We (Grahall) and our clients find ourselves in an unprecedented time. As an author once said “may you live in interesting times”. We guess that many of our clients are feeling that this environment is all one could ask for when it comes to “interesting”.
On every front (world economic recession, government interjection into business, the public’s outrage over compensation levels, the failure of our regulators, union activism, etc.) we face these “interesting” times at a level that may have few historical comparisons.
It may be that what many of us have said for years is finally becoming clear, nearly everything is related. Today’s macro environment consists of the following:
- Not only will the government probably pass some of the most far reaching (some would argue overreaching) changes to the American industry regulatory system but the government will also attempt to once again interject itself into the compensation world with a renewed vigor and with the backing of a population of angry voters.
- The public is rightly angry and upset with the financial system and the behavior of many of the financial institutions that have needed taxpayer assistance only to turnaround and limit loans to business.
- Business has contracted and the effect has been felt in every city and state in the country.
Grahall’s own micro environment is also in turmoil. At our roots we are a consulting firm that has been traditionally retained to work with the Board of Directors and or management in an effort to make their organizations more effective. Our competitors are still in a state of denial when it comes to the conflicts of interest that come about when the financial interests of consulting firms overshadow other more important stakeholder interests.
We project that this environment will become ever more turbulent in the future. What will never happen at Grahall is the direction of all of our efforts in any way other than toward the success of our clients in an un-conflicted manner.