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$2.00/JUNE 20 - 26, 2011

Company valuations rebound Partners LLC had set. price or profits, he said he and other Strategic buyers, private equity outfits The business owner’s reaction? investors were surprised by the “Elation,” said Ralph M. Della Ratta price they attained when they sold flush with cash generate M&A activity Jr., managing director of the Cleve- the Cleveland company, Flow land firm that advised on the sale, Polymers, in late 2010 to a Chicago FILE PHOTO/RUGGERO FATICA By MICHELLE PARK market Ohio company drew 21 who was quite happy himself. private equity firm. Ellis Yan, CEO of Technical Consumer [email protected] bids and ultimately in April snagged The news here isn’t that one “It was higher than we thought it Products Inc. of Aurora roughly $50 million — a price 10 company drew a higher price than would be,” said Mr. Moore, presi- Not even an investment banker times the company’s earnings it would have two or three years dent of Dan T. Moore Co., a busi- with 25 years of experience expected before interest, taxes, depreciation ago. It’s that many companies are. ness incubator. “You’re seeing a lot TCP lights up this. and amortization (EBIDTA) and Though serial entrepreneur Dan of high prices. A first-quarter auction of a middle- T. Moore said he couldn’t divulge with potential beyond the range Western Reserve See DEALS Page 17 for growth Aurora firm to expand compact fluorescent line ACCOUNTING By CHUCK SODER [email protected] HIRES ADD UP Ellis Yan wants his light bulbs to replace Thomas Edison’s. Mr. Yan, CEO of Technical Con- Local businesses replenish staffing levels sumer Products Inc. of Aurora, said he has spent the past four years preparing after recent years of industry tumult for 2012, when the federal govern- ment will begin phasing in a ban on traditional incandescent light bulbs. By MICHELLE PARK Starting Jan. 1 it will be illegal for [email protected] companies to make or import 100- watt bulbs. The same thing happens he bloodbath is over. to 75-watt bulbs on Jan. 1, 2013, and After a period of more accounting firm 40- and 60-watt bulbs will join them layoffs than one industry consultant can on the banned list a year after that. remember in decades, CPA firms are Mr. Yan wants to make sure con- T back in hiring mode. sumers replace many of those bulbs Ernst & Young LLP, one of the big four accounting with compact fluorescent lamps firms, has hired more than 100 in Northeast Ohio made by TCP, one of the world’s in the last 12 months — an increase of about 10% biggest CFL manufacturers. for the market — and expects to add another 100 Hence, ever since the federal gov- over the next year, said Lee Thomas, who ernment passed the Energy Inde- becomes Cleveland office managing partner in pendence and Security Act of 2007, December when Northeast Ohio managing he has been ramping up his company’s partner Don Misheff retires. (Simultane- See LIGHT Page 5 ously, Ed Eliopoulos will become Akron office managing partner.) The firm’s three-figure hiring INSIDE follows three years of reduced Laying down the law hiring, Mr. Thomas noted. See HIRE Page 6 Nationally recognized legal scholar Lawrence E. Mitchell on June 1 became the first non-interim dean at Case Western Reserve University’s School of Law since 2008, and he is motivated by the opportunity. Read Michelle Park’s story on Page 3.

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2 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM JUNE 20 - 26, 2011 COMING NEXT WEEK LOOK HERE If you’re seeking a job these days, your best bets are in business services, Back from a bad place health care and leisure/hospitality. Government work, meanwhile, is hard to find. Those are some of the findings of new data from the Bureau of Labor Statistics, which reports the job openings rate for all industries was 2.2% in As part of our Comeback Kids 700 W. St. Clair Ave., Suite 310, April. (The rate is computed by dividing the number of job openings by the sum section, Crain’s talks to three Cleveland, OH 44113-1230 of employment and job openings and multiplying that quotient by 100.) Phone: (216) 522-1383 Northeast Ohio entities that worked Professional and business services had the most job openings, at 3%, while Fax: (216) 694-4264 through some tough times. Plus, government was the worst, at 1.4%. Here’s a breakdown by industry: www.crainscleveland.com turnaround specialists tell us Industry Job openings rate, April 2011 Publisher/editorial director: Brian D. Tucker ([email protected]) the secrets of a good recovery. Professional and business services 3.0% Editor: Mark Dodosh ([email protected]) Education and health services 2.7 Managing editor: REGULAR FEATURES Leisure and hospitality 2.3 Scott Suttell ([email protected]) Sections editor: All industries 2.2 Amy Ann Stoessel ([email protected]) Best of the Blogs...... 19 Going Places...... 10 Assistant editors: Big Issue...... 8 Letter ...... 9 Trade, transportation and utilities 1.9 Joel Hammond ([email protected]) Manufacturing 1.9 Sports Classified...... 18 List: Highest-paid CEOs ..16 Kathy Carr ([email protected]) Editorial...... 8 Reporters’ Notebook ....19 Construction 1.7 Marketing and food Senior reporter: From the Publisher...... 8 What’s New ...... 19 SOURCE: DATA.BLS.GOV Stan Bullard ([email protected]) Real estate and construction Reporters: Jay Miller ([email protected]) Government Chuck Soder ([email protected]) Technology Dan Shingler ([email protected]) Manufacturing Tim Magaw ([email protected]) Health care & education Michelle Park ([email protected]) Finance Research editor: Faster payroll Deborah W. Hillyer ([email protected]) Cartoonist/illustrator: Rich Williams Marketing/Events manager: Christian Hendricks ([email protected]) Marketing/Events Coordinator: Jessica Snyder ([email protected]) Advertising sales director: has its merits. Mike Malley ([email protected]) Account executives: Adam Mandell ([email protected]) Dirk Kruger ([email protected]) Nicole Mastrangelo ([email protected]) Dawn Donegan ([email protected]) Office coordinator: Toni Coleman ([email protected]) Web/Print production director: Craig L. Mackey ([email protected]) Production assistant/video editor: Steven Bennett ([email protected]) Graphic designer: Lauren M. Rafferty ([email protected]) Billing: Susan Jaranowski, 313-446-6024 ([email protected]) Credit: Todd Masura, 313-446-6097 ([email protected]) Circulation manager: Erin Miller ([email protected]) Customer service manager: Brenda Johnson-Brantley (bjohnson-brantley@ crain.com) 1-877-824-9373 Crain Communications Inc. Business Online Payroll turns the marathon of running payroll into a sprint. Keith E. Crain: Chairman Rance Crain: President Merrilee Crain: Secretary Complete payroll in just a few short strides with FirstMerit’s full service payroll solution. Run payroll anytime and Mary Kay Crain: Treasurer William A. Morrow: anywhere you have internet access – even from your mobile device. Plus, you’ll get the added comfort of knowing Executive vice president/operations Brian D. Tucker: Vice president ZPVIBWFBDDFTTUPPOMJOFTVQQPSUBOEGVMMTFSWJDFUBYQBZNFOUBOEƀMJOH(FU#VTJOFTT0OMJOF1BZSPMMBOE Robert C. Adams: TUBSUGPDVTJOHPONPSFQSPƀUBCMFBDUJWJUJFTrMJLFSVOOJOHZPVSCVTJOFTT Group vice president technology, circulation, manufacturing Paul Dalpiaz: Chief Information Officer Dave Kamis: Vice president/production & manufacturing

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JUNE 20 - 26, 2011 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 3 INSIGHT Manufacturers anticipate boost from natural gas Extraction process requires sand, industrial components produced by NE Ohio companies

By DAN SHINGLER drilling did for Houston in the last [email protected] century — by serving as the chief driver of a burgeoning local economy. If some experts are right, manu- This industry is not medical facturing in Northeast Ohio, and devices, wind turbines, motion pic- much of Ohio and Pennsylvania, is ture production or just about any- about to receive its biggest boost thing else you’ve heard economic since the popularization of the auto- development officials pitching in mobile. recent years. It’s natural gas drilling, “From a manufacturing perspec- made possible by improved techniques tive, the potential is huge,” said to extract the stuff from beneath Jim Samuel, a Columbus-based eastern Ohio and most of Pennsyl- economic development consultant vania. for utilities and others with a big Analysts say about 3,000 natural stake in the natural gas business. gas wells will be drilled this year and RUGGERO FATICA Mr. Samuel, also a fellow at in each of the coming years, until at Case Western Reserve University School of Law dean Lawrence E. Mitchell, in the school’s library Cleveland State University, says the least 2020. The activity already is industry springing up in our midst creating a boom for area companies might do for Cleveland what oil See BOOST Page 7

HE’S BRINGING ORDER THE WEEK IN QUOTES New CWRU law school dean embraces talent, challenges in his attempt to bring stability where it’s been lacking “When multiples go “We believe we’re in up, equity goes up, the leadership posi-

By MICHELLE PARK school ranked in the nation’s top 20, you wring your hands tion. Not ‘a’ leadership [email protected] knew when he began interviewing for more, your palms sweat position, but ‘the’ the deanship that the former dean, he new dean of Case Western Gary J. Simson, had been criticized more, and it becomes leadership position.” Reserve University’s School publicly and eventually stepped a harder and harder — Jim Crowcroft, vice president of Law is determined to stay down in late 2008 after two years at of marketing, Technical Con- awhile, or, as he terms it, until the helm. decision.We have sumer Products Inc. Page One Tthe job is done. The circumstances and instability And that’s exactly what officials worried Mr. Mitchell, he admits. But more money at risk if want for the school, where leadership he also says he was struck by the talent something goes wrong.” has been in a state of transition for at Case Western Reserve, and discus- two-and-a-half years. sions with the board and administra- — Stewart Kohl, co-CEO, The Lawrence E. Mitchell, a nationally tion instilled in him a confidence that Riverside Co. Page One recognized legal scholar from a law See ORDER Page 9

THE PAST IS IN THE PAST “Our alumni support “I think the strongest their high school the aspect is they really Lawrence E. Mitchell 2007) from major donors terrorism and international law. took the reins of Case and alumni for not paying The Roe Green Foundation in 2006 way others support are trying to give Western Reserve Univer- enough attention to wealthy awarded the law school a three-year, sity’s Law School on donors and for not updating $75,000 grant to fund seminars on their college alma these students very June 1. Embattled for- the curriculum. global terrorism. However, the grant mater.” practical mer dean Gary Simson While Mr. Simson touted was not renewed after only one — Jon Bridge, director of resigned in 2008; here, his Center for Social Jus- seminar because the head of that experiences.” advancement, University School. from a Crain’s story at tice, local philanthropist Roe program took a job at the University Page 12 — Dr. Maria Ramundo, a that time, are details of Simson Green — the law school’s of Utah’s law school. member of the MedTrack Mr. Simson’s struggles: biggest benefactor — also Read the full story at http:// advisory board at Padua Mr. Simson was under fire (in wanted more of an emphasis on tinyurl.com/3rdz3q4. Franciscan High School. Page 15 Rosetta continues to hire after acquisition by French company Growth may force marketing agency to expand downtown in old National City building TRACKING ROSETTA IN NE OHIO ■ July 2008: Rosetta, based in Hamilton, By CHUCK SODER of marketing for Rosetta, which is based future of the Cleveland office: At the time of N.J., buys Brulant Inc., a Beachwood-based [email protected] in Hamilton, N.J., but employs roughly 450 the announcement, Publicis stated it would provider of web development and marketing ser- people in downtown Cleveland. operate Rosetta as an “autonomous, stand- vices. Rosetta keeps Brulant’s 395 employees at Being acquired by a French company won’t The company already nearly fills the 80,000 alone brand.” its Beachwood office while looking to add more. stop Rosetta Marketing Group LLC from square feet on the top six floors at 629 Euclid Plus, both Rosetta CEO Chris Kuenne and ■ January 2010: Rosetta signs a 10-year expanding its Cleveland office. Ave., which is the old National City Bank partner Jeff Shiner described the Cleveland lease in the old National City Building at 629 Eu- The interactive marketing firm plans to add Building. If Rosetta can secure the space, it office as the company’s “technology hub.” clid Ave. in downtown Cleveland. 70 technology positions at its office on Euclid likely will expand downstairs, “one floor at a Moving that hub, which employs 70% of ■ Avenue before the end of the year. This Thurs- time,” as the office grows, Ms. Clegg said. Rosetta’s technology staff, would be hard, Mr. October 2010: Crain’s research shows day, June 23, at 5 p.m., Rosetta is hosting an “The most logical thing is to just keep moving Kuenne said. He expects it to remain in Cleve- Rosetta employs 404 in Cleveland, making it by open house for software developers, engineers down,” she said. land “indefinitely,” he said. far the largest marketing company in Greater and architects interested in joining the firm. Marketing giant Publicis Groupe SA of Rosetta as a whole is growing, driving the Cleveland. A more recent estimate from the com- The expansion might require Rosetta to Paris announced in May that it struck a deal need to expand the office. The company’s pany puts the figure at about 450. take additional space within the building, to buy Rosetta for $575 million in cash. The revenue hit $218 million in 2010, up 23% from ■ May 17: French advertising company Publicis said Kate Clegg, partner and vice president acquisition poses no immediate threat to the See ROSETTA Page 5 Groupe SA buys Rosetta for $575 million in cash. 20110620-NEWS--4-NAT-CCI-CL_-- 6/17/2011 3:17 PM Page 1

