MELLODY HOBSON: LONG TERM MARKET STORY IS POSITIVE
Ariel Investments' President
Mellody Hobson spoke with Bloomberg's Hong Kong bureau about Ariel's strategy to be less aggressive with cash holdings, preparing for any pullback in stocks creating fresh buying opportunities. In the interview, Mellody noted that Ariel, which managed $11.8 billion as of June 30, currently weights cash at about 7 percent in its global portfolios, versus its usual target of less than 5 percent.
It's "just to have the powder dry in the event of any kind of pullback in the markets," Mellody Hobson said. "We don't necessarily see a correction coming, but anything is possible. If there is a correction we think the fundamentals are very sound -- we'd be a buyer in this environment."
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FORTUNE'S THIRD ANNUAL "CHANGE THE WORLD" LIST
Fortune released its third annual "Change the World" list, which recognizes companies that have had a positive social impact through activities that are part of their core business strategy. The following Network member companies were included:
- Accenture (Laura Gurski)
- Allstate (Kathy Mabe and Stephanie D. Neely)
- JP Morgan Chase (Melissa L. Bean and Elizabeth H. Connelly)
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 CARY GRACE ON AON'S ACQUISITION OF TOWNSEND GROUP
Cary Grace, Chief Executive Officer of Global Retirement & Investment Solutions at Aon, was quoted in an article about Aon's decision to enter into a definitive agreement to acquire The Townsend Group (Townsend), a leading provider of global investment management and advisory services primarily focused on real estate.
"This acquisition will unite two investment industry leaders that provide objective advice and implemented OCIO solutions to institutional investors. Together, we will expand our capabilities and expertise to create sophisticated investment solutions that best serve our clients and further accelerate our growth," said
Cary Grace.
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 DIANE SWONK ON DISASTER RELIEF AND COUNTRY'S GDP
Diane Swonk, CEO of DS Economics, spoke with
Marketplace to discuss how disaster relief cleanup could affect the country's GDP.
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 ARCHITECTURE FOUNDATION MOVING TO RIVERFRONT
The Chicago Architecture Foundation (
Lynn Osmond), best known for its architecture tours that ply the Chicago River, plans to move to new and larger quarters next year - a riverfront office building that soars above the dock for its tour boats.
The nonprofit group last week signed a 20-year lease for a high-profile headquarters at 111 E. Wacker Drive, just east of Michigan Avenue, and expects to move there in summer 2018. The new home, called the Chicago Architecture Center, will be almost twice at big as the foundation's current one and will include such features as a two-story "Skyscape Gallery" that showcases innovations in tall building design in Chicago and around the world.
"We're going to the next phase of our growth where we become a destination for the discovery of architecture and design in Chicago," said Lynn Osmond, Chicago Architecture Foundation President and CEO.
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SHARI RUNNER ON NEW LAWSUIT SEEKING POLICE REFORMS
Shari Runner, President and CEO of the Chicago Urban League, appeared on
Chicago Tonight to discuss Illinois Attorney General
Lisa Madigan's decision to sue the City of Chicago to secure more reforms to the Chicago Police Department, including court oversight of departmental changes.
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RONA BORRE ON CHICAGO'S AMAZING TECH TALENT
Instant Alliance Founder and CEO
Rona Borre spoke with
WGN Radio about her career, why she decided to start the company, what attracts her to recruiting and placing people in jobs, the importance of creating relationships, Chicago's emergence in the tech industry and why she chooses to keep her company in Chicago.
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 SG360°'S MARY LEE SCHNEIDER ON WHAT'S AHEAD
Printing Impressions interviewed
Mary Lee Schneider, President and CEO of SG360°, to learn more about the acquisition of Data Service Solutions, what it means for SG360° and the company's plans for the future.
"We really want to focus on differentiating ourselves on both the front - and the back-end of the process," said Mary Lee Schneider. "DSS is a great example of how we've dug down and not only added capacity, but added new capabilities for complex fulfillment and finishing."
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 MARY MEG MCCARTHY ON TRUST ACT
Mary Meg McCarthy, Executive Director, National Immigrant Justice Center, was quoted in an article about the Illinois TRUST Act (SB 31). Under the TRUST Act, local police cannot comply with immigration detainers or warrants not issued by a judge.
