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Putting Out Fires-stop, Drop, And Role
By Kevin Eikenberry
I’ve worked with well-meaning, highly-principled leaders for years. When the topic of coaching and developing their employees comes up I often hear that they know coaching is important, they want to coach more, but they don’t have time because they are too busy “putting out fires”.
As children we learn that if we are ever in a fire, and our clothing catches on fire, we should “stop, drop and roll.” By dropping to the floor and rolling around we snuff out the flames and solve the immediate problem.
The more I hear the phrase “putting out fires” from managers and leaders, the more I think this simple firefighting advice applies to leaders too.
The Fires
No one I’ve ever talked to admitted to liking the fires at work. They put urgency and stress into our days. They put us in a position of solving a problem that in many cases we didn’t even know existed. And because of the urgency, often the problems are averted (or minimized), but the root cause never is addressed – meaning you fight the same fire over and over again!
And while no one admits to liking firefighting, I believe that at least unconsciously some people actually do like the firefighting – it provides an adrenalin rush and perhaps even provides more short term job satisfaction as well.
Stop, Drop and Role
Assuming that you really don’t want to deal with the fires (if you secretly like that work, perhaps you should re-consider carefully your role as a leader – read on as a part of that reflection), there are three steps that will help you fight the fires and find more time to coach and develop your team
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– which was the initial concern! Those steps closely reflect the firefighter’s mantra: stop, drop and role. Stop – You must stop fighting all the fires. Recognize that as a leader the fires don’t all belong to you and with some coaching and development the fires can be owned by others. Then you will have time to work with your team members to do fire prevention. Start considering fires as an opportunity for coaching and development. Does this mean you will never roll up your sleeves and help? Not necessarily. What it does mean is that if you are dealing with all of the fires, you can’t do the work you are truly paid to do. Stop! Drop – You must drop the fire and hand it off to someone else. In the moment you might have to help, but your help should be done consultatively, so that as you are helping fight the fire, you are preparing someone else to fight (or prevent it) next time. If you do find yourself enjoying firefighting, think about dropping the energy and enjoyment you get from these situations and refocusing your energy to coaching and development. Drop! Role – You must remember your role. As a leader, your role is to develop others. As you invest this time, you are providing others the opportunity to put out the fires. You are developing their skills to manage their work more effectively. And by investing the time to coach, you are creating more time to do it more frequently and more effectively in the future. Remember your role! If you find yourself putting out fires that are keeping you from doing the less urgent but more important things like coaching and training, consider the advice of firemen – who know fires best after all. Stop, drop, and role! Potential Principle – As a leader we must focus on important things like developing our people, not just the urgent things that pop up each day. Kevin Eikenberry is a leadership expert and the Chief Potential Officer of The Kevin Eikenberry Group, a learning consulting company that helps Clients reach their potential through a variety of training, consulting and speaking services. To receive your free special report on Unleashing Your Potential go to www.kevineikenberry.com/uypw/index.asp or call us at (317) 387-1424 or 888.LEARNER.
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Delta CEO prefers stability over flash in airplane fleet
<img src='http://assets.bizjournals.com/seattle/news/Richard_Anderson_Delta_CEO_crop*100.jpg?v=1'>Richard Anderson, CEO of the world?s biggest airline in terms of fleet size, is more focused on reliable aircraft performance than fuel economy, and more on flight frequency than aircraft size.
During a visit to Seattle this week to lecture on leadership at the University of Washington Foster School of Business, Delta Air Lines CEO Anderson offered some surprises as he took a few minutes to share his views on aircraft acquisition and fleet management.
For starters, he isn?t restive to get the Boeing 787, despite the fact that Delta was one of the the first U...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=kKUAJ65dULw:A8-Lw9vB1ZA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=kKUAJ65dULw:A8-Lw9vB1ZA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=kKUAJ65dULw:A8-Lw9vB1ZA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=kKUAJ65dULw:A8-Lw9vB1ZA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=kKUAJ65dULw:A8-Lw9vB1ZA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=kKUAJ65dULw:A8-Lw9vB1ZA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=qj6IDK7rITs" border="0"></img></a>
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Berg in his own words: humbled yet defiant at sentencing
<img src='http://assets.bizjournals.com/seattle/blog/2010/09/Berg,DarrenMUG.jpg?v=1'>Frederick Darren Berg arrived for sentencing Thursday in federal court in a bland khaki-greenish prison shirt and pants ? a significant contrast to the stylish and expensive clothes he wore in his prior life.
