Pauli Hubbard, a certified financial planner, says that since her fiscal crystal ball broke about 19 years ago, she now likens the stock market status to a nautical cliché.
"Remember the old adage, 'red sky at night, sailor's delight, red sky at morning, sailors take warning?' Well, consider this -- a consistent rally in the bond market is a harbinger to future consistent rallies in stocks," says Hubbard, president of Creative Financial Services Inc. in North Canton. "I know it doesn't rhyme, but if you're looking for hope in your portfolios this spring, it may be something to consider."
Hubbard says that, in this market, all the usual results that come from positive actions, such as lowering interest rates, are held in check when fear rules the market.
"So, until there are more glimmers of hope, vs. the 'irrational' fear, all the words of wisdom will just be words," she portends.
Chip Elliott, the former chief investment officer for The Ohio Co., has returned to Columbus to head the local office of Weber Fulton & Felman Investment Counsel LLC.
Since leaving The Ohio Co./Fifth Third Bancorp in 1999, Elliott had been managing director and chief investment officer of Baird Investment Management, the asset management arm of Milwaukee-based Robert W. Baird & Co.
Three other former Ohio Co. executives -- John Bevilacqua, David Will and Ed Luck -- established the Columbus office of Weber Fulton & Felman -- then known as Davidson Partners Investment Counsel LLC -- in January 1999. The company changed its name last year when founder David Fulton and five other principals of the firm purchased certain assets of Davidson Partners from PaineWebber Group.
"It's particularly exciting to be back with my team from The Ohio Co., which achieved an outstanding investment record while providing excellent personal service. I look forward to continuing to serve many of the individual and institutional clients with whom I worked at The Ohio Co. and at Baird."
According to Fulton, Weber Fulton & Felman has attracted more than $100 million in assets in the past two years.
"With Chip's large and loyal following in Central Ohio, we hope to continue to grow at an even faster pace," he adds.
... and who's moved on
Former Huntington Bancshares Inc. president and COO Peter Geier has joined The Ohio State University Health Sciences Center. In his new position of senior associate vice president for health sciences and business administration, Geier will act in a CFO capacity and direct business development and strategic planning.
"The opportunity to impact both the world of academia and health care is exciting to me and it is truly a unique opportunity," says Geier, who also serves as chairman of the Children's Hospital board and is active with the Columbus School for Girls.
Dr. Fred Sanfilippo, who appointed Geier to the OSU position, says "he is skilled at leading expansion efforts from conception to implementation, and that is key to our future success as we fulfill our three-part mission of research, teaching and patient care."
In other moves
Gov. Bob Taft has appointed Doug Moormann as his executive assistant for business and industry, making him responsible for the following state departments: development, taxation, transportation, the Bureau of Workers' Compensation, the Public Utilities Commission and the Industrial Commission. Moormann can be reached at 728-4156 or firstname.lastname@example.org.
Philip Urban, president and CEO of Grange Insurance; Ken Scheuering, general manager of the Clarion Worthington; Todd Ritterbusch, president of the Columbus Technology Leadership Council; and Elaine Roberts, executive director of the Columbus Airport Authority, have been elected to the Greater Columbus Convention & Visitors Bureau's board of trustees.
In addition, new board officers are Chair Doug Kridler, president and executive director of the Columbus Association for the Performing Arts; Vice Chair Todd Barnum, president and CEO of Max & Erma's Restaurants; Vice Chair Michael Jokovich, general manager of the Hyatt on Capitol Square; Treasurer Frank Capella, senior vice president of Huntington National Bank; and Secretary Susan Bass, director of philanthropy for The Limited.
Sally Bloomfield, a partner in the Columbus law firm of Bricker & Eckler LLP, has been named a 2001 recipient of the Nettie Cronise Lutes Award by the Ohio State Bar Association. The award, created by the association's Women in the Profession Section, recognizes "women lawyers who have improved the legal profession through their own high level of professionalism and who have opened doors for other women and girls." It also commemorates the first woman to practice law in Ohio.
When Andre Dager started working for her family's company, Velvet Ice Cream, at age 12, she washed dishes and scooped ice cream. Fifteen years later, this fourth-generation member of the Dager family has taken over management of Ye Olde Mill, Velvet Ice Cream's historic headquarters and tourist attraction near Utica.
"Really, the Mill is the only place I've ever wanted to work," Dager says. "My heart has always been here."
Under her direction, the Mill's restaurant -- the Water Wheel -- has added new menu items, and Dager is working to promote the facility's new nature trail and expanded visitors center. She's also busy grooming the fifth generation of Dagers for a future at Velvet: her sons, 9-year-old Justin and 7-year-old Devon.
EC Outlook, an e-commerce software provider in Dublin, has netted another top executive with big-name credentials.
The former head of technology for Dell Premier Online, the online sales and marketing channel for Dell Computer's corporate and government customers, has joined EC Outlook as its chief technology officer and executive vice president of product development.
Tilak Mandadi will help define the overall strategy for EC Outlook, support the alliances and partnership efforts and lead product development, engineering and technical operations. Prior to working at Dell, Mandadi was the director of technology and a member of the founding team of Enron Online. With transactions exceeding $1 billion per day in market value, Enron Online is now among the largest e-commerce sites in the world.
EC Outlook was featured in the January 2001 issue of SBN Magazine for recruiting proven leaders from top companies within months of starting its operations in 1998.
