Atlanta Executive Network News

August Edition

Mayoral Candidates Speak Out


Gloria Bromell-Tinubu

The Atlanta Executive Network is proud to host a forum at its August 16th meeting for the three leading candidates for mayor of Atlanta to discuss the issues of importance to the gay, lesbian, bisexual and transgendered community.

The forum will include City Council President Robb Pitts, former City Council member Gloria Bromell-Tinubu and former city administrator Shirley Franklin. All three candidates have actively sought the support of the gay and lesbian community and all three have attended past AEN meetings as guests.

Robb Pitts

This forum is one of the rare times this year that all three candidates have agreed to speak at one event. The debate will be moderated by Chris Crain, editor of Southern Voice. Audience members will have the opportunity to submit questions for the candidates.

Join us for this debate at our meeting on Thursday, August 16th at the Colony Square Sheraton at the corner of 14th Street and Peachtree Street.

Doors open at 5:45 PM for networking and the debate will begin at 7:00 PM. The door fee is $10 for members, $20 for guests and free for students.

Shirley Franklin

Candidates Web Sites


Gloria Bromell-Tinubu
http://www.gloria2001.com/

Robb Pitts
http://www.robbpittsformayor.com/

Shirley Franklin
http://www.shirleyfranklin.com/


And the Winner Is ...


by Carl Lange

Come October Atlantans will be experiencing déjà vu as we hear the announcement as to who will be hosting the next Games. No, it's not the Olympics, but something almost as big. The Gay Games VII. With an expected attendance of 20,000 athletes, 1,000,000 people and spending of 500 million dollars, Atlanta would not only recapture the attention as an international city of sports and culture, it would make a lasting positive statement of pride for its diversity.

And unlike the bid for the Olympics where Atlanta was a long shot, Atlanta has an exceptional change of winning the bid. AEN members and guests were privileged to see the remarkable work of the bid committee, Atlanta Games 2006, at the July meeting. Competing against Atlanta is Los Angeles, Chicago and Montreal. And it appears that Montreal is currently the only competition.

Thirty volunteers have worked over a year preparing the bid book, which is being reviewed by the Federation of Gay Games delegates. Support has come from the City of Atlanta, Atlanta Convention & Visitor's Bureau, Atlanta Sports Council, Emory University, MARTA, and the Olympic venues. The valuable experiences of these organizations obtained during the Olympics have been generously offered. Large corporate sponsors already include Coca Cola, Coors and Delta.

"I am aware of the continuing struggle of folk, from all walks of life to be allowed to work and live peacefully. There is a keen need to promote acceptance and to honor diversities that once kept people apart. I have personally fought those struggles and been witness to great changes that have brought us to where we are today. I can think of no better place than Atlanta, with its rich history, to be an example to the world that we can all live together with respect and acceptance."

- Andrew Young, Former Atlanta Mayor and UN Ambassador

The Gay Games began in San Francisco in 1982 with just over a thousand athletes from 12 countries. In less than two decades they have grown to be a global event. The 1998 Games in Amsterdam hosted 15,000 athletes 3,000 artists and 800,000 visitors from 68 countries on five continents, bringing together people from many cultures to experience the ultimate sense of community. And just like at the Olympics, world records have and will be broken as events are supervised in accordance with world governing bodies of the various sports.

The Gay Games welcomes all people without regard to their sexual orientation, gender, HIV status, race, religion, nationality, ethnic origin, political belief, physical ability, or athletic/artistic ability. By creating a safe and accepting environment, the Gay Games offers participants the opportunity to express themselves openly and to experience the camaraderie and validation of sport and culture. Individually, the experience can be a highlight of one's life. Collectively, one can experience the solidarity of community and celebrate the diversity and scope of the gay, lesbian, bisexual, and transgender community. Through the athletic and cultural events of the Games, stereotypes are challenged and barriers broken down. If Atlanta hosts the Games, they will begin around the time of Atlanta River Expo in June 2006 and run for two weeks through July 4th. One can only imagine the fireworks.

For more information and how to offer your support contact:

Atlanta Games
1579 Monroe Drive NE #610
Atlanta, GA 30324
(404) 577-GAME
http://www.atlantagames2006.org

 

                

Social Awareness Investing:
You Don't Have to Sacrifice Profits for Principles


by Frances H. Levine
Certified Financial Planner and Financial Consultant
Salomon Smith Barney
3333 Peachtree Road, NE
Atlanta, GA 30307

She may be reached by e-mail at frances.h.levine@rssmb.com.

