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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.”
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
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.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
Friday, August 22, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
When business intersects with family, a host of situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
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Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.