In addition, EC Outlook was named to Upside Magazine's "Hot 100" list of privately held B2B companies, published in May.
Speaking of awards ...
The Columbus chapter of the National Association of Women Business Owners will hold its third annual awards ceremony recognizing outstanding female business owners from Central Ohio at an 11:30 a.m. luncheon July 12 at the Hilton Columbus at Easton, 3900 Chagrin Drive. For details, contact Tricia Smith at 444-7455. SBN Magazine is a sponsor of this event.
Feinknopf Macioce Schappa Architects Inc. has been awarded a Golden Trowel from the International masonry Institute to honor the firm's work on the Ohio Supreme Courts Building, also known as the Ohio Departments Building, downtown.
Edsall & Associates LLC has received an Outstanding Development Award for its design of Dublin's Wellington Park and a Development Award of Excellence for its design of Bellefontaine's Southview Park. Both awards were given by the Ohio Parks and Recreation Association.
In addition, the Ohio Chapter of the American Society of Landscape Architecture recognized another of Edsall & Associates' projects -- the Spring Street Parkway -- with a Merit Award.
Cam Taylor Co. Ltd. and King Thompson Realtors have been named Brokerage Companies of the Year by the Building Industry Association of Central Ohio.
The law firm of Purcell & Scott Co. LPA is hosting a charity golf outing July 23 at the Scioto Reserve Golf & Athletic Club to benefit the Make-A-Wish Foundation. For more information about playing or sponsorships, contact Samantha Bruess at 761-9990.
The Delaware Area Safety Council will present a lunch forum July 10 on Controlling Workers' Compensation Costs. The program, which begins at 11:30 a.m., will be held at the Delaware JVS South Campus, 4565 Columbus Pike. For details, call the Delaware Area Chamber of Commerce at (740) 369-6221.
Paraspinal Diagnostic Corp. has received a 65 percent tax credit from the state to expand operations in Columbus. The company plans to lease space in the Science and Technology Campus Center on Kinnear Road, enhance its software, improve its product and perform light assembly. The estimated $650,000 project will create 75 jobs within the first three years of operation.
The Greater Columbus Chamber of Commerce is presenting workshops on "eBusiness: New Strategies for Business as Usual." One workshop will be held from 8:30 a.m. until 4:30 p.m. Aug. 16 at Ohio Hi-Point Career Center, 2280 State Route 540, Bellfontaine. A half-day workshop will be held from 8:30 a.m. until noon Sept. 13 at the Greater Columbus Chamber offices, 37 N. High St. For more information, contact Nancy Stoll at 225-6910.
Griffin Communications is now the agency of record for Mount Carmel Foundation, Coast-to-Coast Medical, Jobs for Columbus Graduates, Connaissance Consulting, Miles-McClellan Construction Co. Inc. and Kegler, Brown, Hill & Ritter.
Greencrest has added Nocar Construction Co. as a client.
More than 18 chapters of Network Professionals Inc. meet weekly either for breakfast or lunch at various locations around Central Ohio. For details, call Frank Agin, regional director, at 523-8717, or visit www.npinet.com.
LeadNet, a business-to-business networking group, meets at noon Tuesdays at the Martini Italian Bistro,1319 Polaris Parkway. For details, call Racey Morris at 846-8723, ext. 216, or Tim Moore at (740) 548-6067.
The Columbus American Marketing Association hosts Java Talk from 8 to 9 a.m. the third Thursday of each month for at Barnes & Noble on Polaris Parkway. Marketing and technology professionals meet to discuss technology topics affecting marketers. For details, contact Anne Kemter at 543-6317.
Jewish Family Services' Career and Workforce Development Center holds its Tips, Tricks and Techniques Tea from 2 to 3:30 p.m. Thursdays at Jewish Family Services, 1151 College Ave., for professionals in career search with experience in a wide range of industries. The meetings are free and open to the public. For details, call 237-9675.
The average hourly wages for Northeast Ohio workers in the manufacturing industry have increased from 2000, but not as much as was projected a year ago, according to the Employers Resource Council (ERC) 2001 Wage Survey Report. The survey reports data for 14,989 employees in 99 positions from 241 Northeast Ohio organizations.
The average hourly rate for manufacturing workers rose a little more than 2 percent in 2001, to $12.61 per hour. The projected wage budget increase was 3.7 percent, less than last year. Average minimum hiring rates remained stable at $8.56 per hour, as did rates for most positions in the industry. For example, the average rate for a receiving and shipping clerk increased 2 percent, to $12.10 per hour. Warehouse workers, assemblers and maintenance workers all saw similar increases.
Some positions saw more significant changes -- maintenance electricians (4 percent) and production workers (6 percent) received better than average wage increases in 2001.
Mixing up a cure
Vita-Mix Corp., the Olmsted Falls-based high-end blender manufacturer, donated eight Vita-Mix Super 5000 blenders and an undisclosed amount of cash to the Susan G. Komen Breast Cancer Foundation Northeast Ohio Race for the Cure. The race committee distributed the $450 machines to local corporate sponsors to use as top prizes in fund-raising raffles, with proceeds benefiting the race. The revenue goal for this year's race is $1 million.
The Convention & Visitors Bureau of Greater Cleveland reports that 21,210 people will visit the area this month for a convention or meeting, spending an estimated $63 million. Last month, 20,257 visited, pumping $29 million into the economy, the CVB reported.
