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November 2010
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Chief
Executive Boards International Update
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Tell and Show
 "A leader with no followers is
just a guy out taking a walk" says Harry Loyle, Managing Director of Cybeck
Capital Partners.
Harry presented an Executive Briefing at a recent Chief Executive
Summit.
His change management mantra is "Tell and Show".
We learned in grade school how to "Show and Tell". This is different.
Time to Contact
Your Senator
Urgent - This Week
Another assault on your rights as an
employer is in the works. Contact
information for your Senator
The US Senate is scheduled to vote on the
Paycheck Fairness Act (PFA) during the week of November 15-19. This bill
would significantly:
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Restrict the factors used to determine
compensation of employees
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Authorize the Equal Employment
Opportunity Commission (EEOC) and the Department of Labor (DOL) to collect
wage information from employers of all sizes
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Encourage employees to publicly
disclose their colleague’s wages
That's not enough? There's
more to this anti-business agenda -- a trial lawyer's dream come
true. US
Chamber of Commerce Action Center EZ Link
C Corporations - Heads Up
Depending on Congressional action in the upcoming Lame Duck session, tax rates
on dividends from C Corporations may retain their currently-low 15% rate, or
could return to ordinary income tax rates -- as high as 39.6% in
2011. Or something in between.
If you own a C Corporation, you may want to have some contingency plans in
place to dividend some money out of your company by December 31. Read on......
4 Reasons Net Profit is a Poor
Incentive Compensation Metric
You probably believe people will work harder and perform
better if they're rewarded for their accomplishments. You probably also
wish your employees were focused on the same goal as yourself -- growing the
company's net profit.
So, why not construct an incentive compensation program that
pays employees more when net profit improves?
Because it doesn't work.
If you're paying out part of your net profit in a plan that
includes most of your employees, you're probably wasting your money. That
is, if you expect the incentive plan to be driving employee
behavior. If you're just feeling guilty about making too much
money, it's as good a way as any of solving that problem.
Here are 4
Reasons Net Profit is a Poor Incentive Compensation Metric.....
The First Step in Your
E-Marketing Strategy
In business-to-business marketing, communicating with customers
and prospects by email is still the simplest, cheapest and most effective way of
keeping your brand at the top of their minds. Of course, it's essential to
have something useful to say -- something that's helpful to them in their
businesses or their lives.
More importantly, though, you need to have a great list of email
addresses for both prospects and customers. If you don't happen to have
those, how do you get them?
Simple -- ask. Here's a blueprint
for how to do that....
And, as always, we're
interested in your ideas for newsletter articles. Would you perhaps write
a guest Editorial? Please let us know if you have ideas or material you'd
be willing to share with others.
Thanks,
Terry Weaver
CEO
Chief Executive Boards International
TerryWeaver@ChiefExecutiveBoards.com
864 527-5917
www.chiefexecutiveboards.com
www.chiefexecutiveblog.com
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Listing
of all
2011 Local Board Dates
Rave
Reviews for Fall Summit Executive Briefings
If you missed the Summit or
haven't checked out the Summit Videos, click
here
Credit
Card Fees Too High?
If
you accept credit cards in your business and you haven't
recently checked what you're paying for Interchange Fees, it may be a
good time to do so.
Use
CEBI's quick
quote process to compare what you're paying now with
some low business-to-business rates we've found.
Health
Care Reform -- Business Owner's Best Friend?
Business
owners expect their health care costs to go up, and they're
probably right if they continue using group health insurance
as their sole source of health care benefits.
There
is an option.
You have the choice of establishing your own Medical Expense
Reimbursement Plan (MERP), which makes several provisions of
the Health Care Reform bill work for you rather than
against you. Click the video
link below for more
Click
here for analysis of your MERP cost-savings
opportunities
Ask
a CEO
Do
you have a question you'd like posed to the CEBI community?
If so, just click on Ask
A CEO.
Your
question will go out anonymously and the replies will be
forwarded directly back to you.
Nominate a Member
Several CEBI
members responded to a recent reminder for new member
nominations. Would you do someone else the favor of
introducing them to CEBI?
Just use this Nomination
Form, and we'll contact you to decide the best
way to approach your nominee.
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Chief Executive Boards International is an
exclusive group of business owners, presidents and CEOs whose members are
committed to helping each other achieve both their business goals and their
life goals. Members
meet regularly to help each other become
more focused, effective and strategic.
The result? More
fulfillment. More
free time. More
profit.
Are
you a CEO, President, Business Owner or GM of a profit center?
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