Posts Tagged ‘Tower Companies’

14 Executives Who Swear By Meditation–10 do TM

May 19, 2012

Business Insider, a U.S. business news and analysis website, serves as an aggregator of top news stories from around the web. Their original articles are cited by media outlets like the New York Times and National Public Radio.

The May 9 issue compiled a list of 14 successful business executives who meditate, 9 of whom practice TM. They swear by it. This makes sense as a growing number of business executives have been turning to the Transcendental Meditation program to increase alertness, eliminate stress and fatigue, and enhance their creativity. It’s a major factor accounting for their ongoing success.

This list is posted on the website’s War Room page filed under Strategy. Not all the executives say what kind of meditation they practice, but their reasons for doing so are practical and compelling. The ones who do mention TM are: Bridgewater Associates founder and CEO Ray Dalio, who tops the list; former Medtronic CEO Bill George; Def Jam Founder Russell Simmons; Oprah Winfrey; Legal Sea Foods CEO Roger Berkowitz; Ramani Ayer, former Chairman and CEO of The Hartford Financial Services Group; Steve Rubin, former CEO and chairman of United Fuels International; Executive Management Associates CEO Nancy Slomowitz; Marnie Abramson, of the family-owned Tower Companies real estate firm; and Tupperware CEO Rick Goings.

14 Executives Who Swear By Meditation

Jhaneel Lockhart and Melanie Hicken | May 9, 2012, 2:40 PM

CEOs have stressful jobs, and some have taken to intense hobbies to find solace from the daily grind.

Some practice meditation—or even Transcendental Meditation, a mantra-based technique derived about 50 years ago from ancient Indian practices.

We’ve compiled a list of leaders who say that meditating gives them an edge in the competitive business world. Some have even built it into their company’s culture.

Hedge fund manager Ray Dalio uses Transcendental Meditation to check his ego

Dalio — founder and CEO of Bridgewater Associates, the world’s largest hedge fund — has built many of the TM principles into his firm’s culture. According to a New York Magazine profile, Transcendental Meditation informed Dalio’s “belief that a person’s main obstacle to improvement was his own fragile ego; at his firm, he would make constant, unvarnished criticism the norm, until critiques weren’t taken personally and no one held back a good idea for fear of being wrong.”

Click here to read how meditation helped the others become more effective executives. Some even paid for their employees to meditate, reducing healthcare costs and increasing productivity—a smart investment with a profitable return for themselves, and their employees.

For more information on TM for executives, visit this website for the Center for Leadership Performance: Optimizing Wellness, Productivity and Profitability: http://www.tmbusiness.org.

Speaking of Ray Dalio, he’s mentioned in a new book by Maneet Ahuja that comes out May 29, 2012: The Alpha Masters: unlocking the genius of the world’s top hedge fund managers. (ISBN: 979-1-118-06552)

I haven’t seen it yet, but a friend said the first Chapter is on Ray Dalio. In it he speaks highly of TM and is quoted saying it is “the single biggest influence” on his life. He later gives more reasons why he finds it helpful.

Also see: 14 Business Leaders Who Swear By Meditation.

Newer article: Celebs who meditate featured in The Daily Beast.

See Fortune, Forbes, Business Insider report on the beneficial effects of @TMmeditation in business.

Developer Celebrates How ‘Green’ Is Its Building

September 3, 2009

Picture 26
Developer Celebrates How ‘Green’ Is Its Building
Rockville Structure Gets Environmental Kudos
Picture 27
By Rick Rojas
Washington Post Staff Writer
Thursday, September 3, 2009

Two Thousand Tower Oaks Boulevard off Interstate 270 in Rockville looks like most modern suburban office complexes. It’s a sleek and shiny metal and glass structure that seems to have plopped down like an alien spacecraft on a freshly mowed plot.

What’s special about this building, its developers say, is the technology inside, which earned it the superlative from the state government of being the “greenest” office building in Maryland.

Walking into the building, made of an assortment of recycled items including old bluejeans and wheat products, visitors might think they are entering an office with dirt floors, joked Marnie Abramson of the building’s developer, Tower Companies, which is based there.

The building’s insulation is made of recycled denim. A composite of wheat products makes up the doors. The floor is old carpet that has been shaved down.

But, Abramson said, the structure has the amenities of the average office building and then some.

The building has a fitness center, a three-level underground parking garage and flat-screen televisions embedded in its elevator walls. Every work space has an outside view. The air-conditioning system circulates fresh, filtered air in the building every 51 minutes.

Abramson said the building challenges preconceived notions about environmentally friendly structures, such as that having a green building involves sacrificing certain conveniences or that environmental friendliness is counterintuitive to business success.

Tower Companies received $1.6 million in a state tax credit for the building, Abramson said, and dangling carrots like that in front of the business community is a simple and effective way to encourage them to take part.

Because of the tax credit, the idea of green practices as the norm “permeates into the marketplace,” she said. “In the long term, we can build our way into a sustainable future.”

The tax credit, which was created in 2001, allows developers to recoup 6 to 8 percent of construction costs if a building qualifies for platinum status in the Leadership in Energy and Environmental Design, or LEED, rating system.

Reaching platinum status includes using 100 percent wind energy, limiting water and electricity consumption, reducing air and light pollution and making sure 90 percent of occupants have outside views.

Tower Oaks was the first building in Maryland to qualify and was named the greenest office building in Maryland by state Comptroller Peter Franchot (D) last month.

Joe Shapiro, a spokesman for the comptroller, said the building is a “shining example for the rest of the state . . . because it has an economic value and an environmental value.”

Shapiro said LEED platinum buildings save on utility costs and increase productivity. State officials hope the tax credit encourages prospective businesses to reach for platinum status, he said.

Abramson said prospective tenants have told her, ” ‘I don’t know if I can afford the premium for a green building.’ ” Her response: “I don’t think you can afford not to.” Constructing something like Tower Oaks isn’t just environmental citizenship; it’s smart business, she said.

Going green increased overall construction costs by slightly more than 1 percent, she said. But employee productivity has increased, and fewer employees called in sick this past winter than in any other year, Abramson said, crediting the fresh air and natural light.

Debbie Webb, director of property management for Tower Companies, has taken notice of the difference in her own work space. She has been at Tower Companies since it moved in February and worked for other property management companies for 18 years.

“You start off in the basement or in some place where no one wants to rent,” she said of the standard property management work area. And, she said, with the lights flipped off and the midday sun flowing in, “it’s just such a healthy environment.”

Abramson said the company is looking toward the next step: finding a way to generate its electricity on site.

“We’re superheroes,” she said. “It’s our job to save the planet through real estate.”

http://tinyurl.com/mrkf7x


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