4 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM JUNE 20 - 26, 2011 Cost cuts help steady John Carroll Savings from staff salary reductions, growth in “We are very busy raising money to fund some of enrollment allow school to focus on construction the strategic priorities to make a real difference.” By TIMOTHY MAGAW ment stable and sort out the univer- [email protected] sity’s finances. They appear to have – Doreen Riley, vice president paid off as the school is expecting a for university advancement, John John Carroll University’s finances freshman class this fall of 737 stu- Carroll University took a hit when the recession struck, dents, surpassing the university’s but after slicing millions from its goal of 700. non demolition and Shula Stadium budget, school officials say the private That’s a healthy number, Mr. upgrades, according to a university university’s coffers are on the mend. Williams said, and the university spokeswoman. “What has surprised people is that isn’t pursuing additional incoming Sasaki Associates Inc., an archi- I’ve said more than once in the last few freshmen. If the number of incoming tectural firm in Watertown, Mass., months that it’s been a good year,” students grew to between 750 and completed a master plan for the John Carroll president Rev. Robert 760, the university might be faced campus in May 2008 and recom- Niehoff said. “We haven’t had to cut with capacity concerns, he said. mended John Carroll build two the budget by millions.” new, apartment-style residence John Carroll administrators say A slight facelift halls at the front of campus. Those the school over the last two years cut With strong enrollment and solid plans aren’t on the horizon, and about $4 million from what had been finances, university officials say it’s officials maintain they have plenty an $80 million budget in order to com- time to move forward on a number of room to accommodate the growth pensate for a chunk of financial aid of construction projects on John of next fall’s freshman class. for private school students that was Carroll’s campus. “We’re not going to have to build BUSINESS. reduced under Gov. Ted Strickland’s John Carroll is undertaking $7 a new hall in time for the fall or rent Commercial Banking is our business. administration. million of capital projects this summer. rooms in a hotel,” Mr. Williams said. The bulk of John Carroll’s cost Its Bohannon Science Building will Rather, John Carroll plans to go savings came from a 4% salary cut be demolished to make room for forward with renovating existing for staff and administrators, according more parking, which became a scar- residence halls, though the univer- to Rich Mausser, John’s Carroll’s vice city when the university developed its sity hasn’t nailed down a timeline president for finance and treasurer quad and installed more green space for such an effort. of the corporation. The wage reduc- between the Dolan Science Center tion program, which included 10 and the Administration Building. Eye to the future additional days off for employees, John Carroll also is renovating John Carroll is celebrating its was implemented in June 2009 and the field and track of Don Shula Sta- 125th anniversary this year, and the was lifted May 31 of this year. dium at Wasmer Field on the north- university is raising cash to finance Officials say students weren’t east side of campus. The field will its future endeavors. While the LIBERTY affected by the budget cuts, and the have new turf, and the track will be college’s fundraising efforts slowed LIBERTY burden largely fell on administra- resurfaced and rebuilt. during the recession, it has gained tors. Tuition increases were kept to a In the coming weeks, the university considerable steam over the last BANK,BANK, N.A.N.A. minimum — a 2.8% increase from plans to address University Heights two years, according to Doreen Riley, the fall of 2008 to 2009, one of the City Council and ask it to expand John Carroll’s vice president for C MEMBER lowest in the university’s history. the hours the stadium is allowed to university advancement. FDIC BEACHWOOD HQ This fall, tuition will rise about 4.8% use its lights — a move Mayor Susan For the last fiscal year, which from last year. Infeld said likely will be approved. ended May 31, the university raised 216.359.5500 Brian Williams, John Carroll’s vice Beyond the walls of the campus, more than $23.5 million in cash and president for enrollment, said such John Carroll has a history of locking pledges — a marked increase from Building our bank one quality relationship at a time. moves were necessary to keep enroll- horns with the city and its residents. fiscal 2010 totals that hovered at The landlocked university owns about $15.6 million. The two years substantial property adjacent to prior, fundraising was between campus to accommodate future $10.5 million and $11 million. growth, which some residents say In addition to the construction could hurt the surrounding com- projects, Ms. Riley said the univer- munity. sity will continue to raise money for John Carroll asked the city of scholarships, endowed professor- University Heights to approve razing ships and academic programs. five university-owned houses on “We are very busy raising money Milford Road for more athletic to fund some of the strategic priori- fields, but those plans are on hold as ties to make a real difference for Join. Save. the university focuses on the Bohan- John Carroll,” Ms. Riley said. ■ It’s that easy. Exclusively Representing Transitioning and Terminated Executives The Law Firm of David A. 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Volume 32, Number 25 Crain’s Cleveland Business (ISSN 0197-2375) is published weekly, except for com- bined issues on the fourth week of May and fifth week of May, the fourth week of June and first week of July, the third week of December and fourth week of December at 700 West St. Clair Ave., Suite 310, Cleveland, OH 44113-1230. Copyright © 2011 by Crain Communications Inc. Periodicals postage paid at Cleveland, Ohio, and at additional mailing offices. Price per copy: $2.00. POSTMASTER: Send address changes to Crain’s Cleveland Business, Circulation Department, 1155 Gratiot Avenue, Detroit, Michigan 48207-2912. 1-877- 824-9373.

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JUNE 20 - 26, 2011 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 5

National Electrical Manufacturing Association of Rosslyn, Va. The bulbs Light: TCP braces for market share increase are 75% more efficient than tradi- tional incandescent bulbs, according continued from PAGE 1 “We funded it ourselves — every- — one reason TCP is able to start and is working to increase that to information from the association. production capacity and flying thing,” he said. making CFLs in the United States. number, he said, declining to go Consumers also will be able to across the country to educate high- They’ll still be more expensive to into more detail. The company replace standard incandescents with volume bulb buyers about the law. Made in the USA make, but Mr. Yan, a Chinese lately has been funneling all of its halogen incandescents, which are “We’ve been preparing since The new manufacturing workers immigrant, said the project still profits back into the business to about 28% more efficient than their then for this moment,” he said. would make up a relatively small makes sense. The U.S. government, make sure it’s ready for when the predecessors, or light-emitting diode The new law is one reason why portion of the total headcount at which prefers to buy products law goes into effect, Mr. Yan said. bulbs. Companies just recently have TCP later this year plans to start TCP, which employs about 7,000 made in the country, is one potential “We believe we are ahead of begun selling LED bulbs designed to producing CFL bulbs at a 100,000- worldwide, including about 200 in customer, but consumers in general everybody else in preparing for replace standard incandescents. square-foot warehouse it owns behind Northeast Ohio. will pay slightly more for products EISA,” Mr. Yan said. Among them is General Electric Co., its headquarters on Campus Drive. Regardless, TCP’s plans to start a if they know they are made in the Mr. Crowcroft agreed. which developed its bulb at its Nela By Thanksgiving, the company CFL manufacturing line in the United United States, Mr. Yan said. “We believe we’re in the leadership Park campus in East Cleveland. expects to have 22 to 25 employees States represents a big change, not And there will be a whole lot more position. Not ‘a’ leadership position, LED bulbs, which can cost $20, cranking out the coil-shaped lamps, only for the company, but for the consumers as the Energy Indepen- but ‘the’ leadership position,” he said. $30 or even $40, are expected to which are both more expensive and CFL industry as a whole. Founded dence and Security Act of 2007 is eventually become a serious com- more efficient than traditional by Mr. Yan, TCP started making phased in over the next few years. Efficiency experts petitor to CFLs, which typically cost incandescent bulbs, according to Mr. CFLs in the mid-1990s, back when “This is huge in terms of light Mr. Yan would not say how big of a few dollars each. Yan and Jim Crowcroft, vice president making the bulbs required workers bulbs,” he said. a piece of the incandescent bulb The differences between the three of marketing for TCP. The company to bend the glass by hand. So the In addition to preparing to start market he expects TCP to take, nor technologies go beyond price and eventually could add more lines company made them in China, the new line, TCP has been working would he give sales figures. Mr. energy use, so each likely will take a and shifts at that facility, Mr. Yan where it has three factories. Other to increase total production capacity Crowcroft described recent sales piece of the market that belongs to said. He declined to say how much manufacturers took a similar route: at its Chinese plants, which growth at TCP as “moderate.” incandescents, Mr. Higbee said. TCP will spend on the project, but he Almost all CFLs are made overseas. decreased during the recession but Today, CFLs account for about He declined to say which technol- noted that the state of Ohio and the Since then, however, automation since then has come back up, Mr. 25% of all light bulbs sold, said ogy will win the battle. federal government rejected TCP’s technology has made it possible to Crowcroft said. The company can Joseph Higbee, director of commu- “As far as where the market will requests for incentives. make more bulbs with fewer people make about 1 million bulbs per day nications and marketing for the go, we’ll see,” he said. ■

acquisition, which is expected to worldwide, Mr. Kuenne said. He close in the second or third quarter noted how a Publicis executive Rosetta: New owner expands client base of 2011, the French company said recently helped Rosetta find some- Rosetta would help it expand its one to work with a prospective client continued from PAGE 3 Rosetta now employs more than need more tech expertise in the expertise in digital marketing. It in Dubai on short notice. about $177 million in 2009, though 1,100 people, with most of them Cleveland office, Mr. Shiner said. already owns three other digital Rosetta also aims to open between at least some of the increase can be working at offices in New Jersey, Another reason behind the need for marketing firms: Digitas, Razorfish four and eight “global hub” offices attributed to Rosetta’s September Ohio, New York and California. Mr. expansion is the growing focus on and Publicis Modern. around the world over the next few 2010 acquisition of Level Studios of Kuenne said he expects revenue to e-commerce at both Rosetta and For Rosetta, joining Publicis years. Publicis will help the company San Luis Obispo, Calif. Rosetta did hit $240 million in 2011. The com- Publicis, he said. means the New Jersey company will figure out how to do it while also not return by press time a request for pany does not expect to make any “It’s becoming a core part of their have access to the French firm’s providing some financial backing, more information about how much acquisitions this year, he added. overall strategy,” he said. global network and its expertise as Mr. Kuenne said. The first hub revenue the acquisition contributed. That growth means Rosetta will When Publicis announced the it attempts to expand its client base could open in nine to 15 months. ■ 20110620-NEWS--6-NAT-CCI-CL_-- 6/17/2011 3:29 PM Page 1

6 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM JUNE 20 - 26, 2011 Hire: Reform a factor in staffing boost

continued from PAGE 1 According to the U.S. Department 75% is the product of a corporate Similarly, local hiring by KPMG, of Labor, “notable job gains” occurred decision to strategically invest in another of the big four, began to pick in May in accounting and book- Northeast Ohio. up about a year ago and will continue keeping services, which enjoyed a That decision was rooted, in part, into 2012, said John MacIntosh, net gain of 18,000 jobs nationwide. in the net staff reduction that managing partner of the Cleveland Today, it seems virtually all firms occurred at area professional ser- office. More than 50 recent hires will are engaged in hiring, Mr. Koltin vices firms in recent years, he said. spend the lion’s share of their time in said, though today’s hiring pales “(Cleveland) is, we think, an the Cleveland area, he said, noting in comparison with the frenzy that underserved market with a very that’s significant hiring compared to occurred before 2008. large upside,” Mr. MacIntosh said. a year or two ago. While he stopped short of saying “There’s a chance for us to make And it’s not just the big four: Local that the hiring is an indication that KPMG even more relevant within CPA firms Pease & Associates Inc. in the recession is over, Mr. Koltin sees Northeast Ohio.” Cleveland and Corrigan Krause in it as a sign that the recession has Strategy is more important today Westlake have added a few CPAs this leveled off. than it was a couple years ago, when year, too, and plan to hire another Many of the firms adding to their firms could grow based simply handful this summer. local ranks attributed their hiring on the quantity of work to be done, Nationally, after three consecutive to the growth other businesses are said Gary Shamis, managing director years of declines, CPA firms “finally” experiencing. of SS&G Financial Services, which are projecting positive growth “Two years ago, companies were has had a “nice rebound” this year between 3% and 4%, said Allan D. kind of frozen,” said Mr. MacIntosh and is “definitely in hiring mode Koltin, CEO of Koltin Consulting of KPMG. “Now, companies are again.” Group, a Chicago firm that special- making decisions (and) usually The Solon-headquartered firm is izes in the accounting profession. when they make decisions of action, focusing on strengthening its advi- The industry had enjoyed enor- they need some sort of help.” sory and accounting services for mous growth and enormous hiring Others echoed that sentiment. certain niches, such as health care, between 2003 and 2007, Mr. Koltin As companies expand, they rely restaurants and public company said, but the recession year of 2008 on accountants to guide them in work, Mr. Shamis said. ushered in a dark chapter. Many different elements of growth, and “I believe that’s the way you’ve firms instituted hiring freezes and that translates into more accounting got to do it right now,” he said. made cuts. Most of the 100 largest jobs, said Greg Skoda Sr., chairman “You’ve got to be really strategic.” firms let go of anywhere from 10% to of Skoda Minotti & Co. in Mayfield The firm, which employs some as many as 20% of their accountants, Village, which grew its staff some 325 in Northeast Ohio, has hired 15 he said. 8% to 10% in the first half of 2011. full-time people. “Not huge,” Mr. “It probably was the worst blood- “There’s a lot more business Shamis acknowledged, but consid- bath of layoffs that the accounting activity than there was a year ago,” ering the industry’s flat numbers in profession has had in well over a he said, citing increases in merger the past couple years, it is positive couple decades,” Mr. Koltin said. and acquisition activity and bank growth. “The bloodbath is definitely over. financing. “We’re seeing a number SS&G had decreased its staff by Firms all over the country, Cleveland of clients’ businesses moving for- about 6% or 7% in 2008, but had and everywhere, for the first time are ward.” returned previously to those levels. doing serious hiring after a serious Mr. Skoda anticipates the same Its most recent hiring will put the drought.” amount of hiring in the second half firm at an unprecedented head- of the year. The firm’s employment count, he said. Unfrozen had remained relatively flat during So who are the lucky new hires? Accounting firm hiring really the first six months of 2009 and Seemingly all firms are hiring a began to pick up in the fourth quarter 2010, he noted. range of positions, from those that of 2010 and the first half of 2011. Reform of many types also is dri- require more than a decade of expe- ving an increased need for profes- rience to those requiring two or sional services, Mr. MacIntosh noted. three years. In fact, because many The financial services sector is grap- of those cut during the recent past pling with the requirements of were entry-level people, those recent reform, and health care who have a couple years of experi- reform will pose challenges to com- ence are in high demand, Mr. Koltin LEAN SIX SIGMA BLENDED panies for years to come, he said. said. “There’s this tremendous void of Upside in Cleveland two- to four-year people,” he said. LEARNING PROGRAMS For some firms, current growth is Those CPAs and advisers who driven by changes in strategy, too. specialize in an industry — for exam- Maximize learning with less time away from office. Mr. MacIntosh estimated that ple, international tax, renewable market growth is driving probably energy and health care — also are in 25% of KPMG’s local hiring; the other great demand, Mr. Koltin said. ■

