The Con-way deal

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Articles - March 2012
Friday, March 02, 2012

BY LINDA BAKER

Since late 2010, Con-way, a trucking and logistics company, has been working on a master plan for a new mixed-use community in Northwest Portland. In a few months, when the plan is completed, Con-way will actively solicit developers to build office, residential and retail projects on the site. The 17-acre project is expected to be fully built out in 10 years.

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Property owner: Con-way, headquartered in Ann Arbor, Mich.
Architects: GBD Architects
Planner: John Spencer
Landscape architect: Carol Mayer-Reed
Neighborhood partners: Northwest District Association

“We’ve been on site 80 years and have a bit of a legacy to pass on. We want to make sure a vibrant community surrounds our buildings so we can hire the best and the brightest.”— J. Craig Boretz, Con-way Vice president

 

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New power operates differently, like a current. It is made by many. It is open, participatory, and peer-driven. It uploads, and it distributes. Like water or electricity, it’s most forceful when it surges. The goal with new power is not to hoard it but to channel it.

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This month we also take a look at a controversial new U.S. Securities and Exchange Commission rule requiring public companies to disclose the median pay of workers, as well as the ratio between CEO and median-worker pay. 

Part of the 2010 Dodd-Frank financial reform law, the rule will compel public companies to be more open about employee compensation, with the assumption that greater transparency will improve corporate performance and, perhaps, help address one of the major challenges of our time: income inequality.

New power is not only about strategy and tactics, the Harvard Business Review authors say. “The ultimate questions are ethical. The big question is whether new power can genuinely serve the common good and confront society’s most intractable problems.”

That sounds like a call to arms. Or a New Year’s resolution. Old power or new, the goals are the same: to be a force for positive change in the world. Happy 2015!

— Linda


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