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TEST TEST THESE DAYS YOU
CANNOT MIX ALEX AND ANI THE
JEWELRY COMPANY IS PROVIDING
RHODE ISLAND WITH
MUCH-NEEDED GOOD NEWS AMID
DOUBLE-DIGIT UNEMPLOYMENT.
THE COMPANY HAS EXPANDED THE
FOOTPRINT BUYING MARKETING
FIRM MEDIA AND WINERY
VINEYARDS OPENING A CHAIN OF
CAFES AND A TRAINING CENTER
AND MAKING CHARMS FOR THIS
ARE WHY'S U.S. OLYMPIC
TEAM.
WONDER THE MAGAZINE NAME
THEM THE FASTEST-GREEING
COMPANY IN RHODE ISLAND.
WEEK ALEX CEO GIOVANNI
FEROCE.
I AM TED NESI.
GIOVANNI, THANK YOU.
THANK YOU FOR HAVING ME.
YOU KNOW, YOU KNOW, THIS
IS ONE OF THE COMPANIES
PEOPLE MOST WANTED KNOW HAVE
ON THE SHOW AND DISCUSS
BECAUSE YOU ARE IN THE NEWS
CONSTANTLY LATELY.
JUST ON THE FRONT PAGE LAST
WEEK.
I WANT TO GET A LITTLE SENSE
OF HOW THE COMPANY GETS THE
POINT IT IS TODAY WHERE WE
ARE HEARING ABOUT IT SO
MUCH.
YOU BECAME CEO LAST YEAR BUT
ALEX AND ANI WAS FOUNDED
BACK IN '04.
IT WAS FOUNDED IN 2004.
WHEN DID IT SORT OF BLOW UP
INTO THE PHENOMENON WE ARE
SEEING NEW WELL, JUSTS TO
UPDATE YOU.
I CHAMPION BOARD IN 2010.
OKAY.
A LITTLE OVER TWO YEARS
AGO.
YEP.
AND YOU MOW, POT TOM LINE
IS CAROLYN AND I YOU KNOW
GOT TOGETHER AND REALLY
UNDERSTOOD WHERE SHE WANTED
TO TACK THE COMPANY.
AND I LITERALLY ASKED HER
YOU KNOW WHAT SIZE COMPANY
DO YOU WANT?
SHE HAD THE OPTION TO STAY
SMALLER AND THINK OF HERSELF
OR DO THE MISSION OF THE
COMPANY THAT IS TO HELP
MANKIND AND AS MAYBE LOST
THE EFFORT AS IT MAY SOUND
FOR SOME PEOPLE.
THAT IS WHAT WE DID ON A
DAILIES ABOUT SIS, SO WHEN
YOU SET THAT AS GOAL, IT
NEEDS TO BE MET WITH A LARGE
EFFORT SO THE DECISIONS WE
MAKE AND THE REINVESTMENT
ALL OF THAT IS TO OBTAIN
THAT GOAL.
YOU PRESIDED OVER PRETTY
EXPLOSIVE GROWTH OF THE
COMPANY, REVENUE A BIT
UNDER $5 MILLION IN 2010.
18348 IN 2011.
YOU HAVE A FORECAST OFF OF
THAT?
YOU LO, I PUBLICLY SAY
WHERE WE ARE AT.
IT IS LIKELY TO BE
OVER $50 MILLION.
STILL ON TRACK FOR THAT.
$50: I AM PUBLICLY BEING
CONSERVATIVE IF I SAY 50.
REALLY?
YEAH.
REALLY.
WE DOUBLED LAST AREA'S
REVENUE.
THAT IS ASTONISHING THAT
KIND OF A GROWTH.
AND THAT IS, THAT GETS TO
THE HEART OF IT.
IT IS IT JUST, YOU MOW, I
WAS TALKING.
I MENTIONED TO YOU BEFORE I
STARTED.
WE WERE TALKING ABOUT THIS
THE OTHER NIGHT.
PEOPLE LIKE THEM.
THEY ARE APPEALING.
I KNOW THAT IS IN THE ALL
YOU ARE DOING NOW.
WHAT DO YOU I TRIBUTE IT
TO?
NO, IT HAS TO DO WITH THE
AUTHENTICITY OF THE PRODUCT
AND DESIGNER.
