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I once knew a man who worked for a major oil company. He managed a large wholesale territory that sold fuel and oil products to airlines and other big accounts. Some years ago, the company decided to pull out of his territory. They offered him the opportunity to buy the wholesale business “for a song,” which he readily accepted. He worked diligently and set specific financial goals for his company. He committed these goals to writing on 3x5 cards and kept them in his shirt pocket so he could frequently review them. Everything he did with that business was aimed at fulfilling these goals.
It’s been twenty-five years since BYU’s School of Management was rechristened in honor of J. Willard and Alice S. Marriott. To celebrate the silver anniversary, seven couples recount how their time in the Tanner Building paid the ultimate dividend: a life of wedded bliss.
It’s striking that even in 2013 more than one billion people around the world live in conditions with no access to electricity. That means they have no heat for their homes and nothing to cook their food on. They do not have the ability to clean their water or to refrigerate medicines. They don’t have hospitals.
When advertisers think right, they’re right on.
I was very fortunate to attend Brigham Young University. I graduated with a master’s degree in accounting, and I’m not sure I was really aware at the time of what a great education I had received. When I entered BYU I wanted to play football, but once I began taking accounting and business classes at the Marriott School, I realized I had much better prospects in accounting.
The perks and quirks of office friendships
It’s not all about touchdowns for BYU’s football team, though you’d never know it judging by last year’s knockout season—or the past four seasons, for that matter. During the past four years, the Cougars have won forty-three and lost nine, a record surpassed by only four other schools in the country.1
In my fifty-four years in business I have studied leadership and have been anxious to learn why people are successful. I believe strongly that everyone who wants to be successful will be.
You know you’re in Hong Kong when you smell it. First, it’s flowery-sweet, popcorn-esque jasmine rice. Next, it’s incense from the factories that line the coast just to the north.
Inside the Tanner Building they’re professors who teach finance, ethics, marketing, accounting, and a host of other subjects. But, have you ever wondered what these notable professors do in their spare time?
In an episode of M*A*S*H, Colonel Potter is called to Seoul and leaves Hawkeye in charge. Hawkeye, who instinctively challenges authority, experiences what it’s like to be in charge, and on several occasions, he oversteps his authority. When Potter returns, he sits down with Hawkeye and B.J., who are feuding about B.J. violating one of Hawkeye’s orders. Potter lets the two surgeons go at each other and remains quiet until Hawkeye tries to enlist his support. “Why aren’t you helping me?” Hawkeye asks. “You should be in the middle of this. You’re the commander.”
In a recent conversation with President Gordon B. Hinckley, I described a difficult decision I had made at work—one I should have made sooner. “President, I just wish I were smarter,” I confessed.
This is the second of a five-part personal financial planning series sponsored by the Peery Institute of Financial Services. The next installment, addressing property, casualty, and health insurance, will appear in the Summer 2005 issue.
Second-year MBA students have the opportunity to manage the Marriott School’s $1.4 million stock portfolio—and although it’s called the Silver Fund, it mostly sees green.
Lessons from Joseph Smith, Lehi, and the Recent Accounting Scandals