|| Print ||
|Articles - Jan/Feb 2012|
|Thursday, January 19, 2012|
Page 2 of 2
The latest twist has Becker buying into more technology stocks such as Microsoft and Intel. On paper, the companies are trading at more modest prices, compared to their earnings, and they’re winning favor among traditionalists by paying quarterly dividends. But Pat Becker Jr. says less exacting metrics have also made him bullish: He’s noticed, for instance, that analysts are warming to the idea that Intel can compete in the smartphone market.
“If you’re talking to people on a regular basis, you can see when opinions change,” he says.
Becker remains a curious mix of a company at once entrepreneurial and old-fashioned. Within its conservative investment philosophy, it encourages staff to take risks that produce big returns for the company. But character also counts; bonuses are a mix of performance and “nebulous” things like teamwork and amiability around the office.
The family atmosphere extends from the literal to the figurative. While Pat Sr. still clocks in at 6:15 every morning and advises, Pat Jr. helps lead the company (Janeen McAninch is the CEO), his brother, John, runs the IT department and brother-in-law Blake Howells manages portfolios. The rest of the staff has been loyal to a person: Becker hasn’t lost an investment staff member since it started in 1976, though they have had some support staff turnover.)
It could be the old-school benefits that keep them close: The company shares profits up to 20% of an employee’s earnings in good years, and 15 of the 28 staff members own shares in the company. It also pays for things such as a dental plan for dependents, and parking passes.
But Pat Jr. argues there’s a unique temperament he searches out in new hires, which matches Becker’s approach to the market. “The wiring is so important,” he says. In a recent talk put on by Becker in Portland, renowned Wall Street strategist Jason Trennert named the ethos succinctly, saying, “When I think of Becker, I think of the F-word: fiduciary.”
The corporate world is now bending the elder Becker’s way, says Pat Jr. He sees boards behaving ethically and making fiscally sound moves in paying dividends and buying back stock. Still, there’s more to be done to restrain Wall Street from blowing more bubbles and to insulate against risks like flash crashes driven by computer-managed trading. He acknowledges that after this decade, the Occupy Portland protesters that camped out just a block from his office late last year had legitimate grievances.
“They’re right about a lot of stuff,” he says.
Rare honesty from a wealth manager, but then Becker is a rare breed.
Thursday, September 24, 2015
BY KIM MOORE | RESEARCH EDITOR
The traditional model of sports teams using paid media to get their message across is disappearing as teams look instead to social media to interact with fans.
Thursday, October 01, 2015
PHOTOS BY JASON E. KAPLAN
Images from the big 2015 celebration of worker-friendly organizations that make a difference.
Thursday, August 27, 2015
BY LINDA BAKER
How do you put a baby on the cover of a business magazine without it looking too cutesy?
Wednesday, September 30, 2015
The refugee crisis has put immigration and border issues on the front burner, in Europe and at home. In Oregon, attitudes toward illegal immigration haven’t changed dramatically since 2006.
Wednesday, August 26, 2015
BY KIM MOORE AND LINDA BAKER
Child care in Oregon is expensive and hard to find. We delved into the numbers and talked to a few executives and managers about day care costs, accessibility and work-life balance.
Thursday, September 17, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Ahead of the recreational rollout, what are dispensary owners most concerned about ?
Thursday, October 08, 2015
BY LINDA BAKER
In an era dominated by self-promotion and marketing speak, John Bradley, CEO of R&H Construction, is a breath of fresh air.
|The List: 100 Best Nonprofits to Work For in Oregon|
|Run, Nick, Run|
|100 Best Nonprofits: Working for equality inside and out|
|Keep Pendleton Weird|
|One Tough Mayor|
|VW admits system was intentionally placed to cheat|
|The $184,000 almond caper|
|Microsoft unveils new lineup of products|
|Miller-Budweiser merger hits snags|
|Portland State campus security to carry guns|
|Twitter's Steve Jobs?|
|American Apparel files for Ch. 11|
Wage gaps and workforce shortages are threatening the quality of care and supports to Oregonians with intellectual and developmental disabilities. Who’s caring for those who care for our most vulnerable residents?
Engaging employees and customers along the way.
After first visiting as tourists, entrepreneurs relocate to Oregon and spur economic growth.
Former Chief Medical Officer for Saint Alphonsus Health Alliance brings 30 years of healthcare industry expertise and innovation.
Have you reviewed and revised your vacation, sick leave and PTO polices? Determined how to best comply with Oregon's Sick Leave law? Let us help.
Cliff Davidson Named Partner of the Firm.