CAROLYN RAFAELIAN IS MAKING
PRODUCT THAT SHE LEAVES
BRINGS OUT THE BEST IN
INDIVIDUALS AND ALLOWS THEM
TO FIND THE INNER BEAUTY,
THE LOVE THAT THEY WANT TO
BRING OUT TO THE WORLD AND
HOW THEY DO THAT IS BY
TELLING PEOPLE THEIR STORY
OR HAVING REMINDERS OF WHAT
IS IMPORTANTS SO WE CREATE
PRODUCTS WHICH IS PART OF
THE EFFICIENT INVOLVES VERY
SIGNIFICANT RESEARCH AND
DEVELOPMENT INTO ANCIENT
CULTURES AND AREAS ALL OF
THESE THAT ULTIMATELY IS
PULLED THROUGH THE PRODUCT
AND SO WHAT ONE WOULD WEAR
MIGHT SEEM THE SAME AS THE
PERSON NEXT TO THEM BUT WHY
THEY ARE WEARING IT IS A BIT
DIFFERENT SO WE FEEL VONGLY
THAT THE DESIGNED PROCESS
ALLOWS FOR US TO MOVE ON TO
OTHER EXTENSIONS VERY
QUICKLY.
WHAT IS THE WEST?
US WHAT THE NUMBER ONE
PRODUCT.
THE PATH OF LIFE.
WHAT IS THAT?
BASS HI, ITS THE WILLINGNESS
TO TAKE ON LIFE'S TWIST AND
TURNS SO IT CAN BE
APPROPRIATE FOR A NU COLLEGE
GRADUATE.
AS A GIFT.
OR SOMEONE WHO MIGHT BE IN
THEIR 40s AND HAVE OTHER
CHALLENGES THAT THEIR BEST
FRIEND WHEN THEY GIFT IT TO
THEM, IT REMINDS THEM IT IS
OKAY AND KEEP ON GOING, KEEP
ON LIFE'S TWIST AND TURNS.
NOW YOU MET FROM THE
TORRES I READ AT URI REUNION
IN '09.
YOU MET UP.
YOU MIGHT HAVE THEN EACH
OTHER BEFORE THAT.
YOU VISITED HER THERE.
THAT VISIT SET TO BECOME A
CEO.
WHAT DID YOU SEE WHEN YOU
WENT.
THIS IS THE KIP WANT TO BE A
PART?
WELL.
YEAH.
FIRST AP FOREMOST.
THE EVENING OF THE REUNION
EVEN, ALLOWED FIRST TO KIND
OF TALK ABOUT.
SO THE NEXT DAY AS I WAS
CLICKING PHOTOS.
I RECOGNIZED VERY QUICKLY
THAT IT HAD THE BRND, SO
BEING IN THE OPTICAL TRI.
I WAS LOOKING AT POTENTIALLY
LAV.
SURE.
WHEN WE, YOU KNOW,
FURTHER HAD OUR DISCUSSIONS
AND THEN I REALIZED AGAIN
THE AUTHENTICITY.
CANNOT STRESS THAT ENOUGH.
WE ARE NOT HERE THINKING
THAT OKAY, THERE IS AN
OPENING FOR SOME SORT OF
BUSINESSLY, YOU KNOW, LET'S
BUILD THE GAP.
THIS IS CAROLYN.
IT IS HER BRINGING THESE
BEAUTIFUL PRODUCTS TO THE
WORLD AND THE ACCEPTANCE IS
AGAIN AUTHENTIC IN THE
PEOPLE ARE BUYING THEM FAR
REASON.
NOW THIS, THIS GUESS BACK
TO THE CYNICISM AS A
BUSINESS REPORTER WHICH I
FEELED ABOUT AFTER THOSE
GOALS BUT HOW DO YOU AVOID
BECOMING A FAD.
I SAY PARTLY BECAUSE THEY
ARE SITESSED TO SEE COMPANY
DO WELL IN RODE EYE LP THEM
THEY REMEMBER BEANIE BABIES
GOT HUGE THEN ALL OF THE
SUDDEN THEY WERE NOT AS HUGE
AND WERE NOT SELLING AS
MANY.
ARE YOU GOING TO TAKE IT AS
IT COMES.
DO YOU HAVE PLANS TO MAKING
THIS A LASTING PART?
