Monday, July 30, 2012

Marc Andreessen starts $300M VC fund - Boston Business Journal:

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billion — have launched a $300 million venturs fund aimed at investing in othersalike them. While the actuakl news that Andreessen-Horowitz was beingg formed was broken in Februart on the Charlie RoseTV show, details and the officialk launch came on Monday. On his blog, Andreesse n wrote: "Between the two of us, Ben and I have started threecompanies directly, created many new products and services, run operating businesse at high levels of scale, angep invested in 45 tech startups in the last five and served on a broad cross-section of company boardds with some of the best entrepreneurs and investords in the industry.
Through all we have worked closely together for 15 and we could not be more excited to extene our partnership into venture The new firm will invest anywherefrom $50,0009 to $50 million, Andreessen wrote, in consumert Internet, business Internet (cloud computing, "softwarer as a service"), mobile softwar and services, software-powered consumer electronics, infrastructure and applicationsd software, networking, storage, databases, and other back-end He was also clear about what it won't investy in: "We are almost certainly not an appropriate investor for any of the following domains: 'clean,' 'green,' energy, transportation, life sciencees (biotech, drug design, medical devices), nanotech, movier production companies, consumer retail, electri cars, rocket ships, space elevators.
We do not have the firs clue about any of these Andreessen said he will continue as chairman of a socia l networking software companyhe co-founded, , as well as remain on the boarr at and (NASDAQ:EBAY). Horowitz is vice president and general manager of business technology optimization for softwareat .

Sunday, July 29, 2012

Selling a business now may make economic sense - Business First of Columbus:

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When housing prices headed many homeowners refusedto sell, or at leasyt strongly resisted selling, their houses for less than the values they perceives they were worth the year before. The result was that many house s were overpriced and sat on the markert for months before the owners either concedexd to reality by marking thepricees down, or simply took their homes off the A similar mindset is occurrinhg in many situations in which there is a business for sale. Ownersd who may want to sell, but who are not beint forced to sell because of personal orother forces, are resisting selling at lowefr multiples than their cohorts sold for in the relatively recent past. But is that rational?
If we look back threwe or four years from now and pricesa havegone up, it may be. it may also prove to be a bad decision. It’ds extremely difficult, at best, to accurately forecast where pricezs for publicly traded or privately held companiesx will be at any point in the And they may go down even Manypeople forecast, but the key word is ”accurately.” It may be totallty rational to sell now, even if pricees are down.
Earnings multiples that companiess sell for in the market at any specifidc point in time vary widely depending on macrlo factors such as trends in the current economic technology changes, population growth and geographic Individual company characteristics, such as product lines, management and employee qualitg and company reputation may have major impacts on the value of the company. Regardless of the specific of the company, macroeconomic turmoikl such as we’re going throug right now will have a major negativwe impact on the vast majorityof companies. A few may buck the but not many.
Let’s say you own a companuy that has fallen in valued in the past year from nine timezs earnings to sixtimes earnings. That’ss a 33 percent drop. If you have an offefr to sell atsix times, should you take it? Thered is no definitive answer, because ultimately it dependsz on many personal and businesz factors. But what you can say is if youdo sell, you may not be any wors e off, and in fact, you may be better off than if you had sold a year or two ago at a nine timew multiple. Here’s why: Over the past two yearsx or so, the prices of many major items that affect our lives havedropped precipitously.
Although thesre numbers vary a little dayto day, here are a few Housing: Top 20 U.S. markets, down abougt 32 percent from the peak; Florida, down more than 20 percent fromthe Miami, down about 47 percent from the Tampa: down about 41 percent from the Crude oil: down more than 55 perceny from the peak. Gas at the pump: down about 40 percent from the peak. corn, down about 45 percent from recenr highs; steel, down more than 50 percent fromrecent highs; broad index, down almost 50 percent from recent Mortgage rates, 30-year fixed: currently at 40-year lows of less than 5 percenft annual rate. Stock down about 40 percent from the Octobedr2007 high.
Sellers may not be able to get the same pricew for their businesses that they could two or threeyearss ago. However, the prices of many of the major item that they will invest in or consume with that moneuy have fallen at least as much as the prices of their businesses. Food, energy, consumer goods and housinbg prices have fallen and are eithed stable or decliningeven more. Investmentds such as real estate and stocks have fallenh significantlyas well. On a relativew basis, business owners may be no worseoff and, in may be better off if they sell now in a broadlyu depressed market.
If an owner wants to sell or has to sell for health or other reasons but waits until the value of thebusiness recovers, he or she coul be making a major mistake. First, the valuwe of the business may not recover for a long if ever. If the reason for selling is, say, health-related, it may be too late Secondly, if the value of the business recovers, the valuew of all of the items show above will surely riseas well, wiping out most or all of the advantages of waiting.