Some of the larger conventions this month include the Internal Revenue Service with attendance of 1,200; the Ohio Society of Certified Public Accountants with 1,000; and the Association of Iron & Steel Engineers with 15,000 attendees.
Tumbling into Cleveland
USA Gymnastics will host the U.S. Championships in Cleveland next year Aug. 7-10. The event includes the men's and women's artistic championships, to be held at Gund Arena and televised on NBC. The rhythmic, trampoline and tumbling championships will be held at Cleveland Public Hall. The USA Gymnastics National Congress, a conference and trade show, will take place simultaneously at the Cleveland Convention Center and is expected to attract 2,000 visitors and pump $7 million in the local economy.
The Akron Consumer Credit Counseling Service (CCCS), part of Family Services, joined with CCCS in Canton and Cleveland to form a Northeastern Ohio network of Consumer Credit Counseling Services Inc. The newly merged CCCS provides services in debt management, mortgage counseling, credit report reviews and money management workshops. CCCS is a nonprofit community service established in 1955.
After the hire
So you think after you've taken the time and trouble to fill a vacant position that your work is done? Not so. It's up to you to help the new employee through the transition period. Here are some tips from Peter Cairo, executive coach and partner at CDR International, a national consulting firm.
1. Clarify your expectations up front. Don't assume your new employee knows exactly what he or she has been hired to do. It's not likely the employee will ask, either. Many companies provide written job description, but don't rely on that. Go over your expectations point by point.
2. Don't assume qualifications equal success. Different people have different strengths. Watch for signs of weakness and begin coaching right away to solve these problems.
3. Discuss "big picture" topics like overall company strategy, market share and projections for your company's future. Never assume the new hire already knows the basics, even if that person is coming from a different area of your company. Knowledge and culture differ from department to department.
4. Discuss those who will affect the employee's job. Be up front about difficult personalities and offer specific suggestions for building solid relationships with key people.
5. Be honest about pitfalls and mistakes. Talk to your new hire about former employees who quit or were fired and explain what went wrong and why. These are the lessons they will remember most.
6. Hold transition reviews. During the first six months, hold monthly meetings with your new hire to review performance and ask for feedback. Knowing this meeting is coming will help both of you stay focused on the transition.
Less drive, less money
According to a recent survey, 36 percent of workers say they'd be willing to take a pay cut -- of 10 percent or more -- in return for a shorter commute to and from work. In a CareerBuilder poll of more than 2,000 people, one-third describe their commutes as stressful.
While most report their commutes are between 30 and 59 minutes, 35 percent say they have trips between work and home of more than one hour. Eighty-one percent use a personal motor vehicle vs. other means of transportation.Phasing out that annoying intercom page
If you thought your employees were simply using instant messaging to converse with friends, perhaps you haven't noticed a recent change. It was only a year ago when the bulk of instant messaging communications was between friends frittering away time at work.
Today, however more workplaces are turning to instant messaging as a viable tool for communications. A recent survey by InsightExpress found that 20 percent of all instant messaging occurs at the workplace and is used for getting the job done, not talking to friends. The study shows that employees are using it to drop clients a quick note or shoot fellow staff members short memos.
Yours Truly once again is leading the way in innovation among restaurants in Northeast Ohio. For 20 years, the Cleveland-based chain has proclaimed its restaurants provide a good working environment and has attracted quality hospitality employees.
Now the restaurant chain is taking yet another step, offering employees a 401(k) retirement plan. Explains Larry Shibley, Yours Truly partner, "We wanted to give our employees the same opportunity to save on a pre-tax basis as they would in any other profession. Through our 401(k) plan, we're able to offer our employees the same benefits that they would receive working at a larger company."
Not ready for the pasture yet
Tom Woodworth knows the value of hiring experienced senior workers. Woodworth retired last year from Vocational Guidance Services and now volunteers one day a week as a business counselor for SCORE, helping younger would-be entrepreneurs get their companies up and running. But he isn't ready to lie back and accept retirement just yet. He recently co-founded a small dot-com, fiftysomethingjobs.com.
"A lot of employers realize the value of the older worker in times of a tight labor market," Woodworth says. "The site offers no charge to the job seekers and a modest $50 per job posting for 30 days to the employer."
What do you mean, I can't hear it in Cleveland?
Timothy Curtiss, COO of Beachwood-based Wall Street Investor Relations Corp., is hosting a new weekly radio show devoted to investment topics. "What's Happening" will air Wednesdays at 9 a.m. in Phoenix, Ariz., and Providence, R.I., and Curtiss will interview Wall Street professionals and senior corporate executives and offer insight about investment issues.
Oddly, though, his home base is in Cleveland, but no local radio station has yet picked up "What's Happening." But all is not lost. The show will be broadcast via the Internet at www.renaissanceradio.com.
But I can hear this one
Sales guru Tom Scully, president of The Training Center, started his own radio show on WERE/1300 AM in August, sharing nontraditional sales approach tips from 6:05 to 7 a.m. during "Up Your Sales." Scully, whose Chagrin Falls-based business trains sales managers and sales representatives to increase closing rates, will share strategy ideas and proven selling techniques.
Hey, they've got Norwegian Gjetost!
