Michael O’neal | Ceo

Michael O’neal | Ceo
The End of the World As We Know It

Imagine waking up and reading the following: “China’s fast-growing middle class demanding higher wages and better working conditions.” “Global demand for raw materials creates 400 percent increase in manufacturing raw material costs.” “Major U.S. manufacturer set to recall 20 million products due to traces of banned substances in their product.” “China’s government reduces VAT refunds reducing manufacturers/exporters profitability.” It is happening and will continue to happen. The implications are clear that we are entering a new age where we will need to be much smarter at running our businesses. The last 20 years will prove to have been relatively easy compared to today. What has

Taking a Position

So what does living in New Jersey, joining Philips Consumer Electronics and conducting business with Wal-Mart have in common? All three have confronted the increasing need to address our environmental issues directly. New Jersey started its recycling programs many years ago and residents must comply or their trash will not be collected. Philips’ dedication to environmental sustainability is unmatched, requiring licensees and employees to back the company’s dedication. And finally, Wal-mart has turned a reactive business posture into an aggressive strategic position of being a leader in pushing environmental sustainability. Living in all three worlds makes it clear to me that we will have