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Economic Trends and Your Board [Podcast]

The latest episode of the Governing Health podcast series explores important economic trends and indicators, and their implications for boards and committee discourse. In this episode Michael Peregrine welcomes special guest John Challenger, CEO of executive outplacement firm Challenger, Gray & Christmas. John recently appeared on the Today Show and is one of the foremost thought leaders on the US economy and workforce.

This episode tackles the following issues:

  • The "million dollar question" of how long the economy will continue to grow, and when the finance committee should expect to see signs of a recession

  • The ramifications of the latest unemployment and job creation statistics

  • Whether the sudden termination of John Flannery indicates a new phase of “short termism” with respect to board oversight of the CEO

  • The trend of long-time CEOs keeping their jobs longer

  • The interplay of corporate economics and corporate social responsibility in recent developments, such as Amazon’s decision to raise its minimum wage to $15 and Harvard's wage practices aimed at benefitting low-pay service workers

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About this Author


Stephen W. Bernstein is a partner in the law firm of McDermott Will & Emery LLP and is based in the Boston office.  He is head of the Firm’s Health Industry Advisory Practice Group.  He specializes in e-health, deployment of electronic health record systems, health related matters impacted by the Internet and HIPAA, as well as mergers, acquisitions, affiliations and joint ventures in the hospital and physician areas. Stephen has particular experience working with regional electronic health record collaborations as well as pharmaceutical, biotech, device companies,...

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Michael Peregrine Corporate Governance Lawyer McDermott

Michael W. Peregrine is a partner in the law firm of McDermott Will & Emery LLP and is based in the Firm’s Chicago office.  He represents corporations (and their officers and directors) in connection with governance, corporate structure, fiduciary duties, officer-director liability issues and charitable trust law.  Michael is recognized as one of the leading national practitioners in corporate governance law.

Michael is outside governance counsel to many prominent corporations, including hospitals and health systems, voluntary health organizations, social service agencies and health insurance companies.  He frequently serves as special counsel in connection with confidential internal board reviews and investigations.  He regularly advises boards on fiduciary duty issues associated with complex business transactions.