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|Archives - January 2007|
|Monday, January 01, 2007|
Harvey PlattCEO, Platt Electric
Even after 20 years, Harvey Platt still feels like the accidental head of his family’s 53-year-old wholesale electrical supply business, Platt Electric. “I thought I’d always be someone who worked for his brother,” he says of filling the void left by older sibling Jerry, who was Platt Electric’s president when he died from cancer in 1986. “I never planned to be in charge, which is why I’m so encouraging of employees to work their way out of the warehouse. You don’t start at the top, but you can get there.”
This scenario is familiar to Platt as he was, literally, sent packing to the warehouse after college in 1972 to wrap and ship electrical wire because his father said “that’s where his real education” began. After a year, Platt tried his hand at sales, then administration and purchasing, where he spent the next 14 or so years before losing his brother. He wasn’t prepared to take over and learned quickly how he and his brother differed in their management styles. “Jerry’s approach was ‘I will tell you everything you need to know,’” says Platt. “I was big on training people so they could figure things out for themselves. That was a tough transition, but it’s proven fruitful.”
In 1997, Platt became CEO and his cousin Jay took over as president. Jay’s leadership, he says, has helped strengthen the family-business side of their corporate culture: a model built on performance and enthusiasm, not fancy degrees. “If you hire the right people, give them incentives and a good corporate culture, they’ll stick around,” says Platt, adding that four of his regional VPs started in the warehouse. “Our electrical wire isn’t any better than anyone else’s, but I think our employees are happy and it makes all the difference.”
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Thursday, June 26, 2014
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
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