Los Angeles Chapter Tom Murphy, RSM McGladrey

Los Angeles Chapter
www.financialexecutives.org
Financial Executives International Monthly Newsletter
March 2008
Tom Murphy, RSM McGladrey
Forging New Partnerships: How to Thrive in Today’s
Global Value Chain
The March 20 dinner meeting with feature Tom Murphy, RSM McGladrey, who will present “Forging
New Partnerships: How to Thrive in Today’s Global Value Chain.” Globalization has led to the supply
chain being replaced by the global value chain. Just producing a product to specification is no longer
enough. In order to produce value in every step of the chain, companies need to form partnerships
with their suppliers, service providers and customers in order to compete. Learn the obstacles and
risks of being a part of the new value chain and gain an understanding of the four key links in the
chain – global markets, innovation, workforce and financing. This presentation is the second of the
Small and Medium Manufacturers series, a report which was jointly developed and produced by the
National Association of Manufacturers, the Manufacturing Institute, and RSM McGladrey.
Tom Murphy oversees RSM McGladrey’s largest industry practice – manufacturing and wholesale
distribution. As industry practice leader, Murphy ensures delivery of high quality service offerings that
respond to the changing needs of midsized manufacturers, wholesalers and distributors. He joined RSM McGladrey in 2001. Prior
to joining the firm, he served as a chief financial officer for manufacturing and distribution companies based in the Midwest. Those
companies were in the pulp and paper, industrial parts, truck parts and aerospace industries.
Tom’s 25 years of manufacturing experience include strategy development and implementation, new product innovations, international operations and sourcing, company restructurings, production rationalization, and implementation of new technologies. His
current responsibilities include directing RSM McGladrey’s manufacturing and wholesale distribution national survey, which receives nearly 1,000 responses yearly from industry executives. The survey collects and reports on the status of the industry, challenges facing the industry, as well as best practices for competing in the global economy.
Our preferred method of receiving your reservation for the Dinner Meeting and Professional Development Seminar is via the website. Go to http://www.financialexecutives.org/eweb/startpage.aspx?site=ch_lan, click on “meetings & events,” click on the name
of the meeting you will be attending, click on “Register Now” at the top or bottom of the page. Alternatively, you may call the
Chapter’s voice mail at 213/243-7648, or email Susanne Truitt at susannetruitt@att.net. Susanne can also be reached at
562/818-1133. If you are bringing a guest please use the Chapter’s voice mail or email Susanne with your guest’s information.
Include your name, phone number, names of guest(s), their title, and company name. Please advise if a prospective member,
otherwise the $50 guest fee is applicable. Please speak clearly. Please bring a $50 check (payable to F.E.I.) per guest to the
meeting. Provide your guest’s name, company and contact information as early as possible so a name tag can be prepared.
PLEASE RSVP NO LATER THAN 10AM THE MONDAY BEFORE THE MEETING.
ON THE INSIDE
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President’s Message .............................. Page Two
Area Luncheons...................................... Page Two
Professional Development ....................... Page Two
Estate Planning Seminar ......................... Page Two
Advertising ............................................. Page Three
Career Services ...................................... Page Three
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Chapter Calendar ................................... Page Three
Magic Castle Day.................................... Page Three
Friends of the Chapter…………….. .......... Page Four
APRIL ISSUE DEADLINE:
Monday, March 24
Email copy to: Loren Miller at lorenjm@aol.com
Page Two
Financial Executives International
PRESIDENT’S MESSAGE
PROFESSIONAL DEVELOPMENT
Dear Fellow FEI Members:
The March Professional Development session presents Mark Davis
and Daniel Kravitz of Kravitz Davis Sansone, the largest independent
firm of retirement consultants headquartered in Southern California,
specializing in the design and administration of retirement plans.
We had a terrific meeting on February 21. At our Professional
Development session, Thomas Etzel of JPMorgan Chase gave
us an enlightening talk on the coming Single Euro Payments
Area (SEPA). This was a new topic for those of us who do not
live in the treasury world, and it was fascinating to learn about
this new development.