Just as many business-to-consumer Internet retailers are finding themselves out of their proverbial lifelines, Sean Sullivan is gaining momentum. Sullivan is president and founder of gourmetfood4u.com, a Cleveland-based online gourmet specialty food vendor, and unlike recent dogs in the marketplace, he's doing things the right way. Sullivan's fulfillment partner is locally based, and it warehouses on site all the items gourmetfood4u.com sells.
"We don't have to try to piece together an order from warehouses all over the country," he says. "It's all right here."
More important, Sullivan, a 15-year veteran of the food industry, is not looking to explode overnight.
"We're going to take things slow and build business the old-fashioned way -- by reputation and grass-roots marketing."
Job growth, increases in manufacturing and boosts in consumer spending and confidence have economists and average Americans alike predicting a better 2011 as the United States moves out of the recession. The economy is transitioning into an expansion phase, which begins when the economy gets past the old high-water mark for GDP, says Bob Leggett, Chief Investment Officer for FirstMerit Wealth Management Services. He believes the phase began early in the first quarter of 2011.
“Capital spending is strong, exports are growing and inventories have not yet been fully replenished,” says Leggett, who has more than 25 years of investment management experience. “All of this means production must continue to grow. While the unemployment rate remains unacceptably high, net job growth is still well established. The depression in housing and overall consumer deleveraging does not mean consumers won’t spend anything at all.”
Leggett provides further insight into market recovery and what investors can expect in 2011.
Do you think the possibility of a ‘double-dip’ recession is valid?
Double-dips are extremely unlikely to happen. The only double-dip recession we’ve seen in modern times was in the early ’80s, and that was done intentionally by Paul Volcker, the chairman of the Fed at the time, because he was working to break the back of inflation. Also, there are always soft patches or mid-cycle slowdowns like we experienced in 2010. When an economy comes out of a recession, it usually runs at a pretty hot pace for a few quarters, maybe even a few years, and then it invariably slows down. We feel there is plenty of pent-up demand out there to allow the economy to re-accelerate as we’ve seen over the past few quarters and we expect the expansion to continue through 2011.
What are the best opportunities for investment right now?
We are big believers in being diversified. That means you want to own a mix of assets — some stocks, some bonds. You want to have different types of stocks, like large U.S. stocks or big cap and small cap. You want to have international stocks. You want to be diversified across the market capitalization ranges and the economic sectors that companies represent. People should always start by thinking through their investment objectives. We work with our clients to create an investment plan and agree on how we’re going to allocate that client’s dollars. And right now, we tell clients they should be fully invested and not have much in the way of cash reserves.
What advice would you give to investors who are still worried about the market?
There’s never a perfect time to make a large change in your investment strategy. If someone has a very small investment in the stock market and could really afford to have a much larger one, we would say they should have a plan for gradually reinvesting. People on the sidelines should be dipping their toes into the water. If an investor tries to perfectly time entering the market, quite often he or she will never enter or will get frustrated and make a big move. And that’s how you end up buying high and selling low instead of the opposite.
Do you see interest rates rising in 2011?
We don’t see interest rates rising significantly in the foreseeable future. Interest rates are still quite low, particularly at the very short end of the yield curve, the shortest maturities, because that’s where the Federal Reserve can force them to stay low. The rest of the yield curve isn’t quite so much in the Federal Reserve’s control, so it’s going to be driven by inflation expectations and expectations as to whether the Fed is going to make any changes at the short end. The yield curve currently is quite steep by historic measures, and the Fed has clearly stated they are not going to increase the short end of rates any time soon. As for the longer maturities, I’d say investors have been back and forth on how concerned they are looking out a year or so in inflation. But overall, the inflation numbers remain very low. As long as unemployment is high, wage growth is going to be hard to come by, and that means that inflation should stay pretty low.
What is the state of the bond market?
Bond interest rates have risen recently. People have been really concerned about tax-exempt bonds. They’re worried the budget problems many states and municipalities have will lead to major difficulties in paying off the bonds when they come due. We think that’s a significantly overstated fear. We tell investors who are worried about tax-exempt bonds to stick to high quality. On the taxable side, we still think investment-grade corporate bonds are pretty good values relative to U.S. Treasury bonds. The Federal Reserve’s Quantitative Easing 2 plan is supposed to be pulling those rates down but hasn’t been successful thus far. We are concerned the Fed may be overly successful at their goal of bumping inflation rates up a little.
What are your thoughts on the housing market?
Housing is certainly extremely weak. It would be difficult for housing starts and permits to get much worse than they are. The problem is there’s no real reason to expect housing construction to pick up a lot either because there’s a huge inventory of homes either for sale or in foreclosure. The housing construction industry is a very small part of GDP now because housing is in a depression.
The question that needs to be answered on housing is: What happens to house prices overall? Prices are down very significantly from where they were. It’s really hard to see, with the improvement in the economy and very little new supply coming, how housing could get worse. Housing construction and increased housing prices would help consumer net worth and consumer confidence. The problem is it’s hard to see either of those areas improving much looking into 2011.
What markets can consumers expect to recover more quickly?
Business equipment spending has been good, and we think it will continue. On an overall basis, consumer goods and services are growing and consumer confidence will be helped by better job growth. The economy has entered a positive feedback loop in which business spending feeds consumer spending, which, in turn, supports stronger business spending.
Reach Bob Leggett at 1-888-384-6388 or email@example.com.
