Table of Contents January 2013

January 2013

Cover story

Shocking developments

Why Jim Rogers is Business North Carolina's Mover and Shaker of the Year is just one of the weird, wacky things that generated business news in 2012.
By Spencer Campbell

There wasn’t much debate about who Business North Carolina’s Mover and Shaker of the Year should be. Not only did Jim Rogers engineer a merger of two of the state’s largest corporations to create the nation’s biggest utility, but he got his job back the same day he relinquished it. On top of that, he helped bring the Democratic National Convention to Charlotte, shining a global spotlight on his headquarters city. But playing major roles in two momentous events didn’t mean his selection was without controversy. To be specific: Was the once and future CEO of Duke Energy Corp. hero or heel in 2012? Our Mover and Shaker of the Year can be either — or both. The magazine’s editors give the award to the person they feel left the biggest wake, for better or worse, in the state’s economy. Rogers made waves, but through three-quarters of the year we weren’t sure if they were from propulsion or revulsion.

More business bloopers from 2012

Features

Staying afloat

With plenty of uncertainty plaguing the markets, our panel of stock pickers is playing it safe in 2013.
By Spencer Campbell

Bobby Edgerton can’t predict the stock market’s behavior. Luck, he claims, plays a bigger role than most analysts admit. So the president of Raleigh-based Capital Investment Counsel Inc. clings to certainties where he can: “I do the numbers so I can buy a company on the cheap.” That worked well last year, when he edged out Frank Jolley to win Business North Carolina’s Hot Stocks competition, and he’s sticking with the strategy this year.

The rules go like this: Five professional stock pickers select three companies from BNC’s Top 75, the magazine’s annual ranking of the largest publicly traded ones based in the state. The panelist whose trio of stocks has the highest average total return wins. In last year’s contest, which ended Nov. 25, Edgerton’s picks posted a 36.7% return, bettering Jolley by 0.2 percentage point. The thin margin of victory shows how much the panel improved compared with the previous year, when three of the five members finished with negative returns. Nobody did this time, with four beating the S&P 500.

Legal Elite 2013

Lessons learned: The state's top lawyers reminisce about how their time as undergraduates turned them into overachievers.
 
Though brief, one’s college years leave a lifelong impression. That’s why we asked the top of the 12th class of Business North Carolina’s Legal Elite how the experience helped prepare them for law school and their careers. They received the most votes in 14 business-related specialties. Their selection began with emails directing more than 20,000 active members of the State Bar to ballots on BusinessNC.com. Lawyers were not allowed to vote for themselves and could pick an associate or partner only if they also chose someone from outside the firm in the same category. More weight was given to those votes. Less than 3.5% of the state’s lawyers — 735, to be exact — made the list this year.
 

Photo Feature

Image conscious
Art Director Merissa Jones focuses on photos to show how we looked at business last year.

Departments

Up Front
Do the write thing.

NC Trend
How the economy turns.

Free & Clear
Unbundling higher education.

Capital Goods
New governor has lots of school choices.

Regional Report
Eastern Triangle Triad Charlotte Western

Special Advertising Sections and Publications

Wealth management

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