January | 2016 | Red Robot


Spike Lee Reflects On His Brooklyn Roots

Director Spike Lee is first to admit, New York City is an advertisement of its own. As a native New Yorker, Lee has long revelled in The City’s unique appeal. Lee has the best of both worlds: He grew up in the borough of Brooklyn, where he continues to work, and lives in Manhattan. He attended New York Graduate Film School and shortly thereafter shot his first feature, She’s Gotta Have It, the story of a woman and her lovers around the streets of Brooklyn. Throughout his 35-film career, he’s never considered leaving New York for Los Angeles. He is in good company: “[Martin] Scorsese’s here, Woody Allen’s here – they didn’t move,” he adds.

His native Brooklyn helped develop the person he is – and it’s often been the subject of his films includingDo the Right Thing, Crooklyn and Clockers. Although Spike Lee’s boyhood Brooklyn has changed, he still praises and credits the people, diversity and culture. Lee is quick to roll call a list of legendary Brooklyn talents like classical composer Aaron Copland, iconic rapper Biggie Smalls, singer-songwriter Barbara Streisand and filmmaker Woody Allen. In Manhattan, Lee is a loyal New York Knicks and New York Yankees fan, often taking the train to the Bronx (where the Yankees play) and going largely unnoticed because it’s packed with fans.

New York City has long been recognizable in TV shows, films and music, especially with the rise of Hip Hop. Spike Lee knows people want to see where it’s all being made. Of course, Lee loves all of New York. Still, his number one New York visitor requirement? “If you come to New York City, you’ve got to get a bike or walk over the Brooklyn Bridge.” He loves the classic view of Manhattan and the magic energy of the city and insists, “If you can, before you leave this planet, you must come here to visit.” For more information, visit Our New York Guide. Visit New York City’s top attractions and iconic spots with ease with an official CityPass.



Spike Lee walking on Brooklyn Bridge

GVs New York

GVs Brooklyn

IV Spike Lee on Brooklyn Bridge

GV New York


PwC’s 19th Annual Global CEO Survey

DAVOS, SWITZERLAND, 19 January 2016 – Two-thirds of CEOs (66%) see more threats facing their businesses today than three years ago. Just over a quarter (27%) believe global growth will improve over the next 12 months, a decline of 10 points on last year.

In addition, findings from PwC’s Annual Global CEO survey show only slightly more than a third (35%) are very confident of their own company growth in the coming year, down four points on last year (39%), and even one point below 2013.

The results, in PwC’s Annual CEO Survey – ‘Redefining business success in a changing world’ – underline a gloomy outlook for the global economy in the next twelve months. More than 1,400 CEOs were interviewed for the research, which is published today at the opening of the World Economic Forum Annual Meeting in Davos, Switzerland.

China’s economic rebalancing, crude oil price falls, and geopolitical security concerns are all impacting an overall increase in uncertainty about the global economy’s growth prospects. Globally, only just over a quarter (27%) of CEOs think global growth will improve over the next 12 months, compared to 37% last year, while 23% think it will worsen (2015: 17%). Levels of optimism amongst North American CEOs is half that (16%) of the most optimistic regions (Western Europe 33% and Middle East 34%). Almost a third of China’s CEOs (33%) believe global economic growth will slow down in 2016.

Revenue growth confidence falls

Confidence in businesses’ own revenue growth for the next 12 months has also fallen (35% ‘very confident’ vs 39% last year). Against this tide of pessimism, CEOs in India (64%), Spain (54%) and Romania (50%) stand out as more optimistic. The biggest turnaround is seen in Taiwan, where only 19% are very confident of short-term company growth, compared to 65% last year – an astonishing slump of 46 points. However, Switzerland has the lowest confidence with only 16% of Swiss CEOs very confident of revenue growth compared with 24% in 2015.

Confidence in revenue growth is also down compared to last year for nearly every major economy in the world: China 24% (2015: 36%), United States 33% (2015: 46%), United Kingdom 33% (2015: 39%) and Germany 28% (2015: 35%). Italy 20% (2015: 20%) and Japan 28% (2015: 27%) remained static.

Only Russia bucks the trend as confidence rose to 26% from a deep low of 16% last year.

Looking at investment prospects, the US, China, Germany and the UK remain the countries CEOs view as most important for growth in the next 12 months. Mexico and the UAE have also entered the top ten in place of Indonesia and Australia.

Commenting on the survey results, Dennis Nally, Global Chairman of PwC, says:

“There’s no question that business leaders’ confidence in both the global economy and their own company growth prospects has taken a knock. No matter what the business size, the threats it faces are becoming more complex, crossing the borders of geopolitics, regulation, cyber security, societal development, people, and reputation. There is a new spectrum of risk for CEOs that represents threats to both national and commercial interests.

“The pessimistic outlook for the year ahead is reinforced by the position of the US, China, Germany and the UK as being the most important for growth again. The fact that CEOs continue to point to these ‘safe havens’ underlines the general uncertainty about where real growth will come from in the long term.”

CEOs see more threats

With heightened concerns about geopolitics, two thirds of CEOs (66%) now see more threats facing their business today than there were three years ago.