Cliché or not, New Year's allows us to draw a line in the invisible sand and start anew. However, the same doesn't always hold true for businesses. Sure, Dec. 31 is the end of the fiscal year for some companies. But for others, Jan. 1 means little beyond personal property tax implications for inventory in a warehouse or assessing the value of a corporate office building or two for the previous year's tax filings.
Whatever the significance, January is the month when most people put their lives and businesses into perspective, looking back at the year that was and gazing ahead at the year that will be. SBN looked at nearly 100 companies across Northeast Ohio and our editorial staff discussed what happened to them in 2002 and prognosticated what we believe 2003 holds for each of them.
For some, such as TRW, the answer was obvious: It's outta here. For others, like Penton Media and OM Group, the future is not so certain.
Beyond the headlines, a number of businesses experienced exciting events in 2002. Flashline secured more than $11 million in venture capital during a terrible economic market. Forest City Enterprises pitched in to help rebuild New York City in the wake of the Sept. 11 terrorist attacks. There was a changing of the guard at RPM Inc. from father to son. And International Steel Group was formed from the ashes of LTV Steel.
Admittedly, it's easy to sit on the sidelines and predict what will happen to these and the other firms we've whittled from our list to tell you about. But what's more important about this group of companies is that we believe that each will experience something significant this year.
SBN plans to follow many of these companies' stories in the months ahead, so keep your eyes on the magazine and our Web site (www.sbnonline.com) during 2003 for greater insight into why they are this year's companies to watch.
Harvest for Hunger 1998 raised more than 3 million pounds of food in this year's campaign, an increase of 10 percent over last year. Nearly 270 companies in Cuyahoga County participated in food drives to support the cause, said Co-chair Gifford M. Brown, site manager, Ford Motor Co. The food will be distributed to 150 hunger centers throughout Northeast Ohio.
Cleveland Cavaliers General Manager Wayne Embry was named the honorary chairman of the Arthritis Foundation's 50th Anniversary campaign. The foundation has also retained Bomba, O'Neil & Co. as public relations consultants. With UAB Productions and Wyse Advertising, the Foundation has created a series of 14 10-second television public service announcements which will illustrate the issues surrounding arthritis. For information about 50th anniversary events call (216) 831-7000 ext. 114.
The Women Business Owners Fund, the foundation arm of the National Association of Women Business Owners, Cleveland chapter, presented academic scholarships to Lakesha A. Walton and Rebecca Sue Veverka and the Jack Bares Educational Award to Cheryl Grassi, owner of We'll Remember Co.
The board of trustees for the Saint Ann Foundation announced the award of $737,920 in grants ranging from $4,500 to $50,000 to 40 agencies and organizations throughout Northeastern Ohio.
United Way volunteers from the small business community gave time and effort to paint, plant and fix up a local United Way agency. More than 30 volunteers and their families spent an afternoon sprucing up the facilities of Camp Cheerful, the summer day camp for children with disabilities. The camp is run by the Achievement Centers for Children.
Hunger relief organizations in Cleveland have received over $80,000 raised during the 11th Annual Taste of the Nation food and wine tasting benefit hosted by the Greater Cleveland Restaurant Association.
At the November Corporate Club breakfast, local business execs learned that one of Northeastern Ohio's highest-profile growth companies, Steris Corp., grew from the slenderest of roots.
Speaking on Election Day, Steris President Bill Sanford invited the audience to vote for candidates who support economic development, in order that Steris' success might be duplicated. The Mentor-based company, which manufacturers sterilization products for the health care market, got off the ground with a modest grant from the State of Ohio. "So from a $43,000 grant, we now have a company worth $2 billion," he said.
The company began just 11 years ago with five employees, and now has 4,500 people around the world. It went public in 1992, and last year purchased an older-line company several times its size, a strategy which initially met with hostility from Wall Street but which soon proved prescient.
Despite its size and success, Sanford says he battles institutional inertia by instilling his mantra about resisting the urge to operate like a large company. "We want to continue to act small, to grow big. If we continue to act like a bunch of small companies rather than one big one, we'll be successful," he said.
SBN is a sponsor of the Corporate Club breakfast. Because of the holidays,there is no December program. The next breakfast, featuring David Burner, chairman and CEO of BFGoodrich Co., will be Jan. 12. The events are held on Tuesday mornings, with breakfast at 7 a.m. and the speaker at 7:30. Cost is $25 per person.
Other dates and speakers:
- Feb. 9, 1999: Michael Salkind, president, Ohio Aerospace Institute.
- March 9, 1999: Robert Rawson, partner-in-charge, Jones, Day, Reavis & Pogue.
For more information and reservations, call Executive Caterers at Landerhaven, at (440) 449-0700.
Missing out on Newman's own
Though the Newman family has been doggedly successful in retailing through three generations, one might say it was a little less aggressive on the marketing front.
Reluctant to name-drop, even when it came to family members, then-owner Jim Newman personally settled on some artful language many years ago to describe the history of the company, then called Newman-Adler, as it related to his famous matinee-idol nephew, Paul. "...when Joe Newman started the store that was to become the great Newman-Stern Co. in 1915, Sam Brown was its vice president. Arthur Newman, the youngest sibling, was secretary-treasurer and, later on, father of a certain blue-eyed Hollywood star."
With Jim's three children, Chris, Gary and Donna, now overseeing what is known as Newman Outfitters, that reticence is still apparent. But it has softened. After all, the outdoor purveyor is marking a centennial of sorts this year, which it's using to launch the opening of a new store in Solon. It seemed the appropriate time to finally drop this extended-family reticence and pop the question.