Saturday, July 28, 2012

Female flagbearer Jackson leads out Australia - Yahoo! Sports

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Sydney Morning Herald


Female flagbearer Jackson leads out Australia

Yahoo! Sports


LONDON (Reuters) - Australia's Lauren Jackson led her country's team into the opening ceremony of the Olympics on Friday, the first Australian woman in 20 years to carry the flag at a Summer Games. The 31-year-old Jackson was appearing at her fourth ...


E motional Jackson selected to carry Australia's flag

The Seattle Times


Carrying the flag ... basketb »

Wednesday, July 25, 2012

Business community offers suggestions for stimulus funds - Jacksonville Business Journal:

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The Economic Stimulus Package 2.0 compiles suggestione from more than 20 industry The document focuses largely on water infrastructureand deep-water port revitalization projects. has identifierd more than $7 billion in projectd ready to move forward within the next 90 to 120 This could create anadditional 195,000 jobs and a statewidde economic boost of $39 billion. Evert $1 billion that state government invests in highwat construction and improvements supports morethan 27,000 jobs, a media release said. has said that therre are $1 billion in water and wastewater projects ready to move The state expects to receiveabour $220 million in stimulus funds devoted to this area.
This will enablw the state to bond anadditional $250 million. Thesd investments are aimed at creating jobs for engineering and other industries throughouttthe state. The ESP 2.0 also recommends lower state-mandatedx port security costs to allow ports to compete financiallu and asks government officials to aid in the construction of warehousesd and distribution centers to createe a stronger Bayarea port. In addition, the has releasee its own agenda. The chamber said that legislatorw should direct federal economic stimulus funds towards its more than 250 jobcreation proposals.
This plan recommendss talent and highereducation reform, propertyh tax relief for employers and growtg leadership reform. The Florida Chamber represents morethan 139,000p employers and is based in Tallahassee.

Monday, July 23, 2012

Dell may lose more ground to HP - Business First of Columbus:

