A Message from Our CEO – August 2022

Dear Friends,

I thought we would do a light piece in the lazy days of summer so I picked political partisanship. A new study suggests that executives are more likely to be Republican (68% this year compared to 65% in 2020), but what is notable in the research is the clustering of one party or another within organizations. The Dems are with Dems and the GOP hang together. Like-minded political affiliation may bring groups together, but groupthink hampers innovation. And generational divides are causing headaches for CEO’s as a younger, more socially-active generations is voting with their pocketbook. They are pushing companies on a whole range of social issues front and center, switching brands, and taking their friends with them.

Our second article from Fortune Magazine says Millennials’ #1 priority is equity and inclusion, while Boomers ranked equity and inclusion last. So what’s the lesson here? The generational shift in leadership is dawning and the priorities of the workplace today will look a lot different in the near future. I would pay a lot more attention to what Millennials want, both as employees and consumers. They are going to get their way one way or another. It's better to be ahead of the curve.

Generations. Do. Matter.

Warren