So in late summer, when the movie idol came to Cleveland for an auto racing event, Chris Newman finally approached his cousin, asking him to consider appearing at a grand-opening or some other event.
For weeks, there was no word. Finally, as autumn rolled around, Chris knew that the cousinly silence meant there would be no such appearance. Which leaves sales and marketing experts to their idle conjecture: Just how many high-concept nylon tents or fisherman's sturdy hip boots might have flown off the shelves with an implied endorsement from one of the world's most famous set of baby blues?
Rolodexes aged like fine brandy
Investment banking is the ultimate relationship business, one in which the best contacts are built up over several generations.
If that's true, then Carleton, McCreary, Holmes & Co., the unit of KeyCorp's Key Capital Markets, is in pretty good shape. One of its principals, Doug Holmes, is the son of the late Allen Holmes, a legendary Cleveland power broker who ran Jones, Day, Reavis & Pogue as managing partner between 1975 and 1984, and whose 1990 funeral was one of the best-attended in recent local memory.
Since being absorbed into KeyCorp, the investment-banking concern last year opened a Seattle office, which is overseen by Charles Clarke. His father, Charlie F., was once managing partner of Cleveland's second-largest law firm, Squire, Sanders & Dempsey LLP.
Tigerpoly Manufacturing Inc. in Grove City has received a $25,000 business development grant from the Ohio Department of Development to purchase new equipment. Tigerpoly, which manufactures air induction systems and hoses primarily for the auto industry, plans to construct a 40,000-square-foot addition to its existing production and warehousing facility. This estimated $5 million project is expected to create 25 jobs and retain 135.
Columbus-based Design Group Inc. has received the Governors Award for Excellence in Energy Efficiency for its design of the Anthem Blue Cross/Blue Shield headquarters in Cincinnati. Building features include a central atrium that eliminates the need for artificial lighting, long north/south exposures with maximum glass to permit natural light and heat gain during winter months and window sunscreens on the south side of the building to minimize heat during summer months and reduce HVAC system costs.
Two Dublin-based companies, King Thompson Realtors and Exceptional Properties, have merged. I have always respected the ethical way in which King Thompson associates conduct business, and it was an important factor that I took into consideration when deciding to merge my company, says Nancy Byrd, CEO of Exceptional Properties. Patrick Grabill, King Thompson CEO and president, expresses mutual satisfaction with the merger: I have known Nancy since the early 1980s and I am continually impressed by her proven track record as a Realtor. She is well-respected within the field and Exceptional Properties will prove to be an asset to King Thompson.
The Interactive division of Lord, Sullivan & Yoder Inc. has won three awards from the Web Marketing Association, including the 1998 Outstanding Web Site WebAward for LSYs own site, www.lsy.com. Two LSY clients, McGraw-Hill Consumer Products Division and Marlite, earned the 1998 Standard of Excellence WebAwards. Those sites can be seen at www.mhkids.com and www.marlite.com. Sites were judged on seven criteria: design, innovation, content, technology, interactivity, navigation and ease of use.
Columbus-based Cambridge Publishing Group has received a 1999 Beacon Award for Best Financial Service Solution from Lotus Development Corp. Cambridges Folioport transaction management application was chosen from more than 850 nominations from 40 countries for the award, which is judged by industry journalists and analysts.
Reitter Stucco Inc. has been awarded a contract with Lincoln Construction for a project at the Enchanted Acres Community Center in Columbus and with Anchor Hocking to renovate the exterior facade of the Anchor Hocking sales facility Lancaster division.
Corna/Kokosing Construction Co. has been awarded the civil portion of the contract for an 8,840-square-foot expansion to the American Bottling Co. on Stelzer Road, set for completion in April. Corna/Kokosing has also won the contract for the new 25,000-square-foot Office Depot being built on Morse Road, with completion expected in July.
Mills/James Productions has opened a videoconferencing center in its Fishinger Boulevard teleproduction complex. We have been watching videoconferencing technology evolve for some time, says Ken Mills, president. Early on, the technical quality and reliability were marginal, but todays new systems allow us to offer high-quality video and audio and reliable connections. Even videos and graphics can be included in a videoconference. According to industry estimates, revenues in the videoconferencing market are increasing at more than 40 percent annually and show no signs of slowing.
Zero Base has been named the agency of record for OhioHealth. We partnered with Zero Base because of their strong strategic process and their outstanding creative work, says Scott Billman, vice president of marketing for OhioHealth. Our desire is to build a unified and dominant brand for our large and diverse health care system, and the role of Zero Base is critically important.
CB Richard Ellis MCA has launched a construction division to focus on tenant finish work, office design and build-out services. Launching the new construction division was a natural progression for our business and will be an added benefit to our clients, says Douglas K. Jackson, senior managing director. This new business area rounds out our capabilities as a full-service commercial real estate firm because we can now lease, sell, manage, provide maintenance services and design and build out tenant space.
Out of the Box Designs has produced an interactive CD-ROM sales tool for Cutler-Hammer, a supplier of electrical control products and power distribution equipment. Cutler-Hammer is using the CD-ROM to spotlight its manufacturing process automation software and gain entry into the market.
Profitworks Ltd., has added the Ross Products Division of Abbott Laboratories and Emilcott-dga to its list of clients.