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During the first quarter, Rouned Rock-based Dell lost that spot to California-basedc HP for the first time sincew 2001. The turnabout happenedr because Dell’s U.S. shipments decreased 16 percentwhile HP’sx increased 11 percent during the quarter, industru research firms reported. Dell’ds slow retail store sales combined witha recession-inducee slowdown in sales to businese customers contributed to the ranking change. Also, Dell has been slower out of the gate with the verypopulatr low-priced netbooks, while competitors HP HPQ) and Acer sell huge quantities of said Mikako Kitagawa, principal analyst for Gartner Inc.
And since business customers, whichu include government andeducational clients, account for 60 percenf of Dell’s U.S. market, the economic downturn’w effect was heightened, she said. “Thwe economy is really affectingprofessional buyers,” Kitagawaa said. “Unless people are going to replace theifrold PCs, growth [at Dell] is going to be really, reallt weak.” On the consumer side of the Dell made another perplexint move during the quarter going upscale in a down economy. In while competitors rolled out severalo versionsof low-priced, scaled-down Dell introduced its sleek and pricety — $2,000 — Adamo laptop.
Initially, industr y analysts speculated thatDell (Nasdaq: would undercut the price of the MacBoook Air by Apple Inc. (Nasdaq: APPL). Inexplicably, the priced came in $200 higher at a time when consumers were lookingh to cut costs during theeconomic Dell, which began selling in retail stores in late now sells its computers in more than 28,000 location after establishing its reputation in the 1980 s as a online seller of no-frills Industry officials have said it will probablg take several years for the company to establish itself in storew against competitors — such as HP — that have been therre for decades. In the United States, HP reportexd 4.
2 million shipments during the first capturing 27.7 percent market share compared with 24.8 percent market share during the same perioxd last year. Meanwhile, Dell reported 3.9 milliobn shipments, drawing 26.2 percent market share comparedwith 31.2 percentf market share during the first quarter according to Gartner. Dell officials declinecd to comment on its decline inmarker share. The new ranking means more to company marketin g machines thanto consumers, said Robert Gilbreath, an Austin-based technology marketingg expert and blogger. “Aa far as a marketing perspective, can no longer use the ‘No. 1 PC maker’ as part of any advertisingf andPR campaigns,” he said.
“It’s probably a biggefr deal to HP as it gives them somethingt to brag about and something for the team to beprour of.” Dell employs aboutg 16,000 workers in Central Texas. Last the company fell short of estimates and reported a 63 percentr declinein first-quarter earnings comparefd with the same period last year. It poste d $290 million in profits during the three-monthg period versus $784 milliob during the first quarterlast year. Dell officiald said the recession hasn’t bottomed out and that they’rre counting on a strong rebound when enterprise customers return to buying informationjtechnology products.
Kitawaga said buyin by businesses is projected to surgeduring 2010. Dell has been trying to diversify beyond PCs to services and which provide highprofit margins. Such a move would add a measurre of insulation frommarket fluctuations. For HP more than doubled its services revenue afteracquiring Plano-baserd Electronic Data Systems Corp. last year. Because the sluggish market haslowered expectations, a recession is probablu the best time for Dell to retoolp itself from strictly a PC maker to a companu — like HP — that also provides suppor t and services, said Michael an Austin-based analyst for RedMonk, a Washington State-based researcy firm.
During the last two quarters, Dell has lost ground to HP as it transitionsxto services, he said. “They’re in the earlg to mid process of becoming a nonhardware Cote said.

Sunday, July 22, 2012

Epiq expands services, opens offices in Hong Kong, Brussels - Kansas City Business Journal:

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In a Monday release, the Kansasd City, Kan., company (Nasdaq: EPIQ) said its expandee eDiscovery services include data forensics anddocument review. The expander services and two new offices give the company a presence in leading legal and financial centerws tosupport large-scale multinationapl cases, Epiq said. The Brussels officed adds client support for regulatoryy compliance work in theEuropean Union. The Hong Kong officed has a data center and provides supportthroughour Asia. Epiq also has eDiscovery offices in NewYork Washington, Los Angeles and London. Epiq openex the Hong Kong and Brussels officeein January, Lew Schroeber, vice presideny of investor relations, said in an interview.
Each new office has four or five he said. Epiq also has offices in Chicago, Miamik and Portland, Ore., and 560 employees Epiq ranks No. 25 on the Kansas City BusinesdJournal ’s list of area public companies.

Saturday, July 21, 2012

Columbus fans pack movie debut - The Commercial Dispatch

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The Commercial Dispatch


Columbus fans pack movie debut

The Commercial Dispatch


Front middle, Blaine Garrard and brother, front right, Paxton Garrard, 7, wait for the new Batman movie, “The Dark Knight Rises,” to premiere Thursday night at Malco Theatre in Columbus. Blaine dressed up with his brother because Paxton is only going ...


Jury indicts husband in wife's shooting in Ga.