SURE.
LIFE-STYLE BRAND.
YOU KNOW?
THEY ARE BLD FOR A REASON.
WHERE WE EXPERIENCED
PEOPLE.
WE HAVE EFFORTS IN PLACE AND
INVESTMENTS IN PLACE TO
BUILD A LIFE-STYLE BRAND.
MY TARGET IS RALPH LAUREN.
MY TARGET IS BIRCH SO WHEN
YOU LOOK AT ALL THE PRODUCTS
THAT WE HAVE SOON AVAILABLE
TO US AND POTENTIAL
EXTENSION, IT IS AGAIN PART
OF PULLING THROUGH THE
DESIN, THE RESEARCH, THE
HARD WORK, AND SOON YOU WILL
PULL UP COMFORTER OR SIT AT
A CHIR OR COFFEE TABLE OR
WHATEVER YOU HAVE.
SOME OF THOSE ARE OBVIOUSLY
APPARENT AND HANDBAGS AND
BELTS AND ALL OF THOSE
THINGS BUT JUST UNDERSTAND
THIS IS JUST THE LAUNCH
PRODUCT SO WE'LL BE KNOWN
FOR IT.
THAT IS WHAT MOVES OUR
MESSAGE NOW, BUT SOON YOU
WILL BE ACROSS THE BOARD
WITH ANY AND ALL.
THAT IS WHY YOU ARE POE
CUSSED ON SAYING IT IS A
LIFESTYLE BRAND.
THAT IS AM IMPORTANT PART OF
WHO YOU ARE AND WHERE YOU
STARTED.
THAT IS NOW HOW YOU SEE IT.
I SPENT THE FIRST YEAR
MAKING SURE EVERY TIME I SAW
THE WORD JEWELRY.
I DO NOT SELL ALLRY NOR DOES
CAROLYN CREATE JEWELRY WHAT
SHE DOES IS CREATE POSITIVE
ENERGY, RESEARCH, THROUGH
BEAUTIFUL DESIGN.
AND OF COURSE, PART OF THAT
DOES HAVE FASHION AS A
COMPONENT.
SO YOU WILL SEE COLLECTIONS,
WHICH COMPLICATE THE CORE
PRODUCT.
THAT WILL CONTINUE TO BE
PART OF THES ARE SES.
BUT YOU MO HE, THE OTHER
THING TO KEEP IN MIND IS THE
SINCERITY IN WHICH WE ARE
DOING THINGS.
SO WE ARE HERE ENSURING THAT
WE ARE BUILD A PILLAR
BUSINESS OF THE COME-THINK
WAS ONE OF MY PERSONAL GOALS
SO WHEN YOU MENTIONED THE,
YOU KNOW, THE OTHER BIG
BUSINESSES IN THE STATE,
THAT ALEX AND ANWAY BE UP
THERE.
LET ME ASK YOU ON THAT.
HAVING THAT GOAL WHICH I AM
SURE PEOPLE AT HOME LOVE THE
IDEA OF.
COULD THAT HOLD YOU BACK AS
A BUSINESS BECAUSE YOU ARE
COMMITTED TO RODE ISLAND OR
MAYBE IT WOULD BE CHEAPER,
MAYBE THERE IS POSITIVE
ENERGY IN ALABAMA AND THO
THOSE THINGS THERE.
WELL SHALL THINK WE'LL BRING
THE POSITIVE ENERGY TO OUR
ROD DUCT IN THE RESALE
SETTING ABOUT IT IS AN
EXCELLENT QUESTION WHAT YOU
SAY.
BUT THE FACT IS, FOR US, IT
IS PART OF HOW WE BELIEVE
BUSINESS SHOULD BE BUILT.
SO I AM NOT SHY IN DELL TELG
YOU THAT I DON'T LIKE THE
WAY BUSINESS IS RUN OR
DECISIONS THAT HAVE BEEN MID
OR EXECUTED IN THE LAST 30
YEARS.
I THINK IT HAS BEEN A
COMPLETE BE A BR RACIAL FOR
OUR SOCIETY TO EXPORT JOBS,
EXPORT ALL OF THE LIFESTYLE
THAT WE ARE USED TO BECAUSE
OF DECISIONS THAT JUST LOOK
AT THE BOTTOM LINE.