Before being convicted of running a $100 million Ponzi scheme, the Mercer Island investment fund manager has been described as outgoing and charismatic. He lived an indulgent life, surrounded by exceptional luxury. The Puget Sound Business Journal ran a three-part series, plus continuing coverage, last year detailing just how he lured investors, and how he spent his money...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=IZzSa4HaYto:P2i-2tTkuio:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=IZzSa4HaYto:P2i-2tTkuio:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=IZzSa4HaYto:P2i-2tTkuio:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=IZzSa4HaYto:P2i-2tTkuio:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=IZzSa4HaYto:P2i-2tTkuio:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=IZzSa4HaYto:P2i-2tTkuio:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=qj6IDK7rITs" border="0"></img></a>
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Delta CEO prefers stability over flash in aircraft fleet
<img src='http://assets.bizjournals.com/seattle/news/Richard_Anderson_Delta_CEO_crop*100.jpg?v=1'>Richard Anderson, CEO of the world?s biggest airline in terms of fleet size, is more focused on reliable aircraft performance than fuel economy, and more on flight frequency than aircraft size.
During a visit to Seattle this week to lecture on leadership at the University of Washington Foster School of Business, Delta Air Lines CEO Anderson offered some surprises as he took a few minutes to share his views on aircraft acquisition and fleet management.
For starters, he isn?t restive to get the Boeing 787, despite the fact that Delta was one of the the first U...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=ygDh84kF6N0:HsMx7_hRNUs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=ygDh84kF6N0:HsMx7_hRNUs:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=ygDh84kF6N0:HsMx7_hRNUs:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=ygDh84kF6N0:HsMx7_hRNUs:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=ygDh84kF6N0:HsMx7_hRNUs:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=ygDh84kF6N0:HsMx7_hRNUs:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=qj6IDK7rITs" border="0"></img></a>
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Chef from Verve brings energy to Belltown's Branzino
The restaurant scene can be fickle. Sometimes a spot is hot, and then it?s not.
Branzino, the handsome little Italian place in Seattle?s Belltown neighborhood, was smokin? hot in 2009 when Chef Ashley Merriman was in charge of the kitchen. Since then, it has slowly cooled.
But now the heat is rising again, thanks to the arrival of Chef Garrett Michael Brown.
Brown made a local name for himself at Verve, a Columbia City bistro and wine bar that had a celebrated four-and-a-half-year run until September, when it lost its lease...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=bDAJYUH6crM:VMGOW3_3i-A:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=bDAJYUH6crM:VMGOW3_3i-A:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=bDAJYUH6crM:VMGOW3_3i-A:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=bDAJYUH6crM:VMGOW3_3i-A:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=bDAJYUH6crM:VMGOW3_3i-A:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=bDAJYUH6crM:VMGOW3_3i-A:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=qj6IDK7rITs" border="0"></img></a>
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Darren Berg's 18-year sentence: 'I did it consciously'
<img src='http://assets.bizjournals.com/seattle/BergDarreninbus315p*100.jpg?v=1'>Frederick Darren Berg was sentenced to 18 years in prison Thursday for using his company, Meridian Group, to operate a $100 million Ponzi scheme and bilk hundreds of people?s retirement and savings.
The Mercer Island investment fund manager, who pleaded guilty in August, apologized directly to many of his victims, who were among those in a packed courtroom at the federal courthouse in Seattle.