Inside PR has called Paul Werth Associates a regional powerhouse, and named the firm to its lists of top public affairs firms, best managed practices and best training programs. The trade journal specifically lauded Paul Werth Associates application of private sector discipline to the public sector, its health care credentials and emphasis on research, strategy and results.
Gerbig, Snell/Weisheimer & Associates Inc. has purchased a majority interest in Creative Healthcare Solutions Inc., a Saratoga Springs, N.Y, firm that outsources product management resources for pharmaceutical companies. In keeping with our philosophy of hiring client-side expertise, our relationship with CHS will enhance our capabilities in product management, market research, retail trade, data management and international marketing, says GSW President and COO R. Blane Walter. And it will give GSW an East Coast presence.
Peer Review Systems has announced a strategic partnership with Houston-based Healthcare Research Associates to provide audits of performance data reported by health plans throughout the United States.
Ironwood Cafe, a subsidiary of Max & Ermas Restaurants, has opened its second location, this one in Mentor. Ironwood Cafe, which debuted in Dublin last year, features an upscale, casual dining environment and American cuisine with a contemporary twist.
Greencrest Marketing Inc. has signed Title Solution Inc., a local software development company, to its client list.
RDP Foodservice has opened a new division, Xtra Dough, to assist organizations with fund raising. Xtra Dough provides made-to-order Italian dishes and appropriate training and marketing support to the organizations. Future plans include expansion into frozen, hand-made Italian dinners such as lasagna and other pasta dishes.
Looking for reliable information on the Net regarding that strange skin rash youve developed? Try the Mayo Clinics Health O@sis at www.mayohealth.org. The library has information on everything from arthritis to urinary tract infections. Theres information on alternative medicine and sections on mens health, womens health and childrens health. The site features a handy glossary for getting definitions of medical terms without spending six years in medical school.
When will I be cured?
Medscape is a site where doctors, students and consumers can search among more than 7,000 full-text articles on the latest medical research. If you want more than just basic information, this is the place to go. This site also offers free access to MEDLINE, a service featuring more than 8 million abstracts from 3,800 medical journals. Try it at www.medscape.com.
Ever find a mysterious pill in your medicine cabinet and wonder what it is? Or did the information sheet on your latest prescription get thrown away? Take a trip to www.RxList.com, which has data on hundreds of pharmaceuticals, including warnings, interactions, dosages and overdose treatments. You can search by name (brand or generic) or imprint codethe numbers and letters stamped on pills and capsules.
Shake the disease
Want to know the facts on vaccinations or symptoms of a particular disease? Find what you need at the Centers for Disease Control and Prevention at www.cdc.gov. Get straight answers with statistics and scientific data to back it up.
Avoid fad and diet pills. Some are initially effective, but most will not keep the weight off on a long-term basis and some can cause side effects, according to The National Heart, Lung and Blood Institute.
The American Heart Association says studies show soy protein is as nutritious as meat proteins and can serve as the sole source of protein in a vegetarian diet.
As an incentive to quit smoking, the National Cancer Institute recommends you start saving the money you used to spend on cigarettes. Keep it in a jar where you can see how much youre saving and spend on yourself as a reward.
Cold or flu?
The flu kills 20,000 Americans every year and hospitalizes thousands more. It may come on quickly, starting with headache, chills, achiness and a fever of about 100 to 104 degrees. There may be a dry hacking cough and a sore or hoarse throat. If there is nasal congestion, it usually occurs later.
Except for the headaches and fever symptoms, this may sound like a bad cold. But a cold rarely has the overwhelming sense of fatigue that may accompany the flu. You feel absolutely wiped out, which is why you may curl up on the couch for a week or more after the main flu symptoms have passed.
Being tired, under stress and run down probably makes you more susceptible. Influenza is caused by a virus, so antibiotics wont affect it. They best way to treat it is to rest, drink lots of fluids, and take drug store remedies to relieve the symptoms.
Dr. Nancy Snyderman at www.drkoop.com.
More protein power
Adequate protein is essential to keep your body functioning properly. About half of our dry weightincluding muscles, hair, nails and skinis composed of protein. Our cells and immune systems rely on protein for maintenance and rebuilding. Our bodies dont have the ability to store protein or synthesize all the amino acidsthe building blocks of proteinwe need. Thats why eating some protein every day is important.
As wonderful as carbohydrates are for providing energy quickly, too many carbs can send us into a tailspin of low blood sugar from an insulin dump. Its the job of insulin to lower our blood sugar levels when they get too high; insulin does this by taking the excess sugar in our blood and storing it as fat.
The easiest way to avoid extra fat storage and dipping energy levels is to eat the right amount of high-fiber carbohydrates so the sugar in these foods enters the blood slowly, keeping the pancreas from releasing high quantities of insulin into the blood stream.
The key to making fat part of a healthy, sensible diet is to eat the right kind. Any fat that is solid at room temperature is not our friendits saturated and brings with it risks for all kinds of health problems. The best fat comes from vegetable sources and is mono- or polyunsaturated: peanut, canola, olive and walnut. This doesnt mean you should drown your salad in olive oilmoderation is key.
The next time you feel inexplicably crabby, think back to the last time you drank a glass of water. Dehydration can lead to crankiness and a whole host of other, more serious conditions. As a rule of thumb, try to drink a minimum of eight glasses of water a day, more if youre working out.
