tag:blogger.com,1999:blog-37089145201105715252026-03-16T04:18:34.622-07:00Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.comBlogger162125tag:blogger.com,1999:blog-3708914520110571525.post-83036619495368195872016-11-26T11:04:00.001-08:002016-11-26T11:07:38.618-08:00

President Obama is a likeable guy, which is probably the reason his approval rating is around 50% or more at the same time when nearly 70% of the country believes that the United States is going in the wrong direction.   Obama sold himself as a change agent out to transform our country presumably into a European style Socialist democracy.  The only problem is that the United

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com33tag:blogger.com,1999:blog-3708914520110571525.post-7932966897987785712016-09-23T08:10:00.004-07:002016-09-23T08:11:51.348-07:00

As a result of many mergers and acquisitions in the US, today the top 100 companies control of the economy has grown from 33% of Gross Domestic Product in 1994 to 46%.  The five largest banks account for 45% of banking assets up from 25% in 2000.   All of this is not good for America.   Mergers and Acquisitions to gain efficiencies, when consolidations occur has resulted

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com19tag:blogger.com,1999:blog-3708914520110571525.post-47217941893736676712016-09-22T19:47:00.005-07:002016-09-23T07:51:02.983-07:00

The CEO Blogger recently watched a hearing by a Congressional Committee of the House of Representatives where in which both Republican and Democrat Congressmen lambasted Heather Bresch, the CEO of Mylan, maker of the EpiPen injection device to deal with allergic reactions, for raising prices 548% in 9 years.  Prices were raised to $608 for a set of EpiPens.   This Blogger is

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com12tag:blogger.com,1999:blog-3708914520110571525.post-27568771248325340792016-09-22T19:47:00.001-07:002016-09-22T19:48:35.119-07:00

The CEO Blogger recently watched a hearing by a Congressional Committee of the House of Representatives where in which both Republican and Democrat Congressmen lambasted Heather Bresch, the CEO of Mylan, maker of the EpiPen injection device to deal with allergic reactions, for raising prices 548% in 9 years.  Prices were raised to $608 for a set of EpiPens.   This Blogger is

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com39tag:blogger.com,1999:blog-3708914520110571525.post-45586446290933406932016-09-21T19:39:00.000-07:002016-09-21T19:39:48.963-07:00

The Middle Class in the United States has been declining for about twenty years.  Middle Class families are earning about the same money they earned years ago.   This has happened for a variety of reasons.   Mergers and Acquisitions have resulted in the elimination of good paying jobs as companies consolidated their operations.   Global competition, which can be

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com8tag:blogger.com,1999:blog-3708914520110571525.post-17066740435804792552016-09-20T16:06:00.006-07:002017-09-15T09:03:29.761-07:00

We hear commentators speak of Terrorism as the New Normal not only impacting daily life; but presumably business. The fact is that acts of terrorism that have resulted in the deaths of thousands of Muslims, Christians, Jews, Hindus and non-believers have been going on for decades. The state of Israel has been dealing with terrorism, since is was founded at a Jewish state in 1948. Yet, the Israeli

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com8tag:blogger.com,1999:blog-3708914520110571525.post-24330413217470476712016-09-20T16:06:00.002-07:002016-09-20T16:08:35.521-07:00

We hear commentators speak of Terrorism as the New Normal not only impacting daily life; but presumably business.  The fact is that acts of Terrorism that have resulted in the deaths of thousands of Muslims, Christians, Jews, Hindus and non-believers have been going on for decades.  The state of Israel has been dealing with Terrorism, since is was founded at a Jewish state in 1948.

