LISA STEEN PROCTOR
The 40 rising stars spotlighted by the Business Journal last year are not getting older they're getting more successful.
While most of those profiled are in the same positions, many of their companies are now larger, and some of their responsibilities have been expanded.
One other thing: The jobs tend to get even tougher.
"I'm working harder becuase of an increase in business and a greater involvement in the community," says Dominic Ng, the 38-year-old president and CEO of East-West Bank.
Ng, who serves on the Board of Governors of Town Hall and the board of the United Way, is not alone. Many of the Business Journal 40 found that as their success grew, so did their desire to become more involved in the community activities that often conflicted with already busy schedules.
Frank Moran, president of Team-One Staffing Services Inc., knows all too well about the conflict.
Moran, 36, spent much of last year in his role as president of the Latin Business Association, which has gained a significantly higher profile in L.A.'s business community. The bad news is that his own business saw only modest growth last year.
As a result, Moran, who was recently re-elected to the LBA, says he will do more delegating.
"What being involved with the LBA has shown me is that we have an enormous capability to do far more in a more efficient manner when we have to," says Moran. "I'm getting better at the same game and one of the key ingredients is the ability to delegate."
Financial success stories abound among last year's group.
Robert Kotick, chief executive of Activision, saw earnings climb last year to $5.5 million on revenues of $61.4 million, compared with a net loss of $1.5 million on revenues of $40.7 million the year before.
Kotick attributes the company's revenue growth, which has been about 40 percent a year, to an increase in the number of game titles and an increasing base of hardware PCs and game stations on which to play Activision games.
"We're now at a revenue base where opportunities are coming more quickly and more ferociously, especially with our revenue growth in international markets," says Kotick. "I'm even more energized seeing many of our competitors performing poorly."
John Bryant is another entrepreneur from last year's report who has seen his organization grow.
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