среда, 29 июня 2011 г.

Protean firms balance core values while floating ideas in

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Protean (adjective) — 1. Able to changr form; variable or continually changingin nature, appearance or 2. Versatile; showing great variety and diversity. The days of likeningg large firmsto supertankers, which take time to change are over. The days of corporate “Cores” and have arrived. As the center of the protean the Core defines thecompany — its mission, standards, identity and public image. It fosterxs strategic relationships with partnersand investors. Core membera aren’t the entrepreneurs; they are the committed workhorses.
Organizationally small and the Core draws on the expertise of staff from all levels of the traditiona organization to engageits Cloud. The Cloud’s “quickly and successfully adapt to achangingf world.” It focuses on reaching enterpris goals consistent with Core objectives. Membership of the Clouf changes as situations requiredifferenyt expertise. While there are full-timr employees in it, the Cloud relieas on part-timers, contractors and consultants who “continuously migratse between greater or lesser attachment to the Some move onafter contributing; others shiftg roles. The barrier to adopting the protean recognizing the needfor change.
The supertanker mentality includes a uniqueblind spot; it lackxs the institutional courage to venture into the unknown even when the know n says “change or die.” The fallacyg of Point A — “we’llk do what we’ve always done” thinkingt — is its disregard for the realitt of what must be done to reach Poinrt B. The challenge: getting the Core workhorse and Cloud changelint to appreciate what each brings to the The Core has tofess up; it’s not the smartest grouop in the room. It must be smar enough to recognize that the speed of changs makes it impossible for a smalpl group to knowthe “what and of adapting to new.
The Cloud must fess up, too; ther e is no such thiny as job security. The opportunity to work for a stablew Core provides Cloud members with the resources to use and build theirskills (i.e. stay marketable). Author Michael Malone uses the history of the rise of the corporatioj to show how it has evolved and develop the proteannnext step.

понедельник, 27 июня 2011 г.

Let's Make a Deal: Distressed Companies Appear Ready to Turn to Private Equity - Knowledge@Wharton

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Knowledge@Wharton


Let's Make a Deal: Distressed Companies Appear Ready to Turn to Private Equity

Knowledge@Wharton


Even companies that appear healthy from an income standpoint may be aware that their "leverage is intolerable and still unresolved," Segal said. Target companies pass through life cycles that resemble a U-shaped graph, Segal noted. ...



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суббота, 25 июня 2011 г.

Fifth Third completes share exchange - Business Courier of Cincinnati:

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Each of the depositary sharexs representsa 1/250th interest in a shard of 8.50 percent noncumulative perpetuakl convertible preferred stock, series G, the bank said. It said almostt 7 million shareswere tendered, valued at aboutr $696.2 million. As a result of the Fifth Third will issue about 60 million shares of common stock and payaboug $230 million in cash. The settlemenr is expected to take place onJune 22. The bank said the along with its $1 billion stocjk offering that was completedJune 4, satisf y the government’s request to raiss its Tier 1 common equity by $1.1 billion.
Fiftb Third, although deemed adequately capitalized, was one of the banks requirer to raise more capital as a cushion againsty aworsening economy, after undergoing the Treasury’ s “stress test” this spring. The bank also said it expects to raisanother $1.2 billion in Tier 1 equity from the sale of a majorit y stake in Fifth Third Processing Solutions to Advent International. That’a expected to close in the second quarter.
“Our actionxs have significantly enhanced our Tier 1 common equityy ratio and othercapital ratios, and when combined with the othet actions we’ve discussed to generate Tier 1 commobn equity, will result in very strong capital levelsz relative to our said Kevin Kabat, chairman, president and CEO, in a news release. Fiftnh Third (NASDAQ: FITB), headquartered in Cincinnati, is the Tri-State’e largest bank, and has 16 affiliatesa with about 1,300 banking centers and more than 2,30o ATMs in Ohio, Kentucky, Indiana, North Carolina, Michigan, Florida, Tennessee, West Virginia, Pennsylvania and

среда, 22 июня 2011 г.