"As the federal government escalates its efforts to involve local law enforcement in its expanding immigration dragnet, we are relieved that Illinois communities and lawmakers came together to create strong due process protections and refuse to be complicit in unlawful deportation practices," said Mary Meg McCarthy.
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CRAIN'S CHICAGO BUSINESS RELEASES 2017 "WHO'S WHO IN CHICAGO BUSINESS" LIST
Crain's Chicago Business released its 2017 list of Who's Who in Chicago Business. The directory of Chicago's movers and shakers lists more than 600 people, from Fortune 500 CEOs to civic leaders to philanthropists. The following Network members and staff were included on the list:
- Susan Abrams, CEO, Illinois Holocaust Museum & Education Center
- Shradha Agarwal, President & Co-Founder, Outcome Health
- Ellen Alberding, President, The Joyce Foundation
- Carol R. Barney, President, r-barc
- Emily L. Barr, President & CEO, Graham Media Group
- MarySue Barrett, President, Metropolitan Planning Council
- Melissa L. Bean, Chairman of the Midwest, JPMorgan Chase & Co.
- Laurel G. Bellows, Principal, Bellows Law Group, P.C.
- Kate Bensen, President & CEO, The Chicago Network
- Gina Berndt, Regional and Managing Director, Board of Directors, Perkins + Will
- Carol L. Bernick, Chief Executive Officer, Polished Nickel Capital Management
- Sally Blount, Dean, Kellogg School of Management Northwestern University
- Carole L. Brown, CFO, City of Chicago
- Debra A. Cafaro, Chairman & CEO, Ventas, Inc.
- Cathy Calhoun, Chief Client Officer, Weber Shandwick
- Gloria Castillo, President, Chicago United Inc.
- Bridget Coughlin, President & CEO, John G. Shedd Aquarium
- Marsha Cruzan, Regional Market President, US Bank
- Gillian Darlow, CEO, Polk Bros. Foundation
- Mary N. Dillon, CEO, Ulta Inc.
- Emilia DiMenco, President & CEO, Women's Business Development Center
- Lisa Donohue, CEO, Starcom
- Ann Drake, Chairman & CEO, DSC Logistics
- Wendy DuBoe, President & CEO, United Way of Metropolitan Chicago, Inc
- Ana Dutra, President & CEO, The Executives' Club of Chicago
- Marci Eisenstein, Managing Partner, Schiff Hardin LLP
- Ginger Evans, Commissioner, City of Chicago Department of Aviation
- Janet Foutty, CEO, Deloitte Consulting LLP
- Kimberly Foxx, State's Attorney Cook County, State's Attorney Office
- Barbara Gaines, Artistic Director, Chicago Shakespeare Theater
- Jeanne Gang, Founder & Design Principal, Studio Gang Architects
- Ilene S. Gordon, Chairman, President & CEO, Ingredion Incorporated
- Kelly Grier, Vice Chair and Central Region Managing Partner, Ernst & Young LLP
- Madeleine Grynsztejn, Pritzker Director, Museum of Contemporary Art
- Sandra P. Guthman, Chair & Former CEO, Polk Bros. Foundation
- Lori T. Healey, CEO, MPEA
- Christie A. Hefner, Chairman, Hatch Beauty
- Leslie S. Hindman, President & CEO, Leslie Hindman Auctioneers
- Mellody Hobson, President, Ariel Investments, LLC
- Julie M. Howard, Chairman & CEO, Navigant Consulting Inc.
- Stephanie Izard, Executive Chef & Owner, Boka Restaurant Group
- Cheryle R. Jackson, President, AAR Africa AAR Corp.