I knew that our dinner speaker, Chris Thornberg of Beacon
Economics, was going to give us his forecast for the economy.
Thus at dinner I asked him if he could give us a nice, upbeat
talk. I was aghast when he showed his first slide with the title,
“Recession Economics.” But Chris presented his forecast in a
convincing way, with lots of data, and with great energy and
entertainment value. If he is right, we will have some more
movement to the downside. But, as Chris pointed out multiple
times, the economy always recovers, eventually.
At our March 20 dinner meeting we will be trying something
new—a casual night. We will still be meeting at the Jonathan
Club, and you can wear business attire if you wish. But for once
there will be no need to wear either a jacket or tie. Our professional development meeting will still take place on the 4th floor
at 5:00. Then our cocktail reception and dinner meeting will be
on the 13th floor. We will be outside on the roof if it does not
rain. If the weather is poor, we will have our meeting inside.
Please let us know if you like the alternative venue. If you do,
we will have more casual nights. Details about the March programs are provided elsewhere in this newsletter.
We are now taking reservations (and money) for our Spring
social event on May 18 at the Magic Castle. Please get your
money in early, as this event promises to sell out. Please make
your plans to attend the national FEI Summit in Phoenix on
May 4-6. And please join one of our area luncheons on March
13.
After much discussion amongst our board members, we will be
moving to a unified billing system that combines national and
chapter dues. After the change is made, we expect that the
system will operate more smoothly with less confusion. We will
each receive only one membership invoice per year, which will
be due on your anniversary date of joining FEI. Look for more
details about this change in the near future.
I look forward to seeing you at an upcoming FEI event.
Sincerely,
Ken
Ken Merchant
President
The Directors and Officers of the Los Angeles Chapter of
Financial Executives International gratefully acknowledges
Robert Half Management Resources
for being the annual sponsor of the 2007-2008
Chapter Website and Chapter Directory
Many business owners are looking for larger tax deductions. Larger
companies are seeking a way to mitigate their Defined Benefit Plan
liabilities. Cash Balance plans may be the perfect solution. Given
statutory recognition by the Pension Protection Act of 2006, Cash
Balance plans provide businesses and business owners with an opportunity to reduce their tax bite while increasing their savings.
Come join Mark Davis and Daniel Kravitz as they share with you how
these plans work, the advantages of Cash Balance Plans and how
one might work in your company.
Mark A. Davis is a sixteen-year veteran of the retirement industry. He is an investment adviser representative for KDS working with more than
$1,200,000,000 in qualified retirement plan assets
as of September, 2007. Mark is a partner with
Kravitz Davis Sansone in Los Angeles. He has
earned the Accredited Investment Fiduciary designation from the Center for Fiduciary Studies as well
as the QPFC designation from the American Society of Pension Professionals & Actuaries "ASPPA."
Daniel Kravitz is president of Kravitz Davis Sansone
the nation's leader in the design, administration and
management of Cash Balance plans. He is also a
principal in Kravitz Davis Sansone, the Registered
Investment Advisory affiliate of Kravitz Davis Sansone. Mr. Kravitz oversees the smooth running of
all day-to-day operations. It is his responsibility to
ensure that all divisions stay focused on the company's primary goal: extraordinary customer service
achieved through leading-edge retirement plan design, excellent client communications and education, and delivery of accurate and
timely work products.
AREA LUNCHEONS
All members are encouraged to attend one of the area
luncheons on Thursday, March 13 at the addresses listed
below. Feel free to bring a guest and join members in an
informal exchange of ideas.
Downtown/Pasadena/Claremont/Glendale 12:00
Beckham Grill, 77 W. Walnut St., Pasadena
Information: Jerry Clark 626/674-1193
West Side/South Bay 12:00
Tony P's Dockside Grill, 4445 Admiralty Way
Marina Del Rey, CA 90292 www.Tonyps.com
Information: Mark Green 310/348-4276
Email: mgreen@ksea.com
San Fernando Valley 12:00
Nicola's Kitchen, 20969 Ventura Blvd., Woodland Hills
Information: Bill Sleeper 213/680-1230 x225
PLEASE BRING CASH TO PAY FOR YOUR LUNCH
Financial Executives International
Page Three
59 years of experience squeezed
into 7 years of FEI partnership.