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com145tag:blogger.com,1999:blog-3708914520110571525.post-44010199458029628852016-09-15T21:17:00.000-07:002016-09-15T21:20:48.709-07:00

By 2026, we will see the greatest transfer of wealth in world history.   Baby Boomer Entrepreneurs that created this wealth, primarily by formation of private companies, will transfer about $3.9 Trillion in the US in inheritance to their Generation X and Millennial sons, daughters, grandchildren and perhaps other family members.  On a world wide basis this 

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com16tag:blogger.com,1999:blog-3708914520110571525.post-17807518555594877452016-09-14T12:21:00.000-07:002016-09-14T12:22:50.207-07:00

There is no doubt that the law prohibits any American company from discriminating on the basis of religion, race or sexual orientation in its business dealings.  There are also definitive laws dealing with Sexual and other forms of Harassment, which are justified given past grievances.  And, clearly though company management may have a specific political orientation be it Conservative,

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com4tag:blogger.com,1999:blog-3708914520110571525.post-27992864492063904002016-09-12T14:19:00.005-07:002016-09-12T14:40:54.994-07:00

We hear a lot of talk about the good and bad of Free Trade in the current Presidential Election. Aside from what Donald Trump and Hillary Clinton are saying, there is no doubt that Free Trade has created winners and losers. American Consumers in particular are big winners as a result of Free Trade. All those flat screen TV's and thousands of other items, if made in the United States, would

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com4tag:blogger.com,1999:blog-3708914520110571525.post-81578662195614436942016-09-11T09:50:00.005-07:002016-09-11T20:43:37.465-07:00

Aside from many Millennials that are often job hoppers, more mature employees should think hard and fast before leaving a current job.  This CEO Blogger has seen many employees, both within our company and outside, make disastrous career decisions thinking the grass was greener someplace else.  The fact is that all companies experience good times and bad times requiring tough decisions

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com2tag:blogger.com,1999:blog-3708914520110571525.post-17151637837452090272016-09-10T09:03:00.008-07:002016-09-11T20:45:55.691-07:00

It may not matter if Republicans are ever able to repeal ObamaCare because it is collapsing of its own weight.   ObamaCare was predicated on smoke and mirrors, which assumed that healthy young people, not already getting health insurance from their employers, would buy health insurance on the ObamaCare Exchanges, with costly premiums and high deductibles to subsidize the older

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com2tag:blogger.com,1999:blog-3708914520110571525.post-66642420727666292852016-09-09T17:23:00.011-07:002016-09-11T20:47:04.604-07:00

Frequently magazine articles are written about how to have a million dollars in retirement.  And, in fact, with some good planning that starts with the first good job at 25 years old, it is really not that hard to do provided there is a willingness to sacrifice for today to live well during retirement.  But even before, don't borrow money to pay for university expenses.  

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com2tag:blogger.com,1999:blog-3708914520110571525.post-67259073425310141992016-06-30T08:58:00.003-07:002016-07-01T08:03:57.079-07:00

78 million Baby Boomers are turning 65 at the rate of 10,000 a day for next 18 - 20 years.   Presumably, this huge demographic will begin collecting Social Security and Medicare, assuming they remain solvent, transferring about $46 Trillion of wealth from the federal government to these recipients.  In essence, instead of paying taxes into the system, most of them will begin taking

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com2tag:blogger.com,1999:blog-3708914520110571525.post-34241374163362431122016-06-27T09:12:00.002-07:002016-06-27T15:34:32.779-07:00

There is no doubt that Bigger Government is bad for business. In fact, bigger government grows through higher taxes and other revenue generation and more regulations at the expense of the Private Sector. We have clearly seen this during the Obama years as taxes and regulations have expanded dramatically resulting in higher government spending and very slow economic expansion of 2% or less

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com2tag:blogger.com,1999:blog-3708914520110571525.post-28659556528893627752016-06-26T08:04:00.007-07:002016-06-26T18:09:17.788-07:00

The British people wisely voted to leave the European Union.  In doing so, they cast aside more than 100,000 pages of stifling, job killing regulations that were a threat to their freedom and economic development.  The European Union, which should have simply been a Free Trade Zone and a vehicle for a common currency, morphed into another huge layer of Socialist

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com2tag:blogger.com,1999:blog-3708914520110571525.post-61564365925653833292016-03-02T11:51:00.000-08:002016-03-02T11:51:24.487-08:00

