado employers struggle with finding the right talent for open positions and the state tries to boost its high school graduation rate while simultaneously battling the increasing cost of college, one organization is plotting out the path toward getting students the work skills they need while they're still in high school.
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The new Business Roundtable Statement on the Purpose of a Corporation prompted continued high-level discussion this week, as CEOs explained the origins of the statement and potential impact on U.S. companies. In a CNBC interview in London Tuesday, Chairman Jamie Dimon, Chairman and CEO, JPMorgan Chase, called the statement "an evolution" that reflected corporate realities. (See video, transcript.) At a DealBook panel Wednesday, "Capitalism 3.0: Redefining Purpose," Andrew Ross Sorkin explored the statement in an interview with Ginni Rometty, Chairman, President and CEO, IBM, and Alex Gorsky, Chairman of the Board and Chairman and Chief Executive Officer, Johnson & Johnson (See video.) Business Roundtable President & CEO Joshua Bolten also cited the statement in introducing a panel on board diversity at Thursday's Breakfast of Champions sponsored by the Women's Forum of New York. (See video.) For additional coverage, click here.
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Business Roundtable on November 1 joined the Retail Litigation Center, Inc., the U.S. Chamber of Commerce and the National Association of Manufacturers in an amicus brief asking the Supreme Court to review CTIA v. City of Berkeley, on appeal from the Ninth Circuit. The brief in CTIA v. City of Berkeley supports a challenge by CTIA - The Wireless Association of a Berkeley, CA, ordinance requiring cell phone retailers to inform prospective purchasers that carrying a cell phone in certain ways may be unsafe. At issue in the case is the level of First Amendment scrutiny that should be applied to compelled commercial speech not required to prevent consumer deception. Business Roundtable believes the Ninth Circuit's legal standard could allow government more leeway to require companies to give notices without regard for the notice's accuracy. (See Scotusblog case page.)
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