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Peter Georgescu
@PeterGeorgescu
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Chairman emeritus and former CEO of @YoungRubicam, author of #CapitalistsArise!, Director at @JustCapital, Vice Chairman Emeritus at @nyphospital
NY, Palm Beach, Chautauqua
Joined September 2010
With thanks to @DLeonhardt for this piece in the @nytimes.America truly is the hero of my personal story. Corporate America must act to make sure that future success stories are possible.
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I remain optimistic about the future of America, a thought I shared with @DavidWestin on Bloomberg's Wall Street Week. With many thanks for the interview.
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PG&E is emerging from its recent troubles under the leadership of Patti Poppe. In my latest column for @Forbes, I discuss how she unwittingly became a standard bearer for stakeholder capitalist leaders.
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Too many people misunderstand the basic principles of stakeholder #capitalism, suggesting it focuses on society issues like climate change and DEI efforts at the expense of profits. In my latest column for @Forbes, I debunk those myths.
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@JustCapital found that Americans want a fair and living #wage, job creation, and companies that prioritize accountability to all stakeholders. In a year marked by strikes and worker disputes, this annual poll can help us create a path forward.
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Sad news in recent poll from @AP -- Americans say household expenses exceed earnings in 2023. Another slap at America's #Middleclass.
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Wise words from @FrancesFrei in a piece for @HarvardBiz . "If your operations depend on people continuously going above and beyond, then be prepared to work much harder to find these magical creatures and reward them with outsize compensation."
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I have spent the past 20 years fighting #incomeinequality and pushing for a better form of #capitalism. So happy to see a robust offering of forthcoming books on the subject which the @nytimes says economists have "all but ignored." Let's not ignore.
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.@PaulTudorJones1, director of @JustCapital, issued a wake up on call on @SquawkCNBC recently, warning that Americas may be headed for the biggest fiscal crisis since WWII. I wholeheartedly agree. We need a better version of #capitalism.
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An "excellent, accessible overview of socioeconomic trends over the last decades and what they bode for the future" says @KirkusReviews of @DLeonhardt's new book, Ours Was The Shining Future. A must read for anyone concerned about our country's future.
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An illuminating chart and analysis from @nytimes on income inequality and education. Don't miss it.
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American public #education is nothing short of disastrous, except in rich neighborhoods where real estate taxes are higher. A piece in the @nytimes on how the U.S. Department of Defense ran schools during the #pandemic may be part of the solution.
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A depressing statistic in a new report from @uscensusbureau @RutgersU and @Princeton. 25% of Black babies and toddlers in rental homes are likely to face eviction and all American children are at risk. The @nytimes reports.
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Companies must optimize their relationship with each #stakeholder. That means finding the right balance between the interest of the stakeholder and that of the company. Good judgement must come into play. @WSJ explores the issue in a special section.
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The #GovernmentShutdown has been averted, but trouble is still afoot, particularly for America's middle class. @YahooFinance points to the possibility of missed #paychecks and more #layoffs.
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"The median American household needed 44% of its income to cover annual payments on a median-priced home as of July," says the Atlanta Fed. @WSJ has a series of charts eye-opening chart that lay bare the reality of higher interest rates.
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