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JUNE 20 - 26, 2011 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 7

Treasurer seeks review of fund custodians The Sky Quest Travel Experience: ◆ By ROB KOZLOWSKI Mr. Mandel’s request comes on Monday he will be meeting with his Relaxing travel with no waiting in lines, no carrier delays AIR CHARTER SERVICE ◆ Pensions & Investments the heels of an investigation by the state’s attorney general later this week AIRCRAFT MANAGEMENT A flight that departs on YOUR schedule Securities and Exchange Commis- to discuss how to proceed in recouping ◆ A private aircraft with a crew you know and trust Ohio state Treasurer Josh Mandel sion and legal actions aimed at what he called “significant” losses ◆ Substantial savings over jet card programs sent a letter last Tuesday, June 14, to State Street Corp. and Bank of New suffered because of “excessive” ◆ One-way flights available with NO repositioning fee state Attorney General Mike DeWine York Mellon, the two largest U.S. Forex trading fees levied by custo- requesting a full investigation into custodians. Attorneys general in dian Bank of New York Mellon. SAFETY ◆ SERVICE ◆ CONVENIENCE foreign currency exchange prac- more than 20 states are also inves- State Street is the global custodian tices of the custodial banks for the tigating whether to sue over alleged for the $76 billion Ohio Public state’s employee pension funds and overcharging by the banks when Employees Retirement System, the the Ohio Bureau of Workers’ Com- they traded U.S. dollars and other $65.8 billion Ohio State Teachers’ pensation. currencies. Retirement System and the $12 Mr. Mandel is “concerned that Mr. Mandel wants to know billion Ohio Police & Fire Pension the banks may have manipulated “whether these practices occurred Fund, confirmed fund representa- foreign currency trade prices in and over what time frame,” according tives and Mr. Unger. BNY Mellon Northern Ohio’s Premier Air Charter Company order to maximize the banks’ profit, at to Seth Unger, press secretary for Asset Servicing is the global custo- the expense of Ohio public servants, the treasurer’s office. dian for the $10.2 billion Ohio School businesses and taxpayers,” according Most recently, Massachusetts Employees Retirement System, 216-362-9904 www.FlySkyQuest.com [email protected] to the letter. Treasurer Steven Grossman said according to Mr. Unger. ■

Boost: Outsiders will seek piece of pie

continued from PAGE 3 abrasives and swimming pool filters. of their supply chain is going to such as Fairmount Minerals, Chart “It’s a very, very large majority of move into this area as well,” Mr. Industries Inc. and Carlisle Brake our sales now,” Ms. Deckard said. Samuel said. “Particularly in North- and Friction, which sell materials “Ten years ago, it was probably 30% east Ohio and the Mahoning Valley, and products used in the extraction of our sales, then 50% — now, it’s a and even parts of Appalachia — it’s and processing of natural gas and good majority of our sales. And it’s an opportunity for the great revival its byproducts. still accelerating.” of some big industries.” “By many accounts, you’re looking Also accelerating is the number of For those companies that have at the largest shale gas play in the jobs created by mining, processing not seen any increased business world,” Mr. Samuel said. and delivering that sand. from natural gas drilling, it’s not too The play revolves around the “At Fairmount alone we’ve added late, said Walter Good, vice presi- Marcellus and Utica shale deposits several hundred jobs (over the last dent of economic development for beneath eastern Ohio, much of five years), and most of that is related the Youngstown/Warren Regional Pennsylvania and a few other to natural gas,” Ms. Deckard said. Chamber. contiguous states. The rock is full of “We’re still in the early days of gas that, until a few years ago, was Equipped to capitalize this. No one’s missed it yet,” Mr. largely inaccessible. But drillers Natural gas production also is Good promised. have found that by drilling down, driving up revenues at Chart Indus- “We see this as a transformational then horizontally through the shale tries in Garfield Heights, which opportunity, not only for direct job deposits, they can get at least some makes heat exchanges and other creation and investment, but to of that gas by breaking up the shale equipment used to compress indus- reposition Northeast Ohio as a pro- through a process called “fracturing.” trial gases as well as natural gas. ducer of products for this industry,” What they’re finding is no small Chart is involved in the natural he said. ■ amount of fuel. It’s estimated that gas industry worldwide, not just in between two and 50 times the the big shale deposit here, but the amount of natural gas that the United potential of more work in this States uses in a year will come from region was one reason the company the region’s shale. And those esti- recently revised its revenue esti- COMMERCIAL LINES OF CREDIT t
TERM LOANS t
COMMERCIAL REAL ESTATE t
CASH MANAGEMENT mates keep rising as drilling tech- mates for 2011 upward, to about nologies improve, geologists and $750 million from $710 million. industry proponents say. “It’s is a driver, absolutely, partic- Discover the benefits of working with It’s a multibillion-dollar business, ularly as (the industry) is evolving — and those already serving it say it is our equipment is used in a high Greater Cleveland’s Community Bank proving it can have vast positive percentage of natural gas processing effects for local industry. plants,” Chart CEO Sam Thomas for all your Business Banking needs Sales mount at Fairmount said. In Solon, Carlisle Brake and “I honestly believe that the impli- Friction, formerly known as Hawk cations of it are just so significant — Corp., makes friction materials used I think people aren’t even realizing in brakes and clutches. It, too, is t True Local it yet,” said Jenniffer Deckard, pres- seeing sales fueled by natural gas ident of Chardon-based Fairmount exploration, said CEO Chris Koch. Decision Making Minerals. “It creates a lot of jobs. It’s Trucks used in drilling and explo- such a win-win for our country, it’s ration operations have clutches, as almost like it can’t even be real.” do the machines that turn the drills t Great Product Fairmount is a big player on the themselves — and they all need natural gas scene, because it mines friction materials to work, Mr. Koch and processes special sands used said. Carlisle says it is the preferred Selection by drillers. It even coats individual supplier of friction materials to grains of sand with special resins to three of the top four transmission Great Rates, provide drillers with a better tool to makers serving the oil and gas t get more gas out of the ground, Ms. industry. Customers are building Deckard said. 50% more transmissions than they Low Costs In fracturing, cracks through did in 2010 and four times the number which the gas can escape are created they were building in 2009, according in the shale beds with water pres- to the company. sure and explosive charges. Sand is For details call pumped into the well along with Still time to jump aboard water so that the grains of sand Folks such as Mr. Samuels, the can get into those cracks and hold consultant, say those are just a few (216) 529-2734 them open, allowing more gas to be of the first companies to benefit extracted. from natural gas exploration — and Sales of specialty sand to the nat- he predicts more will follow. Mr. ural gas industry have become Fair- Samuels said he expects to see mount’s largest source of revenue companies from outside the region and still are growing faster than any move operations here from places other part of its business, which such as Houston. includes providing sand for uses in “As the drilling and other related such diverse products as industrial industries move into this area, a lot 20110620-NEWS--8-NAT-CCI-CL_-- 6/16/2011 3:58 PM Page 1

8 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM JUNE 20 - 26, 2011

PUBLISHER/EDITORIAL DIRECTOR: Brian D.Tucker ([email protected]) EDITOR: Mark Dodosh ([email protected]) MANAGING EDITOR: Scott Suttell ([email protected]) OPINION Join together onsensus is hard to come by in the political arena these days, but on this point there should be no debate: Moving a company from one Northeast Ohio community to Canother does not qualify as economic development. Cuyahoga County Executive Ed FitzGerald and members of his administration are well aware of that. To their credit so early in their tenure, they’re trying to do something about it with what Mr. FitzGerald describes as an “anti-poaching” agree- FROM THE PUBLISHER ment. It calls on Cuyahoga County communities to agree not to solicit businesses in other county communities by offering financial incentives to move their operations. For pols, a step forward and two back Such an agreement isn’t a cure-all, as county government cannot (and should not) prevent a hy can’t politicians stop at sion aimed at keeping new college grad- $40 million a year if such a proposal were company from moving from one city to another as it significant change? uates inside the Buckeye State. made law. Multiply that by the thousands Republicans in the General Good idea, right? of out-of-state students that populate seeks a business advantage. But minimizing the Assembly may be asking them- Not so fast. our public universities across Ohio and competition among Cuyahoga County communities selvesW that very question if a statewide Under his proposal, out-of-state you get a sense of how this plan further for existing businesses is both good public policy for referendum undoes the reforms put in students at Ohio’s public universities damages our system of higher education. taxpayers and a reinforcement of the notion that place by the passage earlier this year of would get a break from paying the out- The state universities prefer an Ohio Northeast Ohio’s economy will be stronger when its Senate Bill 5. Rather than simply reform of-state surcharge that’s levied on top of House proposal that would offer a tax cities work together, not against each other. the ways in which public em- the basic tuition package if they credit to out-of-state students who grad- Mr. FitzGerald isn’t just relying on the kindness of ployees’ unions have saddled BRIAN stayed here the entire five years. uate and stay here to begin their careers. county neighbors to make his anti-poaching plan Ohio with costs it cannot afford, TUCKER Trying to keep young talent That idea also has the support of Ohio work. He wants to tie participation in the agreement the newly dominant GOP here is a good idea, but the Board of Regents Chancellor Jim Petro. decided to try and strip away senator added a spin that’s Stay tuned. to access to a $100 million economic development the underpinnings of collective untenable to the universities. **** fund the county expects to create by the end of this bargaining. If the out-of-state student SPEAKING OF OUR STATE UNIVER- year. In essence, communities that want to tap into Early opinion polls show who gets the credit moves out SITIES, Kent State has released a study that fund would have to declare themselves on most Ohioans, despite general of Ohio before the five-year that has come up with 240 ways for local board with a broader, more cooperative vision of support for reform, think the period is completed, he or she governments to share services and save economic development in Cuyahoga County. That’s pols went too far. Don’t be would repay the tuition surcharge money. more than a reasonable use of political hardball. surprised if voters overturn it — to the state rather than the KSU’S Center for Public Administra- The plan emerging in Cuyahoga County has other assuming the opponents get enough university. Great, so the state keeps tion and Public Policy teamed with the smart components. One of those is a provision that valid signatures to get it on the ballot. cutting and cutting what it invests in the Fund for Our Economic Future to do the a community that receives an inquiry from a com- Now comes a Republican state senator “state-supported” universities — in this study, which has never been more needed from Celina, Tim Faber, who starts with budget by an estimated 15% — then than in these days since the onslaught of pany about a possible relocation notify the company’s an interesting idea, then mucks it up in does this as well? the Great Recession. current community about the plan. Another much the same way. The (Cincinnati) Enquirer reported on Now if we can just get the self interests involves the creation of a program that would offer Sen. Faber inserted into his chamber’s its website that the University of Cincin- of office holders out of the way in favor information to companies on possible sites and version of the new state budget a provi- nati estimated it could lose as much as of the interests of our citizens. ■ sources of public financing across the county. In Summit County, an anti-poaching agreement has been in place for a couple years and has the THE BIG ISSUE participation of about two-thirds of the county’s communities. Jason Dodson, chief of staff to Summit If resigned U.S. Rep. Anthony Weiner, or any public official who had sent out revealing personal photos and then County Executive Steven Pry, told Crain’s reporter lied about it, were to run again for public office, would you vote for him or her? Jay Miller that the agreement has been used explicitly a few times and, he believes, has served as a deterrent to stop intra-county movement. The Summit County initiative differs in one major respect from what Mr. FitzGerald is proposing, in that it has a tax-sharing component. A Summit County community that gains a business agrees to share the income tax revenue it gains with the community that is losing the company. Mr. FitzGerald recognizes that the often-fractious MARK NUSS SEWELL ROBINSON DONNA CONRY DAVE VOYTEK Cuyahoga County isn’t there yet and that it would be difficult or impossible to get communities to Chesterland Cleveland Heights Shaker Heights Cleveland support an agreement that includes tax-sharing. What he does in his personal I would absolutely not vote for No. I think it shows bad Honestly, maybe. I don’t really Cuyahoga County may get there in time, but the life is his personal life and I him (because he lied). Every- judgment. I can’t believe that care what he was doing in have also no problem in any- body has their secrets. People he didn’t think he would get private. I look at the issues, anti-poaching agreement as outlined is a good start body participating in whatever are people. caught. It’s just a lack of the political issues at hand, toward creating a more productive economic they want, but when they are a judgment and so I have to and if he seemed to support development climate. We urge all communities — public official they should be question his judgment on other my side, I guess, yeah, I would even those rich in land that usually emerge as win- held to a higher standard. things. (vote for him). ners in company relocations — to support this plan. ➤➤ Watch more of these responses by visiting the Multimedia section at www.CrainsCleveland.com. 20110620-NEWS--9-NAT-CCI-CL_-- 6/16/2011 3:00 PM Page 1

