Business corporations – SBS Internet Solutions http://www.sbs-internetsolutions.com/ Sat, 22 Jan 2022 18:14:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://www.sbs-internetsolutions.com/wp-content/uploads/2021/06/cropped-icon-32x32.png Business corporations – SBS Internet Solutions http://www.sbs-internetsolutions.com/ 32 32 What CEOs Are Really Saying When They Lash Out on ‘Woke’ America http://www.sbs-internetsolutions.com/what-ceos-are-really-saying-when-they-lash-out-on-woke-america/ Sat, 22 Jan 2022 16:37:00 +0000 http://www.sbs-internetsolutions.com/what-ceos-are-really-saying-when-they-lash-out-on-woke-america/ This week, when BlackRock CEO Larry Fink defended his company’s efforts to hold companies accountable for their environmental and social impact, he winked at his critics who accused him of imposing a Liberal program for businesses. “This is not a social or ideological program,” he wrote in his closely guarded annual letter to clients. “It’s […]]]>

This week, when BlackRock CEO Larry Fink defended his company’s efforts to hold companies accountable for their environmental and social impact, he winked at his critics who accused him of imposing a Liberal program for businesses.

“This is not a social or ideological program,” he wrote in his closely guarded annual letter to clients. “It’s not ‘woke’. It’s capitalism.”

Translation: Don’t be irritated by this benevolent approach, Wall Street – it’s just what’s good for business.

Certainly Fink, whose firm manages more than $10 trillion in assets, is not wrong: studies show that companies with strict environmental, social and governance standards tend to perform better financially over the long term. term.

ESG, or socially responsible investing, is a new lens through which companies can be assessed by evaluating them on non-financial metrics, such as their impact on the environment (the “E” in ESG). The social aspect concerns the relationships of companies with employees, suppliers and customers – not just shareholders. And governance encompasses how a company behaves on issues such as executive compensation, shareholder rights, leadership and even its own internal controls.

The message around ESG comes down to this: is doing the right thing valuable in itself, or only if it contributes to the bottom line?

“It’s a bit of both,” says Jon Hale, head of Americas sustainability research at Morningstar. “Sustainable investing… tries to improve companies by saying, ‘Hey, address your ESG issues that investors weren’t really pushing you to do. But also, let’s think about your impact more wide over the world.’ “

Redefining “awake”

Larry Fink is not alone. Elon Musk, despite running a wildly successful electric car company, has also denounced ‘waking up’ as a ‘false virtue’.

Part of the problem is how the term, which originated in black American English, was appropriated by white conservatives. Where staying “woke” once meant being mindful of societal injustices, conservatives now often use the term as a stick to denigrate progressive ideas about race, gender and the environment.

In this cultural and political context, it has become somewhat radical to suggest that companies should do the right thing simply because it is the right thing to do.

But just two years ago, Corporate America executives did just that. The Business Roundtable, America’s leading business advocacy group, broke with decades of tradition in 2019, declaring for the first time that companies must serve all stakeholders — not just shareholders — ethically, morally and fairly. .

In other words, companies should do the right thing because it’s right, not just because it’s good for business. And those who don’t like it can take a long walk.

That was Apple CEO Tim Cook’s message in 2014 when asked by a leading climate change denier group about Apple’s sustainability measures. In an exchange that turned heated, witnesses said, a representative from the conservative National Center for Public Policy Research think tank pressed Cook at a meeting to pledge to focus narrowly on profitability, even at the expense of goals. sustainability from Apple. In response, Cook, perhaps Silicon Valley’s softest CEO, got flustered and dismissed the question.

“When we’re working to make our devices accessible to the blind, I don’t consider the bloody return on investment,” Cook said. Later he added, “If you want me to do things just for ROI reasons, you should get out of this stock.”

Telling climate change skeptics to divest was a pretty bold move in 2014. Eight years later, Cook is unlikely to lose sleep taking the moral high ground: Apple has since grown into a $3 trillion company and Cook himself received nearly $100 million. in total compensation last year.

Just as investors’ obsessive focus on short-term gains helped shape the era of shareholder primacy, they will also play a key role in the transition to the era of stakeholder capitalism, according to Morningstar’s Hale.

“Today virtually every public company is concerned about their ESG performance in a way that it absolutely was not five years ago,” he told CNN Business. The standard is no longer just what companies can do legally, he said.

“If you create negative impacts on the world,” Hale added, “it negatively affects your brand.”

