Kirk Sanford Business Week: The New Boss is Younger Than the Old Boss

The History of Vegas Tour

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Las Vegas Neon Boneyard

Take a stroll through a museum focused on the glittery past of Las Vegas. (04:19)

At the Neon Boneyard, tour a collection of neon signs dating to the 1930s and learn about Vegas along the way. From the original Silver Slipper sign to the famed Golden Nugget marquee, you’ll feel transported back to the Vegas of Sinatra’s day. (05:24)

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Benefits of the Maestro Card

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BJ Adams has a Bachelors in English Literature and a passion for travel. A freelance blog and web writer, BJ has published numerous pieces on travel and tourism around the world.

Kirk Sanford Business Week: The New Boss is Younger Than the Old Boss

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Kirk Sanford Business Week: The New Boss is Younger Than the Old Boss

Posted: Sep 18, 2010 |Comments: 0
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The New Boss: Younger Than the Old Boss

Nearly 100 public-company CEOs in the U.S. are 40 or younger. Here they share war stories and tips on how to get to their position.

Kirk Sanford started his business career at age 24, running a start-up processing company selling debit card terminals to mom and pop retailers. He went on to launch Global Cash Access in partnership with Bank of America and First Data Corp. In 2006 at age 39, he was chief executive of Global Cash Access (NYSE:GCA), a Las Vegas (NV)-based gaming company with .36 billion market cap company.

Meet the new boss, younger than the old boss and is is one of approximately 140 executives age 40 or younger who are chief executive officers of publicly traded companies around the world, according to data compiled by Capital IQ. Of these, nearly 100 are located within the U.S., while another 40 or so lead companies headquartered in other countries. The youngest, Harry Vafias, CEO of StealthGas (GASS) in Athens, Greece, is only 28.

For generations, the corner office has been the domain of experience, occupied in literature and film by crusty old-timers like Ebenezer Scrooge or It’s a Wonderful Life’s Mr. Potter. In more recent decades, investors grew accustomed to fresher faces, as such young visionaries as Microsoft’s (MSFT) Bill Gates and Apple’s (AAPL) Steve Jobs helped lead the 1980s personal-computing revolution. Now, a new generation of 40-and-under CEOs offers proof that today’s young entrepreneurs can scale the corporate ladder, too.

Tech Ladder

The tech sector may still be the quickest road to the top. More public-company CEOs age 40 and under lead organizations involved in technology products or services than work in any other industry. These companies range from online travel publisher Travelzoo (TZOO) to semiconductor materials provider Cree (CREE) and software maker Borland (BORL).

A tech background can also help executives in related businesses, such as retail. Michael Soenen, 36-year-old chief of flower seller FTD (FTD), recalls becoming CEO of his company’s Web division in 1999.

“Internet CEOs were young by nature, and the success we were having made me a logical choice,” Soenen explains. “Having run that business successfully, becoming CEO of FTD Inc. was a natural extension for me.”

Many of the youngest CEOs achieved their position by launching their own companies from scratch. “If you really want to be a CEO at a young age, start a company and call yourself a CEO,” says David Liu, who recently turned 41 but has been CEO of wedding information Web site The Knot (KNOT) since age 30.

Experience Can’t Hurt

Sometimes the hardest part may just be getting started. “You can’t wait until you know all the answers,” says 36-year-old Taser International (TASR) CEO Rick Smith, who started his stun-gun operation in a garage at age 23. “You never will. When your gut tells you there’s an opportunity there, you have to take it.”

Others suggest seeking out a broad range of experiences en route to the corner office. Jonathan Huberman, now 41, became CEO of Zip-disk storage device maker Iomega (IOM) earlier this year at age 40, following stints in tech, management consulting, venture capital, and hedge funds. “Look for diversity of experiences, because to be a CEO you need to be able to understand and set strategy for every facet of the business,” Huberman says.

While it’s never easy to be a CEO, for those 40 and under it can be even more challenging. “It changes your life top to bottom,” says Jordan Greenhall, 35-year-old chief of digital video compression software maker DivX (DIVX). “Not as much as having children, but in that same zone.”

Ready for Risk

And like having children, CEOs typically say the job is worth any sleepless nights. “I have to say I really love it,” says Kirk Sanford. “I thrive on the fast pace and excitement in running a fast-growth, successful company.”

The people who become CEO at a young age are increasingly unafraid to take risks, notes Peter Cappelli, a management professor at the University of Pennsylvania’s Wharton School. “They’re willing to look for opportunities to stand out,” Cappelli explains. Still, he cautions that bigger appetites for risk may have unwanted consequences, citing the Enron scandal.

