The Heiman file Featured

12:16pm EDT May 23, 2005
Name: Gary Heiman

Born: Cincinnati

Education: Washington University, St. Louis, undergraduate studies; Georgia Institute of Technology and the Saurer Institute, Arbon, Switzerland, post-graduate studies

First job: Standard Textile, 1975

Civic involvement: Chairman of the board, Jewish Hospital of Cincinnati; executive committee and board, Greater Cincinnati Chamber of Commerce; board of directors, Medpace Inc.; officer and board of trustees member, Jewish Foundation of Cincinnati; vice president, Jewish Institute for National Security Affairs; officer of the Israel Policy Forum; previous board member, Health Alliance of Greater Cincinnati

Whom do you admire most in business and why?

I admire leaders who successfully lead global organizations and sustain their leadership and success year after year. I admire Jack Welch because I understand the issues he dealt with regarding innovation, people, marketing and sales for not just one country, but on a global basis.

What is the most important business lesson you've learned?

Surround yourself with the best people you can possibly find. Also, cut nonperformers quickly. Admit that you made a mistake and move on, otherwise the effects are costly, painful and demoralizing to others in the organization. On the other hand, quickly reward those who perform well.

What has been your toughest business challenge?

Ensuring that all Standard Textile associates in offices around the world understand and work together to meet the company's greater goals.