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Public Storage Announces Tax Treatment of 2021 Dividends http://www.sbs-internetsolutions.com/public-storage-announces-tax-treatment-of-2021-dividends/ Wed, 19 Jan 2022 00:31:00 +0000 http://www.sbs-internetsolutions.com/public-storage-announces-tax-treatment-of-2021-dividends/ GLENDALE, Calif.–(BUSINESS WIRE)–Public Storage (NYSE: PSA) today announced the tax treatment of the Company’s 2021 dividends. For the year ended December 31, 2021, distributions for PSA common stock and all different series of preferred stock were classified as follows: 2021 1st Trimester 2n/a Trimester 3rd Trimester 4and Trimester Ordinary dividends 94.5451% 94.5396% 94.5516% 94.5685% Capital […]]]>

GLENDALE, Calif.–(BUSINESS WIRE)–Public Storage (NYSE: PSA) today announced the tax treatment of the Company’s 2021 dividends. For the year ended December 31, 2021, distributions for PSA common stock and all different series of preferred stock were classified as follows:

2021

1st Trimester

2n/a Trimester

3rd Trimester

4and Trimester

Ordinary dividends

94.5451%

94.5396%

94.5516%

94.5685%

Capital gains distributions

5.4549%

5.4604%

5.4484%

5.4315%

Total

100.0000%

100.0000%

100.0000%

100.0000%

Ordinary dividends are not “eligible dividend income”.

For non-corporate shareholders, ordinary dividends are “eligible REIT dividends” in determining qualifying business income.

The percentage of the long-term capital gain that is an unrecaptured section 1250 gain is 2.4958%. Corporate shareholders subject to IRC §291 must treat 20% of the unrecovered gain from Section 1250 as ordinary income.

The entire capital gain is a Section 897 capital gain for foreign shareholders.

This release is based on the preliminary results of the work on the Company’s tax returns and is subject to correction or adjustment when the returns are completed. The Company is currently releasing information to assist those who are required to distribute Form 1099s on Company distributions. No significant change in classification is expected.

If you have any questions, please consult your tax advisor for further advice.

Company information

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that acquires, develops, owns and operates primarily self-storage facilities. As of September 30, 2021, we held: (i) interests in 2,678 self-storage facilities located in 39 states representing approximately 186 million net leasable square feet in the United States, (ii) a common interest of approximately 35% in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 247 self-storage facilities located in seven Western European countries with approximately 13 million net leasable square feet operated under the “Shurgard” brand and (iii) a approximately 42% common equity interest in PS Business Parks, Inc. (NYSE: PSB) which owned and operated approximately 28 million square feet of leasable commercial space as of September 30, 2021. Our headquarters are located in Glendale, California.

Additional information about public storage is available on the Internet. The Company’s website is PublicStorage.com.

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Treasury’s Yellen sees ‘a lot more work’ to bridge the racial divide http://www.sbs-internetsolutions.com/treasurys-yellen-sees-a-lot-more-work-to-bridge-the-racial-divide/ Mon, 17 Jan 2022 10:08:00 +0000 http://www.sbs-internetsolutions.com/treasurys-yellen-sees-a-lot-more-work-to-bridge-the-racial-divide/ US Treasury Secretary Janet Yellen speaks during a virtual roundtable with participants from local black chambers of commerce across the country to discuss the US bailout at the White House in Washington, US, February 5, 2021. REUTERS / Kevin Lamarque Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Jan 17 (Reuters) – The […]]]>

US Treasury Secretary Janet Yellen speaks during a virtual roundtable with participants from local black chambers of commerce across the country to discuss the US bailout at the White House in Washington, US, February 5, 2021. REUTERS / Kevin Lamarque

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WASHINGTON, Jan 17 (Reuters) – The U.S. Treasury has taken key steps over the past year to address longstanding economic injustices facing Americans of color, but it still has “a lot of work” to do. do to bridge the racial divide, Treasury Secretary Janet Yellen said. Monday.

Yellen told a meeting hosted by the Reverend Al Sharpton and his National Action Network advocacy group that the Treasury was working to right the economic wrongs exposed by slain civil rights leader Martin Luther King Jr in his “I Have a Dream” speech in 1963.

“He knew that economic injustice was tied to the larger injustice he was fighting against. From Reconstruction to Jim Crow, to the present day, our economy has never worked fairly for black Americans – or, really, for any American of color,” Yellen recounted a breakfast honoring King.

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Jim Crow refers to laws put in place in Southern states in the decades following the American Civil War of 1861-1865 to legalize racial segregation and disenfranchise black citizens.

In the past year, she said, the Treasury completed its first equity review, hired its most diverse leadership team ever and appointed its first racial equity adviser, while developing a COVID-19 rescue plan to better serve communities of color.

In addition, the Treasury has also injected $9 billion into Community Development Financial Institutions and Minority Depository Institutions, while trying to engage businesses more in these institutions and underserved communities.

“Of course, no program and no administration can fulfill the hopes and aspirations that Dr. King had for our country,” Yellen said. “There is still a lot of work the Treasury needs to do to bridge the racial wealth divide.”

Federal Reserve data shows white households owned 85.5% of US wealth in 2019, despite making up 60% of the population, while black households owned 4.2% and Latino households owned 3.1%. Those numbers have changed little in 30 years, according to USAFacts.org, a nonpartisan, nonprofit organization.