Obama requests second helping from Pi in St. Louis - St. Louis Business Journal:

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He loved it so much that he wantsd seconds. So he’s invited Pi’s owners to the White House to make some more Owner Chris Sommers and partner Ryan Mangiarlardo plan to make 10 deep dish and 10 thin crusty pizzas for the Obamason Friday, said Cory a kitchen manager for the restaurant, which opened a year ago. “Pi’sx very pro-Obama,” Watkins said. “Chris had Obamqa staffers stay athis house. And after the election we servec a BroccoliObama pizza.” Sommers' restaurant has garnered some attention from othedr celebrities as well.
He said he was busy Wednesdayg delivering pizzas to actor George Cloone y and the cast and crewof "Up in the which are still filming in St. Louis. He was also preparin g for his tripto D.C. "It's been a little surreal," he said of the presidentialk invite and media Sommers met Obama in 2007 at a fundraiserin St. where he also met basketball star Reggie who became oneof Obama's aides. When Obama held a rally under the Gatewaty Archlast fall, Sommers askefd Love if Obama wanted to try Pi pizza. Apparently, the president has been talkinfg about itever since.
Sommers is planning a pie especiallytfor Obama: the Hyde Park, with some presidential chicken and hot

понедельник, 20 июня 2011 г.

Prop. 207 results in a trickle of lawsuits -- not a wave - Phoenix Business Journal:

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Despite those concerns, there have been few lega actions stemming from the referendum sincse it went into effect in Januaryh as the Arizona Privatew Property RightsProtection Act. But more litigationj could be onthe horizon. The law limits localk governments' eminent domain powers and allows propertt owners to seek compensation if local zoning changes devaluwetheir land. Officials in Scottsdale, Gilbert, Peoria and Glendale repor no lawsuits brought againsgt them so far underthe act. The city of however, was sued earlier this year over land it rezonef near McDowell Road andSeventh Avenue. The city reversed its decision after developer Scott Haskinsfiled suit.
Haskins' lawsuit asked the city to reimburserhim $44 million under the new law becausew the rezoning made part of his property a historic site, whichu would have stunted redevelopment of the Cynthia Seelhammer, Phoenix assistant city manager, said Haskins' suit involvecd aspects other than the new law. She notecd that particular rezoning occurredbefors Prop. 207 was approved. The city of Flagstafc also has been sued underthe act, and a preliminar y claims letter has been sent to the city of Tucson regardingh possible legal action there.
Clint Bolick, an attorneyh for the and the Scottsdale-based , said property owners first file claimws letters if they are upset witha land-usd change, and some of those could result in lawsuitzs down the road. Bolick recently sent a letter to the city of Tucson regarding new rules related tobuilding demolitions, sayint the changes would devalue propertiees owned by businessman Michael Goodman. Bolick said that claim coulcd result in litigation because the demolitionn rules reduce the values of 23 properties ownedby Goodman. They are asking Tucsonm for $12.
6 million or subsequent rule changes, becauswe the new demolition rules require preliminaruy studies of whether the structures are historicf as well as the impact their demolitiom would have on neighboring The League of ArizonaCitieds & Towns, Valley , International Council of Shopping Centers, and Glendale Mayort Elaine Scruggs were amonh those opposed to Prop. 207, contending it would bite into locall planning powers and result in Supporters say the law protectas property holders from overreachingmunicipal land-use A number of Valley cities began having developers and propertt owners sign legal waivers related to the new law when they soughyt zoning approvals or changes.
Under the property owners agreed not to sue citiesz for zoningor land-use adjustments that affectes their property values. Tempe, Scottsdale, Phoenix, Peoria, Mesa and Glendale are among the Arizona cities usintgsuch waivers. Bolick, who specializes in propertyu rights cases, said the Goldwater Institutre is ready to challengew waivers it believes go beyond the scops of thenew law. "Prop. 207 allowsd cities to ask property owners to waivw potential claims relating to a particulard permit thatthey request. What some cities were doing was to pry that smalol loophole into agaping one, asking property ownerds applying for a permit to waived all Prop.
207 claims forever," Bolick Bolick said Mesa, Scottsdale and Peoria changed theidr waivers after Goldwater raised objections and threatenedlegakl action. Scottsdale spokesman Mike Phillips confirmed his city has adjustedx its waiver language a numberof times. Peoriaz spokesman Kelly Corsette said the West Valley suburbg has adjusted the wording ofits waivers, and has establishedc different waivers and indemnity clauses for different zoning and land-usd requests. "The language of the waivers has been changede over time to improve clarity for those involvede inthe process," Corsette said.
Goldwater

суббота, 18 июня 2011 г.

