OCTOBER 12, 2018 The business journal serving Central Iowa’s Cultivation Corridor Price: $1.75 DEGREES OF FLEXIBILITY Institutions are adapting their MBA programs to meet the needs of busy, tech-savvy professionals in Greater Des Moines DANIEL CONNOLLY Dean of the College of Business, Drake University 2 businessrecord.com | Twitter: @businessrecord @businessrecord | Twitter: businessrecord.com October 12, 2018 October Business Record | | Record Business CONTACT US (515) 288-3336 | [email protected] FOLLOW US TABLE OF CONTENTS www.businessrecord.com VOLUME 36 | NUMBER 41 | OCTOBER 12, 2018 www.facebook.com/DMBusinessRecord @BusinessRecord LEADERSHIP PUBLISHER Chris Conetzkey (515) 661-6081 | [email protected] EDITORIAL EDITOR Suzanne Behnke @businessrecord | Twitter: businessrecord.com (515) 661-6085 | [email protected] MANAGING EDITOR Perry Beeman (515) 661-6086 | [email protected] Beats: Economic Development | Transportation | Energy & Environment SENIOR STAFF WRITERS Joe Gardyasz (515) 661-6084 | [email protected] Beats: Insurance & Investments | Health & Wellness | Manufacturing & Logistics | HR & Education Kent Darr (515) 661-6083 | [email protected] Beats: Real Estate & Development | Banking & Finance | Law & Government STAFF WRITER Kate Hayden (515) 288-3478 | [email protected] Beats: Tech & Innovation 5 28 34 NEWSROOM OPERATIONS MANAGER John Retzlaff (515) 661-6082 | [email protected] Calendar | On the Moves 4 PAUSTIAN: SECRETS IN 8 JULIA LAWLER 35 ON THE MOVE COPY EDITOR Kurt Helland BOOKING; WOZNIAK A ‘DIVA’ Take a closer look at Principal Job changes, hires and promotions Financial Group’s executive vice ART & PRODUCTION CREATIVE DIRECTOR 4 MOMBOSS AT PRINCIPAL president and chief risk officer 36 CHECKING Joe Crimmings ORGANIZATIONAL LEARNING SENIOR GRAPHIC DESIGNER Ariane Criger 5 GRINNELL PRIZE WINNER: 10 COVER STORY: ‘DEGREES OF DISABILITIES GRAPHIC DESIGNER IT’S NOT JUST ABOUT FLEXIBILITY’ By Frank Darbonne Sami Schrader REDUCING YOUR CARBON MBA programs adapt to meet PHOTOGRAPHER Duane Tinkey the needs of busy, tech-savvy FOOTPRINT 37 CALENDAR PICKS professionals SALES Your first look at upcoming events DIRECTOR OF ADVERTISING LET’S COVER THIS TOPIC — Sara Brown 6 TREE CANOPY 28 NEWSMAKER Q&A | LIZ DIRECTOR OF STRATEGIC PARTNERSHIPS 38 IS STEVE KING SUPPORT Katherine Harrington GILMAN FADING? SENIOR ACCOUNT EXECUTIVES There’s buzz for the state’s film office Lori Bratrud 6 TREASURIES: SHORT- The Elbert Files: By Dave Elbert Kristi Edwards VS. LONG-TERM & THE ACCOUNT EXECUTIVE INVERTED YIELD CURVE BEHIND TELLIGEN’S ESOP Laura Stapes 34 39 MY WALLET IS MY VOTE PROJECT COORDINATOR Amid lawsuit, Telligen’s CEO says Kolbie Creger Marketing: By Drew McLellan employee-owners are faring ADMINISTRATION extremely well with the ESOP BPC VICE PRESIDENT Jason Swanson BUSINESS MANAGER INSIDE THIS ISSUE Eileen Jackson ACCOUNTING SPECIALIST WHO’S IN THIS ISSUE? BUSINESS RECORD IOWA Becky Hotchkiss A list of local people and the page number of the article in which they are mentioned. OFFICE MANAGER A PATH TO AN INFORMED Laura Stegemann ELECTORATE: INSIDE SALES REPRESENTATIVE Leslie Berckes, 6 Amy Kristof-Brown, 10 Alison Damon Terry Branstad, 28 Julia Lawler, 8 Employers and associations work together to BPC CHAIRMAN educate employees and voters Connie Wimer Jeff Chungath, 34 Ellen Lemale, 8 BPC PRESIDENT Daniel Connolly, 10 Bill Knapp, 28 Janette Larkin Jean-Francois Daniel, 5 Melanie Marcel, 5 October 2018 Business Record® (USPS 154-740, ISSN 1068-6681) is Frank Darbonne, 36 Matt McGarvey, 34 12, 2018 October A PATH TO AN published by Business Publications Corporation Inc., INFORMED The Depot at Fourth, 100-4th Street, Des Moines, Iowa Dave Drury, 8 Tony Paustian, 4 ELECTORATE: Employers and associations work together to educate 50309, (515) 288-3336. Contents © 2018 Business employees and voters Record. Published weekly. Annual subscriptions $69.95. Greg Elming, 8 Terry Rich, 28 Single copy price is $1.75. Copies of past issues, as available, may be purchased for $4.50 each. Periodicals David Frasier, 10 Danna Robinson, 4 Postage Paid at Des Moines, Iowa. POSTMASTER: Send address changes to Business Publications, The Depot at Liz Gilman, 28 Chris Soules , 28 Fourth, 100-4th Street, Des Moines, Iowa 50309. | Record Business DAVE KLUESNER NICOLE CRAIN Danette Kenne, 10 David Spalding, 10 REGIONAL GOVERNMENT RELATIONS SENIOR VICE PRESIDENT, MANAGER PUBLIC POLICY INTERNATIONAL PAPER ABI Steve King, 38 Greg Weber, 34 3 THE INSIDER notebook CHRIS SUZANNE PERRY KENT JOE KATE HAYDEN Bits and bites of the finer side of Iowa business CONETZKEY BEHNKE BEEMAN DARR GARDYASZ staff writer publisher editor managing editor senior staff writer senior staff writer Paustian: Secrets in businessrecord.com | Twitter: @businessrecord @businessrecord | Twitter: businessrecord.com booking; Wozniak a ‘diva’ In case you BY PERRY BEEMAN missed it... Tony Paustian has been working for 10 years to book A brief look back at news from the past movie stars, astronauts, musicians and others on a “shoestring week on BusinessRecord.com budget” to come to West Des Moines once a year to inspire students and others at ciWeek, DART funding held each March at Des Moines Area We set the record straight with Community College’s West Campus. the commissioners at DART, who Among the things Paustian, the have heard a lot of buzz about the campus provost, learned: Most stars Momboss at Principal transportation agency’s budget lately. are willing to give him a great deal on https://bit.ly/2zUc3Z7 their speaking fees once they hear what BY SUZANNE BEHNKE the event is about, and they call their friends and find out how well the speakers Working Mother magazine released its list of 100 Most Iowa stocks down Most of the 22 companies with Iowa are treated in the land of “Iowa Nice.” Best Companies recently. It included a lot of large headquarters had modest price gains “These people are coming for dirt-cheap rates because employers; some have Iowa operations, such as Bank of or declines last month. they believe in what they are doing. I got Fredo [Apollo 13 America, Deloitte and RSM, among others. https://bit.ly/2OcObZu astronaut Fred Haise] at a fifth of what he usually charges. The list also included Principal Financial Group. The Last July, I was at an event in Tucson that he was at. We had company as an extension of that recognition has honored coffee, and I talked about our event for half an hour, and next one of its own as a Working Mother of the Year. It’s done so Partnership gala to thing, he’s on the agenda.” since 2010. feature VC Vance This year , a mother of three boys Another thing he learned: Apple co-founder Steve Wozniak Danna Robinson Venture capitalist J.D. Vance will ages 12, 6 and 1, was recognized after being nominated by a is a “diva.” headline the Greater Des Moines co-worker. “We’ve had some divas in the past,” Paustian said. Partnership’s annual dinner Jan. 17. She said Principal’s policies and supportive leadership “Steve Wozniak [2012] was a case in point. Totally, man. https://bit.ly/2Pc2Ccr “His people let us know that he needed in his room when team have helped her balance parenting and work duties. One example she highlighted quickly: She had to be put he arrived two full-sized large bags of fiery hot Cheetos with Improving Ingersoll lime. Well, we have the fiery hot Cheetos in Iowa, but here we on bed rest during a high-risk pregnancy and was allowed to put in hours that she could work. It’s been 20 years since the beginning don’t sell the ones with lime. So I had to have of Restoration Ingersoll, a group somebody ship me up from Dallas, Texas, Some benefits are more routine and help to manage the day-to-day schedule. “I do work from home — but not of leaders, residents and business two bags of fiery hot Cheetos with lime, owners who wanted to upgrade both of which he ate in his room.” when they are awake,” she said, referring to her children. “They are aware of the times I have to do things. I can’t have Ingersoll Avenue. Before or after his speech? “After.” https://bit.ly/2DZV1wt Woz wasn’t the only diva. “I’ve had my whole life revolve around my kids.” a variety of things like that in the past,” She said it’s been important to be able to adjust her Paustian said. schedule. “I can work from home when I need to. There’s Watch out, Omaha Greater Des Moines is drawing Talking to Wozniak was interesting, a give and take. I should be in the office when I am residents from Omaha, rural Iowa Paustian added. “He’s a smart guy, but he needed there.” and, in the case of former residents sounds a lot like Sheldon Cooper of ‘Big Bang Theory.’ He’s an Besides getting recognized at work, Robinson returning, from all over the country, a older version of Sheldon. He’s a genius. But I had to talk to him will accompany another Principal staff member to a consultant-with-data says. about him; otherwise, the conversation was going to stop.” gala event in New York City hosted by Working Mother Paustian also has learned that once he gets someone, magazine in October. https://bit.ly/2Ecqiwz he can persuade them to come back — sometimes with their Robinson offers this advice: “Working moms famous friends. “It’s late winter in Iowa, but once they’ve been sometimes have the feeling of being a subpar mom here and left, they love the place. We treat them like gods. They because they can’t make it to every cross-country meet. love it. A lot of them call me and ask if they can come back.” You can’t be everything to everyone if you want to be a good mom.