The Republicans’ new tax plan will increase inequality. That’s bad for democracy.

This week, the Senate Republicans unveiled a tax plan that would increase inequality in the United States. Don't take my word for it: The nonpartisan Tax Policy Center has found that "the largest benefits, in dollar and percentage terms, would go to the highest-income households." Wealthy shareholders and corporate executives stand to reap outsize benefits, as do men and women who

Blockchain and Social Impact

Blockchain. Blockchain. Blockchain. Everywhere you go in the world of technology and investing there is someone talking about this transformational technology and its ability to reinvent the world of commerce, government and some of the most basic assumptions about society. While it’s easy to get turned off by all the hype, the bottom line is

Entrepreneurs Want To Change The World More Than Ever

More “elite entrepreneurs” around the world consider making a positive impact on the world a central feature of what they do in business, sometimes almost as important as breaking even, particularly when Millennials are concerned, a global survey of high- and ultra-high net worth entrepreneurs by BNP Paribas Wealth Management has found. The French bank’s Global Enterprise

What is Amazon doing in health and the pharmacy industry?

The comedian Dana Carvey once asked the question, "Don't you love the pharmacy?" The 5-minute bit that followed highlighted all the awkward, confusing, and often frustrating elements of the pharmacy experience. The audience was with him the whole time. Whether or not Amazon CEO Jeff Bezos watched Carvey's show, many in the industry agree that pharmacy is

Sense in sustainability: the rewards of responsible business

Boards are beginning to acknowledge that sustainability is no longer a siloed concept, but a crucial strategy at the heart of responsible business.  Sustainability has become more than a trendy buzzword in business in the past few years as an increasing number of companies are putting it at the centre of their strategies. Boards are

Universal Ownership: The supertankers of global finance are shifting course

They are the opposite of day-traders. They hold the sovereign wealth of their countries, the life savings of their pensioners. They are entrusted to manage the capital for their stakeholders, for the long-term. And they are so large, so invested in every industry and every geography, that they have no escape from the escalating dislocations

Trump Vs. America’s Children: Child Poverty In America Is Indefensible

The state of poverty in the United States, particularly among children, is abhorrent. It puts America, the richest and most powerful country in the world, in a shameful light. Successive U.S. administrations are guilty of immense negligence toward poor children. They have inflicted incalculable damage to millions who continue to suffer. This causes a tremendous

Can Basic Income Plus The Blockchain Build A New Economy

You may not have noticed, but a huge global movement is well on its way to creating the next generation of the internet. This massive technological sea change is largely being driven by a key innovation in database technology called the blockchain, and many forecasters are predicting that it could cause as much social transformation as

Total Societal Impact Is the Key To Improving Total Shareholder Return

Consensus continues to build in the corporate community that in delivering total shareholder return (TSR) for their investors, businesses must also consider the impact they will have on society in doing so. The Boston Consulting Group (BCG) calls this total societal impact (TSI). TSI is not a single metric; it is a collection of measures and assessments

Poor maritime connectivity hurting weaker, smaller nations

A United Nations report out Wednesday revealed the poor maritime connectivity continues to keep smaller and weaker economies from reaching world markets, highlighting the need for evidence-based improvements to trading systems and procedures to address these challenges. “Planning and forecasts can be significantly improved if data on maritime transport networks are included in the relevant

2017-10-28T04:22:41+00:00 Tags: |

Corporate America’s insistence on four-year degrees is a costly mistake

A four-year college degree, long seen as the ticket to the upper ranks of American society, is increasingly becoming a necessary credential for even a middle-class existence. Dozens of occupations—from bookkeepers to administrative assistants—can now require college degrees when none was required before. While the nature of the work hasn’t changed, the ratcheting up of

Grants Roundup: $64 Million From Bloomberg for Clean-Energy Programs

Here are notable new grant awards compiled by The Chronicle: Vertex Pharmaceuticals $500 million over 10 years to create Vertex Foundation, to help people with cystic fibrosis, and to support education programs and health and wellness efforts for youths. Bloomberg Philanthropies $64 million to support the Sierra Club’s Beyond Coal campaign and other organizations working

2017-10-23T10:11:52+00:00 Tags: |

Corporate sustainability must give way to corporate responsibility

Today we consume more than twice as much as our relatives did only 50 years ago. In the US, this means generating upwards of 500 billion pounds of garbage every year that’s trucked to one of our 10,000 landfills. This accelerated consumption is exhausting global ecosystems, depleting 30% of global resources and nearly 60% of animal populations since the

Three Ways To Overcome Financial Distress While Improving Employee Trust

Business is hard. You win a big account but don’t have the team to service it. You lose a big account and think about how to trim the fat. Your concept gets funded, but you don’t know how to engage your team around a common purpose. Regardless of size, all businesses get stuck. What if

We Shouldn’t Always Need a “Business Case” to Do the Right Thing

I’ve been a consultant for almost 20 years, advising companies on complex challenges in ethics, risk, and responsibility. Each year several clients raise the same issue: the need to get buy-in from a skeptical senior executive in order to demonstrate a concrete benefit that will follow a proposed investment in an ethical business initiative or function.

Thirteen facts about wage growth

The expectation of rising living standards, with each generation doing better than the one before, has long been a given. More recently, that expectation has diminished—and with good reason. One of the best measures economists use to determine Americans’ economic advancement is whether wages are rising, broadly and consistently. After adjusting for inflation, wages are

2017-10-12T18:56:27+00:00 Tags: , |

Blockchains and responsible business

Contracts, transaction and their record form the foundation of our economic, legal and political systems. They help protect assets and set boundaries of an organisation. They are critical to establishing the and verifying identities and chronicling events. They govern interactions among organisations, communities, and individuals. And, they guide managerial and social action. The digital transformation

This Tiny Country Feeds the World

In a potato field near the Netherlands’ border with Belgium, Dutch farmer Jacob van den Borne is seated in the cabin of an immense harvester before an instrument panel worthy of the starship Enterprise. From his perch 10 feet above the ground, he’s monitoring two drones—a driverless tractor roaming the fields and a quadcopter in the air—that

Private sector must fill in cracks of uneven economic recovery

For years now, Americans have been getting mixed messages about the state of the economy: Unemployment is down, but job insecurity is rising. Inflation is low, but so is wage growth. Yet, while the economy has been expanding for nearly 100 months (approaching a record), many people are still living paycheck to paycheck. That’s because