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|Articles - July 2010|
|Saturday, June 26, 2010|
It was the year before the start of the new millennium and 1999 wasted no time in generating some of the biggest events of its decade. In January, the Euro currency was launched and President Bill Clinton’s impeachment trial in the Senate began. In February, the New Carissa ran aground off Coos Bay and Clinton was acquitted. The “Melissa worm” in March infected Microsoft applications, and April brought the unspeakable tragedy of the Columbine High School shootings.
The year also saw the death of John F. Kennedy Jr. and his wife and sister-in-law when their plane crashed, Lance Armstrong winning his first Tour de France, and a Portland jury ordering Philip Morris to pay $81 million to the family of a man who died of lung cancer. My Space, Bluetooth and Napster debuted and Viacom announced it would buy CBS for $36 billion, the largest media acquisition in history. The average price of a new house was $131,750, gas cost $1.22 a gallon and the Dow closed above 11,000 for the first time.
Closer to home, Oregon Business published its Private 150 list, an annual ranking of the private Oregon companies with the largest gross revenues. Topping the list were two companies with revenues of more than $1 billion: window and door king Jeld-Wen and wood products distributor North Pacific Group. The editor’s note that ran with the list proudly noted that 97 of the 150 companies had a website.
It was the last year that there were only two companies in the billion-dollar club. Over the next 10 years the list rose and fell with Oregon’s economy:
In 2005 there were four: Jeld-Wen, North Pacific, Hampton Affiliates, Les Schwab and Roseburg Forest Products. The housing and construction industries roared.
In 2006, there were seven: Jeld-Wen, Hampton Affiliates, Epic Aviation (fuel distribution), Les Schwab, North Pacific, Roseburg Forest Products and Colson &Colson/Holiday Retirement. The addition of Roseburg made three forest product companies on the list as the housing industry boom continued.
In 2007, there were nine: Jeld-Wen, Hoffman Construction, Les Schwab, Epic, North Pacific, Colson & Colson, Roseburg Forest Products, Hampton Affiliates and Vesta (electronic payments). The boom was at its peak …
In 2008, there were six: Jeld-Wen, Hoffman, Les Schwab, Epic, Roseburg Forest, North Pacific. The construction industry and the rest of the economy collapsed …
In 2009, there were four: Jeld-Wen, Les Schwab, Epic, Hoffman, Roseburg Forest. And the collapse continued …
And then there were two. The 2010 billion-dollar club is dialed back down to 1999 levels with Jeld-Wen and Les Schwab the lone survivors of the Great Recession Massacre. The club is not the only indicator of a healthy economy, but it’s not a bad thumbnail. Here’s hoping the picture gets better next year.
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
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.
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?
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, June 16, 2014
The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.
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?”
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.
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.