?Not only do I owe you $100 million or $120 million or whatever the number turns out to be, it?s a staggering number,? Berg said...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=07mydxiESj0:kf4WNYnCdOY:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=07mydxiESj0:kf4WNYnCdOY:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=07mydxiESj0:kf4WNYnCdOY:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=07mydxiESj0:kf4WNYnCdOY:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=07mydxiESj0:kf4WNYnCdOY:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=07mydxiESj0:kf4WNYnCdOY:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=qj6IDK7rITs" border="0"></img></a>
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Seven stores that shoppers want to see downtown
<img src='http://assets.bizjournals.com/seattle/news/Apple_store*100.jpg?v=1'>Some people, no doubt, are lamenting the news that JCPenney has decided not to return to downtown Seattle after all. The company, which had an urban store here many years ago, has decided instead to focus on suburban expansion under its new CEO.
But not to worry: As many spurned lovers are told by their friends, there are plenty of other fish in the sea.
That was made clear during a video presented during the Downtown Seattle Association?s annual economic forum breakfast Wednesday (Feb. 8) at the Westin Seattle Hotel...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=j4bLc_AsVFQ:lQzYpHek2Lo:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=j4bLc_AsVFQ:lQzYpHek2Lo:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=j4bLc_AsVFQ:lQzYpHek2Lo:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=j4bLc_AsVFQ:lQzYpHek2Lo:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=j4bLc_AsVFQ:lQzYpHek2Lo:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=j4bLc_AsVFQ:lQzYpHek2Lo:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=qj6IDK7rITs" border="0"></img></a>
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UPDATED: Banks, government negotiate $26B foreclosure deal for homeowners
<img src='http://assets.bizjournals.com/albuquerque/news/Foreclosure-sign-web*100.jpg?v=1'>Government authorities and five of the nation?s biggest banks ? including three of the largest players in the Washington state market ? have agreed to a $26 billion settlement over alleged foreclosure abuses.
The deal struck between the banks, 49 state attorneys general and federal regulators concludes more than a year of negotiating and is the largest industry settlement since the U.S. struck a deal with tobacco companies in 1998.
The agreement includes Bank of America Corp. (NYSE: BAC), Wells Fargo & Co...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=LXgxpuryytU:wcYv55jLOTo:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=LXgxpuryytU:wcYv55jLOTo:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=LXgxpuryytU:wcYv55jLOTo:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=LXgxpuryytU:wcYv55jLOTo:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=LXgxpuryytU:wcYv55jLOTo:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=LXgxpuryytU:wcYv55jLOTo:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=qj6IDK7rITs" border="0"></img></a>
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Slide show: Report shows shakeup among top bank brands
<img src='http://assets.bizjournals.com/dayton/news/25_topusbankbrands2012*100.jpg?v=1'>There was a big shakeup at the top of the banking brand rankings that were recently released, including several of the top banks in the Puget Sound region.
Wells Fargo & Co. jumped ahead of Bank of America for the second spot on Brand Finance's Banking 500, a list of the best global banking brands in 2012.
Note: Click on the image above right for the top 25 bank brands in America.
The value of the 500 banking brands this year was down nearly $100 billion to a total of $746.7 billion, which is equivalent to the GDP of Turkey, according to the report...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=ESIbmKADTZs:JaX9Hqdk3hs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=ESIbmKADTZs:JaX9Hqdk3hs:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=ESIbmKADTZs:JaX9Hqdk3hs:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=ESIbmKADTZs:JaX9Hqdk3hs:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=ESIbmKADTZs:JaX9Hqdk3hs:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=ESIbmKADTZs:JaX9Hqdk3hs:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=qj6IDK7rITs" border="0"></img></a>
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CFO of the Year finalists announced
The Puget Sound Business Journal has announced the 15 top financial finalists for the PSBJ?s 2012 CFO of the Year Awards.
The CFO of the Year Awards are given to financial professionals in Washington for outstanding performance in their roles as corporate financial stewards. They will be honored at the CFO of the Year Awards ceremony March 7 at Benaroya Hall in Seattle. Click here to see a list of all 15 finalists.<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=dntIEZL4oGw:510AkvUDfes:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=dntIEZL4oGw:510AkvUDfes:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=dntIEZL4oGw:510AkvUDfes:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=dntIEZL4oGw:510AkvUDfes:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=dntIEZL4oGw:510AkvUDfes:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=dntIEZL4oGw:510AkvUDfes:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=qj6IDK7rITs" border="0"></img></a>
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PSBJ announces 2012 CFO of the Year finalists
<img src='http://assets.bizjournals.com/seattle/blog/CFO-LOGO-4c-2012-CarouselNEW*100.jpg?v=1'>They innovate. They strategize. They achieve. Three things all of the 15 top financial executives being honored with PSBJ?s 2012 CFO of the Year Awards have in common.
Each of the 2012 finalists went above and beyond their regular duties, providing leadership within their companies, within their industries and in their communities.
The CFO of the Year Awards are given to financial professionals in Washington for outstanding performance in their roles as corporate financial stewards. They excel at managing their companies? financial risks...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=AB75rluFR9M:h6SFBTKrDrA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=AB75rluFR9M:h6SFBTKrDrA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=AB75rluFR9M:h6SFBTKrDrA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=AB75rluFR9M:h6SFBTKrDrA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?i=AB75rluFR9M:h6SFBTKrDrA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_seattle?a=AB75rluFR9M:h6SFBTKrDrA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_seattle?d=qj6IDK7rITs" border="0"></img></a>
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MAA sells apartment property for $7.25 million
MAA is enacting part of its current disposition plan with the sale of a Memphis apartment community.
Orlando, Fla.-based Cedar Mill LLC purchased Cedar Mill Apartments in Southeast Memphis from Mid-America Apartments LP for $7.25 million.
Built in two phases in 1974 and 1986, the 276-unit apartment complex at 3505 S. Mendenhall sits on 13.9 acres, according to the Shelby County Assessor of Property website.
Mid-America Apartments LP is affiliated with Mid-America Apartment Communities Inc., currently branded as MAA...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=C4AaOe3r4Ag:7xVn2qruqqI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=C4AaOe3r4Ag:7xVn2qruqqI:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=C4AaOe3r4Ag:7xVn2qruqqI:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=C4AaOe3r4Ag:7xVn2qruqqI:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=C4AaOe3r4Ag:7xVn2qruqqI:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=C4AaOe3r4Ag:7xVn2qruqqI:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=qj6IDK7rITs" border="0"></img></a>
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Dunavant Logistics earns security certification
Dunavant Global Logistics Group LLC has gained a security certification that could help it move products faster for customers.
The Memphis-based global logistics firm has been certified as a member of the U.S. Customs-Trade Partnership Against Terrorism (C-TPAT) program.
The certification is primarily held by larger companies that have significant focus on global logistics.
U.S. Customs and Border Protection established the program in 2003 to build cooperation with industries which strengthen supply chain and border security...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=LF5D_OiWWcc:WmWwSds483M:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=LF5D_OiWWcc:WmWwSds483M:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=LF5D_OiWWcc:WmWwSds483M:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=LF5D_OiWWcc:WmWwSds483M:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?i=LF5D_OiWWcc:WmWwSds483M:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_memphis?a=LF5D_OiWWcc:WmWwSds483M:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_memphis?d=qj6IDK7rITs" border="0"></img></a>
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Postal Service lost $3.3 billion in first quarter
<img src='http://assets.bizjournals.com/phoenix/morning_call/PostalServiceWeb*100.jpg?v=1'>Strong holiday shipping was not enough to offset a continued decline in First-Class Mail, leading to a $3.3 billion quarterly loss for he United States Postal Service, compared to a loss of $290 million in the same quarter a year earlier.
The Postal Service?s shipping business was up 7 percent from a year ago last quarter, its fiscal first quarter. Shipping accounted for 17 percent of its total revenue. First-Class Mail revenue fell 4.1 percent. First-Class Mail revenue has declined 15 percent and volume down 25 percent since 006...<div class="feedflare">
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Memphis awaits impact of mortgage settlement
<img src='http://assets.bizjournals.com/austin/blog/real-estate/foreclosurehouse*100.jpg?v=1'>Now that the federal government and states have hammered out a historic settlement with mortgage servicers, the bigger question will be the exact impact at the local level in cities hardest hit, like Memphis.
In the immediate, the general consensus is that even the largest federal-state settlement in history of $26 billion ? with an expected $146 million coming to Tennessee ? isn?t enough to stem the tide of massive foreclosures.
Corky Neale, director of research for RISE Foundation, a consumer financial education group, said the potential impact of the dollars will affect about 10 percent ? 1...<div class="feedflare">
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Memphis industrial portfolio sells for $23.6 million
<img src='http://assets.bizjournals.com/memphis/news/kansas%20city%20life%20portfolio*100.jpg?v=1'>AREA Properties Partners has purchased four Memphis industrial buildings totaling 834,708 square feet for $23.6 million.
Kansas City Life Insurance Co. sold the portfolio and was represented by Cushman & Wakefield?s Southeast Capital Markets Group in cooperation with Cushman & Wakefield Commercial Advisors in Memphis.
The buildings include Southpark H at 4650 Quality Drive, Southpark G at 4481 Pleasant Hill, Memphis Distribution D at 4100 Quest Way, and Memphis International Airport Center at 3363 MIAC Cove...<div class="feedflare">
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Tennessee to get $146M in mortgage relief from big banks
<img src='http://assets.bizjournals.com/nashville/news/housinghelpweb*100.jpg?v=1'>Tennessee?s piece of a landmark mortgage settlement will likely be about $146 million in what officials say will be a sweeping change in practices and a dose of relief to struggling homeowners.
In a $26 billion deal that includes states? attorneys general across the country, major mortgage providers ? Bank of America, Wells Fargo & Co., JP Morgan Chase & Co., Citigroup and Ally Financial ? have agreed to provide money for loan modifications and other changes, direct relief to wronged homeowners and funding for housing programs, authorities said...<div class="feedflare">
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Daniel Tosh?s 2012 tour to stop in Memphis
Tosh Tour Twenty Twelve will hit the Orpheum Theater in Memphis on April 8.
Comedian Daniel Tosh, known for his Comedy Central show Tosh.0, will begin his tour April 5 in Austin, Texas, and perform in at least 17 cities, including Memphis.
It will be the comedian?s second stand-up tour produced by Comedy Central. In 2010, Tosh Tour Twenty Ten included more than 75 performances, sold 250,000 tickets sold and produced $10 million in box office revenue.
Tickets for the Memphis show go on sale Friday at 10 a...<div class="feedflare">
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Grizzlies owner Heisley bidding on Dodgers
Michael Heisley, the Chicago billionaire businessman who owns the Memphis Grizzlies, has been revealed as one of the bidders on the Los Angeles Dodgers, according to a report in the Los Angeles Times.
Heisley leads one of 11 bids that is still in the running to buy the Major League Baseball team. The report also says if Heisley were to buy the team, Jerry West would probably join in some capacity. West, a former Los Angeles Laker and NBA legend, previously worked for Heisley as general manager of the Grizzlies.<div class="feedflare">
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Memphis files 86 lawsuits against property owners
The city of Memphis is fighting blight and for the second time filed a large batch of lawsuits against the owners of neglected property.
The Commercial Appeal reports Mayor A C Wharton and Shelby County District Attorney General Amy Weirich announced the filing of 86 lawsuits and 11 nuisance petitions.
Wharton launched a similar assault against blight in 2010, when the city filed 138 lawsuits against property owners. About two-third of those properties have since been rehabbed or demolished, according to Wharton...<div class="feedflare">
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Bank settlement to net $26B for homeowners
More than 2 million Americans could benefit from at least $26 billion in relief from the nation?s biggest banks as part of a broad government settlement set to be announced on Thursday, The New York Times reports.
The aid will help a relatively small portion of borrowers who are delinquent and facing foreclosure, The Times reports. The success could depend in part on how effectively the program is put into effect because earlier efforts by Washington to help troubled borrowers aided fewer than expected...<div class="feedflare">
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