WE TOW CUSS ON A TRIPLE
BOTTOM LINE.
OH I.
IT IS ECONOMIC.
WE ARE HERE TO MAKE MONEY.
IT IS ENVIRONMENTAL.
SO WE USE ROD DUCKS THAT ARE
RECYCLED.
IT IS SOCIAL.
SO OUR CHARITY BY DESIGN
DIVISION IS GIVING BACK.
WE DO SO AS PART OF A
BUSINESS ENVIRONMENT.
WE ARE NOT JUST WRITING THE
CHECK.
THERE IS A RELATIONSHIP
THERE.
ALL RIGHT.
WE HAVE TO TAKE A BREAK BUT
LOTS MORE TO ASK GIOVANNI
FEROCE OF ALEX AND ANI.
STAY WITH US.
YOU ARE WATCHING EXECUTIVE
SUITE.
WELL COBACK TO EXECUTIVE
SUITE.
I AM TED NESI.
OUR GUEST THIS WEEK GIOVANNI
FEROCE OF ALEX AND ANI.
NOW LET'S TALK ABOUT
EXPANSION.
LAUTLY, EVERY WEEK I LOOK
AND YOU ARE BUYING SOMETHING
NEW.
YOU WANT TO WALK THROUGH A
COUPLE OF THE ACQUISITIONS
YOU MADE LATELY.
YOU SEE THIS PICTURE.
SURE.
THE FIRST ONE THAT I NOTICED
IMMEDIATELY WAS ANTHONY'S
MARKETING FIRM THE CONPEGSAL
CANDIDATE.
WHAT WAS IT THERE.
HOW DID THAT FIT IN? WELL,
TWO MAIN REASONS FOR DOING
THAT.
NUMB PER ONE WAS MEDIA I
BUYING WHEN IT COMES TO
PERCENTAGES LET'S JUST SAY
USING THE INDUSTRY RULE IT
IS 15% SO LOOKING AT HOW
MUCH MONEY WE WOULD SPEND
THIS YEAR AND GOING
FORWARD.
IT JUST MADE SENSE WE OWN
OUR OWN MEDIA COMPANY JUST
THE SAVINGS ALONE COULD PAY
FOR IT.
THAT WAS ECONOMICALLY.
THEN FROM A PRODUCTION
STANDPOINT, JUST HAVING THAT
CAPABILITY, I FELT REALLY
ALLOWED US TO CAPTURE OUR
HISTORY, SO AS WE GRE AND
WHAT THAT ALSO DOES, I
GUESS, IT IS A COMPONENT
WHICH IS ECONOMIC AS WELL.
IT ALIGNED OUR CUSTOMER, OUR
WHOLESALE ACCOUNTS SO WE
HAVE THE SAME CONTEN AND
RESPOND QUICKLY TO SOMEONE
WHO WANTED TO PUT AA AD OUT
AND THE SAME ONE HAD AND
PACK ON THE SAVINGS SO THEY
COULD BUY MORE.
NOW ANOTHER ONE, THE NEW
LINE OF CAFE FOODS ANNA
TOOUSLY TOUGH SEGMENT AT THE
MARKET TON IN.
I SAW ONE OPEN IN THE
SQUARE.
I KNOW YOU HAVE MORE
COMING.
S WHAT THE IDEA THERE?
OKAY.
WE RECOGNIZE VERY QUICKLY
THAT THE LINE IS NOT GOING
AWAY.
SOME PEOPLE ARE LITERALLY
UTSITED OF THE DOOR.
WE WANTED TO CREE A
COMFORTABLE ENVIRONMENT FOR
THEM TO CONTINUE TO ENJOY
THE EXPERIENCE SO WITH OUR
PRODUCT WE HAVE VERY PEGS
SPECIAL SITUATION WHERE
THERE IS A PREAND A POST
DISCUSSION.
SOMEONE WILL TALK ABOUT WHAT
THEY ARE THERE FOR AND ONCE
THEY PURCHASE THEY WILL
CONTINUE THE CONVERSATIONS
SO WE WANTED TO GIVE THEM AN
ENVIRONMENT THEY COULD FIT
IN TO TALK.
INTHEN WHEN IT COMES TO THE
ACTUAL PRODUCT THEM SELF WE
THOUGHT THIS WAS AN
OPENING.
