by Jon W. Sparks
The way Downtown is getting gussied up, you’d think there’s a bicentennial on the way. In fact, the 200th anniversary of the founding of Memphis by John Overton, James Winchester, and Andrew Jackson is coming in 2019 and if they could see it today, the old entrepreneurs would be astonished at what’s on the bluff. In this issue, we look at three aspects of Downtown development and what the impact is going to be.
First is the expansion of St. Jude Children’s Research Hospital a third of the way into its ambitious six-year strategic plan to conquer pediatric cancer. Work that has been done, is underway, and is planned, both on and off campus, is changing everything from nearby neighborhoods to genetics on a global scale.
A bit further south, the once lively but lately moribund Peabody Place is coming back stronger than ever as headquarters to ServiceMaster. The move into one building from various properties out east brings some 1,200 employees to liven up the Downtown scene every day.
Then we have the South Main area, which can’t seem to stop building apartments, condos, and lofts to meet the demands of millennials as well as empty nesters. But is it growing too fast?
Successful CEOs Find Opportunity Among the Obstacles
by Richard J. Alley
The country has just gone through one of the things that makes our nation great — change. The peaceful exchange of power every four or eight years is a tenet that sets us apart from so many other governments around the world. It is a benchmark for how we should conduct ourselves in business, politics, and social situations. We can disagree, we can advocate for our own ideas and philosophies and visions, but in the end compromise and mutual respect always win out.
As America’s office of CEO was changing hands, we were wrapping up this issue of Inside Memphis Business, our CEO of the Year Awards issue. I delighted in reading the profiles put together by Jon Sparks, and learning just what it is that makes each of these four people tick. And one thing stands out among them, as I’m sure must stand out for anyone in a leadership position — the enthusiastic embrace of change.
Letter from the Editor
by Richard J. Alley
I’m writing this letter right on deadline, just as we’re preparing to send the pages off to the printer. I had a letter ready to go, but it went out the window, flew away sometime around midnight last night as the presidential election results began to shine a light into a darkened corner of the electorate’s psyche that I never would have guessed was there. This morning confirmed what I’d hoped was just a bad dream.
by Richard J. Alley
It’s a good time to be alive. A latte is to be had on nearly every corner and I just realized the other day that I can operate my Roku streaming device through an app I downloaded on my phone. Thanks to innovation, television remotes are things from the century past.
In The Rise and Fall of American Growth: The U.S. Standard of Living Since the Civil War, author Robert J. Gordon contends that the breadth of innovations in the hundred years from 1870 to 1970 will never be duplicated. And he has a good case on his hands. He begins by stating that in the century following the Civil War, “daily life had changed beyond recognition. Manual outdoor jobs were replaced by work in air-conditioned environments, housework was increasingly performed by electric appliances, darkness was replaced by light, and isolation was replaced not just by travel, but also by color television images bringing the world into the living room. Most important, a newborn infant could expect to live not to age forty-five, but to age seventy-two.”
The latest articles from the print version of Inside Memphis Business — plus excerpts from our weeklyTip Sheet.
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