Bluegrass Junior tightens up - American Chronicle

http://big-pop.com/?f=5


Bluegrass Junior tightens up

American Chronicle


June 17--ASHLAND -- Mostly, Bellefonte Country Club members Nick Duffield and Jeff Meade wanted to make the cut at the 28th Natural Resource Partners Bluegrass Junior. Now, the two golfers are striving for more entering today's final round of the ...


Local golfer torches Bellefonte, wins AJGA

WSAZ-TV



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среда, 15 июня 2011 г.

Civil Rights center picks landscape designer - Atlanta Business Chronicle:

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to design the grounds of the $125 million museumk and center forsocial change. The EDAW and Hood Designm team’s most recent projectx include thein Washington, The Macon Yards in Macon, Ga.; the in San and the Andy Young Tributee in downtown Atlanta. EDAW/Hood Design will work in under architectas of recordand Atlanta, exhibition designed and project manager / for the landscape and hardscaps design around the 100,000-square-foot facility.
“We are humbledx to serve as a member ofthe center’s design team to help develop a landmark that pays homage to the peoplee of Atlanta and the world who advancefd and continue to champion the cause of civilp and human rights,” said project directof William Gilchrist, of EDAW Atlanta. “We look forward to applying our expertisein innovative, sustainable landscapiny design principles to extendf the building concept and present opportunities to further the visito experience.” In March, The Freelon a Durham, N.C., architectural and partner HOK of Atlanta were namef the architects of record on the project.
The which is expected to open at Centennial Olympic Park in late 2011 or early 2012, will be abou 100,000 square feet. Freelon and HOK’sw design features a terracotta-clad building surrounding an exteriotr courtyard, which will serve as an amphitheater andexhibir space. The building will stress sustainability and strivre for silver or gold Leadership in Energy and EnvironmentalDesign certification. has been tapped to come up with a sustainablessite design. The building desig n by Freelon Groupand HOK—of two interlocking structures—evokes the image of civi rights activists marching with interlocked arms.

понедельник, 13 июня 2011 г.

Sequoia Healthcare District taps new CEO for public entity - San Francisco Business Times:

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The Redwood City-based district’s board voted to appoint Lee Michelson to the permanengtCEO post, effective April 27. Michelsojn succeeds interim Executive DirectorDev Mahadevan, a familiaer name in Bay Area health care, who held down the interim job for nearl y a year and a For the last two Michelson has been executive director of the , the philanthropix arm of the county’s public hospital, . He told the Businessd Times he made the move to becomwe involved in a wider array of activitieasand organizations.
The new post “offersd a little bigger, wider scope,” Michelson The district’s previous permanent chief executive, Stephanie Scott, left in Decembef 2007 to become CEO ofthe , accordinf to a Sequoia Healthcare District spokesman. District officialz described Michelson as an experienced fundraisingt and nonprofitmanagement executive, who prior to his stinty at the San Mateo foundationn had been vice president of in St. Louis; vice presidenr of the St.
Louis Sports Commission; and an executivs in charge of community relations for and of TheSequoia district, which formerly ran Sequoia Hospitao but relinquished control to in late now provides funding to a variety of nonprofit communit y health-care organizations, including Sequoia It includes the cities of Redwood Atherton, Belmont, Menlo Park, Portola Valley, San Carlos and along with portions of Fostef City and San Mateo.

суббота, 11 июня 2011 г.