JUNE 20 - 26, 2011 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 9 New Huron Order: Dean plans to better market programs health site continued from PAGE 3 and donors had criticized Mr. an associate dean of experiential that emerged between Mr. Simson he would be “permitted to do my Simson for his priorities. education and aims to expand the and a number of alumni, some of job for a long time.” Indeed, every candidate for the program, perhaps into Brazil, Vietnam whom told Crain’s in 2007 that they no match for On June 1, he became the first deanship questioned the recent and Eastern Europe. no longer would give to or teach at non-interim dean of the school leadership changes at both the law “I wish when I had been in law the school. since November 2008, and, absent school and the university, which school, I had the opportunity to do Some criticized Mr. Simson’s trauma care unforeseen circumstances, he expects hired a new president in 2007, said something like this,” said Mr. plan to create a Center for Social to stay for seven to 10 years. His Jessica Wilen Berg, a Case Western Mitchell, a 1981 graduate of Columbia Justice as too age-old an issue — ■ I understand that the Cleveland salary was not disclosed. Reserve law professor who has par- University School of Law. something several law professors Clinic, as well as many other health “This law school has had some ticipated in two dean searches since But too few people realize it is later penned support for in letters to care providers today, faces daunting leadership problems in the past,” fall 2005, including the most recent an opportunity at Case Western’s the editor. Other critics felt he wasn’t challenges, including those outlined said Mr. Mitchell, 54, who most and the one that culminated in Mr. law school, Mr. Mitchell said. And making enough of an effort to reach by the Clinic as its justification for recently was a professor of business Simson’s hiring. therein lies another of his goals: out to donors. closing Huron Hospital — a difficult law at George Washington Univer- The law school experienced an Getting the word out. Plans include “My message to (alumni) will economy, a declining population sity Law School in Washington, D.C. “unquestionably unstable” period a new promotional brochure for be: ‘You have a great law school, and a shift toward outpatient care. “Because of that, it hasn’t met its of time, Ms. Berg said. the school’s experiential education and it will be even greater,’” Mr. I also under- full potential.” Robert Rawson Jr., a partner at program and a revamped website, Mitchell said. “But I also need your stand the deeply And that, it seems, made Case the global law firm Jones Day who which Mr. Mitchell wants opera- help.” LETTER held concerns of Western all the more attractive to became interim dean in December tional by Sept. 1. Roe Green, a philanthropist who people who rely him. 2008, agreed to remain in that post “While our home is Cleveland, is the honorary chair for a coming on Huron Hospi- “What I wanted was a law school long enough to allow for a longer our reach is global,” he said. “That’s university capital campaign, pub- tal. These are mostly individuals with where I could create better oppor- dean search. He’s been interim dean something I want to make everyone licly had voiced her disappointment the least ability to use other medical tunities for everybody else,” Mr. since then and will stay through aware of. in Mr. Simson’s priorities, which facilities for their inpatient and trauma Mitchell said. June to assist Mr. Mitchell in the “My ambition at the end of my she felt weren’t forward-thinking. care. They are not a “crowd to be transition. deanship is to be nipping at the She said she believes graduating played to” as Crain’s June 13 editor- Finally ready to lead “People were anxious that we get heels of the top 30 law schools,” he students with specializations such ial, “It’s time,” suggests. They are the A native of Brooklyn, N.Y., Mr. to the point that we have a dean added. “I’m in this for the long as terrorism and computer law is people I represent, and many are Mitchell practiced corporate law for who would be here for a period of term. I will be here until the job is paramount. worried about where they will receive six years before entering academia time,” said Mr. Rawson, who plans done.” “I feel that this school should emergency and inpatient care. I take in 1987. He estimates he’s been to return full time to the practice of Case Western tied with five other become one of the best in three their concerns seriously. courted for deanships for the past law. schools at No. 61 in the most recent areas,” she said. “This is where you It’s unfortunate that the Crain’s 15 years, but each time, got cold feet U.S. News and World Report law put yourself on the map.” editorial left out the rest of my state- and decided he wasn’t ready as a Embracing the world school rankings. Ms. Green, who met Mr. Mitchell ment issued on the day the Huron scholar, or as a person. Mr. Mitchell stood out because at a recent dinner, described him as closing was announced. I acknowl- This year was different, in part he has an “incredible sense of enthu- Alums will be courted “sharp.” edged the benefit of the Community because he’d led the creation in siasm,” Ms. Berg said. She hopes it In this, his first administrator “The school means a great deal to Health Center under construction 2009 of a global think tank at George will be contagious. role, Mr. Mitchell is focused also on me,” said Ms. Green, whose family and will repeat it here: “Quality care Washington’s law school that under “We’ve clearly turned a corner improving philanthropic support. has donated more than $3 million must be accessible care. While the his direction became an institutional there,” she said. “I think we should To that end, he’s planning a national to the school, where her father, Ben opening of the Cleveland Clinic force. be feeling very positive about where tour to meet alumni in major cities C. Green, received his law degree. “I Huron Community Health Center in “It was only through that experi- we are, not because things were so this year and in 2012. want a dean who will make it October is important for meeting the ence that I could know that I was horrible, but because it’s time for us Mr. Mitchell acknowledged his successful, and I think this guy can needs of residents, it should not be ready to take on a far more signifi- to move ahead in new directions.” tour is driven, in part, by the schism do it, but only time will tell.” ■ viewed as a replacement for emer- cant leadership role,” he said. Mr. Mitchell intends to continue gency and inpatient medical care.” Mr. Mitchell said he knew Case building the law school’s experiential Most people don’t choose to go to Western Reserve’s law school had program, which, in part, allows a doctor’s office if they’ve just broken “hit a few rough patches.” Friends students to study abroad for a a leg, been shot or faced a severe asthma had emailed him links to news semester or the summer. attack. They want to go to the nearest stories that detailed how alumni Mr. Mitchell said he will appoint hospital. The people of Cleveland Mission Blogosphere! and East Cleveland are no different. Did the editorial staff review statistics GET DAILY NEWS ALERTS FROM CRAIN’S! of where the majority of penetrating trauma cases (such as knife or gunshot wounds) originate? You may find the Register for free e-mail alerts and Crain’s-produced news and blog highest rate in the state of Ohio in receive: items from the day the ZIP codes near Huron Hospital. ■ The Morning Roundup: A col- ■ Small Business Report: A I would welcome serious discussion lection of the day’s business news weekly guide to small business of expanding trauma care close to the from Ohio’s daily papers news area now served by Huron Hospital, ■ Breaking news alerts: When whether that’s in East Cleveland, at the major news happens, you’ll know SIGN UP NOW AT: main campus of the Clinic or any other ■ Daily headlines: A collection of CrainsCleveland.com/register medical institution in the vicinity. For emergency medical responders in Cleveland and East Cleveland, the distance of Hillcrest Hospital (the There are millions of blogs, but our blog Clinic’s preferred level II Trauma Center) from their borders poses a 4740 MANUFACTURING AVE. for employers is one of a kind. tremendous burden in terms of lost response time as well as greater CLEVELAND, OHIO Our labor and employment authors are on financial cost. I’m sure city leaders a mission to “blog” with insight care as much for the well-being of $9$,/$%/()256$/( their patients as the Clinic does for on legal issues that matter most to employers. theirs. It’s a legitimate concern. When the Clinic first announced Visit: www.employerlegaladvocate.com plans to end level II trauma services at Huron, I sought more facts to assess the impact on the entire com- ® munity. I called for a postponement Attorneys on a Mission of implementation while that impact Your mission is our mission. We never lose sight of it. was studied. There was no rush to judgment on my part. I will continue to seek more information about the change in plans to close Huron alto- ‡ $& ‡ 6)2I¿FH ‡ 'ULYH,Q'RRUV gether and I encourage the Clinic to ® fully engage the community. Until ‡ 7RWDO6) ‡ %XLOWLQ ‡ 7UXFN'RFNV A business advisory and advocacy law firm ‡ 6):DUHKRXVH ‡ 8SWR¶&HLOLQJ+W ‡ /%/HYHOHUV then, I will continue to listen to my 600 Superior Avenue, East, Suite 2100, Cleveland, OH 44114 constituents, and yes, speak out when 216.348.5400 Brian J. Lenahan, JD, SIOR they lose a critical component of Carl J. Grassi Shawn M. Riley | EULDQOHQDKDQ#RPFOHFRP health care. President Cleveland Managing Member 6XSHULRU$YHQXH6XLWH Marcia L. Fudge &OHYHODQG2KLR Chicago • Cleveland • Columbus • Detroit • Miami • West Palm Beach 0DLQ_ZZZRPFOHFRP U.S. Representative Global commercial real estate expertise 11th District of Ohio www.mcdonaldhopkins.com 20110620-NEWS--10-NAT-CCI-CL_-- 6/16/2011 3:53 PM Page 1

10 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM JUNE 20 - 26, 2011 SALT • SALT • SALT Crane maker hits new heights • Water Softener tied to capital investments made in • Industrial • Ice Melt EMH grows with material handling industry manufacturing in the United States, • Food where the company does about 90% Call For Pricing!! By DAN SHINGLER gantry cranes, not the kind that of its business. Minimum Delivery: [email protected] tower over cities and build sky- “The business we’re in is very much 1Pallet scrapers, but the kind that span and tied to the business cycle,” he said. Things are looking up, and going crawl across the ceilings of many Business started picking up for the up, at Valley City-based EMH Inc. — manufacturing plants. They lift company late in 2010 and has accel- 1-800-547-1538 also known as Engineered Material anything from small items to coils of erated this year, Mr. Kozel said. The Salt Distributors Since 1966 Handling. steel, large molded plastic products company and its industry are hoping The 50-person company special- and concrete castings — and can the trend sticks. izes in making cranes for industry and handle between 35 pounds and 500 “The predictions for the material is doubling in size with a 60,000- tons, depending on size. handling industry are positive square foot addition that should be EMH has gotten several large through 2013,” Mr. Kozel said. up and running this fall. EMH says projects this year that have helped There are signs that others are it’s seeing a strong increase in spur the need for the expansion, Mr. growing as well. In Solon, Demag demand for its product from manu- Kozel said, noting that the new Cranes and Components also is facturers. In fact, its sales have not facility will better enable the com- growing. A company representative only completely recovered to their pany to construct larger cranes. The could not be reached, but Demag pre-recession highs, but are on pace company recently received orders has introduced new modular crane to far surpass them. from Texas-based oilfield and power products this year and the company’s “We’re already pretty close to distribution equipment-maker Lufkin website was soliciting job applicants having our best year ever,” manager Industries, for plants it is building in for positions in its design, produc- of marketing communication Darryl the United States and Romania, as tion and sales functions. Kozel said, noting that the year was well as for a Mitsubishi plant in For EMH, this is the second expan- not even yet half over. The private South Carolina, Mr. Kozel said. sion in five years. The company company does not disclose its actual When EMH is busy, that’s a posi- increased its footprint from 40,000 sales figures. tive sign for the economy generally, square feet to 60,000 square feet in EMH makes overhead bridge and since its business is almost wholly 2006, also at its present facility. ■ GOING PLACES JOB CHANGES VICTORY WHITE METAL CO.: Peter Carroll to vice president, CONSTRUCTION sales and marketing. FORTNEY & WEYGANDT INC.: Joe MARKETING Stinolis to project manager; Gerald Gentz to business development KNOTICE: Michael D’Arguma to Stinolis Gentz Harper manager. content specialist; Bridget Liszewski to QA analyst; Scott White to account EDUCATION executive; Kelly Weissfeld to mar- keting coordinator; Jaclyn Jimison CASE WESTERN RESERVE UNIVER- to accounting operations specialist. SITY: Mary E. Kerr to dean, Frances OPTIEM LLC: Craig Kistler to Payne Bolton School of Nursing. director of user experience; Shannon Oddi to senior account executive. DOES OUR WORK FINANCE Ulrich Vargo Nye FIFTH THIRD BANK, NORTHEASTERN NONPROFIT OHIO: Lorraine Harper to vice BEECH BROOK: Nancy Peppler to MEAN MORE president, public funds relationship vice president, external relations. manager; Judith Ulrich to vice president, commercial banking rela- CLEVELAND MUSEUM OF ART: OPPORTUNITY tionship manager. Barbara Tannenbaum to curator of photography. U.S. BANK: Alan Zang to Northeast FOR YOUR Ohio market president; Kurt Treu to EMERALD DEVELOPMENT AND executive vice president, Enterprise ECONOMIC NETWORK INC.: Revenue Office. Elaine Gimmel to chief operating Albanese Sitzwohl Kistler officer; Irene Collins to chief finan- BUSINESS? cial officer; Michelle English to FINANCIAL SERVICE controller. MIDWEST INVESTMENT MANAGE- UNITED STATES GREEN BUILDING FORMERLY MENT LLC: Keith A. Vargo and KNOWN AS THE COUNCIL, NORTHEAST OHIO SMALL Susan S. Nye to managing directors. CHAPTER: Michele Kilroy to BUSINESS SCHLABIG & ASSOCIATES LTD.: executive director. ENTERPRISE Jason White to senior accountant. PROGRAM SS&G HEALTHCARE SERVICES LLC: REAL ESTATE Oddi Mancuso Brooks Caroline Urgo-Licursi to billing TRANSACTION REALTY: Augusta specialist. Chauhan to sales associate. SS&G WEALTH MANAGEMENT LLC: Catherine Roscoe-Herbert to Teresa Loll to associate. SERVICE secretary. WELLS FARGO ADVISORS: Frank DIRECT RECRUITERS INC.: Gina Albanese to managing director, market Mancuso to director of life sciences/ AWARDS manager, Northeast Ohio market. lab equipment. RESERVES NETWORK: David AMERICAN SOCIETY OF HEALTH- INSURANCE Brooks to director of recruitment, CARE PUBLICATION EDITORS: Professional Search Group. Morgan Lewis Jr. (Medical Economics) BRITTON-GALLAGHER & ASSOCI- received a 2011 Gold Award for Best ATES: Jeremy Moor to private Profile and a 2011 Gold Award for If your company is a small construction or engineering firm or client services manager. BOARDS Best Feature Article. a provider of goods and services, we invite you to apply for our MICHAEL L. DAVIS INSURANCE ATHENA INTERNATIONAL: Julia Business Opportunity Program. CLEVELAND ZOOLOGICAL SOCIETY: AGENCY: Laura Davis to director Hall (Brockman, Coats, Gedelian & of sales and marketing. Robert J. Rogers (Findley Davies Visit neorsd.org/opportunity to register! Inc.) to chair; Virginia Benjamin to Co.) and Annemarie M. Grassi president; Michael A. Cogan to vice (Open Doors Academy) received 2011 LEGAL Young Professional Leadership Awards. Opening doors for Northeast Ohio minority-owned, president; Eric Hall to treasurer; CALFEE, HALTER & GRISWOLD Justin C. Horton to secretary. OHIO ACADEMY OF SCIENCE: women-owned, and small businesses. LLP: Steven W. Day to associate. EMERALD DEVELOPMENT AND George Newkome appointed an ECONOMIC NETWORK INC.: honorary fellow. MANUFACTURING Margaret Slifcak to president; facebook.com/yoursewerdistrict SWAGELOK CO.: Robert Sitzwohl Jessica Gonzalez to vice president; Send information for Going Places to to director, valve services group. Dr. Elise Jancura to treasurer; Dr. [email protected]. 20110620-NEWS--11-NAT-CCI-CL_-- 6/16/2011 4:11 PM Page 1

