Published by the Commercial Appeal, Saturday, July 14, 2007
Well said Warren Buffett:
"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."
You could call Timothy Nicholls the chief financial officer who came in from the cold. International Paper named Nicholls, 46, its CFO, taking him away from a job as executive project leader on a potential joint venture with a Russian pulp and paper company.
He has also been vice president and chief financial officer of the company's European operations, based in Brussels, Belgium, and president of the company's former Canadian pulp and wood products business.
O'Connor easing out
With his 65th birthday coming up next year, John O'Connor will ease out of his job of the past 18 years -- chief credit officer of First Horizon National Corp. of Memphis.
O'Connor will stay on full time until at least the end of the year, then take a consulting role until May 2008, when he turns 65. In all, he has been with the company, formerly First Tennessee National Corp., for 36 years.
Greg Oliver, 44, will move into the position. He has more than 20 years of work in
credit, the last four with First Horizon.
Lessons in nutrition
The Junior League of Memphis, a women's organization dedicated to promoting volunteer work, announced a $25,000 donation to fund a nutrition teaching room at LeBonheur Children's Medical Center. The room will be designed like a home kitchen and used to teach parents about children's dietary needs.
The donation will help fund a planned $327 million expansion of the children's hospital. Leaders with the hospital's parent organization, Methodist Le Bonheur Healthcare, say they hope to make the hospital one of the best of its kind in the nation. The groundbreaking is scheduled for February.
The hospital plans to raise the funds through donations, through its operating revenue, and by issuing bonds.
The art of business
Tactical Magic was in rarefied form Friday night when it received a One Show design award at the Chelsea Art Museum in New York.
Tactical was the only Memphis firm honored. And if you're wondering about the winning masterpiece, let this inspire you.
It is a business card Tactical designed for sBox Storage, a Memphis company owned by Folk Investment.
The card folds along scored lines to form nothing other than one of Folk's storage boxes, complete with logo.
"The business card makes an immediate impression," said Chris Folk, president. "They never forget my business card."
Trace Hallowell is managing partner of Tactical Magic, 1460 Madison.
"A brand that captures your mind gains behavior. A brand that captures your heart gains commitment." - Scott Talgo