There’s a lot of updating going on locally—and a lot of uncertainty. Major local firms have brought in new CEOs. Local media outlets are wondering what to do as news consumers head for the Internet and revenues decline. Retailers are trying to determine which direction (or directions) consumers are heading, and are updating their own looks.
Meanwhile, there’s the specter of potential recession, which is being summoned thanks to high levels of consumer debt—not to mention the subprime mortgage crisis, which could turn out to be this economic cycle’s version of the dot-com bust. And the state’s unemployment rate has been, remarkably, higher than the national percentage.
How local businesses will soldier on during this time of uncertainty and reinvention is what we’ll be watching in 2008. And the following top executives will be on the front lines.
David Sternberg and Liz Picking
Senior Vice President and Regional Managing Director,
Director
of Retail Leasing, Brookfield Properties
Lorna Nagler
CEO and President, Christopher & Banks
Simon Stevens
CEO, Ovations
