A Day in the Life

Issue 10.39

October 4, 2024

EPISODE 22 | A DAY IN THE LIFE OF A CEO

FEATURING TOM HORNE & KATIE KUTLER

Running a business—regardless of its size—demands strategic acumen, dedication, and adaptability. While both share the foundation of serving a mission and objectives like profitability and growth, the challenges and nuances between managing a large enterprise and a small business diverge significantly. In this episode, Kelly sat down with two Delaware business leaders, Tom Horne of JPMorgan Chase and Katie Kutler of Kaffé KARMA, to explore the vast differences and fundamental similarities between running their respective organizations.

Listen to the episode on your favorite streaming platform >

Check out past episodes of the Conversations with Kelly podcast >

DELAWARE COMPETITIVENESS

HOW HIGHER CORPORATE TAXES WOULD AFFECT DELAWARE

A competitive corporate tax rate is crucial for fostering economic growth and attracting investment. When businesses face lower tax burdens, they have more capital to invest in operations, innovation, and expansion, leading to job creation and increased productivity.

The U.S. Chamber of Commerce calculated the amounts by which raising the federal corporate income tax rate from 21% to 28% would result in higher prices for consumers, lower wages for workers, and lower returns to shareholders in every state and congressional district. View the data >

The effects of raising the corporate tax rate to 28% in Delaware over 10 years:

$2,907,986,475

Delaware's total 10-year cost of raising the corporate tax rate to 28%

$888M

in lost wages for workers

$1.5B

in higher prices for consumers

$519M

in lower returns to shareholders

MEETING PEOPLE

WHERE THEY SHOP

This past August, the Delaware Department of Labor (DOL) teamed up with the Christiana Mall in Newark to offer shoppers a unique experience— showcasing an agency-wide array of services benefiting our community, local families, jobseekers, and employers alike. “Thousands of our local shopper base have also relied on our shopping center for employment,” said Steve Chambliss of Christiana Mall. “This partnership is truly a win-win for everyone.” Read more >

AI SKILLS FOR ALL

The rapid revolution of artificial intelligence (AI), particularly

generative AI and related tools,

has ushered in an era of unprecedented technological change. Google has

long been committed to

empowering individuals with

the skills and knowledge necessary

to navigate this new landscape,

and has deeply invested in providing equitable access to computer

science (CS) education and

technical skills for over a

decade. Read more >

PRESIDENT'S MESSAGE

Discussions have been ongoing for weeks between U.S East Coast and Gulf Coast ports and the International Longshoremen’s union over a new contract. ... “Every importer, exporter, and even domestic shippers should be watching developments very closely this week because the impacts of a port strike on the U.S. East Coast and Gulf Coast ports could potentially impact all modes if there is a strike, and if it last longer than a few days,” said Brian Bourke, global chief commercial officer of Seko Logistics, in a CNBC story. Read more >

PHOTOS OF THE WEEK

Delaware business leaders and elected officials gathered

in Dover on Wednesday for our Developing Delaware Conference

In Case You Missed It