YOU KNOW STILL IN LOOKED
AROUND.
WE ALL KNOW THE 800-POUND
GORILLA.
THE STARBUCKS OUT THERE AND
EVERYTHING ELSE.
I LOOKED AROUND.
IT SEEMED BLAH.
THE SAME THING.
WE DECIDED TO DO GO WITH THE
EXPERIENCE.
SO WITH THAT, WE HAVE
AXIATIONAL FOODS ALL MADE
LOCALLY AND THE SANDWICHES
THEY ARE SLICED.
THE PAST INDUSTRIES CROM THE
BEST PLACES.
COFFEE ALSO HERE.
COFFEE,EST.
THE ENVIRONMENT ITSELF, A
LITTLE BIT MORE, YOU KNOW,
UPBEAT.
AND FITTING IN WITH THAT
THE VINEYARD.
NOW YOU JUST HAVE PURCHASED
WHICH I CAN SEE THAT FITTING
IN.
EX PALESTINIAN TO ME THERE.
EX KLY.
SO THE JAVA COMES WITH THE
LIQUOR LICENSE EXPERIENCE.
WE DON'T SELL DRINKS PER SAY
BUT BER AND WINE AND
SPECIALITY COFFEES BUT
AGAIN, WHEN YOU LOOK AT THE
OPPORTUNITY, SO YOU HAD A
BUSINESS, YOU KNOW, WHAT IS
FOR SALE IN THE AREA, YOU
HAD A SITUATION WHERE YOU
MOW, WE WANT TO REINVEST IN
RHODE ISLAND AND THE
COMMUNITY.
SO I LOOKED AT IT.
I PASSED IT BUY CAROLYN.
SHE IS IN LOVE WITH THE
LAND.
SHE IS PART OF WHO SHE IS.
SHE IS JUST GOING TO BE A
GREAT YOU KNOW KEEPER OF THE
COMMUNITY WHEN IT COMES TO
THIS AND AS A BUSINESS WE'LL
RUN IT.
CAROLYN WILL OWN IT.
CONTINUE TO BE CREATIVE TO
BRING GREAT ROD DUCKS TO THE
WORLD.
AND WHEN IT COMES TO TO
ALSO, I THINK I ITS SO
SPECIAL, YOU KNOW
170 ACRES.
THAT WHERE YOU TO TAKE CARE
OF THAT.
SO YOU KNOW, I READ SOME
COMMENT HER AND THERE PEOPLE
THINK I MAY BE OFF THE PIG A
LITTLE BIT.
WHAT ELSE DO YOU WANT IT TO
DO?
BAY SUPERYACHT OR SOMETHING
YOU?
KNOW?
THAT IS PART.
RIGHT.
I GUESS ONE QUESTION I
MEAN.
YOU MUST BE THROWING UP A
LOT OF FREE CASH IF YOU
CONDITION AFFORD.
I THINK IT WAS AS BIT
OVER $8 MILLION FOR THE
VINEYARDS BUT THESE ARE
FINANCIALLY SUSTAINABLE
DECISIONS THROUGHOUT.
THEY ARE.
I MEAN, THAT IS PART OF,
AGAIN, THE PLAN I THINK ONE
HAS TO UNDERSTAND A LITTLE
BIT ABOUT MY PK GROUND WHEN
IT COMES TO PLANNING.
WE SPOKE A LITTLE BIT
OFF-LINE YOU KNOW, I COME
FROM THE UNITED STATES
CENTRAL COME MAN.
I UNDERSTAND STRATEGIC AND
OPERATIONAL.
24 YEAR IN THE U.S. ARMY
RESERVE AND ON ACTIVE DUTY.
EXACTLY.
SO WHEN I LOOK AT A PLAN OR
A BUILT A PLAN, YOU KNOW?
YOU FILL IT IN.
THEN YOU TRANSITION.
I MEAN, LOOKING FOR THE PART
OF THE EFFORTS IN IRAQ AND
OTHER PLACES, I MEAN, THERE
WERE MANY OF US WHO WERE
TRYING TO REPLACE BULLETS
WITH WORDS SO WE MOVED
COMMUNICATION SO YOU ARE NOT
ALWAYS ENGAGING IN THE SAME
MANNER.
SO YOU MOW, I BELIEVE
STRONGLY THAT THEY HAVE A IN
DERFUL BUSINESS MODEL AND
THAT MODEL IS GOING TO GO
THROUGHOUT THE WORLD AND
SIGN DEALS WITH THE CARIBE
PEE ARE IN, 26 ISLAND
NATIONS AND CRUISE SHIPS.
HOPEFULLY YOU GET TO SIGN
THE.
A SOME DAY.
I HAVE NOT.
IT COULD BE A REQUIREMENT.
SOUTH AFRICA, EGYPT, IN
SPAIN, PORTUGAL, WONDERFUL
VISITORS FROM IRELAND, U.K.
THIS GUESS TO A RELATED
QUESTION I HAD FOR YOU WHICH
IS YOU KNOW ARE TALKING
ABOUT THE EXPANSION OF THE
PRODUCT INVOLVED ALL OVER
THE WORLD MEANWHILE YOU ARE
KIND OF COMING ON TO EXPLAIN
THERE.
HOW DO YOU MAINTAIN FOCUS
ACROSS THE COP THAT IS GROW
SOG FAST?
THAT SEEMS LIKE IT COULD BE
CHALLENGE?
WELL, THE WAY I DO IT IS,
IT IS ALL ABOUT MANAGING
TALENT.
SO YOU BRING IN THE EXPERTS
TO WHAT THEY DO BEST.
MORE P.H.D.'S THAN I WENT TO
SCHOOL FOR.
HE IS MANAGING INTERNATIONAL
BUSINESS DEVELOPMENT,
LOCALLY, WE HAVE BROUGHT IN
REAL TALENT AND WE ARE
FORTUNATE.
PEOPLE ARE COMING TO US WHO
ARE EMPLOYED.
MANY KIDS.
THEY WANT TO BE A PART OF
SOMETHING.
HOWEVER, WITH THAT SAID,
CAROLYN AND I HAVE MADE
DECISION TO GROW OUR OWN
PEOPLE.
SO I DON'T THINK THERE IS A
COMPANY ON THE EAST COAST
THAT HAS OUR TALENT
DEPARTMENT AND WITH THAT
MAIN, YOU MAY GO TO SILICON
VALLEY ON THEst COAST OR
OTHERS AND YOU HAVE GOOGLE
AND OTHER, BIN OUR CASE, WE
WANT TO GIVE 27 CRER OLD
WOMAN THE OPPORTUNITY TO
MADGAGE $40 MILLION.
YOU KNOW?
WE WANT TO GIVE, YOU KNOW,
YOUNG GUYS THE OPPORTUNITY
TO MANAGE WHATEVER HIS
PORTFOLIO IS.
AND THAT LEADS TO A COMMENT
I OFTEN MAKE WHICH I THINK
RIGHT NOW YOU COULD PROBABLY
GRAB 20-25 PEOPLE IN OUR
ORGANIZATION AND MAKE
COMPANIES RIGHT NOW.
ALL RIGHT.
HOPEFULLY ALL OF THEM WILL
START.
YEAH.
ALL RIGHT.
WE HAVE TO TAKE ANOTHER
BREAK.
WHEN WE COME BACK.
WHAT DOES ALEX AND ANICEO GY
ON VANNI FEROCE THINK OF
RHODE ISLAND'S BUSINESS
CLIMATE.
STICK WITH US ON EXECUTIVE
SUITE.
WELCOME BACK TO EXECUTIVE
SUITE.
I AM TED NES.
I OUR GUEST THIS WEEK,
GIOVANNI FEROCE, CEO OF AL
LENGES AND ANI.
TRUE OR FALSE, RHODE ISLAND
IS A BAD PLACE TO DO BUS
THESE? I DON'T BELIEVE SO.
WHY?
WELL, I BELIEVE IT IS
INDIVIDUAL EFFORT.
IT REQUIRES BUSINESS
PLANNING.
IT REQUIRES AN UNDERSTANDING
OF WHAT THE OPPORTUNITY IS
BEFORE YOU AND AS
EXPERIENCED AS I AM.
I THINK MOST OF WHAT WE ALL
YOU KNOW VIEW AS NEGATIVE,
NEGATIVES, REALLY APPLY IN
ALL STATES.
YOU KNOW?
MOST ECONOMIC DEVELOPMENT
EFFORTS ARE CANALIZATION OF
THE NEIGHBOR OR SOMEONE IN
THE SOUTHEAST OR WHAT HAVE
YOU BUT THEY DON'T -- YOU
KNOW, THE CLI WHY ITS THE
CLIMATE.
WITH THAT SAID, I THINK THAT
YOU NEED TO, NOW, HE STOP
AND CREATE AN ENVIRONMENT
WHERE SOMEONE KNOWS HOW TO
OPERATE IN IT.
YOU CAN'T KEEP CONTINUING TO
DO THE BAROMETER SO TO SPECK
ON THE ENVIRONMENT.
YOU KNOW, FOR US, IT IS.
I KNOW HOW MUCH IS.
I KNOW IT IS SUPPOSED TO
COST TO OPEN UP SOMETHING,
ET CETERA.
I DO NOT WANT HE ANY
LEGISLATURE OR ANYBODY ELSE
COMING UP WITH THIS IDEA
THAT OH WE SHOULD GO BE
WHERE AN EXTRA 2% HER OR 1%
HERE.
STOP WHERE YOU ARE.
ALLOW US TO GROW.
LET US EMPLOY PEOPLE AND
CREATE YOU KNOW A SITUATION
WHERE THE PAYROLL TAXES AND
OTHER THINGS YOU KNOW
CONSUMER GOODS AND OTHER
SITUATIONS WHERE SALES TAX,
ET CETERA.
THAT CALLS FOR PREDICABILITY
IN POLICY.
IT IS.
IT IS.
AT THE END OF THE A, I LOOK
AT HOW MUCH WE FACE.
SO WE HAVE GONE FROM
ORGANIZATION WITH 23 PEOPLE
AND 2004, EXCUSE ME, IN
2010, TO 374 AS OF LAST
WEEK.
OKAY.
HUNDREDS MORE TO COME.
WHERE DOES THAT PAYROLL TAX
CONTRIBUTION THEN YOU LOOK
THE RETAIL ENVIRONMENT AND
OUR OWN FOUR STORES, FIVE
ACTUALLY SOON, AND OTHER 29
RETAILERS IN THE STATE, AND
ALL OF THAT ACTIVITY IN THE
7% YEAR TO YEAR YOU ARE
CLOAKING ON THAT, ET
CETERA.
SO THERE IS JUST A DIFFERENT
WAY TO GO ABOUT GREEING
BUSINESS, BUT MY COMMENT
WITH THE ONE THIS IS -- KNOW
WHAT YOU DON'T KNOW.
OKAY?
SO NO MATTER WHO YOU ARE,
THE TOP ALL THE WAY THROUGH
DOWN TO THE MUNICIPAL LEVEL,
LET THE BUSINESS LEADERS
GROW THE ENVIRONMENT.
AND THAT IS SPOKEN FROM MY
DEN RIGS.
YOU KNOW, YOU MAKE AN
INTERESTING POINT THERE.
THE NEXT THING I WANTED TO
ASK YOU.
WE ARE TALKING ABOUT
GOVERNMENT POLICY AND THE
IMPACT HERE ESPECIALLY WITH
UNEMPLOYMENT SO HIGH.
HOW MUCH HAS TAXES AND
REGULATIONS IN RHODE ISLAND
IMPACT THE WHICH THEY GRU
AND DECISION YOU MAKE DAY TO
DAY AND BIG DECISIONS?
WELL, I THINK, WHAT WE DO IS
THIS, WE LOOK AT WHAT THE
ENVIRONMENT IS AND BUILD THE
PLAN ACCORDINGLY.
AGAIN, TO REITERATE WHAT I
SAID A MOMENT AGO.
I DONE WANT IT TO CHANGE.
SO IF I SEE ANY HIN! TYPE
OF CHANGE, I MOW, THERE WAS
SLEDGE LATION PROPOSED IN
OUR INCOME TAX OR A LITTLE
BIT OR OTHER THING.
THAT WOULD CAUSE ME TO
REAC.
OTHER THAN THAT, I REALLY
DON'T WANT ANY HELP SO FAR.
OKAY.
I DON'T NEED AN
EXTRA $150,000 OR ANYTHING
LIKE THAT.