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Reporting by Andrea Shalal Editing by Nick Zieminski

Our standards: The Thomson Reuters Trust Principles.

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Keeping the Biden administration on its promises for fairer agricultural markets http://www.sbs-internetsolutions.com/keeping-the-biden-administration-on-its-promises-for-fairer-agricultural-markets/ Sat, 15 Jan 2022 17:07:36 +0000 http://www.sbs-internetsolutions.com/keeping-the-biden-administration-on-its-promises-for-fairer-agricultural-markets/ Family farmers like me have been calling for aggressive federal action to break up monopolies and make markets fairer for years. We know what happens when a handful of corporations control the livestock and meatpacking markets: Farmers earn a shrinking share of the food dollar, farm incomes decline, and meatpackers make huge profits. . Meatpacking […]]]>

Family farmers like me have been calling for aggressive federal action to break up monopolies and make markets fairer for years.

We know what happens when a handful of corporations control the livestock and meatpacking markets: Farmers earn a shrinking share of the food dollar, farm incomes decline, and meatpackers make huge profits. . Meatpacking companies then use these profits to better control animal production, either through direct ownership or through contractors, in an endless cycle of corporate concentration and consolidation.

Last week, I was pleasantly surprised to see President Biden announce a new initiative to address this issue, one of the biggest facing rural America today. The Administration’s “Action Plan for a Fairer, More Competitive, and Resilient Meat and Poultry Supply Chain” includes commitments to strengthen antitrust enforcement, provide more resources for legal action when meat packers break the law and financial resources for new independent meat processing capacity.

If these policies are implemented effectively, the result would be increased market competition for farmers and protections for consumers from soaring meat prices.

The statistics that support this experience nationwide are both confirming and alarming. According to the White House, four companies control 85% of the beef market, four packers control about 70% of pork processing, and four companies control 54% of the poultry market. Farmers’ share of the cattlemen’s consumption dollar has fallen from 60 cents of every dollar 50 years ago to about 39 cents today. During the same period, the share of pig farmers fell from 40 to 60 cents to around 19 cents.

On my family’s farm in Adair County, we experienced firsthand this change in the structure of the livestock industry. When my husband and I got married nearly 50 years ago, we raised cattle and hogs, as well as hay, pasture and oats. Today we no longer produce livestock as it has become unprofitable and we focus on corn and soybeans. This story is the same for hundreds of farming families here in Adair County and for thousands of former cattle ranchers throughout Iowa.

Rather than the diverse and more decentralized livestock production and processing system of the past, the power of multinational corporations is on full display here in Iowa. JBS, Smithfield, Tyson, Cargill, Marfrig (National Beef) and others operate both giant meat processing plants and cattle production plants in many parts of our state. Not surprisingly, the concentrated production controlled by meatpacking companies has also resulted in concentrated air and water pollution from livestock and poultry manure.

In addition to encouraging family farmers to cut operating costs, meatpackers are also ripping off consumers, attempting to blame “rising costs and inflation” for rising meat prices. The same White House report, however, says the latest corporate earnings reports document a 120% increase in gross profits and a 500% increase in net income for meatpacking companies since before the COVID pandemic. -19.

I agree with President Biden’s analysis of the situation: “We have seen too many industries become dominated by a handful of large corporations that control most activities and most opportunities – raising prices and lowering options for American families, while shrinking small businesses and entrepreneurs… When dominant middlemen control so much of the supply chain, they can increase their own profits at the expense of farmers – who earn less – and consumers, who pay more.

I also agree that this initiative meets some key needs, including a commitment to release tougher new rules under the Packers and Stockyards Act, to invest millions of dollars in federal funding for new operations independent meat processors in small towns and to introduce additional transparency in livestock markets.

President Biden’s recent focus on corporate power in the livestock and meat industry is one of those times when a large group of organized people can bring about meaningful change. The truth is that we have a lot of work to do. We must hold the President, Agriculture Secretary Tom Vilsack and Attorney General Merrick Garland accountable to their promises.

We also need to push them to tackle pollution from factory farms, as well as improve wages and protections for meatpacking workers. We need to ensure that funding for meat processing really goes to local, independent operations instead of becoming another agribusiness slush fund.

What is needed now is a strong push from farmers, consumer advocates, people concerned about corporate influence on our democracy, and citizens who want a fairer economy to come together and ensure that White House rhetoric goes hand in hand with administrative and congressional action.

Now is the time for us to weigh in together and demand a government and an economy that works for the people, not the multinationals. Let’s get to work!

