The Business Roundtable was founded in 1972 by Alcoa Group CEO John Harper and General Electric Company CEO Fred Borch, who were concerned about social hostility towards large corporations and developments in federal and labor laws.
Constantly increasing scale in a competitive environment in the international Market.
John Bowden Conley, Secretary of the Treasury under President Richard Nixon, and Chairman of the Federal Reserve Arthur Booms, after discussions with John Harper and Fred Borch, decided to create a lobbying organization that would specifically represent large corporations and banks and John Harper became the first president, followed by Thomas Murphy of General Motors, Irving Shapiro of DuPont, and Clifford Garvin of Exxon.
The group was formed from a merger of three pre-existing organizations: the March Group, which includes business leaders who meet informally to discuss public policy issues, the Construction Consumer Inflation Control Roundtable, the Construction Cost Control Group, a committee to study labor law.
According to a US Congressional Oversight study, at least 58% of Business Roundtable members paid bribes and illegal commissions during the five years of the study (1973-1978).
The Business Roundtable played a key role in the failure of the antitrust laws of 1975 and the failure to create the Ralph Nader Consumer Protection Agency in 1977. He fought to limit the impact of the Humphrey-Hawkins Full Employment Act.
But his most important victory was blocking labor law reform. Reforms to strengthen labor laws and make it more difficult for companies to control unions. The Business Roundtable was successful through aggressive lobbying to block the 1977 AFL-CIO Bill, which was a task force in the United States, but the Senate already needed 60 votes to block it in the House of Representatives.
In terms of fiscal policy, the Business Roundtable is responsible for expanding the tax credit granted under President Ronald Reagan's 1985 Act, particularly the drastic corporate tax cuts.
In terms of trade policy, he advocated opening foreign markets to American trade and investment.
The Foreign Trade and Competition Act of 1988 defines the Trade Roundtable process. In 1990, the Business Roundtable asked President George W. Bush to negotiate a free trade agreement with Mexico.
In 1993, the Round Table lobbied for NAFTA and all the major labor and environmental agreements. He provided the money and leadership to maintain the core pro-NAFTA lobby. In 1991, Prudential Financial CEO Robert S.
The Business Roundtable Health Care Committee, chaired by Winters, welcomed President Bush's plan, which included subsidies primarily for the healthcare industry.
The Business Roundtable successfully advocated for changes to corporate governance that would make boards and managers more accountable to shareholders. In 1986, he persuaded the Securities and Exchange Commission to abandon new mergers and acquisitions rules, and in 1993 he persuaded President Bill Clinton to limit his plans to approve executive pay increases.
Citigroup CEO John Reed, chairman of the Business Roundtable Accounting Working Group, believes Clinton's plan will have a negative impact on America's competitiveness.
He strongly advocated the passage of the No Child Left Behind Act of 2002, “which expanded the federal government's role in education through annual school exams, teacher development, and funding mechanisms; he's actively working with states to implement it.
The Business Today Roundtable serves as the primary lobby for extending or retaining directorship rights in large corporations. In 2010, he strongly opposed the Securities and Exchange Commission (SEC) granting shareholders access to proxy rules, which are meant to give shareholders more power to nominate and appoint directors of large companies.
Roundtable President of Business John Castellani spoke publicly and strongly against the rule; And in this battle, the business roundtable ultimately won: the Securities and Exchange Commission rules were finally repealed.
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