Legislative Bulletin

MARCH 16, 2001

NCCBI's 59th Annual Meeting is coming up this Wednesday
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G
ov. Mike Easley will be the luncheon speaker and New York investment manager Julian H. Robertson Jr., the founder and chairman of Tiger Management LLC, will be the dinner speaker at NCCBI's Annual Meeting this Wednesday at the Raleigh Civic and Convention Center. A crowd of more than 1,000 is expected for the event, which will include seminars and a trade show. 

We hope to see every NCCBI member at the Annual Meeting. You should have reserved your tickets by now using one of the brochures we mailed (twice!) to every member company. But it's not too late. Call us at 919-836-1400 between now and Wednesday, or just show up at the door with a credit card or a checkbook, and we'll make sure you have a good seat.

Dinner speaker Robertson, 67, grew up in Salisbury, graduated from the Episcopal High School in 1951 and four years later earned his degree in business administration from the University of North Carolina at Chapel Hill. After a two-year stint in the Navy, Robisnon (left) headed to Wall Street, eventually becoming chairman and CEO for Webster Management Corp., a subsidiary of Kidder Peabody.

Robertson founded Tiger Management in 1980 and has since been one of Wall Street's true high-stakes players, building Tiger into the world's largest hedge fund group and turning huge profits for investors such as author Tom Wolfe and songwriter Paul Simon. As recently as 1998, Tiger had $22.8 billion in assets, and had compounded investors' money at 32 percent annually for nearly 18 years. The company wasn't immune, however, to the downward spiral in the market, and Robertson announced last March that Tiger was returning capital to investors.

Despite the decline at the end, Robertson's 20-year track record was spectacular, generating 25 percent in annualized returns and outperforming the S&P by 7.5 percent over the same period. Today, Tiger stills maintains a 23 percent ownership in USAirways, representing Robertson's single largest stake.

Last fall, he and his wife Josie, a member of UNC's Board of Visitors, pledged $24 million to traditional athletic rivals UNC and Duke University to create a pioneering collaborative program that will recruit and support extraordinary undergraduate students who will study at both campuses. The program is called The Robertson Scholars Fund.

At the Annual Meeting, NCCBI will present its two highest honors to the state's senior U.S. senator and to a man who has enjoyed remarkable careers in the private and public sectors.

Sen. Jesse Helms, who has represented North Carolina in the U.S. Senate for 28 years and who currently serves as chairman of the powerful Senate Foreign Relations Committee, will receive the Citation for Distinguished Public Service.

Sen. Helms was first elected to the Senate in 1972 after a varied business career. He was executive vice president, vice chairman of the board and assistant CEO of Capitol Broadcasting Co. in Raleigh from 1960 until his election to the Senate. From 1960 until he filed for the Senate, Helms wrote and presented daily editorials on WRAL-TV and the Tobacco Radio Network. His editorials were printed regularly in more than 200 newspapers throughout the United States. They were broadcast by more than 70 radio stations in North Carolina.

Paul Z. Rizzo, who has enjoyed successful careers in both the private and public sectors, will receive the Citation for Distinguished Citizenship.

A native of Upstate New York who came to UNC-Chapel Hill on a football scholarship, Rizzo currently is a partner in Franklin Street Partners, the private investment trust and management firm in Chapel Hill.

Rizzo went to work for IBM in 1958 and quickly rose through several executive positions, including serving as senior vice president and group executive responsible for product develop. In 1983 he was elected vice chairman of the IBM board of directors, the position he held when he retired from the company in 1987.

That's when he was recruited as dean of the Kenan-Flagler Business School at Carolina. In five years as the business school dean he is credited with significantly raising the profile of the school and creating a highly-regarded emphasis on international business. He retired from the business school in 1992.

Rizzo serves as a director of Johnson & Johnson, Morgan Stanley, Ryder Systems and McGraw Hill.

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Hour by hour at the Annual Meeting

9:45 - 11:45 
Young Executives Forum — Room A

10:00 - 11:45
NCCBI Board of Directors — Room C
Featuring Senate President Pro Tem
Marc Basnight and House Speaker Jim Black.

11:00 - 6:30 
Information and Exhibits Exchange — Arena

Noon - 2:00  
Luncheon — Assembly Hall 2,
Buffet line opens at 11:45

2:15 - 3:15   
Young Executives Forum Roundtable — Room A

2:15 - 3:30   
Small Business Advisory Board — Room D


EXECUTIVE SEMINARS (Free — Open to All)

2:15 - 3:30   
“Environmentally Friendly: Making Actions  Speak Louder Than Words” — Room C
Moderated by Ed Scott, Chairman of NCCBI’s Environmental Concerns Committee.
Panelists: Bill Ross, Secretary N.C. Department of Environment and Natural Resources; Dempsey Benton, Chief Deputy Secretary, N.C. DENR; Al Weller, Landowner Assistance Forester, Weyerhaeuser.

4:00 - 5:15   
“Planes, Trains and Automobiles: How to Keep the State from Stalling”  — Room C
Moderated by Marshall Henry, Chairman of NCCBI’s Transportation Committee. Panelists: Lyndo Tippett, Secretary of N.C. DOT; Evan Rodewald, N.C. General Assembly, Fiscal Research Division; Bob Mattocks, member of Legislative Research Commission's Transportation Finance Committee; Christie Barbee, Executive Director, Carolina Asphalt Pavement Association.

5:15 - 6:15        
Reception — Arena

6:30 - 9:00        
Dinner — Assembly Hall 2

Program details for the Chairman’s Luncheon
Buffet meal
Invocation by Dr. Marye Anne Fox
chancellor, N.C. State University
Welcome by Malcolm E. “Mac” Everett III,
Chairman, NCCBI
Membership Report by James B. Hyler Jr.,
Second Vice Chairman, NCCBI
Presentation of Citation for Distinguished
Public Service by James F. Goodmon,
President & CEO, Capitol Broadcasting, Raleigh
  Acceptance by the Honorable Jesse A. Helms,
United States Senator
  Introduction of Speaker by Stephen K. Zaytoun, President,  Zaytoun & Associates Inc.
 Keynote Address, Hon. Michael F. Easley,
Governor of North Carolina
Announcements by Mac Everett

Program details for the dinner
Invocation by J. Fred Corriher.
President, Catawba College
Dinner
Welcome and Introduction of Guests
Malcolm E. “Mac” Everett III, Chairman, NCCBI
Special Presentation by Phillip J. Kirk Jr.,
President, NCCBI
Presentation of Citation for Distinguished Citizenship
by Richard L. Daugherty, Chairman Emeritus, NCCBI
Acceptance by Paul J. Rizzo,
Co-founder and Partner, Franklin Street Partners
Introduction of Speaker by Alexander Tucker Robertson,
Senior, UNC-Chapel Hill
Keynote Address by Julian H. Robertson Jr.
Introduction of Incoming Chairman
Malcolm E. “Mac” Everett III, Chairman, NCCBI
New Chairman’s Remarks and Adjournment
Gordon S. Myers

 

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Write to us at P.O. Box 2508, Raleigh, N.C. 27602
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