Economy

What’s the Purpose of a Public Company?

The Business Roundtable, a group representing the nation’s most powerful chief executives, last month abandoned the idea that companies must maximize profits for shareholders above all else, a long-held belief that advocates said boosted the returns of capitalism but detractors blamed for rising inequality and other social ills.

The new statement reads:  “Americans deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity.  We commit to deliver value to all of them, for the future success of our companies, our communities and our country.”

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Council of Industry Roundtable with President Williams of New York Federal Reserve Bank

On Wednesday, July 10, member executives of the Council of Industry met with John Williams, the President of the New York Federal Reserve Bank for a roundtable discussion of issues affecting Hudson Valley Manufacturers. It was an opportunity for manufacturing leaders to provide insight on issues such as the skills gap, tariffs, trade, and the overall economy. Read more inside.

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Your March 2019 Empire State Manufacturing Survey Results

The results for the March 2019 Empire State Manufacturing Survey are in and continue to suggest growth throughout the industry! Find a link to the full-report for a more detailed look at the results in this post.

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