Thriving in the New Economy: Lessons from Today's Top Business Minds
Lori Ann LaRocco
Survive and thrive in today's economy
These are make-or-break times for business leaders. In today's defining moment, the "New Economy," CEOs and other leaders in a wide variety of industries must face unprecedented conditions.
Thriving in the New Economy gives you a unique look into some of today's best economic and business minds. A series of close profiles, the book offers inspirational personal stories, useful advice, and actionable strategies you can use immediately to skirt financial peril, seize opportunities, and flourish in the New Economy.
• Profiles include financial publisher Steve Forbes, The Vanguard Group founder Jack Bogle, Former National Economic Council Director and Former Special Assistant to the President on Economic Policy Lawrence Lindsey, former FDIC chair Donald Powell, Saks CEO Steve Sadove, Toyota Motor Sales U.S.A. President Jim Lentz, legendary vulture investor Wilbur Ross and more
• Looks at how leaders in economics, banking, automobiles, real estate, and retail are not just avoiding the unraveling economy, but actively evolving and growing their businesses
• Foreword by H. Wayne Huizenga; Afterword by Rudy Giuliani
If you're looking for the way forward through today's business wilderness, Thriving in the New Economy lets you in on how some leaders use challenges not just to survive but thrive.
securities was banned during the Great Depression for good reason. However, this ban was lifted in 2007. The Securities and Exchange Commission (SEC) is still sitting on this. Defining the New Economy The economy, battered by post-credit crisis 2007 and post-Lehman 2008, is ready to grow again—if the government could just get its act together. Clearly, the Obama Administration does not understand the need for a stable dollar; has no appreciation of the destructiveness of tax increases; is
housing government-sponsored enterprises (GSEs). Rumors swirled in Washington about government takeover of the housing GSEs. Beginning about a month prior to the September weekend seizure of Fannie Mae and Freddie Mac, Federal Housing Finance Agency (FHFA) Director Lockhart and his new agency were unusually quiet. Statements from the FHFA and the Treasury were suddenly vague and less reassuring as to the health of the two housing giants. This was in sharp contrast to statements made by both
difficulty in recent years as their forecasts became suspect. Markets wondered whether these in-house shops could keep their independence or whether the interest of the institution that was paying their salaries would influence their decision. Even if the individuals involved did their best to preserve their autonomy, they would still face market skepticism. So we concluded that the only way to preserve independence is to actually be independent. We are unaffiliated with any organization, and we
associates, mortgage officers, title officers, and servicers of property casualty and insurance. It has been a huge adjustment for these individuals, as we all have had to do more with a lot less. When it is all said and done, we were trying to catch a rising star on its way up . . . and we expended a lot of our resources trying to catch it. As the market contracted, and it did so quicker and harder than anyone anticipated, the entire industry was bloodied by the falling sword. The lesson we
crises Abby Joseph Cohen on meltdown of cumulative returns on gains in and Lehman Brothers bankruptcy and mutual funds recovery in “Straight Talk with Steve” program Strategy(-ies): adaptive adjustment of for building construction creating investment liquidity funding long-term for the New Economy for thriving Strayer Education Strength: economic as focus of advertising Stress tests (for banks): BB&T Corporation and September 2008 meltdown and stock market recovery