He also owns and operates an oil and gas exploration and production company. In his current role with CACI, he works to ensure that public policy reduces the cost of doing business, preserves free enterprise and provides the necessary infrastructure for commerce. And it is from that vantage point that he predicts an increasing demand for liberal arts graduates. We're in a new economy that's changing so rapidly that it's like walking through a river. As the Buddhists say, you can never step into the same river twice.
Business has to be mean and lean.
For example, Cassidy noted, only six of the companies listed among the Top 25 companies in the Fortune 500 during the 1960s still make the Fortune 500 list. In 1965, IBM had 2,500 competitors worldwide. In 1992, it had 50,000. Unemployment is at an historic low of 4.2 percent, but employment with large American corporations has dropped by more than 3.6 percent. In 1982, for example, only 13 people could claim to be billionaires.