- Valerie Jarrett, former Sr. Advisor & Asst. to the President The White House
- Robin L. Kelly, U.S. Congresswoman (IL02), United States Congress
- Deborah Lahey, President & CEO, Chicago Academy of Sciences/Peggy Notebaert Nature Museum
- Michelle B. Larson, President & CEO, Adler Planetarium
- Lisa Madigan, Attorney General, State of Illinois
- Kate Maehr, CEO, Greater Chicago Food Depository
- Beth Kirk Malecki, Partner, Chicago Office Leader, Mercer
- Margaret I. McCurry, President & Principal, Tigerman McCurry Architects
- Linda Myers, Partner, Debt Finance, Kirkland & Ellis LLP
- Lynn J. Osmond, President & CEO, Chicago Architecture Foundation
- Tonise Paul, President & CEO, Energy BBDO
- Anne R. Pramaggiore, President & CEO, ComED
- Toni Preckwinkle, President, Cook County Board of Commissioners
- Alison P. Ranney, Managing Director, Koya Leadership Partners
- Diana M. Rauner, President, Ounce of Prevention Fund
- Jo Ann Rooney, President, Loyola University Chicago
- Shari Runner, President & CEO, Chicago Urban League
- Jennifer Scanlon, President and CEO, USG Corporation
- Anna Shapiro, Artistic Director, Steppenwolf Theatre Company
- Goli Sheikholeslami, President & CEO, Chicago Public Media
- Joanne C. Smith, President & CEO, Rehabilitation Institute of Chicago
- Julia Stasch, President, John D. and Catherine T. MacArthur Foundation
- K. Sujata, President and CEO, Chicago Foundation for Women
- Elissa Tenny, President, School of The Art Institute of Chicago
- Renee V. Togher, President, Azteca Foods Inc.
- Marty Wilke, President, General Manager CBS2 Chicago/WBBM-TV
- Maria E. Wynne, CEO, Leadership Greater Chicago
- Donna F. Zarcone, President & CEO, The Economic Club of Chicago
- Andrea L. Zopp, Deputy Mayor & Chief Neighborhood Officer, City of Chicago
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 DORRI MCWHORTER JOINS CIVIC CONSULTING ALLIANCE BOARD OF DIRECTORS
Dorri McWhorter, CEO of YWCA Metropolitan Chicago, has joined the Civic Consulting Alliance's Board of Directors. The Board of Civic Consulting Alliance comprises senior leaders from Chicago's most prominent corporate, professional service, nonprofit and philanthropic organizations. They provide valuable resources such as pro bono project teams, "on loan" executives and counsel that helps our work have the greatest possible impact. Read more... |
 RUSSELL INVESTMENTS NAMES MICHELLE SEITZ CEO
Russell Investments has named
Michelle Seitz CEO and announced that she will become chairwoman of the board effective January 1. Michelle joins Russell Investments following 16 years leading William Blair Investment Management (WBIM) and serving on the seven-person executive committee of William Blair, which has more than 1,400 employees and offices in 10 cities across four continents.
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ALIGNING WITH EXPO CHICAGO, THE PENINSULA CHICAGO ANNOUNCES EXHIBITION CELEBRATING ARTIST, ARCHITECT AND DESIGNER GAETANO PESCE
The Peninsula Chicago (
Maria Razumich-Zec) is presenting an exclusive art exhibition with works created by impresario artist, architect and designer Gaetano Pesce. The exhibition entitled, "What it is to be Human," aligns with the sixth annual EXPO CHICAGO, the International Exposition of Contemporary & Modern Art, taking place at Navy Pier (
Michelle T. Boone and
Marilynn Gardner), September 13 to 17, 2017, and the Chicago Architecture Biennial September 16 to January 7, 2018. The collection is open to the public and displayed in the hotel, September 11 to October 9, 2017.
"Known for celebrating thoughtful art within the hotel, it is our honor to display Mr. Pesce's works that provoke thought, emotion and dialogue," said Maria Razumich-Zec, Regional Vice President and General Manager of The Peninsula Chicago.
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SAVE THE DATE:
Chicago Hilton and Towers
Launch Pad:
8:00 a.m. - 11:15 a.m.
WIFL:
11:15 a.m. - 1:30 p.m.
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VIDEO HIGHLIGHTS:
Valerie Jarrett and the 28th Annual Women in the Forefront Luncheon
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VIDEO HIGHLIGHTS:
The 4th Annual Launch Pad for Women Senior Leaders Conference
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