CEOs in the Philadelphia region addressed jittery customers as they weighed in on inflation and federal policy changes at a Friday event organized by the Chester County Chamber of Business and Industry and the Chester County Economic Development Council, writes Jeff Blumenthal for Philadelphia Business Journal.
“What we’re telling our clients, along with making sure that portfolios are balanced and they’ve got the right mix of stocks and bonds in their portfolios, is not to overreact to the latest news last month, this week or next week,” said Vanguard Group CEO Salim Ramji.
Wawa CEO Chris Gheysens said Wawa customers are spending less in stores because of economic uncertainty, he said, so Wawa is leaning into what people need, not just functionally but even emotionally.
Gheysens said Wawa employees continue to feel involved because they own 40 percent of the company’s stock and vote on corporate matters, including how much Gheysens and other top executives are paid.
Children’s Hospital of Philadelphia is in a unique position because of threats to Medicaid and NIH funding.
CEO Madeline Bell.is holding extra town meetings with employees to make sure they are heard.
“I would say it feels very much like the pandemic for our team — lots of uncertainty, lots of concern about them and their careers and our patients,” said
Find out more about CEO reaction to the current economic situation in Philadelphia Business Journal.
