VOL. TMN-9 | NO. 45 | Saturday, November 5, 2016
St. Jude CEO talks about 2016, what’s to come
With the arrival of the holiday shopping season, dozens of major retailers – brands from Best Buy to Williams-Sonoma to Brooks Brothers and New York & Co. – as well as the consumers who patronize them will also be turning their attention to St. Jude Children’s Research Hospital.
Sometimes revolutionary ideas are expressed in small voices.
Incentives are an indispensable tool for attracting major corporate tenants to Memphis. Memphis industrial real estate activity is hot, there’s something of a war for office sector talent and there’s been good absorption of multifamily space in Memphis this year.
A total of 242,309 citizens, or 42.6 percent of registered voters, cast an early or absentee ballot during the early voting period that ended Thursday, Nov. 3, according to Shelby County Election Commission figures.
SMALL BUSINESS SPOTLIGHT
The work won’t wait. When it needs to be done, it needs to be done and it needs to be done right. Wayne Austin, president of Austin Insulation, has always operated with that mindset.
THE MEMPHIS NEWS ALMANAC
2005: Baptist Memorial Hospital comes down in a controlled demolition in which the four wings of the 18-story, 924,000-square-foot reinforced concrete hospital building collapse in a heap of rubble 49 years after the original two wings opened to the public. The other two wings of the structure were added in 1966. Also demolished earlier as part of the project was the adjoining Physicians and Surgeons Building, which had been built in 1912 as the original Baptist Hospital.
The carillon at Idlewild Presbyterian Church played the University of Memphis fight song Wednesday, Nov. 2, as the parking lot of the Midtown Kroger filled with cars. A block away a fire truck’s siren mixed with the church bells as the truck left the Union Avenue fire station to a call.
The marketplace section of the Ikea Memphis store is still a work in progress six weeks from its Dec. 14 opening.
Donald Trump is going to win easily in Tennessee.
Bill Weld didn’t wait for a question about Democratic presidential nominee Hillary Clinton to come up during a Wednesday, Nov. 2, campaign stop in Memphis.
Dean Jernigan is one of those CEOs who’s happy to spend big chunks of earnings calls with analysts leading a deep dive into the macroeconomics of his public company’s industry.
ARTS & ENTERTAINMENT
The contrast couldn’t be greater. The Orpheum Theatre opened in 1928 and was one of the first buildings in Memphis placed on the National Register of Historic Places. The Orpheum’s Halloran Centre for Performing Arts & Education is a year old and is a model of contemporary design, technology and other amenities.
Memphis-based Verso Corp. is laying off 190 workers at its Androscoggin Mill in Jay, Maine, as it temporarily idles one of its paper machines there.
Methodist Le Bonheur Healthcare CEO Gary Shorb is retiring from the hospital system at year’s end. In addition to a legacy that’s included 15 years as Methodist’s CEO, plus other leadership roles at Methodist and at Regional One Health, Shorb is also leaving something behind in the city’s medical district – his name.
Starting a used car lot used to be a lot simpler. In fact it was considered a right – “development by right” – until a change in recent years in the local Unified Development Code.
For Melvin Williams, chef at Alpha Omega Veteran’s Services, receiving venison donated by the Tennessee Wildlife Federation’s Hunters for the Hungry program is a special treat each hunting season.
GOVERNMENT & POLITICS
A pot ordinance for unincorporated areas of Shelby County got only four votes Monday, Oct. 31, from the county commission but still advanced to second reading, and commissioners could not agree on a resolution opposing a Nov. 8 ballot question that would shift MLGW funds to the city of Memphis.
The way Rhodes College junior Tate Mulligan sees it, to whom much has been given, much is expected.
MARKETING & ADVERTISING
Morris Marketing Group, Archer Malmo and DCA took top honors at the 23rd annual Vox Awards hosted recently by the PRSA Memphis chapter at Visible Music College.