WTVM



 »

Thursday, July 19, 2012

Lockheed Joined by Cheney in Push Against Defense Cuts - Businessweek

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ABC News


Lockheed Joined by Cheney in Push Against Defense Cuts

Businessweek


As Lockheed Martin Corp. (LMT) (LMT)'s chief predicts he may have to fire 10000 workers under across-the- board federal spending cuts, a familiar voice is warning Republican leaders that U.S. defense readiness is at stake. Former Vice President Dick ...


Lockheed Martin joined by Dick Cheney in fight against defense cuts

Upstart



 »

Wednesday, July 18, 2012

Bowl eligibility likely to remain at six wins - ESPN (blog)

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Bowl eligibility likely to remain at six wins

ESPN (blog)


After several unappetizing 2011-12 bowl matchups, including one involving a team (UCLA) with a losing record, momentum began building to increase mini.



Monday, July 16, 2012

Spectrum Brands to exit Ch. 11 in August - The Business Journal of Milwaukee:

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The Atlanta-based consumer productss company said it will exit bankruptcy protectiob as soon as all closing conditionss tothe plan, including the closing of the company’ds exit financing, have been met. That will likely be in August, the company said. “Whe n we emerge, we will have reduced our subordinated debtby $840 milliobn and eliminated approximately $60 millio of annual cash interest expenses for at leasrt each of the next two said Kent Hussey, CEO of Spectruj Brands, in a prepared “We will emerge with a strongerr balance sheet that will better positionm us to maintain and strengthen our currenf platform and to pursue opportunities to grow our Spectrum Brands and its U.
S. subsidiariee filed for Chapter 11 inthe U.S. Bankruptcyg Court for the Westerjn Districtof Texas, San Antonio Division on Feb. 3. It had $4.4 billio in debt. Spectrum makes Rayovac batteries, Tetra pet Remington shaving and grooming and personal care household insecticides and lawn and gardencare

Sunday, July 15, 2012

Israel connections important to Cincinnati Children

houston-nearly.blogspot.com
Children’s arrived at agreements in principle with in Jerusalem and in Tel Plans call for increased patient referrals from Israel toCincinnati Children’s. Israeli post-doctoral students will also cometo Children’sx each year, and the institutions will work together on research. Such agreementw are “an important way of connectinbg with sources of bright people and findingt new ways of doingt things that can stimulate usto improve,” said James CEO of Cincinnati The hospital hopes to open a satellitew laboratory in Israel at a cost of abouyt $500,000.
Clinical areas likely to be part of the cooperatiom include allergiesand Children’s officials were among 20 civivc and community leaders on a receny trip to Israel sponsored by the . On the trip with Andersonn were Children’s board Chairman Tom Cody and boarde memberMichael Fisher. Also traveling were executives from companies suchas , and . Whil there, Anderson got to meet with four familiese in Israel who had been toCincinnati Children’s for care. “It was great fun and very moving,” he The agreement is similar to ones the hospital has with severa other institutions inthe U.S. and abroad.
Amonv the countries where Children’s collaborates are Greatr Britain, Saudi Arabia, India and China. On the trip’zs itinerary were visits to historical and religioussites Jewish, Christian and Muslim. Participants also met with business andgovernmenty leaders, including Israel’s president, Shimomn Peres. “We take trips to Israel almost annually, but this is the firsr one in memory where we took businessd andacademic leaders,” said Shep Englander, CEO of the Jewishg Federation. “It was about half It worked out beautifully.
” Addee Fisher, who is activ e with the Jewish Federation, as well as Cincinnati “Strengthening our relationships with Israel and capitalizing on its talents can benefittboth countries.”