1-888-400-7474 • roberthalfmr.com
Downtown Los Angeles • Pasadena • Woodland Hills • Westwood • Torrance
© 2007 Robert Half Management Resources. EOE
Best practices.
With considerably more practice.
877 525-3750
www.jeffersonwells.com
SAVE THE DATE: SUNDAY, MAY 18TH
MAGIC CASTLE
Join your fellow FEI members at the Magic Castle on Sunday, May 18th. Cost per person, including parking, is $50.
Information about showtimes will be provided soon. Since
we can only have 120 attendees, guests per member is
limited to one and attendance is first come, first serve. This
event will be our Annual Spring Social (in lieu of meetings).
We are grateful to Robert Half Management for sponsoring
the pre-dinner drinks.
Please contact Susanne Truitt for reservations and information at susannetruitt@att.net or 562/818-1133. Payment is
due at the time of your reservation.
ARE YOU IN BETWEEN JOBS OR THINK YOU MAY BE SOON?
The LA Chapter wants to help you obtain a new position. Here are
several ways we can assist you:
1.
Bob Havlik of our Career Services Committee receives jobopening notices from search firms and others. He forwards these
to FEI members on his email list. To get on Bob’s distribution list,
email him at havla@prodigy.net and put “Add my name to FEI
email list” in the SUBJECT line. To advise Bob of an opening,
please email him with the specifics.
2.
Attend Chapter functions and meet members and Friends who
may be aware of opportunities.
Internal Audit • Technology Risk • Tax • Finance & Accounting
Jefferson Wells International, Inc. is not a certified public accounting firm.
©2007 Jefferson Wells International, Inc. All rights reserved.
C
G
Professional Search & Project Consulting
March 27, 2008 Web Seminar. 2:00 PM ET (11:00 AM PT)
"Networking? Who has time for it?"
Los Angeles | San Fernando Valley | Orange County
We help you build your team
and performance capabilities:
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Recruiting The Right Professionals
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Completing key projects
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Executing interim roles
800.337.9675
www.century-group.com
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We all know that we should network regularly, not just when we’re in
a job search. But with today’s demanding jobs, how does one make
time for networking and still have time for family and friends?
This interactive* program will give you practical advice on:
•
•
•
KPMG LLP
355 S. Grand Ave.
Los Angeles, CA 90071
www.kpmg.com
Using your network to improve your productivity and performance
Combining leisure time with networking
Getting the most out of your networking time
This webcast is free to FEI members, $50 to non-members
and offers 1 Hour of CPE credit. For additional information
and/or to sign up for this webcast, please click on this link:
http://www.financialexecutives.org/eweb/DynamicPage.aspx?
Site=_fei&webcode=evt_basic_detail&reg_evt_key=a5b5b7eda7bb-479f-a6b1-e6ba0b628e21&PAYING=Fees
CHAPTER CALENDAR
ESTATE PLANNING SEMINAR: MARCH 8
FEI is holding an Estate Planning Seminar from 8:30 to
noon. Bring your spouse or significant other and join us for an
interactive discussion of estate planning strategies, techniques and
common mistakes. The main speaker will be Jeff Eisen, partner in
the Tax and Trusts & Estates Practice Groups at Mitchell Silberberg & Knupp LLP. Jeff’ specializes in estate planning, ERISA,
probate, tax and trust administration. He regularly represents beneficiaries, including charitable organizations, in contested or disputed trusts and estates. He is a popular speaker and frequent
author on trust and estate planning matters.
Mar 8
Mar 13
Mar 20
Apr 10
Apr 17
May 8
May 18
Estate Planning Seminar
Area Luncheons
5 pm PD Seminar Alexander Room. Mark Davis and
Daniel Kravitz of Kravitz Davis Sansone
6 pm Dinner Meeting Reagan Dining Room.