JUNE 20 - 26, 2011 CRAIN’S CLEVELAND BUSINESS 11

INSIDE

14 LOCAL SCHOOLS RAMP UP WOMEN’S LEADERSHIP EDUCATION PROGRAMS. PREPANDPAROCHIAL ALUMNI TIES STAY STRONG Schools say close relationships with former students key part of mission

By JOEL HAMMOND [email protected]

ynnette Jackson since 1997 has held influential roles in Cleveland’s public and private sectors, first at URS Corp., then in Mayor Jane LCampbell’s office and now at Key Private Bank. And she says her INSIDE: Alumni donations foster schools’ ability to modernize their education at all-girls campuses. Page 12 Laurel School in Shaker Heights played a key role in her rise up the ladder, and it is the main reason she remains intimately connected to Laurel today. Alumni directors and advancement teams at prep and parochial schools across the Cleveland area say those types of connec- tions are vital to their missions, with current students learning from alumni about careers and college life and often benefiting from former students’ donations. Ms. Jackson, who previously served on Laurel’s alumni board, didn’t flinch when asked in 2009 to become the president of the school’s alumnae association. She also serves on the board of Cleveland Bridge Builders, a leadership training course of which she was

JANET CENTURY a member of the inaugural class, in 2000. Lynnette Jackson, relationship manager and vice president at Key Private Bank, attributes her professional success in See ALUMNI Page 13 part to her alma mater, Laurel School, to which she still is closely affiliated.

FAST FACTS admitted after six years of grammar Qualifying Tournament played at Oak- Services Group Inc. (1971); Sean Hen- and 49 with master’s degrees. In addi- school, receiving a bachelor’s degree mont Country Club in Glendale, Calif. nessy, CFO, Sherwin Williams (1975); tion, two faculty members have ■ The mascot for Holy Name High after six years. In 1902, high school Andrew shot a 72 in round one and a and chef Michael Symon (1987). earned their J.D. degrees. School in Parma Heights is the Green and college departments were estab- 76 in round two for a total of 148. His ■ Shaker Heights’ Laurel School ■ Andrews Osborne Academy in Wave. The Green Wave can be traced lished, and the high school program total score included five birdies. The — originally called Laurel Institute — Willoughby does not horse around back to the 1920s when it was first was changed to four years. In 1923, top five qualifying scores ranged derives its names from the ancient when it comes to equestrian sports. In used to describe the coordination of the college department changed its between 137 and 139. Andrew was Greek symbol of a wreath of laurel fact, the school’s efforts led to the the school’s football team, which, name to John Carroll University, one of the youngest participants in leaves, which signifies intellectual creation of the Interscholastic Eques- according to the school’s website, eventually moving to University this particular qualifier. achievement. trian Association, which is the only “gave the appearance of a giant wave Heights. ■ Among the notable alumni of St. ■ University School boasts an high school equestrian organization engulfing its opponents.” ■ Gilmour Academy student Edward High School in Lakewood average class size of 14 students. that is an affiliate of the Intercollegiate ■ Cleveland’s St. Ignatius High Andrew Bieber finished tied for 43rd are Phil Donahue, former TV talk show According to the school’s 2010-2011 Horse Show Association. School originally was known as St. place out of 94 participants this host (1953); Paul Clark, regional pres- profile, the US Upper School faculty SOURCE: ALL INFORMATION IS FROM INDIVIDUAL Ignatius College, and students were month in the U.S. Open Sectional ident, Northern Ohio, PNC Financial totals 71, including eight with Ph.D.s SCHOOL WEBSITES. 20110620-NEWS--12-NAT-CCI-CL_-- 6/16/2011 2:34 PM Page 1

12 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM JUNE 20 - 26, 2011 EDUCATION Alumni donations contribute to campus modernization

By JOEL HAMMOND away Brown in Shaker Heights. [email protected] Mr. Bridge said all but a couple million dollars of University bout 13 months ago, the School’s final total came from all-boys University School alumni, though he said parents in Hunting Valley sat at $10 typically have been generous, too. million in its drive to fund The alumni total includes $2 million aA 50,000-square-foot academic wing. from alumnus Richard Matson and

And by the groundbreaking last his wife, Cornelia; a $4.26 million PHOTO PROVIDED month, the $27.5 million project, bequest from alumnus James University School in Hunting Valley broke ground last month on a $27.5 million, 50,000-square-foot academic wing. which includes the latest technology Williamson; and $2 million from and will qualify for a silver rating in alumnus Richard Horvitz. alumni, which is different than its Most recently at HB, Barb and new construction made possible the U.S. Green Building Council’s Additionally, the school’s class peers in New York City, California Mal Mixon led the way on a new by alumni donations have helped Leadership in Energy and Environ- of 1971 collectively raised $10.2 and elsewhere, said Clarke Leslie, playground, and in 2009 the drive enrollment, said Mary Kate mental Design program, was fully million, and an anonymous donor HB’s associate head of school for daughters of local philanthropist Farrar Vega, the school’s director funded. — aiming to see the project fully advancement. In those places, and Transtar Industries founder of annual fund and constituent “Our alumni support their high paid for by its groundbreaking — parents contribute a far greater per- Monte Ahuja donated a combined relations. That includes a new school the way others support offered the last $1 million if the centage of overall funds, she said. $1 million to restore the school’s natatorium and ice arena at the their college alma mater,” said Jon school could otherwise have the Data from the National Associa- auditorium and for theater arts school’s Gates Mills campus, a Bridge, the director of advance- project funded. The total construc- tion of Independent Schools back upgrades. Prior to that, during project for which the school raised ment at US. tion cost was $17 million, while $5 up that claim, as the Washington, HB’s most recent major capital about $15 million. Alumni play a significant role in million went to soft costs (archi- D.C.-based nonprofit reports that in campaign, alumna Carol Butler The facility includes two National keeping campuses at prep and tectural fees and the like) and the 2009-2010 school year, the latest and her husband, John, donated Hockey League-sized skating rinks, parochial schools across the area another $5 million went to estab- available, parents contributed 37.3% $4.5 million for the school’s highly seven locker rooms and more. updated, from a new Hawken lishing an endowment. of the amount raised through regarded aquatics center. “Alums and parents have been School site in University Circle to Hathaway Brown, an all-girls annual giving, with alumni con- Hawken School in August instrumental in those efforts,” Ms. an auditorium restoration and the- school in Shaker Heights, gets about tributing 23.2%; the group counts opened its new University Circle Farrar Vega said. “Enrollment is ater arts facilities upgrade at Hath- 70% to 75% of its donations from alumni parents in the latter group. campus and the Sally and Bob Gries helped by these new facilities.” Center for Experiential and Service Henry Meyer, the former CEO of Learning, named after the long- KeyBank and a 1968 graduate of time Cleveland philanthropists. University School, said at the They led the way on the $6.5 million groundbreaking of the school’s project, $2.8 million of which went academic wing that the institution’s toward the building purchase and ability to raise funds even as the renovation in University Circle. economy stagnates is easy to figure. Kathleen Guzzi, Hawken’s direc- “I am often asked, ‘How is Congrats Hawken Class of 2011. tor of development, said affinity for University School able to take on coaches and teachers has fueled this kind of project under these other donations for capital projects, kinds of circumstances?,’” said Mr. such as the school’s pool and athlet- Meyer, now the school’s chair of ic fields. the leadership gifts committee. “It “The passion (alumnae) talk is because lives are changed here. about is unmatched,” said Laura Alumnus after alumnus recalls a Lewis Kovac, the school’s director moment in his life when a faculty of communications. “The place is member was present at just the beloved to them; every graduate is right time. It is a result of a faculty appreciative of that connection.” dedicated to understanding how boys learn and grow. It is because Drives student enrollment alumni see this school as a launch- At Gilmour Academy, updates and ing pad for a fulfilled life.” ■

We knew you’d go far. No school can promise admission to any given college or university, but Hawken does promise to advantage students in the process and to help find the right college match. Hawken students are more than twice as likely to get into a top national college or university and more than 35% of the Class of 2011 received merit scholarships. The proof is in the numbers. Get Ready. | HAWKEN.EDU

COED PRESCHOOL – GRADE 12 Preschool to Grade 8 Grades 9–12 Lyndhurst Campus | 440.423.2950 Gates Mills Campus | 440.423.2955 20110620-NEWS--13-NAT-CCI-CL_-- 6/17/2011 4:31 PM Page 1