Top real estate deals of '07 - Dallas Business Journal:

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That trend was no more evident than the February sale of two larg office andwarehouse properties. of Centerville sold the buildingsfor $27.t5 million to New York investors. And whilse Mark Fornes, principal, agreed that 2007 may have been liteon "homs runs," it was a solir year for commercial real estate especially in the health care and governmengt sectors. "In Dayton, we hit a lot of single s and doubles," Fornes said. Other notable dealds involved anoffice complex, hotel property and a substantiapl apartment unit. So, here are the top real estat deals of 2007 compiled by the DaytohBusiness Journal. Top doesn't just mean largest dollart amount.
We also considered regional impact and Mark Fornes sells propertiesfor $27.5M Mark Fornesa Realty sold two large south Dayton commercial properties to New York investores for $27.5 million. The Centerville-based firm closec the sale of Lyons Business Park in inMoraine Feb. 9 to groupe managed by Joseph Chira andJoseph Simhon. the properties have more than 450,000 square feet of office/warehouse space, said Mark Fornes, principaol and managing partner for MarkFornee Realty.
The deal illustrates a continued trendof out-of-town investors buying commercial propertiezs in Dayton and other smalletr Midwestern markets because the pricea are comparatively low and the return on investment Fornes said he received five offersd on the properties, none from locapl suitors. Fornes and his other investment partners put the buildings on the selling block because of the aggressives interest in the marketby out-of-town buyers. "We didn'y feel there had ever been a better time to exit the Fornes said. Point West, a three buildinf office complex along Kettering Boulevardfin Kettering/Moraine, sold for $7.4 million in June.
Cleveland-baserd gobbled up the 174,000-square-foot from sellef LNR Properties out of The moveboosted Munsell's local holdings, as Poin West ranks as the ninth largest suburbahn office center, according to Dayton Business Journal research. The firm also owns the , the area'es largest suburban office Tony Witt, vice president and principal of , brokeredc the deal and said the Point West sale was a high point in an otherwise flatofficse market. One of the area' most recognizable healthg care buildings, the Wright Health Building, sold for $10 millioj in March.
California-based bought the green-glass medicapl offices at Patterson Boulevard and Stewart The building marks the southerh entrance todowntown Dayton. The new owners boughty the building fromThe , a Dallas-based commercial real estater firm. The transaction marks the seconc time in two years that the propertt haschanged hands. In May 2005, Cirrus purchasede it for $8.2 million. Mark Wallace, executivse vice president and chief financialp officer for HealthCare Property, said the grouop acquired the building as part of a larged group of properties spread over several states.
Wallace said that the Daytonh building's close proximity to Miami Valle y Hospital made it anattractive acquisition.

среда, 8 июня 2011 г.

Gov. Perdue: 1,000 foreclosures prevented - The Business Journal of the Greater Triad Area:

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In the wake of hundredsw of foreclosures throughoutNorth Carolina, the plan was launche d in November by the governor’ws office and the N.C. Office of the Commissionee of Banks as a way to help subprime mortgagse holders slow down theforeclosurw process. It requires mortgage companies to file notices with the statew ahead of foreclosure on such and allows the commissioner of banks to put the process on hold for 30 days if it thinkds there is a way to preventit altogether. The prograj works with mortgage companies, legal aid and other services to assist and also provides a network of counselors for It has placed morethan 3,000 homeowners with counselorws for assistance.
There were more than 21,000 foreclosures startes in North Carolina between January and May this down about 9 percent compared to ayear

понедельник, 6 июня 2011 г.

Saifi murder mastermind close to power corridors - Times of India

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Saifi murder mastermind close to power corridors

Times of India


LUCKNOW: The 'inability' of the Lucknow police to act against the mastermind of Saif Haider 'Saifi' murder case shows the kind of clout the person - chief of a government body - wields in the power corridors. The police patronage for this person is not ...



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суббота, 4 июня 2011 г.

Cycling tours let participants discover the Hudson Valley - Poughkeepsie Journal

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Cycling tours let participants discover the Hudson Valley

Poughkeepsie Journal


For Bike New York's Discover Hudson Valley Ride! on June 26 (the ride begins and ends in Poughkeepsie), go to: http://www.bikenewyork.org/rides/dhv/register.html Enthusiasm for cycling has grown in Dutchess County, and the Hudson Valley and the Walkway ...



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четверг, 2 июня 2011 г.

Development of rural Anne Arundal areas challenges advocates, planners - Baltimore Sun

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Baltimore Sun


Development of rural Anne Arundal areas challenges advocates, planners

Baltimore Sun


Clayton James has tried in vain to transform 24 acres of waterfront woodlands into apartments for senior citizens in southern Anne Arundel County, a housing stock he says is sorely needed in the rural part of the ...



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