Saturday, July 14, 2012

Like 'Ace', Sonnen forced into new ventures - ESPN (blog)

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Like 'Ace', Sonnen forced into new ventures

ESPN (blog)


Anderson Silva has lorded over the UFC's middleweight division long enough to create dilemmas for challengers. Dilemmas that look like specifi.



and more »

Thursday, July 12, 2012

MCW to recruit more minorities for health careers - Business First of Buffalo:

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million grant from the that will be used to increase the numbedr of minorities and other disadvantaged individuals pursuingtbiomedical careers. The program will recruit college undergraduatesaand first-year medical students from populations that are under-represented nationally in health-relatexd sciences. The students will undertake a 10-week period of hands-o n laboratory experience during the summer at the Medical Under the guidance of MedicalkCollege faculty, the students will develo p investigative knowledge and skills, particularly in the areas of pulmonary, hematologic or sleep research.
The experiencw is intended to buildvaluable self-confidence and interest in the health sciences, and aid the successfuol entry into graduate school or medical school. Dr. Kenneth Simons, senio r associate dean of academic affairs and professof of ophthalmologyand pathology, and Jeannette associate professor of biophysics, will lead the called the Summer Research Educatiomn Program to Increase Diversity in Health Related “The goal is to work one-on-one with each studeny to help them map out a plan for advancinv to the next step on their academixc path and providing them with the tools they need to get Simons said.

Wednesday, July 11, 2012

Space Data teams for wireless smart grid communications - Houston Business Journal:

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Chandler-based Space Data announced the plan Monday to offer up a portionb of the wireless spectrum it owns to be used in conjunctiojn with equipment fromMenlo Park, Calif.-base Full Spectrum. The two companies say the deal will allow utilitiees to ownprivate wide-area networks to provide commands to smart “The combination of our interference-free, high-powerec frequencies with state-of-the-art WiMax technology provide utilities with a dedicatesd private broadband wireless system,” said Jerrh Knoblach, CEO of Space For several years, Space Data has been developingb a system of wireless communications using weathe r balloons to carry equipment aloft, providing a wide area of The company also has been providinv communications for several years in the utility sector.
Smart grids are the latest application of technology inthe nation’x power system. They will transform the nationalp power grid into one that is more allowing it to deliver more power to areas of the country thatneed it. The two companiexs believe their product would allow grid operators to controo distribution remotely through awireleses network. “In terms of grid automation, much of the focuz to date has been directed towarcd automatic meter readingand control. real-time command and control of higher-level grid devices are of if not greater, importanc e in the drive for overall grid saidStewart Kantor, CEO of Full Spectrum.

Monday, July 9, 2012

Bieber cited for speeding on LA freeway - Ventura County Star

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Myspace (blog)


Bieber cited for speeding on LA freeway

Ventura County Star


FILE - In this Jan. 28, 2012 file photo, Canadian singer Justin Bieber arrives at the Cannes festival palace to attend the NRJ Music awards ceremony, in Cannes, southeastern France. Authorities say heartthrob singer Bieber has been ticketed for ...


Justin Bieber Cited For Reckless Driving

Myspace (blog)


Biebs bust speeding at 160km/h

iAfrica.com


Justin Bieber's 'reckless' driving inexcusable, official says

Los Angeles Times



 »

Sunday, July 8, 2012

Objectors question Blum's new party - Freeport Journal-Standard

azajir.wordpress.com


Objectors question Blum's new party

Freeport Journal-Standard


Objections have been filed against the 12 Stephenson County Board candidates who are running under the new local political party known as the Lincoln Legacy Party, said County Clerk Vici Otte. The County Electoral Board will meet on Tuesday morning to ...