(Business Casual Night) Tom Murphy, RSM
McGladrey: “Forging New Partnerships: How to
Thrive in Today’s Global Value Chain”
Area Luncheons
Monthly meetings at JC
Area Luncheons
Spring Social: Magic Castle
FINANCIAL EXECUTIVES INTERNATIONAL
Los Angeles Chapter
1827 Ximeno Ave.
#131
Long Beach, CA 90815
2007-2008 Officers and Directors
President
Vice Presidents
Ken Merchant
Peter Allman-Ward, Frank Commons,
Ken Feinberg, Robert Havlik,
Lynne Shulim
Secretary
Loren Miller
Assistant Secretary Jerry Clark
Treasurer
Hernan Hernandez
General Auditor
Jon Myers
Directors
Fred Findley
Lucinda Hill
Dewey Norton
Jay Panzica
Ted Pe rrine
Roger Shockley
Roger Stephens
FIRST CLASS
ADDRESS SERVICE REQUESTED
FRIENDS OF THE CHAPTER
Friends of the Chapter membership is open to companies that maintain relationships with Chief Financial Officers and other senior financial
executives. Friends of the Chapter agree to send a senior representative to our dinners and meetings, and to bring a CFO or senior financial
officer from one of their clients who is not a member of FEI.
PLATINUM LEVEL
Robert Half Management
Resources
www.rhmr.com
Lauren Sullivan
626/463-2033
lauren.sullivan@rhmr.com
GOLD LEVEL
Century Group
www.century-group.com
Ron Blair
818/240-5200 X25
rblair@century-group.com
Jefferson Wells
www.jeffersonwells.com
Kimberly Maturino
310/228-1310
Kimberly.maturino@
jeffersonwells.com
KPMG LLP
www.kpmg.com
John D. Owens
213/955-8575
jdowens@kpmg.com
SILVER LEVEL
Analysis Team, Inc.
www.AnalysisTeam.com
Dave Stark, President
818/557-0396
dstark@AnalysisTeam.com
Bank of America
www.bofa.com
213/621-7198
Elisa Angeles
213/621-7198
elisa.angeles@bankofamerica.com
BDO Seidman
www.bdo.com
Shelly Slaugh Nahass
310/557-8561
sslaugh@bdo.com
Comerica Bank
www.comerica.com
Tom Kelly
562/590-2530
Thomas_R_Kelly@comerica.com
Deloitte & Touche LLP
www.deloitte.com
John Ruddell
213/688-3279
jruddell@deloitte.com
Ernst & Young
www.ey.com
Ian Eddleston
213/977-3304
ian.eddleston@ey.com
Fulbright and Jaworski LLP
www.fulbright.com
Greg Wood, Partner
213/892-9235
gwood@fulbright.com
PricewaterhouseCoopers
www.pwc.com
Dave Sohn, Partner
213/356-6000
Dave.sohn@us.pwc.com
Houlihan Lokey
www.hl.com
Marc Asbra, CFA
310/712-6527
masbra@hlhz.com
RSM McGladrey, Inc
www.rsmmcgladrey.com
Helen Young, Director
626/405-4232
Helen.young@rsmi.com
Kravitz Davis Sansone
www.lkravitz.com
Mark Davis
818/325-3020
mdavis@kdsadvisors.com
The Siegfried Group, LLP
www.siegfriedgroup.com
Michael Buchheit
LA/OC Market Leader
213/337-0242
mbuchheit@siegfriedgroup.com
Manufacturers Bank
www.manufacturers-ca.com
Mike Yadzyn
VP, Business Development
213/489-6315
myadzyn@manubank.com
Marsh Risk & Insurance
Services
www.marsh.com
Judy Bamberger Sr. V.P.
213/346-5035
judy.a.bamberger@marsh.com
Vaco Resources
www.vaco.com
Frances Moreno
Cell: 310/892-3101
fmoreno@vaco.com
Wells Fargo Bank, N.A.
www.wellsfargo.com
Jeffrey A. Heisinger
626/919-6619
Jeffrey.A.Heisinger@wellsfargo.com