JUNE 20 - 26, 2011 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 13 EDUCATION Alumni: Outreach also influences students HONOR A CFO Nominations are open until Aug. 12 for Crain’s annual CFO of the continued from PAGE 11 networking functions at their alumni hold US in higher regard Hawken students. Additionally, Year program, which honors top In her stint as alumnae associa- places of business. than their college, according to the school sponsors a TGIF event financial officers in Northeast Ohio tion president, she has imple- “Gilmour had a very profound director of advancement Jon Bridge. the Friday after Thanksgiving, for their outstanding fiscal leader- mented a series of events focusing impact on my life,” Mr. Ondak said That sentiment results in what Mr. when many are home from ship and asset management. on women’s health; last year was a of the co-ed school in Gates Mills. Bridge called a “disproportionate college. Awards will be presented in wellness event, featuring alumnae In addition to those programs, amount of support” from alumni, According to Eleanor Anderson, the following 10 categories, with specializing in yoga, OB/GYN and Gilmour three years ago launched though he was quick to note Hawken’s director of alumni three to five finalists selected from more. She also helped plan the a career workshop program for parents also share the load. relations and events, it also offers each: school’s first Sarah Lyman Day of sophomores, said Mary Kate Farrar Those types of lasting connec- every other year a career round- ■ Large, Medium and Small Community Service, where alum- Vega, the school’s director of tions with alumni are what any table for sophomores and juniors, Public Company nae are encouraged to volunteer. annual fund and constituent rela- private school is looking for, said when about 25 graduates or (The event is named for Laurel’s tions. Alums representing different Julie Donahue, Laurel’s director of parents speak to the student body; ■ Large, Medium and Small early — 1904-1930 — headmistress.) fields speak to the school’s 10th- alumnae and communications. former Browns coach Eric Mangini, Private Company “The curriculum was rigorous; graders. For the graduates, it’s “We realize how important it is a Hawken parent, participated ■ Large, Medium and Small community service was very a chance “to see how Gilmour is for them to feel connected to while he led the team. Nonprofit Organization important,” said Ms. Jackson, a today,” she said. school in a very meaningful way,” “All of these events keep our ■ Lifetime Achievement Award relationship manager and vice Mr. Meyer, meanwhile, graduated she said. alumni engaged and benefit our president at Key whose sister also in 1968 from University School in current students,” Ms. Anderson The category sizes will be deter- is an alumna. “My Laurel educa- Hunting Valley and formerly was Technology helps said. mined based on the nominees’ tion put the foundation of success the president of the school’s E-newsletters, biannual maga- At all-girls school Hathaway 2010 revenues. in my mind.” board. Now, he is the chair of the zines, social media and password- Brown, also in Shaker Heights, The Lifetime Achievement Award leadership gifts committee; US in protected school intranets — often alumni relations director Dana recognizes a current or former Same goes elsewhere May held a groundbreaking cere- including a directory of any living Capers — herself an alumna — said senior financial executive who That sentiment also rings true mony for a $27.5 million academic alumni who provide their infor- live streams of alumni speakers honorably represents their company/ for Rob Ondak and Henry Meyer. facility that was funded fully in mation, a sort of nationwide talking to students have been organization by exemplifying Mr. Ondak, a 1991 Gilmour Academy advance. The recently retired CEO Rolodex — are standard tools used popular, as has news for the performance, leadership, integrity, graduate and now a partner in of KeyBank said his three sons also in keeping alumni informed, and school’s alumni magazine com- strategy and growth throughout commercial real estate at Cleve- attended US, and they, too, networking and mentoring piled by alumni acting as “class their career while bettering the land law firm Benesch, became remain involved. opportunities abound. correspondents.” finance profession overall. the president of the school’s alum- “I guess by some measures, I’ve Mr. Bridge said a challenge HB also asks recent graduates to All finalists will be profiled in the ni association in September. been successful, and I got a lot of many prep schools find is remaining speak to current students, and it Oct. 17 issue of Crain’s. Winners Mr. Ondak said the association those building blocks, that foun- in contact with young alumni, and even has alumnae who graduated will be presented at an evening has expanded its social calendar to dation, from my experience at co-ed Hawken School in Gates nearly 50 years ago communicating awards reception the week of Oct. include more charitable and University School,” he said. “I’m Mills targets them often. with third-graders, as pen pals of 24. networking events, such as partici- willing to invest my time and finan- That includes a summer event sorts. To nominate an individual, visit pation in the nationwide Brothers cial resources to perpetuate that.” before recent graduates go back to Those groups then meet at HB’s http://www.CrainsCleveland.com/ of the Holy Cross service day US, through school-sponsored college, when alumni play in annual reunion, which takes place marketing/cfonominate.html. and local alums playing host to research, has found that 80% of sporting events against current every May. ■ 20110620-NEWS--14-NAT-CCI-CL_-- 6/16/2011 3:02 PM Page 1

14 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM JUNE 20 - 26, 2011 EDUCATION Schools take steps to enhance women’s leadership programs

By KATHY AMES CARR advance prosperity in the United the real world with their academic [email protected] States. curriculum. Saint Joseph Academy, a Cleve- The high school in 2006 began aige Pierce credits her alma land all-girls school, and other offering an annual women’s lead- mater with the current Northeast Ohio prep and parochial ership symposium, which has trajectory of her collegiate schools have been working to featured such influential leaders as career. make their women’s leadership former Cleveland YWCA president PThe incoming Heidelberg Uni- programs pack more of a punch so and CEO Barbara Danforth, who versity senior is studying interna- graduates have the right skills now is senior vice president at tional relations and political science, needed to be a hit at the upper executive search and placement interests that Saint Joseph Academy echelon of the professional world. firm Ratliff & Taylor. Most recently, helped foster through its junior “Leadership development is a Beth Mooney of KeyCorp, who in professional shadow experience. critical issue,” said Koyen Parikh May became the first woman CEO Ms. Pierce in 2007 shadowed for Shah, director of Hathaway of a top 20 U.S. bank, was featured two weeks Strongsville City Coun- Brown’s Center for Girls’ and at the event. cilman Michael Daymut, and the Women’s Leadership. “Girls come “I was a senior executive at experience motivated her to to us wanting to make the world a American Greetings before I pursue politics at the broader better place, and they have a take- joined Saint Joe’s,” said school federal and international levels. action mind-set to fix it. president Mary Ann Corrigan- “Through Saint Joe’s, I got a “We knew we needed to have a Davis. “I personally have lived look at government on another more solid plan in place to facili- through what it’s like to be a level,” said Ms. Pierce, who this tate that,” Ms. Shah said. woman in business, and when I summer is interning at the Wash- got here (in 2006), I thought we ington, D.C.-based Council on C-suite view were missing an experience to Competitiveness, which is com- Saint Joseph’s career shadow expose students to real life.” posed of CEOs, university presi- experience is just one way To further the mission of dents and labor leaders working to students can tie in the realities of empowering women, Saint Joe’s

JOHN MULGREW Beth Mooney, chairwoman and CEO of KeyCorp, shakes hands with Jacqueline Bova, who was a senior at Saint Joseph Academy in March when Ms. Mooney attended the school’s annual Women’s Leadership Symposium.

launched a “Women Leading in Mass., Boston University and the 21st Century” class, now in its Boston College to conduct a two- third year. As part of the format, year study that will be completed GILMOUR ACADEMY students are introduced to accom- in fall 2012. The study, “21st Century plished leaders such as Virginia Athenas: Aligning Achievement Benjamin, partner of Cleveland law and Well-Being,” is delving into Where Inspiration HappensTM firm Calfee, Halter & Griswold LLP. factors that promote young ladies’ “I think when you’re 15, 16 or 17 well-being and performance. years old, you don’t think you have “We want to know how we can the power to make (leadership) preserve the resilience in young The Class of 2011’s achievements say it all. happen,” Ms. Corrigan-Davis said. women,” Ms. Klotz said. “Academic “These role models show them excellence is the engine that drives Congratulations Lancers on all you have accomplished. they can make it happen.” the train.” Hathaway Brown, meanwhile, in Magnificat High School in Rocky 2009 founded the Center for Girls’ River in 2010 unveiled the Rose- and Women’s Leadership, which mary Saas Center for Women of Ms. Shah said is “making leaps Faith in Leadership as a way to Sprinted to 1 state track championship and bounds” in helping female foster the influence of that school’s and 2 state runner-up finishes th students become leaders by female students, said Sister Carol state golf championship in school history, connecting them with roles that Anne Smith, the school’s president. with two individual state championships nurture those skills, such as public For example, beginning this 5 11,000 speaking and opportunities for August the center will link upper- hours donated to community organizations international travel. classmen with incoming freshmen. Accepted! “What we’ve found with trends The elder mentors will guide the in leadership, coming from col- younger women through orienta- to some of the nation’s most competitive colleges including: Massachusetts Institute of leges and universities, is that lead- tion and their first year as high Technology, Dartmouth, Rice University, Brown University, Boston College, University of Notre ership education is becoming school students. Dame, Cornell University, Georgetown University, Stanford University, Wake Forest University, more professionalized,” she said. “These girls go through a Washington University, Swarthmore College, University of California at Berkeley “They’re looking at how much rigorous application process” to time students spend outside the become mentors, said Moira Clark, Skated to the state hockey championship finals classrooms, whether it’s (leader- dean of student life and formation. 2 out of the last 4 years and advanced to the ship) retreats or workshops.” The leadership center also U18 Tier 1National Quarterfinals The Shaker Heights school also in began a speaker series that exposes 5,000 the 2011-2012 school year is imple- students to accomplished females Ran to 3 state cross country dollars donated to the Holy Cross Mission in menting both a yearlong leadership with inspiring backgrounds. championship meet appearances, Haiti, The Red Cross African Measles Initiative, course for high school students This fall’s series will feature including 1 state runner up Nuevo Paraiso, and The Gilmour Academy and a six-week leadership seminar nationally recognized author Scholarship Fund that explores strategies, theories Loung Ung, who will recount her and how leadership is assessed. experiences as a small child in the “It’s more about culture than 1970s who lived during the Khmer + Swam to the best record in program curriculum,” Ms. Shah said. Rouge genocide in Cambodia history for boys and girls swimming before fleeing to the U.S. She has Shape the future since published two books — 120 Meanwhile, the curriculum at “First They Killed My Father: A Speech & Debate National Forensic League state final 4 appearances Laurel School in Shaker Heights is Daughter of Cambodia Remem- points, earning the coaching team diamond status, in volleyball, including shaped by its Center for Research bers” and “Lucky Child” — and has with qualifiers at the state and national levels 2 state runner-up finishes 3 on Girls, which focuses on devel- been featured in The New York oping faculty and student pro- Times, The Washington Post and gramming based on the latest aca- USA Today. demic research, some of which the “We’re hoping the students will center sponsors, said Ann Klotz, be able to identify with these role head of school. models, and that they can be www.gilmour.org Use your Smartphone QR to learn more. The center currently is partnering inspired to be agents of change,” with Dana Hall School in Wellesley, Ms. Clark said. ■ 20110620-NEWS--15-NAT-CCI-CL_-- 6/17/2011 1:27 PM Page 1

JUNE 20 - 26, 2011 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 15 EDUCATION Padua’s MedTrack Hats off to the We were honored Laurel School to help inspire you exposes students to fulfill your promise Class of 2011! and to better the world. to health care field We can’t wait to see what you accomplish By AMY ANN STOESSEL attraction for potential students to [email protected] the Catholic high school. “It’s a program that’s unique for us that’s as Laurel School or Padua Franciscan High in line with our mission.” School principal David Stec, Several aspects of the program’s alumnae who it simply was the right time curriculum are rooted in spirituality and place to implement an and the Franciscan tradition. For Dream. Dare. Do. Fadvanced science track with a health instance, MedTrack students in care focus at his Parma school. their senior year also are required “With any good product, idea to take a bioethics and Franciscan or program … it’s a matter of life issues course. connecting current practice with fu- Laurie Grabowski, Padua’s ture vision,” Mr. Stec said. assistant director of institutional In this case, Padua’s specially advancement, said when college designed four-year course of study recruiters come to Padua, school Dream. Dare. Do. known as MedTrack — inaugurated officials are working to familiarize in the 2009-2010 school year — is them with MedTrack. And as the seizing upon the school’s already first class of MedTrack students strong college prep program and moves closer to graduation in 2013, Call 216.464.0946 trends taking place in the communi- Padua plans to speak with even www.LaurelSchool.org ty, school and education as a whole. more colleges to make sure they are “I knew there was a marketplace aware of the rigors of the program. Girls Kindergarten–Grade 12 here,” said Mr. Stec, pointing to Indeed, Shawn Grime, president Coed Pre-Primary Northeast of the Ohio Ohio’s health School Laurel School care institu- Counselor One Lyman Circle • Shaker Heights, Ohio 44122 tions and Association, work being said he done on the believes Cleveland course Convention history in Center and Medical Mart. high school plays a critical role in On average, 30 students, primarily college admissions. He also noted freshmen, have been accepted that with all of the opportunities each year for admission into the available to students today, it’s never MedTrack program. About 830 too soon to begin exploring careers. students in ninth through 12th “The reality is, as incoming fresh- grades attend the co-ed school. men, it’s really important for kids to A general emphasis within the start thinking about what they want public education arena on the to do when they graduate,” said Mr. STEM disciplines — science, Grime, a school counselor at Bryan technology, engineering and High School in Northwest Ohio. mathematics — also helped fuel the development of the specialized Professional buy-in curriculum, said Mr. Stec, who Joe Widenhofer and Annie Printy, noted that to his knowledge the both members of the class of 2013, Discover Our World of Learning program at Padua is unique. see MedTrack as an opportunity CONGRATULATIONS TO OUR 2011 GRADUATES ! MedTrack students follow an for just that: Annie is interested in advanced track of study heavy in dermatology, while her classmate math and science, receiving a spe- Joe expressed interest in both cial certification upon graduation. cardiology and gastroenterology. They also participate in extensive For their required externships “AOA feels like home, career exploration, with regular this summer, Annie will be working guest speakers and shadowing and with a plastic surgeon at MetroHealth and I can have friends externship opportunities. Medical Center, while Joe will be at “I think the strongest aspect is Parma hospital in cardiology. “The from all over the world. they really are trying to give these program allows you to explore all We’re unique.” students very practical experi- those different fields,” Joe said. ences,” said Dr. Maria Ramundo, a An extensive advisory board has parent of two MedTrack students helped guide the development of the and a member of the program’s program. It includes representatives professional advisory board. from a variety of fields and institu- Andrews Osborne Academy | Discover the region’s best kept secret in education tions, including University Hospitals r
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also to be taken the summer. Medical University, said the program WWW.ANDREWSOSBORNE.ORG “We’re drawing students to this gives the students a dose of reality. 440-942-3600 program who are the most capable,” “It’s more than just going to said Mr. Stec, who believes the class,” she said. “This is teaching 38588 Mentor Avenue | Willoughby, OH 44094 | Admissions: 440-942-3600 | www.andrewsosborne.org program is starting to serve as an them how to think.” ■ 20110620-NEWS--16-NAT-CCI-CL_-- 6/16/2011 2:34 PM Page 1

16 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM JUNE 20 - 26, 2011 HIGHEST PAID CEOS RANKED BY 2010 COMPENSATION