With about six weeks left until Ikea Memphis' grand opening, the Swedish furniture retailer is assembling the displays within the 271,000-square-foot store. The store opens Dec. 14, but managers are preparing for customers to begin lining up two days beforehand.
First Tennessee Bank’s Memphis-based capital markets business, FTN Financial, is acquiring a Houston company that specializes in Small Business Administration loans.
Before Thanksgiving, the Wolf River Conservancy should have a contract awarded to begin work on the trail and trail head at Kennedy Park and start work on the privately funded part of the 21-mile Wolf River Greenway.
Five games into their season, the Memphis Grizzlies have provided a small sample size that is simultaneously encouraging, confounding and still mildly concerning.
You can buy into the goat, into the black cat that walked in front of Ron Santo in 1969, into infamous Steve Bartman and, well, into the whole notion that the Cubs were cursed for 108 years, if you wish.
If Tennessee football coach Butch Jones thought last Saturday night was bad in Columbia, South Carolina, he had no idea what was waiting when he got back to Knoxville.
In a remarkable change of course over recent seasons, the Tennessee Titans entered the month of November still relevant in the AFC South race.
Outside of his game-winning touchdown catch that capped a comeback in Detroit, Andre Johnson didn’t do much on the stat sheet for the Tennessee Titans.
When Butch Jones arrived at Tennessee, he adopted a “brick-by-brick” mantra for describing the building of the Vols program. And the bricks did appear to be getting stacked higher: five wins in 2013, seven wins the next year, and nine last season.
Redshirt junior receiver Anthony Miller had a record-setting day with 12 catches for 250 receiving yards. But with the University of Memphis suffering a second straight defeat last Saturday, 59-30 to Tulsa at Liberty Bowl Memorial Stadium, he hasn’t spent much time replaying the good moments.
Shannon A. Brown, senior vice president and chief human resource/diversity officer at FedEx Express, has been named to Savoy Magazine’s Power 300: 2016 Most Influential Black Corporate Directors list. Brown, who was honored as a member of the BancorpSouth Inc. board of directors, also holds board memberships with several universities and nonprofit organizations in the Mid-South and beyond.
MARTHA KELLY'S MEMPHIS
Memphis artist Martha Kelly captures the splendor of the Harahan Bridge this month where the new, nearly one-mile Big River Crossing boardwalk connects Memphis with West Memphis, Arkansas.
Ray’s Take Stock market corrections are an inevitable part of investing. Since 1932, declines of 10 to 20 percent have occurred every two years on average. It might happen next week, three months from now, or next year.
GOT TO KEEP SWINGING. In the last week, somebody took my iPad and my sunglasses out of my car, the hot water heater crapped out and rained through the ceiling light fixtures, something crawled up inside our dryer vent and died, and somebody lifted my wife’s phone and wallet from her purse. Job called and offered his condolences.
Blame it on Disney Pixar. When our son was younger he was obsessed with the “Cars” movie.
Things I already knew, but have recently reconfirmed: That, at any given time, my clothing (including the contents of my pockets) weighs about six pounds.
In the 1989 film “Field of Dreams,” Kevin Costner’s character builds a baseball field after hearing a voice say, “If you build it, he will come.” As job seekers, it seems we often try to take a similar approach.
It’s a scenario many sales leaders know too well: You hire talented people with stellar track records and are left bewildered when they struggle to make their numbers week after week. You coach them. You put them on performance improvement plans. You remind your team of minimum targets and echo their bonus incentives at every sales meeting. Yet your team’s performance continues to decline and motivation nosedives as a result.
November and December are times of increased giving. So many of us are relationship- and philanthropy-focused. We open our homes to friends and family, and we open our wallets to nonprofits.
Command-and-control, top-down organizations have the most trouble innovating. In particular, the fearful mindsets that review, align and sign off on “decks” to be presented to vice president-level colleagues often edit out the insights and recommendations that have the power to grow the business in new ways.