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Citi announces agreement to sell consumer bank in Indonesia, Malaysia, Thailand and Vietnam to UOB Group http://www.sbs-internetsolutions.com/citi-announces-agreement-to-sell-consumer-bank-in-indonesia-malaysia-thailand-and-vietnam-to-uob-group/ Fri, 14 Jan 2022 00:42:00 +0000 http://www.sbs-internetsolutions.com/citi-announces-agreement-to-sell-consumer-bank-in-indonesia-malaysia-thailand-and-vietnam-to-uob-group/ SINGAPORE–(BUSINESS WIRE)–Citi today announced that it has reached an agreement with UOB Group (UOB) to acquire Citi’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam. The transaction includes retail banking and credit card businesses, but excludes the bank’s institutional businesses in the four countries. Citi remains committed and focused on serving institutional clients in […]]]>

SINGAPORE–(BUSINESS WIRE)–Citi today announced that it has reached an agreement with UOB Group (UOB) to acquire Citi’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam. The transaction includes retail banking and credit card businesses, but excludes the bank’s institutional businesses in the four countries. Citi remains committed and focused on serving institutional clients in these countries locally, regionally and globally.

The agreement covers all affected Citi staff, with approximately 5,000 consumer and support banking employees expected to transfer to UOB upon closing of the proposed transaction. UOB will pay Citi cash consideration for the net assets of the businesses acquired, subject to customary closing adjustments, plus a premium of S$915 million [US$690 million].

Upon closing, Citi expects the transaction to result in the release of approximately US$1.2 billion of allocated tangible common stock, as well as an increase in tangible common stock of more than $200 million. U.S. dollars. As previously announced, Citi’s exit from its consumer franchises in 13 markets in Asia Pacific and EMEA is expected to free up approximately US$7 billion in allocated tangible equity over time.

Peter Babej, CEO of Citi Asia Pacific, said:We are delighted to announce this transaction with UOB, a leading Pan-Asian institution. We are confident that UOB, with its strong culture and broad regional ambitions, will provide excellent opportunities and a long-term home for our consumer banking colleagues in Indonesia, Malaysia, Thailand and Vietnam. Concentrating our business through these actions will facilitate additional investments in our strategic focus areas, including our institutional network across Asia-Pacific, generating optimal returns for Citi.

Mark Mason, Citi Chief Financial Officer, said:The sale of these four consumer markets, along with our previously announced transactions, demonstrates our sense of urgency to execute our strategic refresh. We are committed to working in the best interests of our shareholders by focusing our resources on companies that can generate growth, as well as increasing the capital that we return to shareholders over time.

UOB was selected by Citi following a thorough and competitive bidding process. Citi is committed to a seamless transaction and, during the transition to closing, there will be no change in the service provided to our consumer banking and wealth management customers. The completion of the divestments in each country will not be conditional on the completion of the divestments in the other countries but will be conditional on obtaining the relevant regulatory approvals for each country. Completion is estimated to take place between mid-2022 and early 2024, depending on the progress and results of the regulatory approval process.

Citi’s Banking, Capital Markets and Advisory Group is acting as exclusive financial advisor to Citi in connection with the transaction.

About Citi

Citi, the world’s largest bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides individuals, businesses, governments and institutions with a wide range of financial products and services, including retail banking and lending, corporate and investment banking, securities brokerage, transaction and wealth management services.

Additional information can be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

Certain statements contained in this release are “forward-looking statements” within the meaning of the rules and regulations of the United States Securities and Exchange Commission (SEC). These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or events. Actual results, capital and other financial conditions may differ materially from those included in these statements due to a variety of factors.

These factors include, among others, the successful liquidation and closure of these retail banking businesses, including on schedule, macroeconomic and local market conditions, consumer preferences and the cautionary statements included in this release. These factors also include those contained in Citi’s filings with the SEC, including, without limitation, the “Risk Factors” section of Citi’s 2020 Form 10-K. Any forward-looking statement made by or on behalf of Citi speaks only as of the date on which it is made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events occurring after the date on which the forward-looking statements were made.

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Lost money at Revance Therapeutics, Inc.? http://www.sbs-internetsolutions.com/lost-money-at-revance-therapeutics-inc/ Wed, 12 Jan 2022 01:51:00 +0000 http://www.sbs-internetsolutions.com/lost-money-at-revance-therapeutics-inc/ OAKLAND, Calif .– (COMMERCIAL THREAD) – A Revance Securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired securities of Revance Therapeutics, Inc. (NASDAQ: RVNC) between November 25, 2019 and October 11, 2021 (the “Period of appeal “) . Investors who have lost money in Revance (NASDAQ: RVNC) are […]]]>

OAKLAND, Calif .– (COMMERCIAL THREAD) – A Revance Securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired securities of Revance Therapeutics, Inc. (NASDAQ: RVNC) between November 25, 2019 and October 11, 2021 (the “Period of appeal “) . Investors who have lost money in Revance (NASDAQ: RVNC) are encouraged to contact Gibbs Law Group by the February 8, 2022 deadline for the lead applicant for more information on their legal rights and participation options.

To speak to a lawyer about this class action lawsuit, click here or call (888) 410-2925.

