Entrepreneurs abound in this issue, honorees of our 17th annual Excellence in Entrepreneurship Awards—EIE. Add a C for Culture. Auto fintech AutoGravity built a 40,000-square-foot millennial cave for its workers in Irvine, Friday fun-night rooms for videos, cornhole (p.1).
More on culture … Jeff Kearl’s Stance Inc. is now $100M seller of performance socks. That’s the product of what goes on inside the San Clemente HQ … “leading indicator of brand,” Kearl told a recent gathering of investors. “Environment feels great to work in, you’ll see results in the market later.” Stance has “no office hours, we don’t track vacations,” Kearl said, “manage by objective, people govern themselves.”
Anaheim Angels wear Stance, MLB official provider; Halos will also play in new creative space. OC’s Wealthiest, OC 50er Arturo Moreno poured some of his $2B into league’s fourth-largest scoreboard, new LED rings inside and out; paid $20M posting fee to Nippon-Ham Fighters in Hokkaido, Japan, for Shohei Ohtani … checks for free agents Upton, Kinsler, Cozart. Sales for premium games—Yanks, Sox, Dodgers—way up …
Hock Tan lost battle for Qualcomm, won CEO pay war. Broadcom boss’ take was $103M fiscal 2017, per SEC filings. $99M, will be Sched D … Tan reaped stock grants—BRCM up from $60 to $250 last three years, for $100B market cap. Amazon became No. 2 this week, $749B, passing Alphabet (Google) $729B, gaining on Apple, $857B …
Moooooch … former NY hedgie, five-day White House resident Anthony Scaramucci leaves Hamptons for Newport Beach’s Balboa Bay Club April 28, headlines 56th annual Lincoln Club dinner …
Second Lady Karen Pence, 24-year-old daughter, Charlotte, at Nixon Library last Thursday promoting children’s book “Marlon Bundo’s Day in the Life of the Vice President,” former art teacher Karen illustrated.
Many smiles at 7th annual CREW-OC SPIRE Awards at Samueli Theater.
“Got at least another three years,” said Craig Sullivan, EVP with Anaheim-based hotel builder Park West General Contractors. “Great year, good markets, a lot of transactions,” said emcee and Cushman & Wakefield OC Managing Principal Eric Paulsen, who introduced keynoter Cheryl Osborn as “former singer at Bobby McGee’s.” 18-year owner of Casco Contractors still has stage presence. “I’m just a contractor, I build sh,” said Osborn, “… offices for startups, nonprofits … retail spas and dry bars, it’s important to look good, too.” No #MeToo moment, Osborn just cited stats on women in CRE in OC: 18% brokers, 9% construction, and 3% CEOs of architectural firms …
Inspiration Point … things are looking up. CREW-OC, Commercial Real Estate Women, 30 new members since Jan. 30 under President Stacy Stemen of Passco Cos.
