The strength of the economy here is with emerging companies entering into really new businesses based on new technologies , says Stanley Feldman
, a Bentley College professor of finance.Their focus is on business.When these businesses mature , they'll begin to look for other things to take_up their time and money.That's when you'll get their involvement..
Some observers aren't so sure.The leadership of companies like the Boston Globe and Bank of New_England saw part of their responsibility as being the stewardship and improvement of the city and its institutions , and I think there are few of the suburban companies that you could put in that category , says the chief_executive of one big local corporation who has_been a civic booster.
All of a sudden , what you've got is a series of firms owned by outsiders , not Bostonians , says Feldman
.Therefore , their linkages to the community are tenuous at best.Most of the discussion that often takes place about this area no_longer takes place in this area..
The Vault was made_up almost entirely of CEOs whose companies were based in and around Boston
, whose relatives and employees lived here , and whose ancestors in many cases were involved in the community for generations.Now the power in the local corporate world is in the hands of strangers.