Revance Therapeutics is a biotechnology company that develops neuromodulators for the treatment of aesthetic and therapeutic indications. The Company’s primary drug candidate is DaxibotulinumtoxinA for Injection (“DAXI”), which is used to treat frown lines and cervical dystonia. On October 12, 2021, the FDA responded to a Freedom of Information Act (FOIA) request and released a heavily drafted Form 483 document from July 2021 outlining concerns about Revance’s manufacturing process for DAXI, as reported. by the Morning Star. Among other discrepancies, the form noted that the company’s quality unit “does not have the responsibility and authority for the control, review and approval of outsourced activities …”

Then, three days later, on October 15, 2021, the FDA issued a Full Response Letter (CRL) refusing to approve Revance’s injectable wrinkle drug. Revance issued a press release the same day stating that CRL was citing “shortcomings with FDA on-site inspection at Revance manufacturing plant,” the same area of ​​concern described by Form 483 in July. . As a result of this news, the Revance share price fell more than 30% outside of trading hours on October 15, 2021 and fell a further 39% on October 18, 2021, causing significant harm to investors.

The Revance class action lawsuit alleges that the company made false and misleading statements throughout the litigation period regarding its “business, operational and compliance policies”.

What Should Revance Investors Do?

If you have invested in Revance, visit our website or contact our securities team directly at (888) 410-2925 to discuss how you might be able to recoup your losses.

About Gibbs Law Group

Gibbs Law Group represents investors across the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duties and breaches of power of attorney. The firm has recouped over $ 1 billion for its clients against some of the world’s largest corporations, and our attorneys have received numerous accolades for their work, including “Best Lawyers in America,” “Best Plaintiff’s Lawyers in California “,” California Lawyer Attorney of the Year “,” Class Action Practice Group of the Year “,” Consumer Protection MVP “and” Top Women Lawyers in California “.

This press release may constitute an attorney’s advertisement in certain jurisdictions under applicable law and ethical rules.

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RepRisk wins Norwegian Government Pension Fund Ethics Board’s fourth consecutive tender with a very high rating http://www.sbs-internetsolutions.com/reprisk-wins-norwegian-government-pension-fund-ethics-boards-fourth-consecutive-tender-with-a-very-high-rating/ Mon, 10 Jan 2022 06:00:00 +0000 http://www.sbs-internetsolutions.com/reprisk-wins-norwegian-government-pension-fund-ethics-boards-fourth-consecutive-tender-with-a-very-high-rating/ ZURICH – (COMMERCIAL THREAD) – RepRisk, one of the leading ESG data science companies combining machine learning and human intelligence to identify ESG risks, is proud to announce that it has been selected as an ESG data provider and portfolio monitoring services for the Norwegian Government Pension Fund Global’s Council on Ethics. The RepRisk service […]]]>

ZURICH – (COMMERCIAL THREAD) – RepRisk, one of the leading ESG data science companies combining machine learning and human intelligence to identify ESG risks, is proud to announce that it has been selected as an ESG data provider and portfolio monitoring services for the Norwegian Government Pension Fund Global’s Council on Ethics. The RepRisk service was classified as a very high quality service according to the criteria set out in the Council’s call for tenders.

RepRisk won its first tender with the Ethics Board in 2009 and has worked with it since then to monitor the Fund’s portfolio companies on a daily basis for issues such as serious human rights violations, particularly in regarding child labor, forced labor and violations. human rights in conflict zones, as well as blatant environmental degradation and corruption.

With the winning of the tender, RepRisk will continue to monitor the Fund’s portfolio for another four years, until December 2025. Research provided by RepRisk will help the Ethics Board to analyze and select cases of violations. ESG that may lead to exclusion by the Fund.

“We are very happy to continue our work with the Norwegian Government Pension Fund Global, as the choices made by its Ethics Board significantly influence the way ESG issues are prioritized and managed globally,” said Nicole Streuli , executive vice president of operations and research at RepRisk. . “This is the fourth consecutive tender that RepRisk has won thanks to our unique research approach, our extensive sources, our linguistic coverage and our team of highly trained human analysts – a true testament to our best risk data. ESG. ”

About RepRisk

Founded in 1998 and based in Switzerland, RepRisk is a pioneer in ESG data science that harnesses the combination of AI and machine learning with human intelligence to systematically analyze public information and identify material ESG risks. RepRisk’s flagship product, the RepRisk ESG Risk Platform, is the world’s largest and most comprehensive due diligence database on ESG and business conduct risks, with expertise in 23 languages ​​and a coverage of over 190,000 public and private companies and over 50,000 infrastructure projects. For more than a decade, the world’s leading financial institutions and corporations have trusted RepRisk for due diligence and risk management in their operations, business relationships and investments. Learn more at représk.com.