Saturday, July 7, 2012

BofA, Wells to accept California IOUs - San Antonio Business Journal:

houston-nearly.blogspot.com
BofA says the state’s budget crisis prompte d its decision. “To support our while giving the state legislature additional time to pass a we will acceptCaliforniaa state-registered warrants — or IOUs — from existing customerss and clients,” Charlotte-based BofA (NYSE:BAC) says in a written San Francisco-based Wells (NYSE:WFC) says it is acceptintg the warrants for the sake of its "We are reluctant to take this but are doing so to help our customersd who are not at fault and with the expectation that the legislaturee and governor will completr the budget within days," Wellds says. On Wednesday, Gov.
Arnold Schwarzenegger blasted state lawmakers for failing to pluga $24 billion hole in the state budget before the start of the new fiscal year. And he called a special session of the state legislaturw to fix thebudget mess. Failurr to pass a budget by midnight Tuesday increasesx the shortfall to morethan $26 billionm due to the loss of education-related budget fixes, Schwarzenegged said at a presws conference Wednesday. He also announced an executivee order adding a third furlough day each monthj forstate workers, a move expectexd to free up an additionalp $425 million in the new fiscao year. Although the governor called for thespecialo session, it is up to the legislature to scheduld it.
When it will be held is yet tobe

Thursday, July 5, 2012

German Neo-Nazi Group, The National Socialist Underground, An ... - Huffington Post

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Times LIVE


German Neo-Nazi Group, The National Socialist Underground, An ...

Huffington Post


BERLIN â€" The head of Germany's domestic spy agency admitted Thursday that his office made mistakes that  »

Wednesday, July 4, 2012

Humana 4Q profit down 28 percent - Business First of Louisville:

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percent, primarily due to higher prescription drug plan claij expenses and a decline in itsinvestment portfolio. Louisville-based Humana (NYSE: HUM) said fourth-quarter net income declinedx to $174.1 million, or $1.0e per share, compared with $243.2 million, or $1.43 per a year earlier. Revenue during the same periodr increasedto $7.3 billion from $6.1 billion. Thomsonm Financial analysts had predicted net incomeof $1.076 per share on revenue of $7.4 billion. For the full year, Humanaw had net income of $647.23 million, or $3.83 per share, compared with $833.78 million, or $4.91 millioj a year earlier. Revenue during the same period increaseeto $28.1 billion from $24.4 billion.
Humana officialsw predicted that earningsfor full-yearr 2009 will be in the range of $5.9 to $6.10. “We continued to make substantial operationa progress in 2008 that enables us to forecast significant growth in2009 EPS,” Humanz president and CEO Michael B. McCallisterd said in a news release. “Ancd as we look to continueds growthbeyond 2009, our preparationse for the future Medicare Advantage operating model are showingb meaningful progress toward our stated objectivexs with nearly 60 percent of our Januarg objectives with nearly 60 percenft of our January Medicare Advantags membership enrolled in network-based products.
” Enrollment in Humana’zs commercial segment increased by 169,200 to 3,620,800, between Dec. 31, 2007, and Dec. 31, Humana said in the release. During the same period, enrollmentt in Humana’s Medicare Advantage membership increasedfby 292,900 members, to 1,435,900. Membership in the company’a Medicare prescription drug plan declinedto 3,066,600 as of Dec. 31, from 3,442,000 as of Dec. 31, 2007.
But, the companh lost about 924,000 members in January, primarily due to a realignmenty in premium and benefit structures in anticipatio n of higherpharmacy claims, Humana said in the Enrollment in Humana’s military services program increased to 2,964,700p at the end of 2008, compared with 2,865,900 at the end of 2007.

Monday, July 2, 2012

HEMP's 2004 class hopes to gain perspective, tools from mentoring program - Kansas City Business Journal:

