COBRT - Your Pro-Business Advocate - Weekly News - September 24, 2019
LEADERSHIP. REACH. RESULTS.
September 24, 2019
Business Roundtable today elected Doug McMillon, President and Chief Executive Officer (CEO) of Walmart, the incoming Chairman. He will serve a two-year term starting January 1, 2020. McMillon will succeed Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., who began his tenure as Chairman on January 1, 2017 and will remain an active member of the Business Roundtable Board of Directors after his chairmanship ends, completing an extended three-year term on December 31, 2019. 

Adam Contos was a cop with an entrepreneurial bug that carried him to the top job with one of the world's largest franchisors. After 11 years in law enforcement, Contos was tapped by Re/Max co-founder Dave Linger to handle franchise developments across several regions. In 2015, he was promoted to senior vice president of marketing. And two years later, he was named co-CEO, alongside Liniger, of Denver-based Re/Max Holdings Inc. He's transforming the real estate franchise company with new technology that aims to make agents more productive and homebuyers more prone to open a Re/Max app instead of Zillow's. And he's also watching the quick expansion of a relatively new mortgage business line. 

The new Business Roundtable Statement on the Purpose of a Corporation has received a great deal of support, as well as questions and criticisms. We've welcomed the debate and the opportunity to engage both supporters and critics. There's no more challenging issue for our country than how to preserve our free market system while ensuring that the benefits of capitalism flow to every American. These challenges will occupy us for some time to come, but we believe our new Statement will give companies a stronger framework for doing their part to address them. 

Mr. Larry A Mizel, Doug Tisdale and South Metro Denver Chamber request the pleasure of your company at the fifth annual Chamber's Colorado Consular Corps Collaborative Celebration. This event is Wednesday, October 2nd from 5:30 pm to 7:30 pm at Lone Tree Arts Center. Tickets are $85. 

What do American workers and businesses need to be successful today? More jobs, higher paychecks, new opportunities in their communities, and access to the global market. If approved by Congress, the U.S.-Mexico-Canada Agreement - known as the USMCA - will deliver all of this for our country. The USMCA is a free trade agreement with our neighbors in Canada and Mexico that will bring wages, worker protections, and supply chains into the 21st century. This new agreement updates the 25 year-old North American Free Trade Agreement, NAFTA, to make it work for today's economy. 

This is your last chance to submit comments to the FAMLI Taskforce on Paid Family and Medical Leave in Colorado! The Colorado Department of Labor and Employment (CDLE) will collect comments from workers, business owners, organizations and community members to share with the FAMLI Taskforce to help inform their decision about the best paid leave program for the state of Colorado. This is the most pressing task over the next month and it is critical that we have a large volume of comments that touch upon the most important aspects of the policy.

The deadline to submit written comments is Wednesday, September 25, 2019. 

The Q3 2019 CEO Economic Outlook Survey released Wednesday showed declines in CEO plans for hiring and capital investment, and lowered expectations for sales over the next six months, reaching their lowest combined point since Q4 2016. Business Roundtable attributed the slippage to growing uncertainty due to U.S. trade policy, foreign retaliation and a lagging global economy. CEOs projected 2.3 percent GDP growth for the year, down from last quarter's estimate of 2.6 percent. Responding to a special question, CEOs confirmed negative effects from trade actions over the last 12 months, and President & CEO Joshua Bolten stressed the need for Congress to enact the USMCA. Beth Ford, President and CEO, Land O'Lakes, joined Jamie Dimon and Joshua Bolten in a media briefing, highlighting trade policy's impact on the agricultural sector.

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