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Need a raise? It’s time to demand one http://www.sbs-internetsolutions.com/need-a-raise-its-time-to-demand-one/ Sat, 08 Jan 2022 13:44:00 +0000 http://www.sbs-internetsolutions.com/need-a-raise-its-time-to-demand-one/ But Corporate America has never been so good financially. Meanwhile, workers, whose wages have been largely neglected in recent years, now enjoy historically significant bargaining power. This will not always be the case. “Workers are in the driver’s seat more than ever in recent decades,” says Aaron Sojourner, labor economist and professor at the Carlson […]]]>

But Corporate America has never been so good financially. Meanwhile, workers, whose wages have been largely neglected in recent years, now enjoy historically significant bargaining power. This will not always be the case.

“Workers are in the driver’s seat more than ever in recent decades,” says Aaron Sojourner, labor economist and professor at the Carlson School of Management at the University of Minnesota.

However, this increase in workers’ bargaining power will not last forever. The pandemic “has confused everything,” says Sojourner, “and now people are finding better opportunities in different places.”

“The great search for a better job”

Americans have quit their jobs in record numbers. In November, a record 4.5 million, or 3% of the workforce, voluntarily left. And although hiring slowed in December, the US economy is emerging from a record year: 6.4 million jobs were created in 2021, the highest number since the record began in 1939.

The ratio of employees who quit to those who have been laid off or laid off is at its highest level in two decades, says Sojourner. In other words, the options of workers outside of their current job improve relative to the options of their bosses outside of their current employee group.

The good news for the economy is that hiring is strong.

“Even though we had record resignations in November, hires outnumbered quits in all major industries” tweeted Heidi Shierholz, chief economist at the Institute for Economic Policy. “People who quit their jobs take other jobs, don’t leave the job market… That’s good news! ”
This reality prompts many economists to push back against the popular notion of the “big resignation,” a pandemic-era term that suggests people are simply fed up and refusing to work. Rather, it is a “big reallocation”. Or, by Shierholz: “The Great Find a Better Job.”

Businesses are low to the ground

Corporate profits are at an all time high, not only in terms of dollars, but also as a percentage of the US economy. After-tax business profits rose nearly 39% in the third quarter of 2021 compared to the last quarter of 2019, before the pandemic began, according to Commerce Department data. Wages, meanwhile, only rose 4.7% last year – and inflation has also significantly reduced those gains.
Despite complaints from executives over profit calls about rising costs and the supply chain crisis, profit margins are bigger than ever. According to FactSet research, the estimated net profit margin for S&P 500 companies for 2021 is 12.6% – the highest margin reported by the index since FactSet began tracking it in 2008.

Of course, increasing wages can reduce profits, and not all companies will be able to adjust their margins to accommodate increases. For example, a daycare center may have difficulty retaining and hiring workers in part because the nature of working in person increases the risk of exposure to Covid-19. And its owners probably have fewer options to increase their income than a large corporation.

Use your lever

Workers need to get a feel for their business before embarking on a long list of demands, and keep in mind that money isn’t the only way to use their leverage, says Sojourner . Maybe it’s extra vacation days, more flexible hours, or better coffee for the break room – anything that keeps you from leaving should be a fair game.

“A lot of employers use their influence when they have it, and I think workers should too,” Sojourner said. “It’s a professional relationship.

5 ways to close a financial negotiation

Some learned this lesson the hard way in the spring of 2020, when employers laid off millions of people to protect the viability of their businesses, says Sojourner. “And it is a sensible decision to make, to keep the business healthy and not go bankrupt.”

But the power dynamic has returned to the workers, at least for now.

“When workers have better outward options, they should demand improvements in the quality of employment,” says Sojourner, in whatever way works best for them.



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Alabama entrepreneurs join the charitable movement http://www.sbs-internetsolutions.com/alabama-entrepreneurs-join-the-charitable-movement/ Tue, 04 Jan 2022 18:31:14 +0000 http://www.sbs-internetsolutions.com/alabama-entrepreneurs-join-the-charitable-movement/ When Rebecca Denson and her husband, Clint, started Sachai Tea Co., the idea of ​​improving their community and the world was a key part of their business plan. The same goes for Chris Sims and his partners at CAVU, a virtual career and corporate development company. Like-minded businesses are among the first in Alabama to […]]]>

When Rebecca Denson and her husband, Clint, started Sachai Tea Co., the idea of ​​improving their community and the world was a key part of their business plan.

The same goes for Chris Sims and his partners at CAVU, a virtual career and corporate development company.

Like-minded businesses are among the first in Alabama to seek and achieve “nonprofit corporation” status – a newly approved structure for businesses that want to “do good by doing good,” as Sims describes it. .

Sachai sells its tea directly to consumers but also produces chai concentrate for the retail and wholesale markets. (contributed)

“We were definitely drawn to it,” said Rebecca Denson, whose business reorganized into a charitable corporation.