OKAY.
JUST LEAVE US ALONE.
ALLOW FOR THE CONDITIONS
THAT HAVE BEEN SET IN
PLACE.
THE ZONES THAT ARE ALREADY
THERE.
OTHER THINGS THAT ARE THERE
AND THEN ALLOW US TO
POTENTIALLY LOOK AT THEM AS
WE ARE A GREEING COMPANY.
RECENTLY I RECEIVED
WONDERFUL LETTERS FROM MAY
YOERS AROUND OTHERS SO SURE
I WILL OPEN UP THE DISTRI
BUGS CENTER OR EXPAND OUT TO
ADDITIONAL HEADQUARTERS OR
MAYBE ONE OF THE DIVISIONAL
BUSINESSES THAT WE HAVE WE
CAN NOW LOOK AT THAT
ENVIRONMENT.
AND THAT MIGHT HAVE BEEN SET
UP BACK IN 1993 BUT ALLOW US
TO TO DO THAT.
BUT I DO, DOW KNOW WHAT THE
STATE NEEDS.
SIMILAR TO DELAWARE IN 1981
THE FINANCIAL SERVICES.
AND WHEN HE DID THAT, IT
BASICALLY RANG A BELL AND
LET THE WORLD KNOW, HEY,
COME ON OVER HERE AND IN
CORPORATE HERE.
WHY DO THAT?
WELL, WHAT WAS BEHIND IT WAS
CALLED A COURT THAT ALLOWS
FOR EVERYONE TO PLAY ON AN
EQUAL PLAYING FIELD SO IT
DIDN'T MATTER YOU FROM MOM
OR POP, YOU HAD A SHOT AT
GETTING VARVE FAVORABLE
OUTCOME.
WE CAN DO THE SAME THING.
LOOK AT ACROSS THE POURED,
ALL THE AREAS WE CAN DO
BETTER IN.
MAKE ONE COMPREHENSIVE PIECE
OF LEGISLATION.
PASS THE ACT.
IN THE KAY CASE, YOU COULD
BE ON NIGHTLY NEW, CNM, POX,
ALL OF THAT STUFF, AND
SIMULTANEOUSLY BE ON ESPN
BECAUSE YOU CAN SAY, COMING
OFF THE SHOWING DEBACLE, THE
STATE OF ISLAND HAS DONE THE
FOLLOWING: JUST LET THE
WORLD KNOW.
THIS IS THE NEW PLACE TO DO
BUSINESS.
WE CAN DO IT.
YOU HAVE TO ALLOW THE PEOPLE
TO THE HOW TO DO IT TO HAVE
INPUT.
ALL RIGHT.
WE ARE HEAD THE END OF THE
SHOW.
YOU MENTIONED 1993 WHEN WERE
YOU A STATE SENATOR.
PEOPLE MAY NOT REALIZE FOR
ONE TERM AS A STATER?
AND WERE YOU A COMMISSIONER
OF THE LOTTERY.
DID YOU THINK ABOUT GETTING
INTO POLITICS AGAIN MOO NO.
DEFINITELY NOT.
NO.
YOU NEVER SAY NEVER.
YOU KNOW?
CERTAINLY NOT IN THE NEAR
FUTURE AND LIKELY NOT AT ALL
BECAUSE I UNDERSTAND WHERE I
PLAY BEST.
YOU YOU KNOW?
THERE IS A CONTRIBUTION TO
BE MADE.
IT IS UNFORTUNATE OF PEOPLE
OF RHODE ISLAND, THE PEOPLE
OF THE UNITED STATES.
YOU SPENT A LOT OF MONEY
EDUCATING IT BOTH YOU KNOW,
GROWING UP IN THE MILITARY
AND I JUST WANT TO GET BACK
WHAT I CAN NOW.
ALL RIGHT.
WELL, WE'LL BE WATCHING THE
FUTURE OF AL LENGES AND
ANI.
NO DOUBT ABOUT THAT.
THAT IS ALL THE TIME WE HAVE
THIS WEEK.
WANT TO THANK MY GUEST GY ON
VANNI FEROCE FOR POSITION
HERE.
IF YOU MISS IT CATCH IT ON
OUR WEB SITE.
I AM TED NESI.
SEE YOU NEXT WEEK.