Jack Ouellette is current chairman, previous president and former CEO of American Textile, a multinational company that manufactures protective and allergen barrier bedding products. He’s also a Duquesne MBA alumnus who came to campus to discuss life and business lessons with students.
Jack Ouellette (middle) accompanied by MBA Students from the Donohue Graduate School of Business
As Jack noted, he used to think that “education was from a book or a classroom” (but) “now realizes that a lot of things that happen in real life are really great learning experiences.”
Jack got us thinking by posing five questions:
- Do you take full responsibilities for your action at all times?
- Are you at your very best when things are seemingly at their worst?
- Do you know when good enough, is good enough?
- With people, are you controlling or over-controlling?
- Do you take care of your people?
“Leadership is all about people, and business is all about people,” according to Jack who was proud to describe the company he helped build by respecting associates, customers, and suppliers.
After 38 years at American Textile, Jack still has the spark of a fresh MBA graduate. His most memorable piece of wisdom: “Others respect you when you stand up in the storm.”
As sustainability students, we are attempting to change the world, impact it for the better, and create a more prosperous future for our children in a time of great chaos. I challenge all of you to be the one who stands up in the storm, and become the change you want to see in the world.
Friend of the program Andrew Winston, who is the author of Green to Gold and has spoken at Duquesne many times, has recently released an article in the Harvard Business Review that highlights the top 10 Sustainability headlines that helped to shape 2015.
One area that Winston discusses is the change in the mindset of consumers towards more sustainable products. As future Sustainability professionals we need to keep developing our expertise to display the business case for Sustainability. This will allow us to further our goal of being the change we want to see in the world. Below is the link to this outstanding article: 10 Sustainable Business Stories that Shaped 2015
“Pittsburgh has a hunger for new, younger, educated employees,” according to Laura Fisher, the Senior Vice President for Workforce and Special Projects of the Allegheny Conference. One reason why Pittsburgh is ideal for young people is that the median salary in Pittsburgh is at the national average, but the cost of living is well below the national average.
At our recent Ignite Your Career event, Fisher told us that companies want leaders who can “navigate change and foster innovation.” Our MBA is designed to give us the skills and competencies to solve “complex problems,” which Fisher says “is more important than your major.” Fisher was the mastermind behind ImaginePittsburgh.com, a site devoted to retaining and bringing talent to the region. This site has over 20,000 job postings for the Pittsburgh region!
Special thanks Laura Fisher and the alumni who shared tips for resumes, LinkedIn presence, and job searching techniques to help us master the job market.
On the heels Pittsburgh’s selection to the 100 Resilient Cities, Pittsburgh hosted a planning meeting for the initiative. One of the speakers, Piero Pelizzaro from Italy, was a former colleague of Patrick Cellie’s, a current student who worked as an environmental engineer in Rome before coming to Duquesne for his MBA, and invited Pietro to spend an evening with our cohort, alumni and faculty. Piero is a climate change adaptation policy specialist with Acclimatise, a specialist consulting, communications and digital application company for climate change adaptation and risk management. Piero currently oversees the International Cooperation Unit for the Kyoto Club in Rome, Italy, and serves as a member of the Working Group of Local Authorities for Kyoto. He has worked with the Stockholm Environment Institute and is recognized as an international expert on climate change adaptation policy, especially with regards to energy scenario and climate change impact models. His current work includes several high profile projects supported by the European Commission including: as a senior expert on the resilience plan for Bologna (BlueAP), as Technical Director of the Recovered Waste Cooking Oil for Combined Heat and Power Production (RECOIL) project, and with community energy project ZeroCO2. He also writes on climate change adaptation issues and has been published in numerous magazines and online sources.
Each year about this time, Deloitte executives invite Duquesne MBA students to collaborate on solving a real-world client problem. Brad Johnson, director of strategic client relationships for Pittsburgh’s Deloitte consulting practice, earned his MBA at Duquesne and remains actively involved as an advisor to students and our program.
This year, Brad was joined by Jeff Craft, a partner in Deloitte’s assurance practice, and our Deloitte master class on February 14 focused on issues surrounding acquisition of expertise and assets related to clean energy. We received an offering memorandum, backgrounder and guidelines prior to the session and broke into small groups to discuss valuation and decision-making challenges related to buying and selling a company under the hands-on coaching of practices leaders who negotiate such deals for a living. The morning with Deloitte was an exciting and challenging learning opportunity for MBA students to learn from a leading consulting firm.
No small advantage of studying in Pittsburgh is Duquesne’s location in the heart of a prosperous business district. Another is the ongoing partnerships with alumni and client partners who help faculty tie theory to practice by offering insight to real word challenges and opportunities through classroom and extracurricular professional development. Duquesne continues to leverage connections in the city to play professional development workshops like this event with Deloitte.
Air Quality Control Monitor.
Kyle getting ready for his ride home from class!
Kyle turning on the monitor to track his ride.
Kyle Gryta, a member of our cohort, met members of Pittsburgh’s Group Against Smog and Pollution (GASP) at Sustainability EXPOsed in December. After a quick conversation at GASP’s booth, Kyle, became part of somethingmuch more when he agreed to connect a monitor to his favorite mode of transportation.
Google has invested in the research effort with cyclists like Kyle and developed an air quality map that’s similar to traffic congestion maps. The particulate air quality monitor shows and records the air quality around the region. Check out the current version of the air quality maps here.
“In class, we talk about the new trends in business, but if you can see the real time impact on the world, then people may change their behaviors,” Kyle says.
by Blair Schoenborn
Duquesne Professor Connie Bentzen invited our cohort to join her International Finance class to hear a guest lecturer from BlackRock speak about Corporate Governance and Responsible Investing. With $4.1 trillion invested in more than 7,000 portfolios, BlackRock is the world’s largest asset management institution. Jack spoke about BlackRock’s Proxy Voting and ESG (Environment, Social, and Governance) Investment Integration services.
The Process BlackRock’s Corporate Governance and Responsible Investment (CGRI) team partners with portfolio managers to integrate ESG issues into their investment strategy. This happens in a three-step process:
1) Research and Issue Spotting – This is driven by their internal guidelines for research and meetings with clients and companies to determine issues and management of those issues, respectively.
2) Review and Engagement – This involves in-depth research leveraging the expertise of portfolio managers and engagement with the company in question as necessary.
3) Vote Execution – BlackRock votes with one voice, meaning through meetings and review of research they are able to come to a decision for the vote; all votes are reviewed by an oversight committee both monthly and quarterly.
As a student of sustainability in business operations, and especially in finance, it was interesting to hear how the world’s largest asset management company is successfully integrating environmental, social, and corporate governance issues into their portfolio management strategy.
As an individual, and a novice investor in the stock market, it was also enlightening to learn of the power that a proxy voting system can have in influencing governance and responsible investing.
Overall, it was an eye-opening and thought-provoking lecture. Visit BlackRock’s website to find out more.