Keep it in the Family? — Los Angeles Business Journal Releases annual Wealthiest Angelenos special report

The Los Angeles Business Journal today released its annual Wealthiest Angelenos special report. This year, reporter Richard Clough decided to speak with LA’s most affluent residents about the complications in raising children when there are billions of dollars at stake. In his article “Keep it in the Family?”, Clough determines that family ties can blind business owners to their children’s shortcomings, which can hurt a company.

According to Grace Russak, senior vice president of Whittier Trust Co., a wealth management firm in South Pasadena that handles intergenerational wealth transfers for billionaires and other affluent individuals, “It’s a huge concern. Who is going to take over the company and how is that going to ensure that the company is properly positioned and managed and how will that affect family dynamics?”

Olmstead Williams Communications Ranks #16 in Top Public Relations Firms List

It’s brag week at Olmstead Williams Communications (OWC) thanks to the Los Angeles Business Journal’s annual Top Public Relations Companies in Los Angeles list. This year, our firm ranked 16th on the list, which ranked agencies by their 2010 county fee income, and is also the youngest agency to make this year’s ranking.

According to the Los Angeles Business Journal, OWC generated $1.4 million in fee income in 2010. The publication also ranked OWC ninth on its “Big Earners” list, with an average of $200,000 in fee income per account executive.

Since December, the firm has secured three new clients as it continues to grow. OWC also expanded its professional team by hiring managing associate Kaitlen Murphy in January 2011 to help oversee the new accounts. Murphy has more than 10 years experience in public relations, marketing and event planning at agencies in Boston, San Francisco and Los Angeles.

500+ Ernst & Young Professionals Took a Day Off to Volunteer Throughout LA

On December 3, 2010, 500 Ernst & Young professionals – representing more than half of the firm’s Los Angeles office – fanned out across the county to volunteer at 18 different local organizations. Ranging from working with the animals at the Los Angeles Zoo to teaching kids at the California Science Center, EY employees donated their time and helped make a difference as part of EY Connect Day. 

“Our people share a sense of purpose that starts with the work we do for our clients and extends into the communities in which we live. We’re proud that we are giving more than 2600 hours to great causes in Los Angeles,” said Amanda Massucci, partner in EY’s Fraud Investigation and Dispute Services practice.

The photo above was included in this week’s Los Angeles Business Journal L.A. Biz Seen section.

Broads Circle Event “When Your Looks Make You a Million” featured in LABJ Biz Seen


Tracy Williams (far right), president and CEO of Olmstead Williams Communications, stands with Darya Allen-Attar, founder of Broads Circle, and Dana Hollinger, principal of The Hollinger Group, at Broads Circle's "Looks Can Make You a Million" summer soiree.

Broads Circle, dedicated to building a network of elite professionals, is focused on taking women to the next and highest level in business. The circle brings together women in a variety of industries who share the same career and personal drivers to generate revenue and assume leadership positions.

On July 22, over 100 professionals attended Broads Circle’s “When Your Looks Make You a Million” event. To examine the elements of a successful “look” in the business environment, the organization convened experts in dermatology, hair, makeup and fashion at the UCLA Faculty Center.

Click here to read Tracy Olmstead Williams’ thoughts on the event.

Ahmed Enany: Booster Shot

By Deborah Crowe
The Los Angeles Business Journal
Click here to read the full interview

Entrepreneurs such as Al Mann and Patrick Soon-Shiong may be the public face of the biotech industry in Los Angeles, but industry insiders know another man as the region’s Mr. Biotech: Ahmed Enany, chief executive of the Southern California Biomedical Council. The organization holds networking events, investor conferences and promotes the industry. His early life had no hint of his eventual position. Enany came to the United States in 1978 on a fellowship with the intent to earn graduate degrees in political science at UCLA and return to his native Egypt to teach. Deciding that an academic career would bore him, Enany switched to urban planning and eventually became caught up with economic development initiatives created after the 1992 L.A. riots. Enany, who as a child considered becoming a surgeon before losing part of his hand in an accidental explosion, was particularly drawn to the area’s small growing biotech industry. Four years ago, he survived a rare form of cancer, which has made him only more determined to make the council a success. We caught up with the 54-year-old biotech industry executive at his downtown L.A. office, where he still runs a mostly one-man show backed by a part-time staff, and a bunch of volunteers and board members, including Mann. We discussed his life, career and how he developed a love for a city that he once disliked intensely.

Olmstead Williams Communications makes list of top PR firms in LA – Los Angeles Business Journal

In its first full year in business, Olmstead Williams Communications ranked No. 18 out of 20 among the top independent public relations firms in Los Angeles, according to a list published in the March 29, 2010 issue of the Los Angeles Business Journal. OWC, a business-to-business public relations firm, specializes in law firms, financial services and technology. The firm was founded in August of 2008. “We’re proof that a recession is a great time to start a business,” said CEO and founder, Tracy Williams.

Lip Trip – LABJ’s Page 3

By Charles Crumpley
The Los Angeles Business Journal

Donna Lee, a human resources expert at accounting firm Ernst & Young, did a lot of kissing during her recent business trip to Buenos Aires, Argentina. But it isn’t what you think.

As part of Ernst & Young’s Corporate Responsibility Fellows Program, the 30-year-old spent three months working with Argentine video game company Three Melons on its human resources strategy. Her services were offered free of charge. But kissing was part of the job.

That’s because in Argentina it is traditional to greet co-workers and business people with a kiss on the left cheek. It wasn’t just the first day on the job – but every day she was there – that Lee obliged. And there were about 50 employees at Three Melons.

“It took a little while to get used to because naturally in the United States, we extend a hand when we greet anyone in the corporate setting. However, over there they would just naturally lean in and kiss you,” she said.

Lee loved the trip – she took Spanish lessons and ate a lot of that famous Argentinean steak. She got back from the trip at the end of December and had to re-train herself to life in an American office.

“One thing I had to learn coming back in the U.S. was: remember not to kiss because being in a human resources role that would be awkward,” she said.

Click here to reach the article on the LABJ Web site.

Los Angeles Business Journal – Startup PR Program

By Joel Russell
Los Angeles Business Journal

Olmstead Williams Communications in West Los Angeles is launching a PR division to help technology startups get attention on a budget.

Starting at $999 a month, Olmstead Williams will provide services including a media contact list, story pitching to tech trade press and specific national media outlets, customized news release templates, and e-mail notification of story queries from reporters and editors seeking expert sources.

Called PRTechConnect, the new service has its first client in Cloudworks, a Thousand Oaks company that provides Web-based software to small businesses. Olmstead Williams is pitching the service to companies in the biotech, life sciences, clean tech, e-commerce, software and telecommunications sectors.

Click here to read the full article.

OWC in the Los Angeles Business Journal

Olmstead Williams Communications was featured in last week’s L.A. Biz Seen for its one-year anniversary party. The champagne and chocolate affair was held at the Napa Valley Grille in Westwood in late October. The L.A. Biz Seen is a section that publishes photographs of business-related events in Los Angeles. It includes parties, awards dinners, benefits and other celebrations.

From left, Leslie DaCruz, USC Viterbi School of Engineering executive director; Beth Karmin and husband Ken Karmin, Ortho Mattress chairman; Bill Allen, Los Angeles County Economic Development Corp. CEO; and Tracy Williams, Olmstead Williams Comunications president; at Olmstead Williams' one-year anniversary party Oct. 28 at the Napa Valley Grille in Westwood.

Click here for a larger version of the picture