Economists refer to it as the agency problem: The incentives of executives are misaligned with the incentives of the company. If you have stock options that vest in five months, who cares what happens in five years?
Amy Sieffert, a Stockton native, has been running a vintage clothing business since 2010 — but she had to leave her hometown to make a profit. On weekends, she would travel to Sacramento and the Bay Area because there were no local makers markets where she lived. To help turn this ghost town into a local hotspot, Sieffert and business partner Katie Macrae created the Stockmarket, a seasonal market that showcases Central Valley artisans.
Attendance is up, and that’s translating to big bucks for the Capital Region and beyond.
As California’s banker, Treasurer John Chiang has the responsibility of managing the state’s investments and financing. We sat down with him recently to talk about the California economy and his calls for the state to increase affordable housing and for corporate boardroom diversity.
The day Superman died, I was one of millions of people in line throughout the country. It turned out that I could not have picked a worse time than the early 1990s to start collecting comics. I knew nothing about speculation, and larger economic forces of which I was completely ignorant were at work. Shortly after Superman died, he nearly took the entire comic industry with him.
Innovative thinking and new market pressures are removing many of the barriers that once stood between small businesses and the capital they need to launch and grow. Now more than ever, small and medium-sized companies are finding success by raising funds from everyday investors.
In 2012, the Capital Region ranked 48th of a total of 100 metro areas on total value of exports and 95th on export intensity. Can more be done?
Barry Broome has been tapped as the president and CEO of the newly formed Greater Sacramento Area Economic Council and will drive the organization’s mission to attract businesses to the Capital Region. His extensive background in economic development includes six years as the CEO of Southwest Michigan First and 10 years as the president and CEO of the Greater Phoenix Economic Council.
Lawson says Ygrene has approved $60 million in loans for energy upgrades in Sacramento, Yolo and Butte counties and estimates that installed upgrades will result in the reduction of 40,000 metric tons of CO2 over their lifetimes.
Once you’ve invented the best thing since wearable technology, you’ll probably want to fund it. To impress the pockets out of investors, you’ll need to: