Bud Konheim, Nicole Miller’s Chief Executive Officer, Dies at 84 After Biking Fall

Nicole Miller’s longtime business partner Bud Konheim died Saturday, after injuries sustained from a bicycle accident in Connecticut.
Konheim, chief executive officer of Nicole Miller Inc, died at the age of 84 at Norwalk Hospital in Norwalk, Conn., Saturday. The cause of death was not immediately known, Miller said.
Services will be held Friday at the Frank E. Campbell Funeral Chapel in New York City.
Konheim and Miller have been one of the fashion industry’s longest-standing power couples, having worked together for more than 40 years. “He always said, ‘I’ve never had a bad day.’ He loved life and he loved his job.” Miller said. “He just always had this positive attitude. He just loved what he did. He loved the business.”
The irrepressible straight talker Konheim was a big picture thinker who examined the fashion industry from a mile-high perspective. Rather than talk up his own company’s success or most recent news, Konheim was more inclined to first discuss at great length why old-school retail models and other aging business practices weren’t working. Rather than bemoan the state of things, Konheim would fire off a litany of possible solutions. An early adopter of technology for a variety of elements of sales and design,

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Nordstrom Executive Pay Revealed

Rounding off a week of retail boss compensation reveals was department store chain Nordstrom Inc.
Co-presidents Erik, Pete and the late Blake Nordstrom each made around $ 4.4 million last year, down from $ 5.6 million in 2017, according to filings with the Securities and Exchange Commission. Some of this was made up of stock options, the full value of which might never be realized due to fluctuations in stock prices and vesting schedules.
The brothers, who are great-grandsons of the company’s founder, John W. Nordstrom, ran the company together as co-presidents from 2015 until Blake’s unexpected death in January following a short battle with lymphoma. Pete and Erik will continue as co-presidents of the business.
Under SEC rules, the company also identified the median pay for all employees, other than Erik, who ranks as principal executive officer. The worker in the middle of the bell curve at Nordstrom was paid $ 34,454 — putting the top executive’s pay at 129 times the median. This included part-time and seasonal workers.

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White House planning executive order that aims to boost pipeline construction, lower energy prices

The effort was spurred by the blockage of the construction of the 125-mile Constitution Pipeline from Pennsylvania to New York.
Economy

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Black Female Executive Is a Mighty Force at Toyota: Her Story

BLACK ENTERPRISE recently revealed the upper ranks of female leadership at the nation’s largest public and private companies with the release of the 2019 Most Powerful Women in Corporate America list. One of the standouts found on this exclusive roster is Sandra Phillips Rogers, who manages an expansive portfolio at Toyota North America as group vice president, general counsel, chief legal officer, corporate secretary, and chief diversity officer.

Holding degrees in journalism and law, respectively, from the University of Texas at Austin, this brilliant legal eagle joined Toyota in 2012 after holding a series of high-powered positions at prestigious law firms and major corporations. Considered one of the company’s most valuable senior managers, she is routinely called upon to handle complex issues, ranging from global transactions and corporate inclusion to cybersecurity and intellectual property.

One of the cover subjects of our January-March Women of Power issue, Phillips Rogers shared with BE, among other details, her professional ascension and tips she gives mentees on achieving success in corporate America. The following are edited excerpts from that interview:

Throughout your career, you’ve repeatedly shifted from major corporations to high-powered law firms. Which environment did you find most rewarding?

Well, I think both have their advantages but working in a company gets you closer to the business, and that’s ultimately why my career has taken me to Toyota. When you realize as a lawyer that you have the ability to help shape the business strategy through your legal advice and then also as an executive understanding more about what some of the corporate priorities are and how you can help them achieve it, that synergy really is very exciting to me. That’s the first thing.

The second thing is when you work for a company, you’re a part of a much larger organization. I really like that. The opportunity to be a chief diversity officer, work on various community activities and be a part of how the company is going to, in the case of Toyota, transform into a mobility company, that’s all very, very exciting and satisfying. Of course, there’s the great people and great products that Toyota makes. So that’s also very, very attractive to me.

Toyota

 

At Toyota, you serve not only as the chief legal officer but also oversee diversity. How did that dynamic evolve?

I’ll start by saying that I have been a champion of diversity and inclusion for many, many years under my legal umbrella. In 1999, I was a part of the first diversity committee at the law firm I was employed [with] at the time. It’s been a progression and a passion of mine…and frankly, an obligation I feel to help bring more diversity and inclusion in the legal profession. So when the opportunity to become the chief diversity officer presented itself, it was a natural fit for me because I’ve spent so many years moving diversity and inclusion forward in the legal profession, also within my legal team at Toyota and other organizations that I’ve been a part of. Now, it’s very exciting to do it for the entire company. It’s something I take quite seriously but it is a very big honor for me.

In terms of your legal career, what were the cases in which you were most proud?

As I look over my career, the things that I’m most proud of are issues where there was a lot at stake, a broad impact for my client in terms of not just the legal strategy but the business strategy. It was necessary to coordinate a large team to all work together, be on the same page, and have a common strategy. It wasn’t always easy bringing various interests together, but I’m most proud of that teamwork, of how we all came together to help try to solve a very important issue for the business, customers and various stakeholders in the community. That’s what really excites me: A big hairy problem which brings together people as a team and you help solve it.

As a woman professional, how did you navigate challenges to eventually reach your current senior-level position?

For me, it’s always been important to understand the challenge, and then apply what you know in the context of the culture of the company. I’ve worked in a lot of different organizations. One approach might work in one organization but might not work in another. I’ve always viewed a challenge as an opportunity to show and demonstrate my leadership and commitment to the organization. What was always fundamental is to find out where the landmines and pitfalls were because sometimes those can derail your activities before you even get going. I think the other piece is where diplomacy and respect for people come into play. Savviness, emotional intelligence. I think these are all things that have served me very well over my career. Sometimes folks want to just go boldly into the challenge. You have to step back and understand the environment, the culture, the people, and then you have to plan a strategy that takes all of that into consideration.

Who have been your mentors and how have they helped you decide on the career path you took?

The mentors I’ve had have fallen into five buckets. One would be a person who I would call your subject matter expert. They kind of show you the ropes and help you develop your chops in a particular area of expertise. The second is the navigator, someone who helps you see around corners, tells you where you may want to go for opportunity or what to avoid because it could potentially stifle your progress.

Of course, the sponsor is very, very important. These are individuals in my career who have been my bosses or other senior people of influence who can speak on my behalf and help connect me with opportunities. The other group of mentor is the personal mentor. These are my friends and people who know me well. Some are outside the organization; some are inside. They’re the ones who can tell me, “You know, Sandra. Run your presentation by me and I’ll tell you if I think that’s the right approach.” Maybe they can tell you about how to present yourself, whether it’s a dress or how you express yourself. The last group of mentors is what I call peer to peer. That’s mainly women of color I meet at conferences to just exchange stories and ideas.

So what’s your mentorship approach and what advice do you give your mentees?

First of all, I try to build a relationship to establish mutual trust so that they know that it’s safe to talk to me, open up and really get to the core of what it is that’s either troubling them or the dreams that they have. We can figure out how we can navigate to help get them there. But it’s really about seeing an opportunity to help move someone who’s already in a great place to an even better one. I try to give them the benefit of my experiences…what’s worked for me, what hasn’t worked for me. Then, I try to figure out where they are in their organization and help them navigate some of the politics and things they need to think about.

But I want to give them some practical tools to put in their kit so that they can go back and say, “OK. I need to approach my business presentations this way.” Or, “I need to make sure I make relationships with these people.” Or, “I need to make sure that I am going to volunteer so that I can develop power.” One of the things that has just been a very important part of my career development is building power outside of the organization. If you become a leader in your community or profession that can spill over into the workplace. People find out about you, and they say, “Oh, Sandra’s leading this great effort with United Way.” Sometimes, your bosses may see you in a very limited way but then they see you differently. My counsel: Build your power within but also outside of the organization.

Define your leadership style and how it evolved?

I always start with who I am as a person. I always start with being authentic, which I find helps enable the other aspects of being a good leader. Someone’s who’s trustworthy, someone that you can rely on. If you’re seen as being authentic, whether that means a strong leader, whether it means being courageous, whether it means being vulnerable, that’s really how you build your brand as a leader. The other important piece is external to you. It’s the people that you have on your team and how you empower them to succeed. I think the other part of it is just being what I call more of a servant leader, someone who models behavior and can inspire others to follow. Those are the best leaders because when times get tough, profits are down and you’re doing more with less, your ability to help move your team beyond that is going to be based on whether you’re seen as being a part of the solution, getting down with the team at the grassroots level and help do the work to bring the situation back around.

Vital to career ascension, especially for African American women, is being heard in various corporate settings. How did you develop your voice?

One of the things that is key is for everyone to know executives in a company are looking for people to help them solve problems or come up with the next great idea. If that’s the case, your voice is really the only way that that is going to happen. A lot of people will be paralyzed feeling that their voice isn’t important, no one will listen to me or I’ll say something wrong. Most senior executives are looking for ideas. Clearly, all of the ideas are not going to hit gold but you have to realize that your voice must be at that table in order to create this new pathway for business. When you realize that you’re needed, that gives you more confidence to speak up and articulate whatever it is that you feel is going to help the company succeed. It’s about confidence and not being afraid to fail. I think that that really stymies a lot of opportunity, coming from women and women of color. You just have to realize that your voice matters.

 

 

The post Black Female Executive Is a Mighty Force at Toyota: Her Story appeared first on Black Enterprise.

Career | Black Enterprise

EMPLOYMENT UPDATE:

Scandal-Plagued USA Gymnastics Hires NBA Executive Li Li Leung as New CEO

Li Li Leung spent two years watching USA Gymnastics struggle through the aftermath of the Larry Nassar sexual abuse scandal. A former college gymnast at the University of Michigan who still considered herself “embedded” in the sport while serving as a vice president with the NBA, Leung kept waiting for things to get better.

Only they didn’t. Leadership changed. More and more survivors stepped forward to detail their experiences at the hands of Nassar, a former national team doctor. The United States Olympic Committee began the process of stripping USA Gymnastics of its status as the national governing body. One of the U.S. Olympic movement’s marquee programs was rudderless and fighting for its survival.

“I was frankly very, very disappointed in terms of where the sport and the organization had gotten to,” Leung said.

So disappointed that she felt compelled to come home.

USA Gymnastics hired Leung as its new president and chief executive officer on Tuesday, a job she accepted in an effort to help the organization and the sport find a way forward.

“I have bled, sweated and cried alongside my teammates as well as other team members and other gymnasts,” Leung said Tuesday. “And it really broke my heart to see where the sport was. We can do better for the sport. … Our gymnasts deserve better.”

The 45-year-old Leung, who will begin her new position on March 8, competed as a member of a U.S. junior national training team and represented the U.S. in the 1988 Junior Pan American Games. She helped Michigan win four Big Ten titles during her college career and served as a volunteer assistant gymnastics coach while earning two master’s degrees at the University of Massachusetts. Her professional stops include stints at USA Basketball and the NBA.

Now she returns to the sport she started in at age 7, hoping to prevent USA Gymnastics from being decertified by the USOC.

USA Gymnastics filed for Chapter 11 bankruptcy protection in December in an effort to reach settlements in the dozens of sex-abuse lawsuits it faces in courts across the country from athletes who blame the group for failing to supervise Nassar, a team doctor accused of molesting them.

The 55-year-old Nassar worked at USA Gymnastics and Michigan State University for decades. He is serving an effective life sentence for child porn possession and molesting young women and girls under the guise of medical treatment.

Leung said she has already spoken to USOC CEO Sarah Hirshland and that “both sides are committed to working closely to resolve the decertification request.”

“We remain hopeful, that USA Gym will be the (national governing body) going forward,” Leung said.

Hirshland called Leung “an accomplished professional” in a statement and expressed optimism about the direction of the organization under Leung’s leadership.

“I’m very hopeful that Li Li’s combination of experience and desire to lead will be a positive force for change in the lives of gymnasts all over the country,” Hirshland said.

Leung is the fourth person to hold the position of president and CEO in the last two years. Steve Penny resigned under pressure in March 2017. His replacement, Kerry Perry, lasted less than a year when she stepped down under heavy scrutiny from the USOC last September.

The organization then turned to former U.S. Rep. Mary Bono on an interim basis last October, but she resigned after just four days, saying she felt her affiliation would be a “liability” after a social media post by Bono criticizing Nike and former San Francisco 49ers quarterback Colin Kaepernick drew widespread scrutiny within the gymnastics community.

Leung acknowledged she is well aware of the churn at the top but added, “I wouldn’t have taken this job if I didn’t think I could have been successful in it.”

USA Gymnastics surveyed more than 200 members of the gymnastics community during the process, including current or former athletes, coaches, club owners and judges. Board chair Kathryn Carson said Leung “has the passion, the personal commitment and the resilience to lead USA Gymnastics at this juncture.”

Leung’s to-do list includes what she called “fair and equitable resolution” with Nassar survivors so “they can work with us to make the fundamental changes that are necessary.” USA Gymnastics has been criticized over the last two years for its tone-deaf approach.

Olympic champion Simone Biles, herself a Nassar victim, openly challenged Perry’s inability to articulate a path toward reconciliation before the national championships last August. Less than a month later, Perry was out of a job.

John Manly, a California-based attorney representing dozens of athletes suing USA Gymnastics, dismissed Leung’s hire as “business as usual.” Manly called Leung “an insider” and said survivors were “ignored” after asking to be part of the process.

“I think the good thing about it is it gives survivors and their families absolute clarity about what needs to happen to USA Gymnastics is that it needs to go away and be replaced because they’re incapable of reforming themselves,” Manly said.

Leung said her focus will be on helping foster a culture focused on athlete health and safety. When an independent report released in December detailed a pattern of negligence that allowed Nassar’s behavior to run unchecked for so long, Leung said she empathized with its details of “having gymnasts suffer silently, sacrifice their childhood, competing on broken bones.”

She plans to keep that perspective in mind as USA Gymnastics attempts to forge ahead.

“Judge us on our response,” she said. “Judge us on our actions going forward. We will learn from the past and look to the future to heal and rebuild.”

Sports – TIME

ENTERTAINMENT DEAL UPDATE:

REI Chief Executive Jerry Stritzke Resigns After Investigation into Undisclosed Relationship

The chief executive and president of Recreational Equipment, Inc., Jerry Stritzke, abruptly resigned Tuesday, REI announced in a statement. The company’s board accepted Stritzke’s resignation “following an investigation into the facts and circumstances surrounding a personal and consensual relationship between the REI CEO and the leader of another organization in the outdoor industry.” The investigation, which found no evidence of financial misconduct, was conducted by an external law firm and overseen by REI’s board of directors.

The company announced that Eric Artz, REI’s executive vice president and chief operating officer, will take on the role of interim CEO effective immediately. In an open letter to REI employees, REI board chair Steve Hooper praised Stritzke’s drive and innovative contributions to the company since taking over as president in October 2013. “Jerry has been an excellent CEO for REI and together, all of you have delivered outstanding results for the co-op during remarkably challenging times in retail,” Hooper wrote, adding, “The co-op is stronger today than when Jerry joined.”

Kent, Wash.-based REI was founded in 1938, an early pioneer in outdoor retail that now has 147 stores in 36 states. The company has been repeatedly ranked by Fortune as a best place to work, and measures such as REI’s Black Friday closures and million-dollar investments in initiatives that demonstrate the relationship between being outdoors and good health are often cited as evidence of its progressive workplace culture at the member-owned cooperative.

Fortune

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Early child deprivation and neglect impair memory and executive functioning at age 16

Young children experiencing deprivation and neglect in institutional settings have impaired memory and executive functioning at ages 8 and 16 compared with peers placed early in quality foster homes, report investigators.
Child Development News — ScienceDaily

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Andy Gruenberg, Veteran Film Executive, Dies at 68

Veteran film executive Andy Gruenberg, who most recently oversaw theatrical distribution at Netflix, died suddenly on Friday. He was 68. Gruenberg worked on classic films like “Ghostbusters,” “Karate Kid” and “Silverado” while at Columbia Pictures in the 80s and 90s. He then moved to MGM where he served as exec VP of distribution. There he […]

Variety

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Tonie Leatherberry Is the New Chair of the Executive Leadership Council

Tonie Leatherberry, who is a principal at Deloitte & Touche L.L.P., and president of the Deloitte Foundation, has been named the new chair of the Executive Leadership Council (ELC).

“After serving on The ELC board for several years and developing programs such as The ELC CEO Academy, I am honored to have the opportunity to continue my service and work with ELC members to expand The ELC’s reach and influence,” stated Leatherberry in a press release. “Given my passion for leadership development and understanding the critical need to help prepare the next generation of black and women of color C-suite executives, I am proud of the work we’ve done together. I look forward to playing a larger role in helping advance the impact of The ELC and its programs on industry, the marketplace, our communities, and beyond.”

The ELC is an organization dedicated to creating a pipeline of black corporate executives and leaders. Its members include some of the most preeminent black CEOS, senior executives, and board members of Fortune 1000 and other prestigious companies.

Leatherberry has been with Deloitte for over 25 years. As a principal in Deloitte’s Risk and Financial Advisory practice, she is responsible for supporting key accounts across Strategy, Enterprise Risk, Human Capital and Technology services. She has also served on Deloitte Consulting’s Board of Directors and as Deloitte Consulting’s Chief Inclusion Officer and serves on several advisory boards, including Widener University Board of Trustees, Boston University College of Engineering Advisory Committee, and Boston University Board of Overseers.

“Through her experience working across Deloitte and with multiple client organizations, Tonie understands what it takes to be an effective leader,” remarked Mike Fucci, Chairman of the Board of Deloitte and Chairman of the Deloitte Foundation. “I have no doubt that she will bring these qualities to her role as ELC chair and will continue to develop a strong pipeline of future leaders. Tonie’s passion for education at the intersection of diversity and helping others succeed to their full capacity has been a driving force of the Deloitte Foundation’s efforts for the past three years. I am so proud of Tonie and I am confident she will excel in this new role.”

She is also slated to speak at this year’s Black Enterprise Women of Power Summit, hosting the session, “Are You Board Ready?” where she will provide insight into how black women can find places on corporate boards.

Receiving numerous accolades, most notably as one of the top 25 consultants by Consulting Magazine, she was named by Black Enterprise as one of the Most Powerful Women in Business. Leatherberry has also been recognized as one of Pennsylvania’s “Top 50 Women in Business,” The Network Journal’s annual list of “25 Influential Black Women in Business,” as one of Savoy magazine’s “Top 100 Most Influential Blacks in Corporate America” and one of the “Top 100 under 50 Leader” by Diversity MBA Magazine.

“Tonie has been an enthusiastic and engaged member of The ELC since 2009 and has served on The ELC board of directors for several years,” said Skip Spriggs, president and CEO of The Executive Leadership Council in a statement. “Her fellow board directors recognized and rewarded Tonie for her leadership with this appointment. In addition to continuing her support for The ELC’s CEO Academy and our work with the Alliance for Board Diversity, Tonie will lead efforts to increase the visibility and impact of the organization, and its value to our members.”

 

 

 

The post Tonie Leatherberry Is the New Chair of the Executive Leadership Council appeared first on Black Enterprise.

Career | Black Enterprise

EMPLOYMENT UPDATE:

Trump suggests he may use executive authority on border

President Donald Trump suggested a day after his prime-time Oval Office address that he may use executive authority to secure funds for a border wall if negotiations to reopen the government break down with Democrats.


CNN.com – RSS Channel – Politics

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Trump issues executive order freezing federal workers’ pay in 2019

President Donald Trump issued an executive order Friday freezing federal workers’ pay for 2019, following through on a proposal he announced earlier in the year


CNN.com – RSS Channel – Politics

SPECIAL NEWS BULLETIN:

http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

BEST DEAL UPDATE BY AMERICAN CONSULTANTS RX:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

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Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Why Did Facebook Fire a Top Executive? Hint: It Had Something to Do With Trump

Palmer Luckey, co-founder of virtual-reality pioneer Oculus, was ousted after his political activity sparked a furor within the social-media giant and Silicon Valley. His firing was one of the earliest political spats of the kind that is now roiling the technology industry.
WSJ.com: WSJD

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Trump Faces Opposition To Plan To End Birthright Citizenship By Executive Order

President Donald Trump has injected additional controversy into the contentious debate over immigration by revealing plans to sign an executive order ending “birthright citizenship” for babies of non-citizens and unauthorized immigrants born on U.S. soil.
RTT – Political News

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