As in most years the spectre of over-regulation is seen as the top threat to companies’ growth prospects, with 79% of CEOs citing this – the fourth year in a row that concerns about regulation have risen. However geopolitical uncertainty has jumped from fourth in CEO concerns last year to second this year, cited by 74% of business leaders. As a result, concerns about availability of key skills have dropped from second to fourth, but remain a concern for nearly three quarters (72%) of CEOs. Worries about exchange rate volatility are in third place (73%).

Cyber security is also a worry for 61% of CEOs, representing threats to both national and commercial interests. Concern is highest amongst CEOs in the US, Australia and the UK (74% ) and in the banking, technology and insurance sectors.

Skills and recruitment

Nearly half (48%) of CEOs plan to increase their headcount over the next 12 months, a slight drop on last year (50%). Business recruitment activity is highest in India (70%), the UK (66%) and China (57%).

Concerns about the availability of key skills remains high (72%). Several sectors have particularly high levels of concern, topped by entertainment and media, and technology, while sectors more traditionally aligned with ‘STEM’ skills including manufacturing, pharmaceuticals and life sciences, also feature. Geographically, concerns are highest in Asia Pacific (81%), the Middle East (83%) and Africa (86%), and lowest in Western Europe (59%).

Nearly half of CEOs say they are changing how they develop their pipeline of leaders (49%), suggesting business leaders’ recognition of the wider skills the next generation of CEOs will need to tackle a more complex environment encompassing technology, wider threats, and expectations of stakeholders for their organisations. Perhaps reflecting CEO’s wider views on rising stakeholder expectations and business trust issues, 41% said they were focusing more on workplace culture and behaviours.

Government & business

The top priority for government should be a clear and effective tax system, say 56% of CEOs, followed by a skilled, educated and adaptable workforce (53%), and infrastructure (50%) – both physical and digital.

However CEOs tended to not rate their governments highly – particularly around the effectiveness of the tax system, and income equality. Two thirds (67%) cite a stable tax system as being more important than low tax rates.

Around a third (33%) rate governments as ineffective at safeguarding personal data (26% effective), with China (46%), the US (60%), Brazil (72%) and Argentina (52%) having the highest levels of concern.


The survey underlines technology’s force in business for change and better customer and stakeholder understanding.

Nine out of ten (90%) CEOs say they are changing how they use technology to assess customer and wider stakeholder expectations, and deliver against them. The most significant levels of change are reported in sectors with traditionally high customer service expectations including banking and capital markets (90%), insurance (95%), hospitality and leisure (94%) and healthcare (93%). Overall, more than three quarters (77%) believe technological advances will have transformed expectations of businesses over the next five years.

Data and analytical tools, and CRM systems are seen as having the greatest return for stakeholder engagement. This is followed by R&D and innovation cited by 53% of CEOs globally, with CEOs in Taiwan (76%), Brazil (72%) and Germany (67%) prioritising it higher than the global average.

Internally however, technology & data analytics still has untapped potential. In talent management, only 4% report using predictive workforce analytics, and 16% use it to focus on productivity. Concerns about the speed of technological change as a threat to growth prospects is being felt most acutely in the banking and capital markets sector (81%), 20% higher than the global average (61%), followed entertainment and media (79%), and technology (66%) sectors – mirrored in CEOs concerns about skills in these sectors.

Trust and purpose in business

This year’s survey examines how CEOs are preparing to respond to changing customer and wider stakeholder expectations of business. 59% of CEOs say businesses need to do more to communicate their purpose and values.

Trust is certainly a concern, as CEOs consider changing stakeholder needs. More than a half (55%) of CEOs are concerned about the lack of trust in business, compared with 37% just three years ago.

But there are barriers to responding to changing expectations. Many CEOs (45%) say additional cost is stopping them from taking action to respond to greater expectations. Unclear or inconsistent standards and regulations, cited by 42% of CEOs, is also a significant barrier.

In five years’ time, more than three quarters (77%) believe technological advances will have transformed expectations of businesses on communication, reporting, investment and planning. In addition, 71% of CEOs believe that in five years’ time, successful companies will be guided by a purpose centred on creating value for wider stakeholders. 87% say companies will prioritise long-term over short-term profitability. Overall they believe that customer and other stakeholder needs will be more important than shareholders’ in successful organisations.

Adds Dennis Nally:

“The CEO environment is a challenging one. They recognise the wider stakeholder expectations of their business. Reshaping companies built on profit alone into ones where profit and purpose combine, is not going to happen quickly or easily, but it’s a transformation that is already starting and that businesses need to keep pace with.”



About the survey:

PwC’s 19th Annual Global CEO Survey was conducted during the last quarter of 2015, with 1409 CEO respondents in 83 countries. Regionally, 476 interviews were conducted in Asia Pacific, 314 in Western Europe, 170 in Central and Eastern Europe, 169 in Latin America, 146 in North America, 87 in Africa and 47 in the Middle East. Download the full survey or examine the results in detail at www.pwc.com/ceosurvey.



· Davos – General views (2:11)

· PwC at Davos – General Views (1:04)

· CEOs confidence in global economy is falling (1:34)

· CEOs Confidence is up in Europe – down in every other region (0:43)

· CEOs say regulation and geopolitical uncertainty are biggest threats (1:28)

· Conclusion to survey. CEOs are dealing with a lot of moving parts (1:43)

Jan, 20, 2016