Ideas
Northern Trust investment managers are less optimistic about economy
Investment managers are becoming less positive on the U.S. economy and corporate earnings due to the expected negative impact of a recession in Europe and slower growth in China, according to a survey conducted in the second quarter by Northern Trust Bank.
Cole Taylor Bank opens branch in Franklin
Chicago-based Taylor Capital Group Inc. announced that Cole Taylor Bank is expanding its commercial banking business into southeastern Wisconsin through the opening of a new office in Franklin.
Town Bank to open Menomonee Falls branch
Hartland-based Town Bank plans to open a new office in a freestanding building in The Woodlands Market retail center in Menomonee Falls. The bank will hold a grand opening in the late summer or early fall.
Median asking price drops
The median asking price for Milwaukee companies listed on BizBuySell.com dropped to $259,500 in the second quarter, down 5.6 percent from a year ago.
Tannenbaum is new chief economist for Northern Trust
Northern Trust Bank has appointed Carl Tannenbaum, a banking industry leader in economics and risk management, as its chief economist.
Solid companies are straight as their board
Dennis Ellmaurer recently wrote an article that appeared in the May 14–27 edition of Biz Times entitled, “You Can’t Help But Ask: Are CEO’s idiots?” Talk about an attention grabber! Mr. Ellmaurer went on to cite several examples of once highly-successful companies that failed…companies like Joseph Schlitz Brewing Company, Allis-Chalmers Manufacturing Company, and Midwest Express Airlines to name a few. The balance of his article stated several reasons why these companies failed including “Bad Strategy, Rotten Execution”, and “People (in wrong jobs).” However, the caption “The Reality Check” caught my eye and provided the spark to write this article. In this caption, Mr. Ellmaurer states, “my guess is the CEO’s of some of these failed companies would have been better served with a strong board of directors that knew when and how to challenge the strategic thinking of the CEO.”
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Hot Water acquires American Mechanical
Hot Water Products, a Milwaukee water heating products company, has acquired American Mechanical Services, a Milwaukee steam products company.
Palermo vote set
Palermo's Pizza workers will vote July 27 on whether to form a union, the NLRB decided last week.
Koss launches Mossy Oak headphones
Milwaukee-based Koss Corp. announced a partnership with Mossy Oak.
Johnson Outdoors streamlines Watercraft business
Racine-based Johnson Outdoors Inc. unveiled a plan to improve the profit profile of its Watercraft business.