“Impact is a big part of who we are,” added Denson, whose Birmingham-based company imports sustainably sourced tea from small producers in India. The tea is sold direct to consumers but is also used to produce a long-life cellar concentrate for the retail and wholesale markets.

Sachai Tea plans to open an incubation kitchen in the Birmingham area – a place where food entrepreneurs, especially those from minority and underfunded communities, can develop products and grow their businesses.

“Basically we have multiple results,” said Denson, who grew up in South India. She and her husband, who grew up in Mississippi, and their children now live in Birmingham’s underfunded Titusville neighborhood. She envisions growing her business to provide opportunities for neighborhood residents and hopefully inspire other businesses to locate in the area.

“It’s not just about profit; it’s about impact, ”Denson said. “It’s about education; it’s about culture.

Going down the path of charitable corporations, she added, “was an opportunity to be part of an effort, to be the encouragement, to make changes in the market.”

Sims and his Birmingham-based CAVU investors have a similar worldview, albeit in a very different industry. CAVU brings together early-career and experienced business leaders for virtual training focused on business development and scale-up, and mastery of digital business development platforms. The name is an aviation slang acronym for “Unlimited Ceiling and Visibility.”

A new business that was recently formed out of another Birmingham startup, CAVU was, from the start, a benefits company.

Sims said CAVU’s business model, like Sachai Tea’s, goes beyond traditional bottom lines. Its mission is to provide educational opportunities at low cost or free of charge, among others, to people of color and the LGBTQ community who have limited incomes and who may not have access to CAVU’s tools and expertise. .

“We want to find these people and give them the opportunity to build high paying careers,” Sims said.

“We didn’t want to go down the nonprofit route because we’re not afraid of making money,” Sims explained. “On the other hand, we didn’t want profit to overshadow our desire to support the community.

Sims said CAVU works with local nonprofits and other partners to research and train people with limited means, as well as offer a variety of services to clients who don’t face the same challenges. “What is most important to us at CAVU is helping people build great careers and great businesses.”

Alabama is 38e state to authorize benefit companies. The Alabama legislature approved the structure of the benefit corporation in 2020, with support from Alabama Power and other interested individuals and organizations.

A charitable corporation is a for-profit business “driven by both mission and profit.” The company is held by shareholders to produce financial results while providing a public benefit, ”according to the Alabama Benefit Corporation Association (ABCA), a new organization created to help educate people and businesses in the state about the benefits. charitable societies.

Hallie Bradley is part of the nonprofit Alabama Power Foundation, which works with the ABCA to spread the word about charitable corporations. So far, more than 400 people, businesses and organizations have received information, and more than a dozen companies are in the process of becoming charitable corporations. The foundation’s ongoing awareness-raising effort has attracted national media attention.

Bradley said many startups and young entrepreneurs find the company’s structure of benefits attractive because of their interest in being financially successful and having a positive impact on their communities.

Research supported by the foundation suggests that benefit companies may be suitable for many women and minority entrepreneurs in the state. According to ongoing research from the University of Alabama and its partners, with support from the Alabama Power Foundation, growing these businesses – which sometimes struggle to compete – and helping create more could over time. time have a significant positive impact on Alabama’s economy.

Sims said it was intentional from the start to go the charity route. He said the founders wanted the company’s goal of supporting disadvantaged people in the community to be clear from the start, so it could attract investors with a similar mindset.

“It draws a line in the sand, saying we do things differently,” Sims said. He said CAVU is growing rapidly; over the past year, it has trained over 1,000 people and has 40 to 50 learners per week across the world.

Indeed, Sims and Denson have said they intend to actively support efforts to increase the number of benefit companies in Alabama. They are considering steps beyond benefits company status.

In addition to the legal structure of the Alabama benefit company, businesses can become B Corps certified through an independent certification process. A number of well-known global brands, from Ben & Jerry’s ice cream to Tom’s of Maine, Warby Parker and Patagonia, as well as dozens of small companies, have become B Corps certified.

“I was born and raised in Alabama,” Sims said. “I want to see Alabama grow and improve.

“Being a public utility means you can do good by doing good,” Sims added. “They don’t need to be separated. You can build a great and wonderful business, you can do it phenomenally – and make the world a better place. “


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Speech-based interactive voice response software market size, scope, forecast to 2029 http://www.sbs-internetsolutions.com/speech-based-interactive-voice-response-software-market-size-scope-forecast-to-2029/ Sun, 02 Jan 2022 18:04:36 +0000 http://www.sbs-internetsolutions.com/speech-based-interactive-voice-response-software-market-size-scope-forecast-to-2029/ New Jersey, United States, – The latest report published by Verified Market Reports shows that the Speech-Based Interactive Voice Response Software Market should experience a sustained pace in the years to come. Analysts looked at market drivers, restrictions, risks and openings in the global market. The Speech-Based Interactive Voice Response Software report demonstrates the likely […]]]>

New Jersey, United States, – The latest report published by Verified Market Reports shows that the Speech-Based Interactive Voice Response Software Market should experience a sustained pace in the years to come. Analysts looked at market drivers, restrictions, risks and openings in the global market. The Speech-Based Interactive Voice Response Software report demonstrates the likely direction of the market in the coming years along with its estimates. An in-depth study aims to understand the market price. By analyzing the competitive landscape, the report’s authors have made a brilliant effort to help readers understand the key business tactics used by large companies to keep the market sustainable.

