Share to linkedin... [+], the elite association of over 180 chief executive officers of America’s leading companies reported that they are concerned about the outlook of the economy and job market.
At first, it may seem incongruous that the CEO roundtable is sanguine about the economy. We have witnessed the longest economic expansion in recent history. There has been over 100 consecutive months of job growth in the United States. The stock market is hitting new highs on a regular basis. These metrics would indicate a rosy and optimistic perspective on the future.
The CEO sentiment is exemplified by top-tier investment bank Morgan Stanley’s CEO James Gorman calling for the. The bank’s current revenue, profits and stock prices are doing very well. The reason for the layoff is to trim costs ahead of a future downturn in the economy. Gorman points to the the trade war between the U.S. and China, unrest in Hong Kong, an acrimonious political environment in the U.S., concerns over Brexit and other factors.
What was the average salary of those 180 CEOs? Their bonuses? Up or down for 2019? They really don't care about jobs. It is all about them, I promise.
No they are concerned more that if the current trends keep up workforce will ask for better conditions and wages cutting into what goes in there pockets also higher taxes. they are concerned about loosing there precious pockets of economic power over mass populations.
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Source: BusinessInsider - 🏆 729. / 51 Read more »