Many times, employees do not understand their total cost to a company.  In addition to normal base salary or hourly rates, plus any other commission, bonuses or incentives, various benefits add significant cost to hiring an employee.  Right off the bat, in the United States, employers get hit with 7.65% of total salary for Social Security and Medicare before any other benefits are added

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com2tag:blogger.com,1999:blog-3708914520110571525.post-36243979839742300562016-03-01T19:11:00.000-08:002016-03-01T19:11:02.612-08:00

We often hear calls from liberal politicians and unions for raising the $7.25 federal minimum wage.  It would be a very bad idea.  First of all, a very small percentage of Americans are actually paid the federal minimum wage because while employers in states and cities cannot not pay less than the federal minimum wage, these localities often have higher minimum wages in place.&nbsp

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com3tag:blogger.com,1999:blog-3708914520110571525.post-44449377308351762622016-02-03T21:20:00.000-08:002016-02-03T21:30:13.417-08:00

Perhaps the biggest challenge for a CEO is managing different businesses, since it is not uncommon for a holding company to own a number of subsidiaries that may, or may not be related.   While each business may have a life of its own with different compensation plans and even personalities, it is the CEO's job to meld a common culture based on the company's core values. &nbsp

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com3tag:blogger.com,1999:blog-3708914520110571525.post-66841354487296446922015-12-23T16:28:00.002-08:002015-12-23T16:28:47.217-08:00

Companies often hit road blocks to increasing revenues and profits.  It can come in the form of increased competition, pricing pressures, industry disruptors, or economic factors beyond a company's control.  For that reason, all companies should look to use existing skill sets, with perhaps some modifications, to seek out new customer opportunities.  In other words, find someplace

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com3tag:blogger.com,1999:blog-3708914520110571525.post-31710552842469876632015-12-19T09:20:00.003-08:002015-12-19T09:20:56.516-08:00

Several years ago, this CEO got the bright idea that we would hire Millennials, recent college grads, put them through intensive training that we called Boot Camp and bring them into our company as entry level, front line employees dealing with our customers.  So, we hired a class of 13 of them with high hopes that this would be the answer to our future recruitment requirements.  Well

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com2tag:blogger.com,1999:blog-3708914520110571525.post-51414586837131368072015-12-16T16:22:00.001-08:002015-12-18T20:48:02.450-08:00

It is very, very expensive to generate new business.  Considerable investment in Sales and Marketing is needed to sign new accounts.  Depending on the industry, it may be necessary to spend as much as 10% or more of top line revenues, each year, to develop new business.   And in budgeting for Sales and Marketing, company management must look forward not backward.&

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com2tag:blogger.com,1999:blog-3708914520110571525.post-36731862158386150032015-12-15T16:30:00.001-08:002015-12-15T19:06:16.704-08:00

When establishing an overall annual Corporate Budget, the subject of Corporate Allocations always comes up.  And, it can get pretty ugly.  Naturally, the business entities of any corporation want to pay as little of the Corporate Overhead as possible because it impacts their bottom line, bonuses etc.  So there is a selfish motivation in this process.  However, the reality is

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com2tag:blogger.com,1999:blog-3708914520110571525.post-78547341426030136802015-12-14T11:11:00.000-08:002015-12-14T11:11:41.604-08:00

While many companies pay commissions to salespeople and various incentives to others to drive  desired transactional results, privately owned companies can use Profit Sharing as their Bonus Plan for other designated employees.  It is actually not too complicated to accomplish.  The process begins by setting an annual Pre Tax Profit Margin target that must be met before Profit

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com5tag:blogger.com,1999:blog-3708914520110571525.post-47485025659915404802015-12-11T09:45:00.000-08:002015-12-11T09:45:27.184-08:00

This CEO Blogger has more than 2,000 people in my Linked In Data Base.  For the most part, these are people in the relocation, household goods, real estate, or mortgage industries; but they also include others that may have valuable skills that we may one day need in our company.   As the CEO of a global company, I presume many people in the work force are interested in being

Joseph Morabitohttp://www.blogger.com/profile/16246028026458858269noreply@blogger.com1