Today’s young CEOs are likely to have a better understanding of technology and globalization than did the bright up-and-comers of decades past, adds Michael Feiner, a management professor at Columbia University Graduate School of Business and author of The Feiner Points of Leadership. “The biggest challenge is the leading-people piece,” Feiner says. “It takes a while for even really smart CEOs to understand it’s people first, strategy second. That comes from experience and mistakes, and I don’t think there’s a shortcut.”

Passion Projects

Meanwhile, new CEOs are taking on the mantle at a time of unprecedented turnover. Corner-office job changes this year are on pace to top last year’s record 1,322 departures, according to Chicago consulting firm Challenger, Gray & Christmas (see BusinessWeek, 10/30/06, “The Great CEO Exodus”). Such big-name companies as Bristol-Myers Squibb (BMY), Ford (F) and Viacom (VIA, VIA.B) were among those making CEO switches in 2006.

Ultimately, a CEO of any age needs to have a passion for the job. “You can have all the products and packaging and scale that you need to perform, but really none of that takes you any place if you don’t have the right attitude about the business,” says Mariner Kemper, 34-year-old head of Kansas City (Mo.)-based financial services company UMB Financial (UMB).

The best CEOs grow into the position because they followed what excited them, not because they set out to become CEOs, adds Mark Vadon, 36-year-old chief of online jewelry retailer Blue Nile (NILE). “Do something that you really love doing,” Vadon advises. “If you’re not doing something that you really like, you’re not going to be that successful at it.”

Click here to see the list of 40-and-under CEOs of publicly traded U.S. companies.

Hogan is a reporter for BusinessWeek.com in New York.

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Kirk Sanford -
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After retiring from GCA in 2007, Kirk Sanford founded Sightline Payments in 2009 to raise gaming-transaction products to a new level again, while also making them available to casinos at a lower cost than over-priced systems already in use. The chief executive officer and president of Sightline Payments assembled his prior GCA executive team – including executive vice president of business development Tom Sears and executive vice president of sales Diran Kludjian. It will be interesting to see how they do against their former company, but Sanford states he hates losing more than he likes winning.

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After retiring from GCA in 2007, Kirk Sanford founded Sightline Payments in 2009 to raise gaming-transaction products to a new level again, while also making them available to casinos at a lower cost than over-priced systems already in use. The chief executive officer and president of Sightline Payments assembled his prior GCA executive team – including executive vice president of business development Tom Sears and executive vice president of sales Diran Kludjian. It will be interesting to see how they do against their former company, but Sanford states he hates losing more than he likes winning.

All The Secrets Behind Pre Marriage Counseling

Friday, December 24th, 2010 at 1:37 am

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All The Secrets Behind Pre Marriage Counseling

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Almost all therapists are strongly recommending pre marital counseling. Getting married without pre marriage counseling can be risky; the couple’s goal is to be really happy in the long run. Professional, skill based pre marriage counseling reduce the risk of divorce and lead to a happy marriage; it can also reduce the stress of the pre wedding period and ensure the partners that their dreams of a happy marriage can be realized.

Pre marriage counseling is preparing the partners to strengthen their relationship, to improve their communication skills and prepare constructively for future challenges and problems that everyone face in a life time. Pre marriage counseling is binging fresh positive energy in a relationship; the months before the wedding are the best time to get the optimum benefit from marriage preparation. After the wedding, under the inevitable stress, negative habits may become established and become much harder to avoid.

After the wedding, couples must face more requirements and have less support than ever. The partners must manage two careers, rear children and these activities must be based on very strong, well-established communication skills. The partners must know how to collaborate to maintain mutuality and set goals. Many individuals are feeling overwhelmed by time pressures and stress. Problems are intruding more easily than people realize; those who grew up with unhappily married or divorced parents must find that they have unrealistically expectations and may become unhappy. Pre marriage counseling may avoid these situations.

Pre marriage counseling is an immunization function that boosts the partners’ capacities to handle potential difficulties. Couples who do receive marital counseling get it from their religious adviser; there are communication skills programs, assessment inventory too to educate engaged couples in the habits, and skills that lead to happy enduring marriages. Pre marriage counseling is education, not therapy; it can be considered as career counseling. Pre marriage counseling is teaching how to resolve the common problems that every couple must face in a life time. People consider pre marriage counseling a common place, as test preparation or driver’s training.

