Vol. 105, No. 43 | Tuesday, April 29, 2014 A Daily Journal of Commerce Since 1909 www.tulsabusiness.com | $1.00

DA I LY B R I E F S

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PORTMAN, HERREN JOINGABLEGOTWALS IN OKC

Leo J. Portman and Rex E. Herren as of counsel Attorneys have joined the GableGotw-als Law Firm in the Oklahoma City offi ce.

Portman will work in several areas of practice including Title Examination, Oil and Gas Law and Estate Planning.

Prior to join-ing GableGot-wals, he was a Sole Practitio-ner at Portman & Associates.

Portman previously served as president of an oil and gas com-pany during bankruptcy liquida-tion and payment of creditors, all of whom were paid in full under his direction.

He also fulfi lled the role of sole practitioner for oil and gas corpora-tions and outlined estate-planning programs for clients.

See Briefs, 2

INDEXDockets . . . . . . . . . . . 4-5

Civil Court . . . . . . . . . 5-6

Legals . . . . . . . . . . . . . 7

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Men ofDistinctionNovember 18, 2014 • 6-9pmHyatt Regency Tulsa

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PORTMAN

HERRON

‘Three Peeps’ in a row! is fi rst“It’s a ‘three peep!’”That was the exclamation by Paula J

Quillin, a partner with the Franden Woo-

dard Farris Quillin & Goodnight Law Firm when notified that the diorama won first place in the American Bar Journal Association annual contest. It also ap-parently is the first time there has been a three-time winner in the history of the

competition.This is the third consecutive year the

Tulsa firm won the contest and even as the competition ends they are looking

BY RALPH SCHAEFERralphs@tulsabusiness.com

See Three Peeps, 3

Thinking as important as doingHacket thinks about business future, not past

“Thinking” is as important as “doing” in the business world, James Hackett told the University of Tulsa’s Friends of Finance at its April meeting.

Although he spent 20 years as chief execu-tive offi cer of Steelcase, Inc., best known for its offi ce equipment, Hackett’s focus was not on the past, but the future, although he ad-mitted that he fell prey to the myth that get-ting things done was more important.

In the corporate world thinking looks like a waste of time, diffi cult to measure and tends to be “shunned,” Hackett said in his fi rst speech as vice chairman of the company based in Grand Rapids, Mich. where it was founded in 1912.

He equated thinking to depth and doing to speed. Both should be considered equal.

Enhance the thinking culture to enable a company to position itself for the future.

Companies need to think about how their product or service is actually used and what drives changes in that use, Hackett said.

He pointed out that when Carnegie Mel-lon University gave its students laptops it also

provided backpacks to carry them. It found the computers were carried from class to class open and running because the systems took so long at the time to boot up.

Even a well functioning system needs to evolve if it is to survive, Hackett said.

Companies need to look at the “now … near … future” horizons that are, respectively,

three years from now, fi ve years and fi ve to 10 years out.

The challenge today is what Hackett termed “big data.”

It is “growing at a super linear rate,” he said. It’s a tsunami.’

The amount of information available changes everything.

In the medical world, technology may make it possible for a toilet to automatically report someone’s sugar level from urine, heart beats of everyone in a room going at a different rate or determine and fi nding the cause, and pos-sible cure, of an individual’s health problem from worldwide genetic map.

To explain data growth, Hackett spoke of “bytes,” not the kilobytes, megabytes, giga-bytes or terabytes most people are familiar with, but of exabytes and zettabytes.

It takes a trillion gigabytes to make one zettabyte, which needs 21 zeroes.

That is enough data to fi ll 75 billion iPads with a 16-gigabyte capacity.

Big data will make jobs obsolete and radi-cally change industries, he said. Because there is a “magical quality” to data Hackett warned that instead of solving problems it may only lead to collecting more data. «

BY LARRY LEVYnews@tulsabusiness.com

LARRY LEVY PHOTO

James Hackett, Steelcase, Inc. Chief Executive Offi cer, spoke to the University of Tulsa Friends of Finance and noted “thinking” is as important as “doing.”