Business Outlook

Before Covid-19 took over the 24×7 news cycle, public relations nightmares—à la Boeing, WeWork, and Theranos—were fodder for the type of headlines the business world feared most. Rather than the word "coronavirus," it was phrases like "whistleblower complaint" and "data breach" that sent shudders down the spines of corporate boards and C-suites from coast-to-coast.

While the current pandemic is sure to dominate our collective headspace for the foreseeable future, corporate PR debacles of the "ordinary" kind—read: fraud, shareholder disputes, employment and #MeToo issues, etc.—will regain their place in the news before we know it. Until then, there is a lot to be learned from certain of our federal and state governments that have been caught seemingly flat-footed by—and in some cases unprepared for—our current healthcare and economic disaster. The most basic lesson: Advanced crisis management planning, stress testing, and strategy are critical for any entity that could find itself staring down the barrel of a catastrophe, no matter the scale.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.