Total Company net compensation Company net income % Executive (Age) 2010 Nonequity Change in All other income 2010 change from Rank Company 2009 % change Salary Bonus Stock awards Option awards incentive plan pension value compensation (millions) 2009 Donald E. Washkewicz (60) $17,312,616 1 Parker Hannifin Corp. $12,560,961 37.8 $1,097,250 $0 $5,983,413 $5,912,573 $2,197,768 $2,016,512 $105,100 $853.4 203.7 Alexander M. Cutler (59) $12,798,596 2 Eaton Corp. $8,536,007 49.9 $1,175,100 $0 $3,595,263 $0 $6,665,063 $1,226,019 $137,151 $929.0 142.6 Anthony J. Alexander (59) $11,627,657 3 FirstEnergy Corp. $12,441,092 (6.5) $1,328,404 $0 $4,890,717 $0 $2,468,950 $2,883,006 $56,580 $784.0 -22.1 W. Nicholas Howley (58) $10,968,160 4 TransDigm Group Inc. $11,757,143 (6.7) $611,250 $575,000 $0 $0 $0 $0 $9,781,910 $125.3 -18.6 Alfred M. Rankin Jr. (69) $10,531,524 5 Nacco Industries Inc. $3,488,334 201.9 $1,217,943 $0 $5,306,595 $0 $2,037,348 $1,628,046 $341,592 $79.5 155.6 Richard J. Kramer(1) (47) $10,134,391 6 Goodyear Tire & Rubber Co. $5,553,042 82.5 $929,924 $0 $479,992 $1,392,000 $5,653,500 $1,626,814 $52,161 ($216.0) NM Glenn M. Renwick (55) $9,605,558 7 Progressive Corp. $9,128,036 5.2 $750,000 $0 $7,500,004 $0 $1,265,625 $0 $89,929 $1,068.3 1.0 Richard K. Smucker(2) (62) $7,977,283 8 J.M. Smucker Co. $4,688,555 70.1 $820,000 $16,400 $2,345,750 $0 $1,558,000 $3,176,314 $60,819 $505.2 8.0 Christopher M. Connor (54) $7,735,200 9 Sherwin-Williams Co. $7,495,810 3.2 $1,221,987 $0 $2,095,925 $1,964,476 $2,085,000 $0 $367,812 $462.5 6.1 James W. Griffith (57) $7,711,127 10 Timken Co. $3,960,155 94.7 $1,025,004 $0 $802,518 $1,915,053 $2,562,502 $1,332,000 $74,050 $274.8 NM Stephen D. Newlin (58) $7,511,135 11 PolyOne Corp. $3,823,505 96.4 $860,000 $0 $967,589 $850,590 $3,030,236 $538,990 $1,263,730 $162.6 228.5 Timothy P. Smucker(2) (66) $6,830,263 12 J.M. Smucker Co. $4,087,665 67.1 $820,000 $16,400 $2,345,750 $0 $1,558,000 $2,014,057 $76,056 $505.2 8.0 David L. Pugh (61) $5,756,925 13 Applied Industrial Technologies Inc. $9,381,182 (38.6) $945,000 $0 $1,435,480 $682,722 $1,890,000 $754,225 $49,498 $86.2 241.9 Joseph A. Carrabba (58) $5,595,592 14 Cliffs Natural Resources Inc. $5,350,667 4.6 $814,000 $0 $2,859,784 $0 $1,483,074 $394,057 $44,677 $1,019.9 397.3 Thomas W. Swidarski (52) $5,531,245 15 Diebold Inc. $4,594,850 20.4 $800,000 $0 $1,756,440 $1,222,725 $800,000 $787,477 $164,603 ($20.3) NM Paul G. Greig (55) $5,510,259 16 FirstMerit Corp. $5,907,300 (6.7) $750,725 $691,927 $2,000,000 $0 $1,238,073 $627,261 $202,273 $102.9 25.2 Frank C. Sullivan (49) $5,434,034 17 RPM International Inc. $2,696,374 101.5 $825,000 $0 $2,955,625 $818,000 $675,000 $69,981 $90,428 $179.4 13.0 John M. Stropki (60) $4,967,208 18 Lincoln Electric Holdings Inc. $4,604,784 7.9 $783,333 $0 $956,889 $814,220 $1,493,968 $890,627 $28,171 $130.2 168.1 James F. Kirsch (53) $4,742,543 19 Ferro Corp. $1,332,569 255.9 $885,000 $0 $441,375 $1,530,900 $1,770,000 $0 $115,268 $5.7 NM Joseph M. Gingo (65) $4,688,808 20 A. Schulman Inc. $3,702,557 26.6 $775,920 $250,000 $2,696,668 $0 $900,067 $0 $66,153 $50.0 409.2 Joseph M. Scaminace (57) $4,623,249 21 OM Group Inc. $1,992,934 132.0 $917,600 $0 $745,038 $973,495 $1,776,458 $7,934 $202,724 $83.4 NM Richard L. Kinzel (70) $4,487,548 22 Cedar Fair LP $4,098,185 9.5 $1,340,000 $0 $1,600,000 $0 $1,433,800 $60,039 $53,709 ($31.6) NM Michael F. Hilton(3) (56) $4,140,168 23 Nordson Corp. N/A N/A $534,375 $0 $931,307 $873,877 $961,876 $82,359 $756,374 $187.2 NM Daniel B. Hurwitz (47) $4,023,359 24 Developers Diversified Realty Corp. $8,214,283 (51.0) $616,000 $0 $1,481,600 $0 $1,848,400 $0 $77,359 ($209.4) NM Zev Weiss (44) $3,881,709 25 American Greetings Corp. $3,270,983 18.7 $944,495 $0 $368,769 $630,278 $1,716,715 $125,212 $96,240 $87.0 6.7 Kevin M. McMullen (50) $3,772,698 26 Omnova Solutions Inc. $2,899,904 30.1 $671,400 $0 $927,971 $0 $1,967,034 $126,173 $80,120 $101.1 196.5 John C. Corey (63) $3,714,673 27 Stoneridge Inc. $1,196,410 210.5 $655,000 $0 $1,296,116 $0 $1,056,000 $0 $707,557 $10.8 NM Richard J. Hipple (58) $3,674,956 28 Materion Corp. $2,536,391 44.9 $704,634 $168,450 $419,384 $615,717 $1,694,961 $40,506 $31,304 $46.4 NM Craig S. Shular (58) $3,333,873 29 GrafTech International Ltd. $3,446,396 (3.3) $677,680 $0 $1,113,840 $567,840 $870,000 $18,133 $86,380 $176.5 1,306.3 Jeffrey I. Friedman (59) $3,301,317 30 Associated Estates Realty Corp. $2,350,077 40.5 $487,479 $874,537 $1,724,116 $0 $0 $84,313 $130,871 ($8.6) NM Marc A. Stefanski (56) $3,244,812 31 TFS Financial Corp. $3,107,625 4.4 $1,080,000 $0 $499,800 $999,943 $338,742 $146,193 $180,134 ($4.9) NM Gerald B. Blouch(4) (64) $3,204,967 32 Invacare Corp. $2,564,202 25.0 $694,000 $287,800 $292,784 $394,500 $857,090 $575,221 $103,572 $25.3 -38.5 Walter M. Rosebrough Jr. (57) $3,052,301 33 Steris Corp. $3,019,503 1.1 $750,000 $0 $1,115,450 $534,359 $555,900 $0 $96,592 $42.1 -66.7 Samuel F. Thomas (59) $2,515,730 34 Chart Industries Inc. $1,640,395 53.4 $600,000 $0 $778,955 $559,672 $512,010 $0 $65,093 $20.2 -67.0 Robert G. Ruhlman (54) $2,370,100 35 Preformed Line Products Co. $2,234,614 6.1 $675,000 $0 $675,000 $0 $675,000 $0 $345,100 $23.1 -1.0 Thomas M. O'Brien (44) $2,344,100 36 TravelCenters of America LLC $2,352,675 (0.4) $300,000 $1,300,000 $744,100 $0 $0 $0 $0 ($65.6) NM John C. Orr (60) $2,210,527 37 Myers Industries Inc. $1,569,300 40.9 $725,000 $454,160 $563,305 $254,280 $0 $161,014 $52,768 ($42.8) NM Steven L. Gerard (65) $2,156,012 38 CBiz Inc. $2,291,121 (5.9) $675,000 $185,625 $270,000 $376,200 $354,375 $0 $294,812 $24.5 -21.9 Source: Company proxy statements. 2010 net income and net income % change provided by Compustat, www.compustat.com. Crain's Cleveland Business does not RESEARCHED BY Deborah W. Hillyer independently verify the information and there is no guarantee these listings are complete or accurate. We welcome all responses to our lists and will include omitted information or clarifications in coming issues. The Book of Lists and enhanced versions of most lists, with more companies, are available to purchase at www.crainscleveland.com. (1) Mr. Kramer was elected CEO and president on April 13, 2010 and elected chairman effective Oct. 1, 2010. (2) Effective Aug. 16, 2011, co-CEO Richard K. Smucker will become the sole CEO. Timothy P. Smucker will continue to serve the company as chairman. (3) Mr. Hilton was named president and CEO effective Jan. 16, 2010. (4) Mr. Blouch was named president and CEO on Jan. 1, 2011. He served as interim CEO since April 30, 2010. 20110620-NEWS--17-NAT-CCI-CL_-- 6/17/2011 3:17 PM Page 1

JUNE 20 - 26, 2011 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 17 Deals: Valuations soon may peak, ebb later this year continued from PAGE 1 recent years, the range was more MULTIPLICATION TABLES Those companies commanding on the economy, Mr. Sinnenberg “When the market went down, like 4 to 8 or 9, Mr. Kohl said. some of today’s highest valuations said. If it grows sustainably, compa- nothing was worth anything,” he “We have moved up in price Company valuations are at levels not are the companies perceived to possess nies should be able to reduce the continued. “Around midway through because we need to, but we haven’t seen since 2007 and 2008, leading to stable cash flow, Mr. Sinnenberg leverage on them. If the economy last year, you began to see a sudden gotten crazy,” he said. a stiffly competitive acquisition market. said. stutters, Mr. Sinnenberg predicts change, and it surprised a lot of It is harder today to close a deal, Here’s a look at United States and Certain industries, too, are enjoying it will result in “a lot of distressed people. I think it’s still surprising agreed John LeMay, partner of the worldwide multiples — the number higher valuations than others, Mr. companies.” people. The frenzy is on.” Cleveland private equity firm Blue multiplied by a company’s EBITDA to Della Ratta said. He cited health care Mr. Kohl believes it’s likely some Today’s acquisition market is one Point Capital Partners LLC. generate its purchase price — from (because “it never really lost a beat” deals will turn out unfavorably. of stiff competition, and company “Right now, for those auctions Thomson Reuters. in the recession), food (because “There are some companies that valuations have reached aggressive, that we pursue, the probability for buyers view its earnings stream as are trading … so high, that require so at times “eye-popping,” levels not all of us … of being successful in Year U.S. Worldwide less risky) and technology (which much equity, that they will not be seen since 2008 and 2007, according winning one of those auctions has typically draws higher multiples). good deals, and there will be disap- to many in Northeast Ohio’s deal- declined,” he said. 2011 13.3 12.4 Depending on the arrangement, pointments to the buyers and their making community. Those are disappointing moments, 2000 12.7 11.9 investment bankers such as Western investors,” he said. “That’s one of the In the United States and world- said Tom Littman, senior managing Reserve Partners stand to make consequences to a time like this.” wide, the average merger and partner of Kirtland Capital Partners 2009 12.4 11.6 more money when sale prices are Paul Schneir, managing director acquisition “multiple” — the number in Beachwood, which last summer 2008 12.8 12.4 higher. of KeyBanc Capital Markets, a multiplied by a company’s EBITDA closed its most recent acquisition — All four of the deals Mr. Della Ratta subsidiary of KeyBank and an invest- to generate its purchase price — is Metrics Marketing Group in West- 2007 14.7 14.0 has personally closed in 2011 drew ment bank, does not believe the cur- the highest it has been since 2007, lake. 2006 13.8 13.7 high valuations, and in three cases, rent conditions are the making of a according to data from Thomson And it’s expensive, Mr. Kohl said. earned the firm an incentive fee, he said. bubble. Although financing increas- Reuters. “In some of these cases, we have 2005 15.1 13.7 ingly is available today, it’s doled out At the top? spent a lot of time, effort and money 2004 13.8 12.5 more judiciously than it was before Declining chances to win … to develop our views and our bid, Many dealmakers believe valua- the meltdown, he said. 2003 12.3 11.6 Today’s hefty demand and lesser and all of that is ‘wasted’ if it doesn’t tions are nearing their peak. Plus, Mr. LeMay said, today’s is supply have driven up prices, insiders ultimately lead to us buying the Seemingly all predict that M&A not the indiscriminate deal market it said. company,” he said. “It is frustrating.” with more money is a lower return.” activity will increase in the second was several years ago. Strategic buyers have a lot of cash Another driver of the higher valu- However, Mr. Sinnenberg noted, half of this year, and that, according “Really good companies are on their balance sheets and are ations: More money is available for private equity can afford to generate to Mr. Della Ratta, will cause company getting very high valuations,” he eager to grow via acquisition. Finan- such deals. Debt markets have lower returns at a time when the valuations to fall some time later. said. “Weaker companies are not cial buyers are hungry, too, particu- improved, and lenders have warmed market as a whole is offering lower The ultimate outcome of the highly getting extreme valuations. People larly private equity firms, which lost back up to financing buyouts. returns. priced deals of today depends greatly are drawing distinctions.” ■ about two years of investing during However, it is the larger transac- the recession. tions that can “find all the credit For some private equity firms, capital that they want,” said John there’s a great sense of urgency Sinnenberg, chairman of the private because their agreements with equity firm, Cyprium Investment investors dictate that if they haven’t Partners. Smaller deals require invested the money by a certain more equity, he noted. time, they must return it, Mr. Della Ratta explained. Seller’s market The overhang of private equity Of course, higher valuations capital is estimated at more than make many a seller happy. $450 billion, according to Pitch- The impact to private equity Book, a private equity industry firms, which buy and sell businesses, research firm. is twofold. Like sellers, they’re relishing That has created quite the com- the better prices they receive for petition among buyers who need to companies they sell. But when put capital to work. they’re buying, higher valuations “We’re being outbid more often require more equity. That, coupled in the U.S., particularly on the larger with an economy that’s not growing deals,” said Stewart Kohl, co-CEO of quickly, means returns will be lower. The Riverside Co., one of the “When multiples go up, equity region’s most prolific private equity goes up, you wring your hands firms. That’s part of the business, more, your palms sweat more, and he noted, but is happening more it becomes a harder and harder frequently than it has since 2007. decision,” Mr. Kohl said. “We have Riverside, which has made nine more money at risk if something acquisitions this year, paid multi- goes wrong, and our returns are ples ranging from 5 to 10. In other lower because the same gain made

