Business News Briefs

Staff Reports

Panera Bread’s Bear Claw for a Cause campaign

WHAT: Panera Bread’s Bear Claw for a Cause campaign

WHEN: Monday, May 22 through Sunday, June 11

WHERE: Participating Panera Bread bakery-cafes in Columbus, Ohio

WHY: Panera Bread, long-time supporter of the Memorial Tournament’s Bears for Nationwide Children’s program, will host its “Bear Claw for a Cause” Campaign in support of the Memorial Tournament Neonatal Intensive Care Unit at Nationwide Children’s Hospital.

On Monday, May 22 through Sunday, June 11, Panera Bread is inviting community members to purchase a Bear Claw at local participating Panera Bread bakery-cafés. A portion of the proceeds from all Bear Claw sales will be donated to Nationwide Children’s Hospital. Community members can also add $1 at the register to support the cause.


Bear Claw’s will be available at participating Panera Bread bakery-cafes in Columbus and Central Ohio Monday, May 22 through Sunday, June 11

A portion of the proceeds benefits Nationwide Children’s Hospital

One Bear Claw is $2.59

One dozen is $31.08

Half dozen $15.54

Moe’s Original Bar B Que Set to Open May 30 in Newark

With a successful restaurant already in Granville, Moe’s Original Bar B Que will open its newest location on May 30th in downtown Newark, just off the square at 21 W. Church Street. Moe’s original style of Alabama BBQ, Southern sides and fresh desserts will be the staple items along with seafood and tempeh options. Opening Monday-Saturday for lunch and dinner starting at 11am, the fast casual restaurant also will offer large party takeout orders and full service catering.

“We thought with all of the revitalization downtown that Newark was a perfect spot for our second family-friendly restaurant,” said co-owner Kara Gallagher. “We even have a Mini Moe’s area complete with a shack, little picnic table, and flying pigs on the wall to keep the kids entertained while the parents can enjoy a cold beverage from our full premium bar.”

Recognized with many awards, Moe’s Original Bar B Que has been named one of the Top 10 Rib Joints in the U.S. by Relish and Top 10 BBQ Chains in America by USA Today and The Daily Meal. Moe’s Original Bar B Que features award-winning pulled pork, ribs, wings, turkey and chicken smoked over hardwood served along with Catfish and a Shrimp sandwich. Additionally, a daily rotation of traditional sides and house-made desserts are prepared fresh from recipes passed down for generations. In over a decade Moe’s Original Bar B Que has grown from a junkyard pit to over 50 successful restaurants in 16 states.

Why Investors Should Care about the CEO’s Marriage

CEO coach weighs in on why the board should care about their CEO’s personal life

A study from the National Bureau of Economic Research shows that CEOs who are not married make more aggressive and volatile choices as leaders than their married peers do. The research shows that investing in firms led by an unwed CEO is a riskier investment than investing in firms with a married CEO.

However, one CEO coach is now saying that the quality of a leader’s marriage should also be closely considered by investors.

Krister Ungerboeck, CEO of leadership-development firm Courageous Growth, says, “Research shows that being married is good for your career, as it comes with higher paychecks and increased promotions. However, if your marriage is faltering, it’s going to take a huge toll on your performance at work, especially if you are the CEO.”

Ungerboeck believes that wise investors should care if their CEO’s marriage is on the rocks, and his personal experience coaching CEOs with failing relationships bears that out.

The CEO coach says, “I have witnessed the toll that a divorce can take on a CEO’s focus and their ability to be present and forward-thinking while on the job. Many leaders make a last-ditch attempt to spend more time at home and focusing on their marriage, so not only are they not emotionally present, they are also physically absent as they spend more time in counseling or on family vacations. Sadly, it’s often too little, too late, and the CEO then becomes further distracted by divorce proceedings and custody issues.”

Ungerboeck also notes that when a CEO’s marriage fails, it could spell trouble for the investors in more concrete ways as well. “Let’s say the CEO in question is a founder who owns 30% or more of the shares. A divorce can force a CEO to add an unfriendly shareholder – their soon-to-be-ex spouse— or they may have to divert time away from growing the business in order to do fundraising to buyout their ex during a divorce settlement.”

What does Ungerboeck suggest investors do?

“Look, you can’t pry into your CEO’s marriage and ask them to reveal their dirty laundry,” says the CEO coach, who is also the former CEO of a 3,000% growth company. “However, you can help to encourage a strong work/life balance, and you can help to encourage a family-friendly culture where spouses and children are seen as a vital part of the organization. You can also include perks like on-site counseling or exercise centers to help motivate people to make healthy habits and de-stress before they head home. The goal is to create a workplace environment that encourages positivity and mindfulness, both on the job and at home.”


COLUMBUS – For the first time in Ohio history, the Ohio Department of Public Safety (ODPS) has turned its efforts towards providing businesses with resources and information proven to deter and respond to attacks as well as survival resiliency in the event of an attack. In partnership with The Ohio Council of Retail Merchants (OCRM), ODPS launched the My Safer Ohio Business clearinghouse for Ohio businesses to better protect their customers, employees, and property, particularly in light of recent attacks by individuals and small groups on people in and around businesses. Tools include layered physical security, cyber security hygiene, and information previously shared only with governmental entities.

