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Author Archives: Special to the RBJ

Chetna Chandrakala: Time is money you can give back to the community

After Chetna Chandrakala moved to Rochester in 2006, it was the first time in her working life that she didn’t have a commute. She had commuted one to three hours every day whether working in California, Chicago, Delhi, London or ...

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On the tyranny of shareholders and the paradox of reverse agency (access required)

The increasing pressure from shareholders is resulting in company executives making strategic decisions more frequently. Shareholders, enabled by technology, have a better view into the company’s ongoing affairs, are more capable of voicing their concerns, and are able to more ...

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As 2020 approaches, some year-end tax planning ideas for individuals (access required)

Year-end tax planning for 2019 takes place against the backdrop of legislative changes that occurred in late 2017 that fundamentally altered the tax rules for individuals and businesses. The Tax Cuts and Jobs Act (TCJA) was the largest tax law ...

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Want to be a philanthropist? To do good, follow your passions

Running a successful business and nurturing family life is a delicate balance. Yet many local professional women somehow manage to find the time to share their business expertise with nonprofit agencies. If recent distribution of wealth is any indication, nonprofits ...

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Use social media to build better informed viewpoints

For many of us, the comment section under posts on Facebook, Twitter and others is a place we avoid. Even the most well-intentioned posts can set off a string of responses that can contain inflammatory language that is meant to ...

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Keep the faith: Economy continues growth pattern (access required)

 The world is a chaotic place, with numerous geopolitical, economic and business conditions suggesting that financial markets are due for a pause.  In spite of this, the Dow Jones Industrial Average, the Nasdaq Composite Index and the S&P 500 Index ...

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Collaboration a key to nonprofit success

As a retired human resources executive, Carmen Allen spent her career bringing people together to drive success—so it was only natural for her to start using those talents to help others in need. Allen, a member of the Memorial African ...

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Prepare for the new year with some corporate financial housekeeping (access required)

For individuals and organizations alike, the end of the year is a time for making plans. But not just the kind that involve shopping or holiday parties. Plans for the future. When it comes to businesses, that often involves considering ...

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Company valuables include often hard to define trade secrets (access required)

Corporate trade secrets are an important part of a company’s intellectual property, but they can often be overlooked, says Jeffrey Allen. “Trade secrets are like the little brothers at the kids table at Thanksgiving,” says Allen, a member at Bond, ...

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Ollie’s Bargain Outlet announces death of founder and CEO Mark Butler (access required)

Mark Butler, founder and CEO of Ollie’s Bargain Outlet Holdings Inc., died Sunday, according to company officials. The 61-year-old passed unexpectedly while spending the Thanksgiving holiday weekend with his family. Butler rose to prominence in the Central Pennsylvania business scene ...

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Delaying Medicaid payments would be harmful to hospitals (access required)

There are dark storm clouds on the horizon for hospitals and healthcare providers in the New York State budget. According to reports released in October by the New York State Division of the Budget and the New York State comptroller, ...

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Rochester labor market looking strong as year end approaches (access required)

Total payroll employment in the Rochester area was 5,200 or 1.0 percent higher than year-ago levels.   While trailing the 1.4 percent national average increase, this was the fastest growth so far this year—and more than double the 0.4 percent gain ...

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6 big innovations that could change Rochester’s economy (access required)

Last month, our organizations—NYSTAR and FuzeHub—hosted the New York State Innovation Summit in downtown Rochester. More than 500 New Yorkers gathered together to immerse themselves in the state’s innovation ecosystem. This eye-opening event gave us an early look at the ...

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Stay alert to bogus opportunities offered by investment scammers (access required)

Schemes, scams and swindles have continued throughout history.  A recent example of investment fraud with a local nexus underscores the importance of a rigorous due diligence process when selecting a financial services professional or when evaluating products and services offered ...

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