Olympic Steel to unveil wind turbine

Olympic Steel Inc. ON THE WEB Story from the installation, hopes to get some www.CrainsCleveland.com. provided by the air. Ohio Department With some taxpayer help via the of Development’s Advanced Energy Ohio Department of Development, Fund. the Bedford Heights-based company Department spokeswoman Bethany is putting up a 120-foot-tall, 100- McCorkle said Olympic is receiving kilowatt wind turbine, which it will that money in the form of a grant. unveil at a ceremony on Thursday, The turbine, a gearless, direct-drive June 23. design with a rotor that is 69 feet Once complete, the turbine is across, is mounted atop a 120-foot expected to provide about 15% of tower at Olympic’s facility on Rich- the power consumed at Olympic, a mond Road. In addition to providing steel processor and service center power to Olympic, it will sell excess that sells steel to manufacturers. power to the local energy grid, The company isn’t saying how Olympic said. long it will take the turbine, which Olympic chairman and CEO cost $550,000, to pay for itself, Michael D. Siegal said the company but steel service centers use large worked with both the state and the amounts of electricity for both lighting city of Bedford Heights to put the and processing. A single service project there. center easily can pay thousands of “It is our intention to continue to dollars per month for its power. pursue these types of opportunities One factor that will help make to increase sustainability including that payback period shorter is and beyond our ISO 14001certifica- $200,000 in funding to help pay for tion,” Mr. Siegal said. 20110620-NEWS--18-NAT-CCI-CL_-- 6/17/2011 1:26 PM Page 1

18 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM JUNE 20 - 26, 2011

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To find out more call 216-522-1383 Statements of Qualifications are due by 4:00 p.m. EDT Friday, July Executive Recruiter ad 15, 2011. Call 216-522-1383 20110620-NEWS--19-NAT-CCI-CL_-- 6/17/2011 4:02 PM Page 1

JUNE 20 - 26, 2011 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 19 THEINSIDER REPORTERS’ NOTEBOOK THEWEEK BEHIND THE NEWS WITH CRAIN’S WRITERS When business life thing,” said Mr. Malkin, who also founded cled ingredients to do it. JUNE 13 - 19 Beachwood-based Technical Software Inc., “Incorporating simple ingredients like gives you lemons … which merged with a group of soybean oil and recycled plastic bottles into The big story: Agilysys Inc. is going south. ■ Maybe, if I had participated similar companies in 1997. a first of its kind powerful paint formula, The publicly traded information technology in Lemonade Day as a kid, the Now Mr. Malkin’s job is to provides a winning transformational com- services company plans to close its Solon offices lemonade stands I ran actually get more Northeast Ohio kids bination for our customers and the environ- and move its headquarters to would have made money. to participate in Lemonade Day ment,” Mr. Connor said. — Dan Shingler Alpharetta, Ga., north of At- You see, my friend Shawn next year. He’s already putting lanta. The move is intended and I only charged a quarter per together marketing materials Program for uninsured to save the company money glass — not enough to reach to get the attention of other reaps early benefits by allowing it to reduce the profitability, according to Greg schools and youth groups. amount of space it uses. It Malkin. Luckily, Mr. Malkin’s They’ll be able to participate ■ Lower costs, fewer emergency room visits also will put the company closer students (some of whom are for free, at least for one more year. and better outcomes are pipe dreams for to its two operating divisions. Its Hospitality pictured at right) at University The Burton D. Morgan Foun- many hospitals, but the MetroHealth System Solutions Group is based in Alpharetta, and its School discussed how to set dation paid a one-time fee that appears to be making strides in those areas Retail Solutions Group is in Greenville, S.C. prices before putting up their will allow any group in North- for thousands of uninsured patients with its own lemonade stands on May 29. east Ohio to participate for free Partners in Care program. Doubling down: Gov. John Kasich wrangled a University School was one of through 2012. — Chuck Soder MetroHealth in May 2009 launched the bigger cut of the profits for the state from the five schools and school districts program to serve uninsured patients in a less under-construction casinos in Cleveland and that participated in Northeast Ohio’s first White House + green paint = an expensive but more efficient way by part- Cincinnati. He said the state will get an additional regionwide Lemonade Day, a national event nering patients with primary care teams. The $110 million over the next 10 years on top of the where students learn about entrepreneur- award for Sherwin-Williams program is modeled after the “medical home” $50 million one-time licensing fee and 33% tax ship by selling lemonade. ■ Sherwin-Williams makes paint in almost concept — an approach in medicine where on gambling revenues included in the 2009 con- Participating students work with teachers every color imaginable, but its favorite at the a health care provider serves as the go-to spot stitutional amendment that ushered in gaming and/or their parents to figure out how best moment might be green. for a patient’s care and tracks the outcomes. in Ohio. Casino part-owner Dan Gilbert said to run a lemonade stand. That means raising After all, it’s always some form of “green” So far, the results are encouraging as construction will resume this week on the trans- money to buy lemonade, choosing a brand that gets people’s attention and, in this case, patients in the program have seen better formation of the downtown Higbee Building to sell, figuring out where to put the stand Sherwin-Williams’ new environmentally outcomes than those not enrolled, according into a temporary home for the Horseshoe Casino and marketing the product, even if that just “green” paint landed it some praise from the to the first full year of clinical data available Cleveland and on construction of a new casino means stapling flyers to neighborhood phone White House as it earned the Presidential from the project. in Cincinnati. poles. Students can keep the profits, but Green Chemistry Challenge Award for 2011. Emergency department visits by patients The letter of the law: Philips Healthcare they are encouraged to give some to charity. Sherwin-Williams CEO Chris Connor is enrolled in the program were 6.8% lower, received a warning letter from federal regulators It’s a good way to get young kids excited heading to Washington, D.C., today, June 20, and the average cost of services for enrolled stating that the company’s Highland Heights about entrepreneurship, said Mr. Malkin, to accept the award from the White House patients was 5.1% lower, or about $28 less division has not adequately fixed a list of 16 who is director of the Entrepreneurial Insti- and the U.S. Environmental Protection Agency. per visit, than the cost for patients not in the procedural violations identified during an tute at University School, which has an elemen- Mr. Connor credited his company’s R&D program. Also, hospital admissions were inspection that took place during the second half tary school in Shaker Heights and a high team with being able to formulate a paint nearly 35% lower among those enrolled of 2010. The Food and Drug Administration school in Hunting Valley. that reduces volatile organic compounds in the program; average cost per discharge noted in the letter that, after three responses “It is an entire business. It’s got every- (VOCs) by 60% and uses common and recy- was 15% lower. — Timothy Magaw from Philips, the agency still did not have enough information to determine whether the company has taken adequate steps to fix many WHAT’S NEW BEST OF THE BLOGS of the violations. Philips, which builds computed very strong pace for some time as continued tomography, or CT, scanners and nuclear med- Excerpts from recent blog entries on troubles in housing weigh on consumer icine scanners in Highland Heights, said it’s CrainsCleveland.com. confidence and spending. “applying all necessary resources” to fix the At the end of April, “the Fed projected violations. Local law firm pitches in as that GDP would grow between 3.1% and 3.3% Good grass: U.S. Sen. Sherrod Brown announced golfer hits IRS rough patch this year, but officials are likely to down- a $5.7 million award from the U.S. Department ■ Cleveland law firm Kadish, Hinkel & grade their forecasts at their next meeting of Agriculture that he said could create up to Weibel is representing professional golfer on June 21-22,” according to Dow Jones. 1,210 new jobs by enabling Northeast Ohio Retief Goosen, the winner of the U.S. Open For 2012, Mr. Schweitzer “expects the farmers to grow a clean energy biomass known in 2001 and 2004, in a tax dispute over the economy to pick up some speed, expanding as “miscanthus giganteus.” Farmers in Ashtabula, share of his endorsement income generated between 3.5% and 4.0%,” Dow Jones reported. Lake, Geauga and Trumbull counties — as well COMPANY: Ridgid, Elyria in the United States. “That is only slightly below the Fed’s April as in several neighboring counties in Pennsylvania The firm has some work to do, as growth forecast of between 3.5% and 4.2%.” — will be eligible to receive the funds to grow PRODUCTS: Powered plastic pipe Bloomberg reported the U.S. Tax Court this miscanthus, a type of grass, which will be con- and tube cutter (Model TC-40) month ruled Mr. Goosen understated his Writer takes by-the-numbers verted into biofuels at an Aloterra Energy plant share of that income. “On the evidence approach to famous deaths in Conneaut. and the SeeSnake CS-10 digital presented, we cannot accept petitioner’s contention that less than 7% of his royalty ■ Northeast Ohio fans of true-crime writing Hollywood North: The Ohio film tax credit monitor income is U.S. source income,” Judge Diane might want to check out “Popular Crime: attracted another movie shoot to Cleveland. “I, Ridgid has expanded its product line with Kroupa wrote in a ruling released June 9. Reflections on the Celebration of Violence,” Alex Cross,” based on a book by mystery novelist a tube cutter that it says provides “fast, easy The decision involved Mr. Goosen’s which has chapters on two of the region’s James Patterson, will begin filming in Cleveland cuts without the need for ratcheting” and with endorsement deals with companies including most notorious cases: the Marilyn Sheppard in August. This is the fourth film to get the tax a digital monitor that offers “simple, full-feature Electronic Arts Inc. and Rolex Group. The murder and the “Torso” killings in the 1930s. credit for filming in Northeast Ohio so far this digital recording.” IRS determined that Mr. Goosen owed The book is written by Bill James, who year. The Ohio Film Office estimates the $5 The Ridgid cutter is intended for polyethylene, $20,224 for 2002 and $144,474 for 2003. The introduced modern statistical analysis to million tax credit will create 183 crew jobs and polypropylene, rubber hose, PVC and CPVC golfer challenged the IRS findings in tax baseball through his “Baseball Abstract” 1,700 movies extra jobs. with a capacity up to 1 5/8 inches (42 milli- court. books. Critiquing “Popular Crime” in The Quick turn: MetroHealth’s chief financial meters) outer diameter. A 75-watt motor drives “We’re in the process of reviewing it,” New York Times, Bryan Burrough says Mr. officer, Sharon Kelley, will step down at the end the product’s blade to provide a square, one of his tax attorneys, Matthew Kadish of James’ book gets at most of the famous U.S. of the month to “pursue other transformation precise cut in four seconds, Ridgid says. The Kadish Hinkel, told Bloomberg. crime cases. The review says Mr. James sel- consulting opportunities,” according to an internal company says repeat cuts can follow with dom argues with the verdict of history. announcement sent to the health system’s the use of the push-button blade release. Cleveland Fed researcher sees “When James disagrees with history, employees. The county-subsidized health system Meanwhile the SeeSnake has a one-touch economy shift to lower gear however, he is a dog with an excellent will conduct a national search for her replace- feature that enables the digital monitor to bone,” he wrote. “He doesn’t believe Sam ■ ment. Ms. Kelley has been at MetroHealth since record still images and video. The monitor U.S. gross domestic product should expand Sheppard murdered his wife in 1954. In- 2008 and has been CFO since 2009. features video and image playback and the by less than 3% this year due to high energy stead, he spins a scenario … that Sheppard exclusive auto-log recording method, which prices depressing consumer spending and hired a handyman — who some believe At a standstill: Ohio’s unemployment rate compresses files to help save memory on the lingering effects to the global economy committed the murder — to kill her.” was 8.6% in May, unchanged from April. The the USB thumb drive, where digital inspections from the major Japanese earthquake in The book starts slowly but then “begins to state said Ohio’s nonfarm wage and salary are stored, Ridgid says. March. really hum as James pores over the intrica- employment was virtually stagnant, increasing For information, visit www.Ridgid.com. So says Mark Schweitzer, research direc- cies of the ‘Torso Killer’ in 12,000 over the month to 5,104,200 in May from tor at the Federal Reserve 1930s Cleveland … and the revised 5,092,200 in April. The number of Send information about new products to Bank of Cleveland, ac- other (cases) in which the workers unemployed in Ohio in May was managing editor Scott Suttell at cording to a Dow Jones bodies are still warmish,” 508,000, down from 509,000 in April. [email protected]. story. He said the U.S. Mr. Burrough concluded economy is unlikely to grow at a in the review. 20110620-NEWS--20-NAT-CCI-CL_-- 6/16/2011 3:55 PM Page 1

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