“The Ohio Council of Retail Merchants, representing over 7,500 members statewide, is excited about this partnership with the Ohio Department of Public Safety,” said ORCM President and CEO Gordon M. Gough. “We feel that this resource will provide our members with critical information to not only help protect their businesses, but make it easier to access key state services. Today we have provided all our members with details regarding the My Safer Ohio Business clearinghouse.”

This partnership will open the door for businesses to have simple access to a wide variety of resources, safety tools, and information in order to aid in their development of emergency plans, training, communication and collaboration. Programs such as the Ohio Public Private Partnership, Emergency Partner Credentialing System as well as a wide variety of templates are now available for all businesses in one central location.

“Partnerships are key to success,” said ODPS Director John Born. “The goal of this partnership is simple; create a stronger, safer and more resilient state of Ohio.”

Partner organizations will also have the ability to submit and share topical information and resources through the clearinghouse.

The My Safer Ohio Business clearinghouse can be found at:

Mayor, County Commissioner Release Statements on Walmart’s High Cost of Crime Calls

“The amount of time our court personnel spend on Walmart crime is staggering.”

COLUMBUS – The 2017 Expose Walmart Tour made its 14th stop in Columbus to expose Walmart’s offloading of security costs onto local taxpayers.

Whitehall, Ohio Mayor Kim Maggard issued the following statement on behalf of the tour’s arrival:

“Unfortunately, the lack of attention to the amount of in-house security at the Whitehall Walmart has and is continuing to cause stress upon municipal services. The amount of manpower our police officers devote to Walmart stresses the city’s ability to provide quality services to other businesses and our residents. Not only does it stress our safety services, the amount of time our court personnel spend on Walmart crime is staggering. Instead of expecting our police officers to provide security, it would be much more beneficial for Walmart to invest in hiring an adequate number of professional security manpower to contend with the problem they have caused.”

The 2017 Expose Walmart Tour also touched on the low wages, high turnover, and lack of adequate benefits for Walmart workers across the U.S.

Franklin County Commissioner Marilyn Brown issued the following statement with regards to Walmart’s low wages and the importance of good community employers:

“Here in Franklin County, we depend on responsible employers to offer workers good paying jobs in return for an honest day’s work. We must insist that all employers offer safe and fair treatment to every employee and benefits for full-time work. To accept anything less is to sell our residents short.

We must demand this from conscientious employers so that workers can support themselves and achieve a decent quality of life. It is not acceptable for employers to balance their bottom lines by exploiting public funds. We cannot accept the notion that employees are paid so little that they should depend upon food assistance to feed their families.

I believe that Walmart needs to step up.”

Making Change at Walmart, the organization behind the 2017 Expose Walmart Tour, found that the Walmart located at 3657 E Main Street in Whitehall, OH received 1,099 police service request calls in 2016, an average of three calls per day. The Walmart at 2793 Taylor Rd in Reynoldsburg received approximately 624 calls last year. These excessive calls drain taxpayer-funded police resources.

The tour plans to stop at over 30 cities leading up to Walmart’s annual shareholders meeting in Fayetteville Arkansas on June 2nd.

Payments in the US undergoing evolution, not revolution, says Cleveland Fed policy advisor Daniel Littman

Nevertheless, “faster payments” system may accelerate changes in the payments landscape

Much attention is being paid to new ways to make and receive payments, such as chip-equipped credit cards, contactless debit cards, mobile wallets, and two-dimensional barcodes carried on smartphones. According to Federal Reserve Bank of Cleveland policy advisor Daniel Littman, these new payment methods, while innovative, are not revolutionary because they use legacy payment networks for payments instructions and settlement.

Cash remains the payment product used most often by consumers, representing one-third of all consumer transactions in 2015, according to the Federal Reserve’s Diary of Consumer Payment Choice. But Littman says cash use is declining in relation to other payment types. According to the Federal Reserve Payments Study 2016, on an average day in the United States in 2015, consumers, businesses, and governments made nearly 400 million noncash payments with a total value of $487 billion. The largest non-cash transaction type in 2015 was debit cards.

While the number of paper checks processed declined from a peak of nearly 50 billion per year in 1995 to the 2015 estimate of 17 billion, a 65 percent reduction, the number of debit card transactions rose from about 9 billion in 2001 to almost 60 billion in 2016, an increase of more than 600 percent.

Littman notes that a number of countries around the world have implemented some version of a new payment network labeled “faster payments” or “real-time payments.” “These are networks that in their purest form allow payments to move in an instant from one party to any other party and, in several cases, operate 7 days a week, 24 hours a day,” says Littman. He says such faster payments networks, now under construction in the US, should become available to end users by the end of 2018.

While a revolution in payments doesn’t appear on the horizon, Littman says the United States is due for continuing evolution. “Faster payments will not drive any of the legacy payment products to extinction in the foreseeable future, but the experience in other countries with real-time payment systems suggests that faster payments will reduce the growth rate of ACH and accelerate the decline of checks and cash. Faster payments will also improve convenience, certainty of payment, and security for end users,” says Littman.

Staff Reports