Don’t Be an Empty Suit: Create Your Own Luck by Building Strategic Relationships
Sometimes I go out for sausages with Steve. He’s a partner at a law firm. I met him at one of those interminable industry mixer events, chitchatting, complaining about the event and the lack of good food, and suddenly I asked him, “Hey, man, want to go get a sausage or something like that?” We...
Keeping an Edge:  How the Best Keep Getting Better
Professional development is a concept that’s integral to the continued success of individuals in any number of industries. Everyone wants to get better—to do their best no matter if it’s hitting the golf course on a Sunday or building a professional network at a TMA event. But when it comes to...
My View
In my 45 years as a professional economist, human resource economics has been an important part of that experience. I've taught, consulted, and published in the field. As an economist, I take a broader perspective on this topic. Here, I wish to offer perspective on what has become an extraordinary...
Making the Tough Call on a Leader
Good CEOs can become paralyzed when they have a senior executive who they know needs to exit the organization. Financial or strategy decisions often pale in comparison and can be made relatively easily based on data, while decisions to exit a leader often entail a heavy emotional cost for the CEO,...
What to Know Before a Union Knocks on the Door
All too often, managers of businesses continue along a path believing workers are very productive, well compensated, enjoying great benefits, and happy. These indicators are a few of a healthy work environment, but they are not the only reasons why employees seek out a union or a union seeks out...
Cemex Changed the Game
On August 25, 2023, the National Labor Relations Board issued a decision in Cemex Construction Materials Pacific LLC , announcing a new framework for determining when employers are required to bargain with unions without a representation election. Under the new framework, when a union requests...
Calm After the Storm: Practical Tips for Restoring Culture After a Strike
H appy families are all alike; every unhappy family is unhappy in its own way. Tolstoy’s opening line of “Anna Karenina” could easily describe the challenges facing companies and unions after a strike ends. Almost a half-million workers were called out on strike in 2023, which has been dubbed the...
Union Avoidance: What Turnaround Specialists Must Do
Turnaround specialists deal with countless challenges, both internal and external, when trying to assist organizations find their footing and stability. But one challenge that many of those specialists probably haven’t thought about much until recently is labor union organization. According to the...
U.S. Labor Relations and the Potential Impact on Turnaround Strategy
Unions and the agency that governs them—the National Labor Relations Board—have seemingly dominated headlines more in the last three years than they have in the last three decades. The ongoing nationwide union organizing drive at Starbucks has fueled renewed interest in unions and exposed a new...
The Information Economy: Knowing What’s Public in Chapter 11
Companies in Chapter 11 must publicly report substantial financial information. Stakeholders should be familiar with what information must be publicly reported or disclosed under securities laws, the Bankruptcy Code, and Bankruptcy Rules. It’s also crucial for turnaround and restructuring...