22:03:36

What's new in the business scene

Magazine cites auto dealers - Two Poughkeepsie auto dealers have made this year's list published by Black Enterprise Magazine. They are among 29 New York companies listed in the 35th year of the "B.E. 100s" report, which looks for the top-grossing black-owned businesses across the country.

BMW of the Hudson Valley Poughkeepsie, owned by Jerry Walter, grossed more than $4.1 million, the survey said. Poughkeepsie Chevrolet Cadillac, Inc., owned by Raymond Wilkinson III, grossed more than $29.7 million.

APPOINTMENTS

Riverside names McCourt - Dennis B. McCourt, of Marlboro, was appointed vice president and commercial loan officer at Riverside Bank's Newburgh office, 52 Route 17K.

McCourt has 25 years of banking experience. Most recently, he was senior commercial loan officer at Sawyer Savings Bank in Marlboro.

17:22:21

Honda Gets It Right

Roger Ehrenberg submits: One of the things that really irritates me about the U.S. public markets - and the mind-set of many U.S.-based institutional investors - is an emphasis on short-term results. There are inherent, structural, perverse incentives for corporate executives to do things that maximize short-term results to the detriment of long-term shareholder value. And this is a shame, for investors, executives and the economy alike.

Every so often I read a story that flies in the face of this approach, providing an example of a company or companies that eschew short-term thinking and instead choose to take the long view. And I know, I KNOW, this is the right thing to do. I just read one of these stories, and surprise, surprise, the company mentioned is not a U.S.-based enterprise - Honda Motor Company (HMC).