Pre marriage counseling give people the benefit of a supportive environment, the skills to deal with the problems a marriage can have during a life time. The couples will acquire real expectations, real knowledge of partner and self to face the challenges of a happy relationship. Professional therapists are presenting a list of skills and knowledge areas, essential to endurance of marriage. Communication skills, compatibility, long term goals, conflict resolution, expectations, intimacy and sexuality and personalities must be covered by successful pre marriage counseling.

When a couple decides to attend a pre marriage class, the small groups must be the first choice, because they can be engaging and personalized, involving and stimulating. Conflict resolution, goal setting skills and communication are presented to give the couple the best way to resolve the marriage issues. Pre marriage counseling is also offered on line. There are some important web sites presenting professional pre-marriage counseling programs, wedding information too.

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Learn more about marriage counseling books by visiting our free site. You’ll also learn about what happens at marriage counseling

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If you are looking for a unique wedding gift, consider a personalized photo pillow. It is a great way to show you care enough to come up with something out of the ordinary that was made just for them. There are many styles to choose from. It is up to you to decide if you would like a delicate pillow of satin and lace or a sturdy durable pillow of cotton or canvas.

If you have never seen a personalized photo pillow, you are in for a treat. They are simply amazing. The photograph can take up the entire side of a pillow or the pillow can serve as a sort of frame around the picture. The process of applying the photograph is high tech and produces a picture of outstanding quality.

Obviously you want to select a photograph that portrays the couple in a flattering pose. Outside of that there is no limitation on the background or amount of colors you can include. The photo on the pillow will be an exact duplicate of the photo you submit to the company.

You can also choose to personalize both sides. The back side can have their names and date of the wedding or a poem or personal note from you. You can also make the picture on the front smaller and include the wedding information below the picture. Since this is a personalized item, it is totally up to you how to design it and this is what makes a personalized photo pillow so special as a wedding gift.

Another good idea is to have your pillow made of a durable fabric and present it to the couple at the reception with a water proof marker. Everyone at their wedding can then sign their personalized photo pillow. This will be a gift the happy couple can cherish for years to come.

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Jennifer Flanders -
About the Author:

Jennifer Flanders is a staff writer at Wedding Digest and is an occasional contributor to several other websites, including Matchmaking Guide.

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My Very Own Signature Wedding Platter

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My Very Own Signature Wedding Platter

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It happened. My sweet prince came and swept me off my feet. He gave ma a ring and the wedding day is set, but now the panic sets in. I have a whole wedding to plan! I have been waiting for this day my whole life and I’m not going to mess it up. Let’s see . . . I need to pick a dress, my wedding colors, flowers, centerpieces, register for gifts, send invitations, plan the meal, pick bridesmaids, pick a reception hall, pick a minister. . . the list was getting longer by the minute. How could I ever get everything done in time? I know, I’ll call my dearest mother. Moms always know what to do. They know best after all; well, sometimes.

As soon as I called her, things started to fall into place. She was so happy for me and my husband-to-be. “This is going to be a perfect day,” she told me. The first thing we did was go shopping. What better way to kick things off? We went everywhere we could think of looking for ideas of what we wanted. We found things we liked, hated, and things that just made us laugh. One thing was certain, I wanted a traditional wedding, but wanted my own personal style to show through.
As the planning progressed, I started to think about how I wanted to remember this perfect day I was planning. I’d seen the traditional guest books, but thought they looked a little old-fashioned and besides, it would end up in a box somewhere and never be looked at again. Soon I was on a mission – a mission to find the perfect memory keeper. As I was searching the internet one day, I found it. I found the perfect solution to my problem – As You Wish Pottery.

They have the most wonderful wedding platters. They are beautifully hand-painted, personalized with your unique wedding information (my name, my husband’s name and the special, sacred date) and you can buy a special pen so that your guests can sign them. My only question was regarding how long the pen’s ink would last on the slick ceramic surface. Then I was so excited to find out that there is an extremely easy baking process to permanently seal in the signatures forever.
It was just what I was looking for. I just had to get it!

Finally the big day arrived. Everything went perfect. Okay, there were a couple of little things that went wrong, but perfect enough. One thing I know is that I will never forget who was there to share my perfect day with me. I won’t tuck their names away in a book somewhere where I will forget about it or lose it. I have my platter to display proudly. Every time I pull it out, it reminds me of that wonderful day. When I read the names, it helps me to remember those little memories of the day. Each name has a story and brings a smile to my face. I am so glad that I found this treasure.

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Mrs. Johnson -
About the Author:

Mrs. Johnson is an active stay-at-home wife and mother who found super cute wedding signature platters at www.AsYouWishPottery.com. Niche Karma B2B Internet Marketing

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I have signature autographs from herb reed and the platters,count basie how much are these worth

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