Published: November 20, 2009
New Book Outlines George Russell's 10 Lessons for Success
GIG HARBOR, Wash. - (BUSINESS WIRE) - George F. Russell, Jr., who built a billion-dollar global investment
services firm on a foundation of 10 personal principles, has written a
book explaining the inside story of how these simple lessons guided him
and others toward success. Success By Ten: George Russell's Top Ten
Elements to Building a Billion Dollar Business (Wiley; December
2009;$24.95), describes the origins, risks, and decision-making
involved in development of Frank Russell Company, the pioneering pension
consulting firm that created the Russell stock indices and a global
array of investment products and services.
"These are the lessons I wish I'd been taught in business school. It
would have saved me a lot of time and trouble," said Mr. Russell. "I
hope that these stories will help future generations of business leaders
find the right path more quickly and easily than I did."
The four-decade history of Frank Russell Company (known today as Russell
Investments) is intertwined with Mr. Russell's matter-of-fact
storytelling and insights. His anecdotes about non-negotiable integrity,
hiring smarter people, recognizing luck and having fun at work are
treasured lore for those who worked alongside him during the past 40
years. Now Mr. Russell is sharing his favorite lessons at a time when
many entrepreneurs, business leaders and civic-minded philanthropists
are questioning what it takes to be successful during challenging times.
Mr. Russell is well known throughout the investment industry as the
original pension consultant who led Frank Russell Company in a stream of
investment industry innovations. While some of his ideas remained
conceptual, many others gave way to enduring advancements in performance
measurement, investment manager diversification, investment style
analysis and international investing. Many of the core disciplines in
today's investment advisory and financial planning practices are
outgrowths of the ideas that Mr. Russell introduced to institutional
investors during the 1970s and 1980s. Together, these innovations helped
create higher professional standards in the investment community and
greater financial security for investors. In a time when financial
security has become more important than ever, Mr. Russell's 10 lessons
provide timely and truthful reminders of personal business values that
never go out of style.
George Russell's Bio
Internationally known as an advocate for narrowing the gap between the
"haves" and the "have nots," George Russell focuses on a number of
challenges: the promotion of globalization, the destruction of nuclear
waste, strengthening U.S.-Russian relations, ground-level humanitarian
projects and bridging the current divide between Muslims and non-Muslims
in America.
Starting in 1958, George built Frank Russell Company from a small,
regional mutual fund company into one of the world's leading investment
advisory firms. He served as chairman from 1958 until the firm was sold
to Northwestern Mutual Life in 1999. Today, the company, Russell
Investments, guides over 1,900 clients in 44 countries with assets
exceeding more than $2.4 trillion, and manages $171 billion in funds.
The company name is commonly recognized by the prominent stock market
index The Russell 2000, which is one of a large number of Russell
indexes around the world.
A native of Tacoma, Washington, George pioneered the business of pension
fund consulting in the late 1960s. He is a well-known advocate of
diversified global investing and, along with Warren Buffett, was named
in 1993 by Pensions & Investments as one of the four most
influential people in the world of institutional investing, in addition
to numerous other awards. George 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.
Currently, George serves as Chairman of: The National Bureau of Asian
Research; One Nation, a project working to change the perceptions of
Islam and Muslims in America; Nuclear Fuel Cycle Technologies, Inc.; The
Russell Family Foundation and Threshold Group. After many years of
service, he has recently transitioned to an emeritus role at the
EastWest Institute and the Pacific Health Summit. He is on the
Leadership Council for the Initiative for Global Development and a
member of the International Advisory Board for the University for Peace,
which supports peace and security objectives of the United Nations.
George is Honorary Co-Chairman of the Business Humanitarian Forum and a
Board Member of Woods Hole Oceanographic Institution.
About Threshold Group
Threshold Group, with offices in Gig Harbor, Wash., New York City and
Portland, Ore., was created in 1999 when George F. Russell, Jr. and his
wife Jane T. Russell sold Frank Russell Company (now Russell
Investments) to Northwestern Mutual. Today, Threshold provides
investment strategy, estate planning, and integrated advisory services
for family clients representing more than $1.5 billion in private
assets. For current information: www.thresholdgroup.com.
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Publishers Information
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Success by Ten: George Russell's Top Ten Elements to Building a
Billion-Dollar Business
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By George F. Russell Jr. and Michael Sheldon
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978-0-470-53727-5
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December 2009; $24.95; Hardcover
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Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6105892&lang=en
Threshold Group
Chris Phillips, 253-857-1602
cphillips@thresholdgroup.com
or
Russell
Investments
Jennifer Tice, 253-439-1858
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