The Economy, Roller Coasters and Management’s Responsibility

We are witnessing one of the unique economic periods in our current history. Hopefully this will be our great one time economic event such as our Grandparents witnessed the Great Depression. In many ways this trip has been similar to a ride on a roller coaster: the ups and downs, the creaks and groans of the rails, the screams and fears of the riders.

Economy Perspective? Watch the Railroads

Economists will give you a variety of opinions on the economy such as it is improving, stabilizing or deteriorating. I believe that we should utilize tools to make our own conclusions as opposed to relying on the well informed opinions of others. One such tool is from the Association of American Railroads. Every week on Thursday, the Association publishes the Weekly Traffic of US Railroads.

Welcome to the TEC Midwest Blog

It is here at last - The TEC Midwest Blog.

TEC creates a confidential environment for senior-level executives where members have no vested interest beyond helping each other succeed.

Protect your assets - Be careful how you bank during economic crisis

As you probably know, in October, Congress approved the FDIC coverage increase on IRA, CD and business accounts from $100,000 to $250,000. This will extend until the end of 2009. So far, boring information, right? Well, TEC/Vistage speaker Edmond Freiermuth sparks up the issue with the following observations:

You can weather this storm - Company leaders must project a positive attitude

Years ago (circa 1991), an acquaintance of mine who was a Wisconsin-based Chicago business owner and won a significant battle against cancer decided to fulfill a dream of a lifetime. He wanted to build a sailboat, and with his wife and friends along the way, sail the world.

He did it when our country was coming out of a recession and his company had just gone public. He decided to go ahead with the worldwide trip because, “my employees were behind it and we were on top of our game.”