Social Awareness Investing is an increasingly popular concept for investors who, like many AEN members, want their beliefs reflected in their portfolios. Originally, social awareness portfolios focused on avoiding "sin" stocks like alcohol and tobacco, but today the field has broadened to include a wide range of cultural and ethical issues from workforce diversity to foreign outsourcing conduct. Indeed, a recent study shows that nearly one of every eight dollars under management in the U.S. is part of a social investment portfolio. But how well do these portfolios perform?

The Good News: Social Investing Can Compete
The socially screened equity universe does differ from the market as a whole according to recent studies. It's slightly more risky. On average, socially responsible investment portfolios tend to hold somewhat smaller companies with stock prices that fluctuate slightly more than average for the Standard and Poors 500 index. The ratio of these stocks' prices to their earnings tends to fluctuate more as well. Additionally, socially screened portfolios typically avoid some economic sectors, such tobacco and defense, or may hold smaller proportions of sectors such as energy.

Fortunately, when you adjust the returns on socially screened portfolios to reflect their higher risk, studies indicate that the screening process neither hurts nor helps the portfolio. This means that it should be possible for experienced money managers to apply the same portfolio building techniques they would normally use to meet an investor's goals. There should still be a well-diversified range of investment styles and choices available after screening. In fact, the majority of medium and small companies "pass" social screenings and at least half of the 1,000 largest publicly traded U.S. companies also meet most social investment criteria.

Social Responsibility = Value Added
What makes socially responsible portfolio management so compelling is that companies that acknowledge and respond to cultural factors have greater potential to increase their bottom lines. For example, attending to issues such as workforce demographics and work-life arrangements can help a company decrease the threat of strikes or negative media exposure. Companies taking environmental issues into account might lower insurance costs, decrease waste disposal costs and increase the potential for product and quality enhancements. In fact, it can be argued that the companies most likely to profit from these trends are the ones that derive and drive strategic value from their social initiatives rather than merely meet policy and statute requirements. This corporate characteristic is usually not considered by asset managers when they analyze investment portfolios. Yet it may be an increasingly important element for successful investing.

The Dynamics of Applying Social Screens
As you might expect, each type of industry is likely to face different issues. A good portfolio manager will consequently emphasize the issues relevant to a particular industry's business performance when choosing companies for the portfolio. For example, the manager might feel that workforce issues are critical in technology and pharmaceutical companies because their value lies in the creativity, innovation and intellect of their employees. On the other hand, environmental and community issues might be more important when looking at natural resource companies such as forestry and energy. The best portfolio managers will not only consult publicly available independent research from sources such as trade and government publications, but they'll also seek first hand information by speaking directly and frequently with corporate management. Most importantly, they'll keep their ears to the ground to sense shifts in cultural issues due to legislative changes, consumer values, and other socio-economic conditions. Companies in a portfolio--or candidates for a portfolio--will continually be reviewed in light of these changing dynamics.

Choosing a Social Investment Manager
In their decision to select a social investment manager, AEN members should use the same principles that they would use in making any sensible investment decision. Three essential steps are: defining your investment objective and time horizon, determining your risk tolerance, and evaluating how an investment manager's style fits into your financial picture. Beyond these basic concerns, investors should research the portfolio manager's track record and how he/she screens for socially responsible companies. Factors to consider include:

  • Criteria are used in screening
  • Research sources are consulted, and to what degree they are considered unbiased
  • How the portfolio manager determines which issues to focus on
  • How much access the portfolio manager has to the company's management for direct dialogue.

Making the Socially Aware Investment Decision
If you believe that societal issues are becoming increasingly important business issues, and that companies which integrate these issues into their operations can positively impact their bottom lines and future growth, then you owe it to yourself to investigate social awareness portfolios. Ask your investment professional about the availability of social awareness portfolio management, or consult one of the many social investment websites on the Internet for more information. You can put your money where your conscience is.