Drinking enough water is especially important for aiding fat loss. The liver is responsible metabolizing fat. When our kidneys dont get enough water to perform their functions, they recruit the liver to help them out. If the liver is busy helping the kidneys, it cant do its own job of using up that stored fat for fuel.
How many calories?
Use this simple formula to estimate your calorie requirements:
- Change your weight in pounds to kilograms: your weight divided by 2.2.
- Your basic metabolic rate is approximately one calorie per kilogram per hour, so multiply your weight in kilograms by the 24 hours in a day. This is the number of calories you burn just being alive each day.
- Now factor in activity: Multiply your calories needed per day by the following percentages, depending on your activity level:
Light activity: 50 to 70 percent.
Moderate: 65 to 80 percent.
Heavy: 90 to 120 percent.
If you sit at a desk for your job and work out 30 minutes per day, this would be light activity. If your job involves more motion and you are active in addition to your workout (you take stairs, walk to work, etc.), this would be moderate. Heavy activity would be for construction workers, athletes etc. Most Americans are in the light activity level.
- Multiply the percentages from the previous step and youll get a range of calories needed for your daily activity. Add this to the number of calories needed to be alive each day.
To lose those extra pounds, youll need to burn more calories than you are eating, either by exercising more, or eating less.
Chris Perrow, owner of Perrow Organizational Systems, likes to quote the statistic that the average professional faces 36 hours worth of work every day. And loses 45 minutes each day searching for stuff lost in piles. The solution: Create a system for expediting all those tasks. In fact, its a priority weve had on the calendar for months. How to reach: Perrow Organizational Systems, (330) 686-0282
How do you achieve a consistent level of excellence in management? You need to focus on the internal aspects of your operations just as you do on client or customer service, says Dan Stanowick, senior VP at the Akron office of Edward Howard & Co., which Inside PR magazine recently named the nations best-managed mid-sized PR firm. In its ranking of 150 agencies, the magazine spotlighted the firmwith offices in Cleveland, Columbus and Dayton as wellfor its processes in strategic planning, investor relations, staff training and development and overall management.
Its that doohicky thing with the little lines
Now that Europes new currency is a reality, businesses seeking global domination have yet another problem, the euro symbol. Where is it in those pesky PC fonts, anyway? The answer is as simple as it is frightening: its not.
Solutions are becoming available; for example, for $39.95, CenturionSofts new Eurofonter utility adds the euro symbol to all TrueType fonts. For more information, or to see what the symbol looks like, check out the companys Web site at www.centurionsoft.com.
The spoken word
Utopian visions earlier in this century prophesied that technology would free us from the toils of work. Fact is, computers have increased our workloads in many cases. CEOs and clerical workers alike are now online and under greater pressure than before. But heres a new PC program for use with your sound card that will relieve the pressure of all those e-mails.
Its Talking E-mail, a Windows program by 4Developers LLC that audibly notifies you when youve got mail. An animated cartoon character pops up on your screen and begins reading the mail to you, whether in plain text, HTML or RTF format. While youre busy with some other task, you can listen and decide if an incoming e-mail is important enough for you to stop what youre doing and respond immediately, or put your reply lower on your priority list.
Using nothing more than your e-mail account and sound card, Talking E-mail allows you to specify if you want to hear who sent the message, its subject and how many lines should be read. You can stop the readout at any time, or launch your default e-mail program to reply immediately. To make receiving e-mail entertaining versus ordinary, you can customize the programs cartoon character attributes to make it fun, choosing from a variety of animations, sounds and other settings to specify behavior and message delivery.
Talking E-mail costs $14.95, but before you buy it , you can download a trial version from www.4developers.com/talkmail. For more information, e-mail firstname.lastname@example.org. You can be sure theyll hear your request.
With online business booming and estimated to hit $37.5 million by 2002, it is becoming more important to be wary of fraudulent Internet practices. The National Fraud Center is an international provider of risk solutions, fraud prevention and interdiction programs to all in need, from small to mid-sized businesses and government agencies to Fortune 100 companies. The centers Web site, www.nationalfraud.com, contains these tips to help you avoid becoming a victim of cyberfraud.
- Study disclosure statements carefully.
- Check with regulatory authorities for license information.
- Make sure online investment companies are registered with state securities agencies.
- Do not provide credit card or social security numbers unless you are positive the company is legitimate and the information is absolutely necessary.
- Do not provide credit card numbers unless protocols are in place on a secure site.
- Be wary of free bargain packages.
- Do not be pressured into buying NOW. Understand the offer.
There is a new product on the market to help the armchair investor avoid getting sacked. Indigo was designed by 20-year veteran at the Board of Trade, Frank Alfonso, who developed similar programs for future traders while at the board. The software, based on statistical research, has all testing and analysis built in. Indigo identifies actual trading patterns and has 100 percent objective buy/sell hold signals and signals the investor like an alarm clock when it is time to buy or sell.
Avoiding the hospital
Mobile Business Aid offers an alternative to the hospital for nonlife-threatening emergencies that happen on the job. CorpCare, of Akron General Hospital, has teamed up with national ambulance operator American Medical Response to bring paramedics and emergency medical techs to the workplace to treat minor injuries. The new service saves the time and money of the traditional emergency room visit. Mobile Service Aid expects to charge about one-third the cost of such a hospital visit. To sign up or receive more information, call (888) 267-4457.