The report includes the profiling of nearly all significant players in the Speech-Based Interactive Voice Response Software market. The company profile section offers valuable analysis of strengths and weaknesses, business developments, recent advancements, mergers and acquisitions, expansion plans, global footprint, market presence and Product portfolios of the main market players. This information can be used by players and other market participants to maximize their profitability and streamline their business strategies. Our competitive analysis also includes key information to help new entrants identify market entry barriers and measure the level of competitiveness in the speech-based interactive voice response software market.

Get sample full PDF copy of report: (including full table of contents, list of tables and figures, graph) @ https://www.verifiedmarketreports.com/download-sample/?rid=47728

Key Players Mentioned in the Speech-Based Interactive Voice Response Software Market research report:

8X8, Inc., Nuance Communications, Inc., Convergys Corporation, Avaya Inc., Cisco Systems, Inc., Connect First, West Corporation, Genesys Telecommunication Laboratories, Inc., Verizon Communications Inc., IVR Lab, Aspect Software Parent Inc. , 24/7 Customer, Inc., InContact Inc., NewVoiceMedia (UK), Five9, Inc.

Speech-based interactive voice response software market segmentation:

By Product Type, the market is majorly split into:

• Cloud based
• On the spot

By application, this report covers the following segments:

• Big business
• Medium-sized business
• Small business

The global speech-based interactive voice response software market is segmented on the basis of product, type, services, and technology. All of these segments were studied individually. The detailed survey helps to assess the factors influencing the speech-based interactive voice response software market. Experts analyzed the nature of development, investments in research and development, changing consumption patterns and the growing number of applications. In addition, analysts have also assessed the economic development of the speech-based interactive voice response software market which is likely to affect its price.

The regional analysis section of the report enables players to focus on high-growth regions and countries which could help them expand their presence in the Speech-Based Interactive Voice Response Software market. Besides expanding their presence in the speech-based interactive voice response software market, the regional analysis helps players to increase sales while having a better understanding of customer behavior in specific regions and countries. The report provides the CAGR, revenue, production, consumption, and other important statistics and figures related to the global and regional markets. It shows how the different types, applications, and regional segments are advancing in the Speech-Based Interactive Voice Response Software market in terms of growth.

Get a discount on purchasing this report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=47728

Scope of the Speech Based Interactive Voice Response Software Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
PLANNED YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD / billion)
COVERED SEGMENTS Types, applications, end users, etc.
REPORT COVER Revenue forecast, company ranking, competitive landscape, growth factors and trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free customization of the report (equivalent to 4 working days for analysts) with purchase. Add or change the scope of country, region and segment.

Geographic segment covered in the report:

The Speech Based Interactive Voice Response Software report provides information about the market area, which is further further subdivided into sub-regions and countries / regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.

• North America (United States and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and the rest of Latin America)
• Middle East and Africa (GCC and rest of Middle East and Africa)

Key questions answered in the report:

1. Who are the top five players in the Speech Based Interactive Voice Response Software Market?

2. How will the speech-based interactive voice response software market evolve over the next five years?

3. What products and applications will capture the lion’s share of the speech-based interactive voice response software market?

4. What are the drivers and restraints of the Speech Based Interactive Voice Response Software market?

5. Which regional market will show the most growth?

6. What will be the CAGR and size of the Speech Based Interactive Voice Response Software market throughout the forecast period?

For more information or a query or a personalization before purchasing, visit @ https://www.verifiedmarketreports.com/product/global-speech-based-interactive-voice-response-software-market-2019-by-company-regions-type-and-application-forecast-to-2024/

Visualize the Speech-Based Interactive Voice Response Software Market Using Verified Market Intelligence: –

Verified Market Intelligence is our BI platform for narrative storytelling for this market. VMI offers in-depth forecasting trends and accurate insight into over 20,000 emerging and niche markets, helping you make critical revenue-impacting decisions for a bright future.

VMI provides a holistic overview and global competitive landscape with regard to region, country and segment, and key players in your market. Present your market report and findings with a built-in presentation function, saving over 70% of your time and resources for investor arguments, sales and marketing, R&D and product development. VMI enables data delivery in interactive Excel and PDF formats with over 15+ key market indicators for your market.

Visualize the Speech-Based Interactive Voice Response Software Market Using VMI @ https://www.verifiedmarketresearch.com/vmintelligence/

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