Business Review's Rise and Fall: Tom Izzo and Randy Friedman
One made a very public career move and the other battled with the federal Drug Enforcement Agency. Here are the Ann Arbor Business Review picks for last week's winner and loser in the news:
Rise: Tom Izzo
We got to watch the Michigan State University basketball coach make a very public career decision, and there were some lessons there. We like his loyalty to MSU. We also like how he’s stayed so vital in his role after so many years, keeping his marketability alive. And we like how the financial aspects - such as how he could have doubled his pay - didn’t result in an immediate move. Instead, we saw him weigh his own talents, his job satisfaction and family concerns amid the pay. Good calls, all of them - including the final decision.
Fall: Randy Friedman The former Ann Arbor school board trustee entered a battle with the federal Drug Enforcement Administration after his drug wholesale company had its license to handle controlled substances suspended. DEA officials said The Harvard Drug Group, based in Livonia and co-owned by Friedman, made large and frequent sales to outlets that diverted the medication into illegal sales. The drug distributor, in turn, sued the DEA in federal court to reverse the suspension. Controlled substances account for about 10 percent of Harvard Drug Group’s business; officials described it as one of the nation’s top drug wholesalers.