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Stock impact report

Key Words: Despite Gary Cohn’s claims, former CEO says companies would probably ‘pocket’ tax cuts [MarketWatch]

Brightcove Inc. (BCOV) 
Last brightcove inc. earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.brightcove.com/investor-relations
Company Research Source: MarketWatch
Despite Gary Cohn’s claims, former CEO says companies would probably ‘pocket’ tax cuts So would a massive corporate tax cut really create more jobs and higher salaries for average workers, as the Trump administration claims? In the words of one former CEO, that’s “bonkers.” David Mendels, the former chief executive of online video company Brightcove, and before that an executive at Adobe Systems Inc. ADBE, -0.68% , wrote a blog post on LinkedIn last week giving his thoughts, from a CEO’s perspective, on the proposed Republican tax overhaul. His conclusion? A tax cut might be good for companies and their shareholders, but that’s about it. “As a CEO and member of the Board of Directors at a public company, I can tell you that if we had an increase in profitability we would have been delighted but it would not lead in and of itself to more hiring or an increase in wages,” Mendels wrote. “Again, we would hire more people if we saw growing demand for our products and services. We would Show less Read more
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