Sources Cited

1. Social Investment Forum, 1999 Report on SociallyResponsible Investing Trends in the United States,November,1999
2. Kinder, Lyenberg, Domini & Co., The Domini 400 Social Investment Statistical Supplement, 2000
3. Luck, C. and N. Pilotte, Domini Social Index, Barra Newsletter #145, November/December 1992 4. Kurtz, L. and D. DiBartolomeo, "Socially Screened Portfolios: An Attribution Analysis of Relative Performance," Journal of Investing, Fall 1995.
5. "Integrative Investing," Green MoneyJournal, Spring, 1996
6. Smith Barney Asset Management, "Environmental Drivers and Shareholder Value," 1999. 7. Smith Barney Asset Management, "Workplace Drivers and Shareholder Value," 1999.
8. Aspen Institute, Uncovering Value:Integrating Environmental and Financial Performance, Aspen Institute, Washington DC, 1998.


Is Your Business or Career Going the Way You Want?


From Ann McAllister, Ph. D.
Coaching for Excellence

If the answer is no, maybe one solution is in the small things, the details. With all the competing demands in our lives, details are easy to overlook, yet so important. Those details can have far reaching effects. We may never become aware of the specific effects, but we will see it in how well our businesses or careers do over time.

The following are some important details that too often get overlooked:

1. Thank people whenever they do something for you or pay you a compliment. Acknowledge that you know they have extended themselves and that you appreciate it. People who feel unappreciated are unlikely to extend themselves again, send you referrals, become your customer or client, or go the extra mile as an employee. A simple email or voice mail message will sometimes suffice. Sometimes a card or letter or a face-to-face exchange is better. Saying thank you is important, even if what they did for you was not helpful. It is the intent that counts. Thank everybody, not just the "important" people. You never know who may be helpful to your business or career. There is a bonus in cultivating the habit of gratitude: your life becomes much richer.

2. Keep your commitments no matter how small. This lets co-workers, bosses, customers, clients, employees know that they can count on you. This is incredibly attractive and will keep 'em coming back for more. It is easy to be over-committed and then not be able to do what you agreed to do, but you will lose people that way. Be realistic about what you can and cannot do. And when you do make a promise, under-promise but over-deliver. That means committing to a deadline that is several days later than when you know you can deliver, or promising a quantity or quality less than you can produce. Then you deliver your project before the deadline or in a higher quantity or quality. People love being pleasantly surprised and feel as if they are getting added value. Promising less than you can deliver also gives you the leeway to accommodate emergencies or opportunities that pop up and still deliver quality in a timely fashion.

3. If you can't deliver as promised, keep people updated regularly on the situation and the progress you are making. This is true whether the problem is due to circumstances beyond your control or due to your own mistakes and poor planning. People do not like to be kept hanging. They will cut you a lot of slack if they know you are doing everything you possibly can to correct the situation. And the only way they can know that is to be kept in the loop. This can save relationships. For those who are perfectionists, you can still deal with mistakes. Accept that they are going to happen and deal with them superbly.

4. Make it a point to let people know they are important to you. Employee retention and customer retention are two of the biggest challenges facing businesses today. There are many inexpensive ways to let people know you appreciate them. For instance, remembering customers' or clients' birthdays. Send them a card and perhaps a small gift. Call them to see if they are pleased with your product or services and ask for suggestions about how you might do better. Recognize employees and reward them for a job well done. Give them a day off or a special parking space. The same principle applies to your relationships with co-workers, support staff, and your bosses. Cards, token gifts, taking them to lunch are simple ways to express appreciation. Paying attention to the details is an investment of time and energy that will pay handsome dividends. Remember, God is in the details Ann McAllister, Ph.D. Originally published on her website

 

 

Coming up...



Thursday, September 20
All candidates for City Council President have been invited for a debate

Tuesday, October 16
SPECIAL MEETING, SPECIAL DATE, SPECIAL GUEST


Oscar winner Jane Fonda

 


Special Thanks to Our Sponsors

— and —

David Payne
Carl Lange
Frances H. Levine
Ann McAllister, Ph. D.

If interested in contributing to the AEN Newsletter, please contact the office at 404-724-9008.

Board of Directors

Ronald Moore
Steve Koval
Joe Guthridge
Ann McAllister
Bonnie Barton
Carl Lange
David Payne
Jamie Ensley
Sandy Hoke
Gregory Nance

 
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