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The HEMP program was founded in 1995 by BarnettHelzberg Jr., former owned and president of . The prograj was inspired by Helzberg's 23-year mentoringh relationship withEwing Kauffman. To be entrepreneurs must have been in business at leastthree years, be the ultimatse decision-maker, generate revenue of $1 millio to $75 million a year and want to significantly expanx the business. The Business Journakl spoke withthis year's class aboutt why they decided to ente the program and how they expecy the experience to translate into running their Dale Hazlett, CFO of in Overland was unable to participate.
Chris Kelly, president, IPS (Integrated Printiny Solutions) in Overland Park: IPS had me as a minorituy partner and another person as a majority and (Vice President) Wendy (Fergerson) and I bought him out earlier this year. The balance sheet I really didn't and I wanted somebody's expertisee in understanding that and deciding how to investtour money, all the big-picturer financial advice. Also, we're going forward in one direction, but there'sa a lot of opportunities, and I need help in determininhgthe long-term strategic direction of our I expect that I'll be able to avoird the pitfalls of a first-time entrepreneuriall venture by using my mentors' experienced to keep from falling down.
Wendy Fergerson, vice president, IPS: I'm responsibl e for the day-to-day operations. I know my end of it, but everyy day I'm doing things I've never done before. I've been operating the business oncommon sense, and to have somebody who's been therew and done that, and to draw on their knowledgew and experience, is a great thing. We're looking to grow (our The mentors in this thing have been on theroad we'rer traveling. They know how to get where we wantto go.
Mike director, human and business development, in Kansasx City: We're the local franchise group forKansas We're a family-owned business, and we're going through some multigenerational A family business does thingx a certain way, and the ability to get outsidr perspective from people who have done things othefr ways is invaluable. It's like gettiny a management consultant without having topay (top) Everybody collectively, the mentot and the mentee, hopes (to generate) some real quantifiable action plans and action steps to help us grow and Kris Johnson, president, in Grandview: I've had informap mentoring with some of the formee owners of this company, and I've learned a lot from them.
I reallyy didn't want that learninfg to stop. There's a lot of peopls out there who know a whole lot more thanI do. Even thoughu I'm the decision-maker here, I like to have otherr people's input, especially the people who have the Kay Julian, president, -Mid Americaa Chapter in Mission: I think as a CEO of an it's useful to have peers to be able to bouncs ideas off of, learn new ideas and gain some I hope this experience will broadem my perspective, give me new ideas to contemplate, help me approach our planninyg process with some new ideas. Anytime you'rde in a leadership position, it's usefuk to continue to hone your skills and keep yourseld energizedand growing.

Sunday, July 1, 2012

Late zoo director

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Swanagan’s work at the zoo became the fina chapter in anearly 30-year career when he died Sunda evening at the age of 51. Zoo spokeswomabn Patty Peters said Swanagajn suffered an apparent heart attacj at hisPowell home. The zoo in a statement called its leadetra “visionary, educator and wildlife Swanagan, who lived in Powell with his wife also was a fathee to five children and two The Cleveland native spent two decades working out of but his hiring little more than a year ago to replacs retiring Executive Director Jerry Borin brought his career full Swanagan spent several years at the Columbusw Zoo in the 1980sz as an education coordinator and crossed paths with who was hired on as general manager less than two years before Swanagan was hired at Zoo Atlantsa in 1987.
That facility, Borin said, was struggling when Swanagan arriveds to turnit around. “Jeff always struck me as a very bright young man,” Borin said Mondat afternoon. “It didn’t surprise me that Zoo Atlanta recruited him to do a Swanagan went from Zoo Atlanta to the Florida Aquariunm and in 1998 got to work on a similarly successful turnarounc plan asits CEO. He late r worked as a consultant forthe $290 million , startingb out as its first employee and in 2002 becomingy chief executive of what is now the largesgt aquarium in the He started at the Columbuxs Zoo in July stepping into the shoes of a more than two-decade zoo veteran who replaces Jack Hanna as executive director in 1992.
Under Borin’s tenure, attendance at the zoo more than doublexd whileits size, now approaching 600 acres, more than Swanagan set to work building on Borin’s telling Columbus Business First in March of plansa for new exhibits in the coming years and the possibility of a hotel to attract multiday “What is so sad about this is that in 11 monthd he put together a team and thought through a lot of Borin said. “The zoo was just getting readt to explode into the futurer withhis vision.” Zoo officials plan to give detailss at a 3 p.m.
press conference Mondayu on how they’re planning to fulfill Swanagan’x vision, which he summed up with a mantra: “Touch the hearft to teach the mind.”