Success By Ten: George Russell's Top Ten Elements to Building a Billion-Dollar Business - Hardcover

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GEORGE F. RUSSELL JR. pioneered the business of pension fund consulting in the late 1960s and was named in 1993 as one of the four most influential people in the world of institutional investing. He is the creator of the Russell 2000 Index and the visionary behind Frank Russell Company, one of the world's leading investment management and advisory firms, with offices in financial centers worldwide. George Russell received the Lillywhite Award from the Employee Benefits Research Council for outstanding lifetime contributions to enhancing Americans' economic security in 1998, the CFA Institute's Thomas L. Hansberger Leadership in Global Investing Award in 2008, and the Woodrow Wilson Award for Public Service in 2009.

MICHAEL SHELDON worked at Frank Russell Company from 1993 to 1999, writing marketing materials and helping George Russell draft articles and client communications. He cofounded XMedia Communications in 1999 to provide marketing, copywriting, creative content, and strategy to a diverse clientele.

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Praise For Success By Ten

"George Russell, seeking to grow the company started by his grandfather, along the way invented a profession, investment management consulting, and created a highly respected major investment management organization. This book tells the story of his creative journey and spells out the lessons he learned, lessons invaluable to all business people, especially entrepreneurs or those seeking to grow small companies."

Michael J. Clowes, Editor at Large, Pensions & Investments and InvestmentNews

"If George Russell's principles became best practices for business and beyond, we would have a more prosperous people and a more peaceful world."¿

Sam A. Nunn, former U.S. Senator, Georgia

"George has lived an incredible life and his success is a tribute to the virtues he promotes: hard work, determination, and integrity."

William H. Gates Sr., Attorney, philanthropist, and author of the book, Showing Up for Life

"The principles that George followed in building a billion-dollar business are equally important in my work as a peace mediator. . . . If these principles would have been followed, we would have avoided the present financial crises. I therefore warmly recommend this book to everybody."

President Martti Ahtisaari, former President of Finland 1994 2000, Nobel Peace Prize Laureate 2008

"A must read. . . filled with wisdom."

John C. Whitehead, former Deputy Secretary of State

"Success by Ten provides an inspiring account of how one man carefully built one of the world's great financial institutions."

Carla A. Hills, former Secretary of HUD and U.S. Trade Representative

"This book inspires and instills the wisdom necessary to excel in this global economy."

David Boren, former Governor and U.S. Senator, Oklahoma

"One needs to throw out a lot of those old management books. Success by Ten does for management what Russell has already done in so many other fields. This is an inspiring, profound, and easy read for existing and aspiring leaders alike."

John Edwin Mroz, President, EastWest Institute

"Readers of this book will enjoy a triple treat: an excellent business growth guide, a lively personal story of the challenges and excitement of the entrepreneurial life, and a clear and potent reminder of why living your good values really matters."

John R. O'neal, author of The Paradox of Success

"George Russell is...strategic and a nut for details, generous and loyal, and filled with integrity. What an extraordinary legacy."

Richard J. Ellings, cofounder and President, National Bureau of Asian Research

Aus dem Klappentext

Throughout his career, George Russell a pioneer in the pension fund consulting business and driving force behind Frank Russell Company has gone about doing things his own way. Avoiding textbook approaches, Russell has innovated best practices for managing money, and for building a long-lasting business. Under his leadership, the company, today known as Russell Investments, has grown into one of the world's leading investment advisory firms.

Now, in Success by Ten, Russell shares his experiences in building a better business with you, and shows how the right corporate culture and the proper people can play an important role in this process.

Broken down into ten engaging chapters, each of which represents a business lesson that has helped Russell excel over the years, this reliable guide weaves Russell's own story with the insights of colleagues he has learned from along the way. And while the information and innovations outlined throughout these pages spurred the professionalization of pension fund management with the potential benefit of improving financial security for investors they are broadly accessible and can be applied to organizations of any type or size.

Success by Ten puts the essential elements of building a profitable business in perspective. The practical advice you'll find here includes:

• Integrity must be non-negotiable, because one slip can ruin the entire enterprise

• Bringing people together and sharing credit with them will result in dramatic improvements in productivity

• Creative ideas may be ahead of the market; they require patience and a willingness to ignore the bottom line while you wait for the market to catch up

• Continuing to take risks is essential, because your competitors will be doing their best to make you obsolete, irrelevant, and unprofitable

• Occasional breaks, like the Russell sabbatical program for every ten years of service, you earn a two-month sabbatical are great investments; they enhance productivity and seed innovation

It takes more than just spreadsheets and statistics to create and grow a business in today's competitive market environment. With Success by Ten as your guide, you'll quickly discover how the principles that have served George Russell so effectively can also benefit your company, your customers, and your employees.