Want to lose one million more jobs?
Just keep talking.
All Americans are angry at the recent revelations of bad judgment and excess by some corporate leaders - especially when the result is a taxpayer-funded clean up.
However, targeting business meetings and events is the wrong answer.
With their political rhetoric and shortsighted legislation, Congress is sending a message to TARP recipients and every other business that Congress doesn't want those meetings to happen. The results are predictable. Thousands of companies — not just TARP recipients — are cancelling their meetings out of fear.
For every meeting that is cancelled, jobs are lost — it's that simple — and it's happening all across the country. 1 out of every 8 jobs in this country is linked to travel and tourism – and those Americans will be even angrier if they lose their job because of political rhetoric.
The overwhelming majority of business meetings are not for senior executives — they are for top salespersons, high performing employees, valued customers, and business partners. Business is done and companies grow because of these meetings and events.
We've released a code of conduct for companies using taxpayer dollars. We encourage Congress and Treasury to embrace these standards — and stop the rhetoric. Visit our website for more details — www.meetingsmeanbusiness.com.