Randy Haug Receives 2024 Person of the Year Award
at LTi Dinner, 36th ELFA Annual
National Funding Conference

Presented by Shari Lipski, CLFP, Principal, ECS
  Finance Services, Board Chair, Leasing News

About Randy Haug and Nomination for the Award
https://leasingnews.org/archives/Jan2025/01_15.htm#haug

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Previous Leasing Persons of the Year
Several for Careers of their Body of Work

2023 - Ken Greene,, Esq. Attorney https://leasingnews.org/archives/Jan2024/01_17.htm

2022 - Steve Glazer, California State Senator
https://leasingnews.org/archives/Jan2023/01_05.htm#poy

2021 - Lovern J. Gordon, CLFP
https://leasingnews.org/archives/Jan2022/01_04.htm#poy

2020 - Tom McCurnin, Attorney, Barton, Klugman & Oetting, Leasing News Legal Editor/Writer
https://leasingnews.org/archives/Jan2021/01_05.htm#poy

2019 - Monica Harper, Executive Director, American Association of Commercial Finance Brokers https://leasingnews.org/archives/Jan2020/01_08.htm#poy

2018 - Gerald "Jerry" Parrotto, retired CEO/President, Molloy Associates; Publisher Monitor, ABF Journal http://leasingnews.org/archives/Jan2019/01_03.htm#loy2018

2017 - Deborah Monosson, President and CEO, Boston Financial& Equity Group http://leasingnews.org/archives/Jan2018/01_03.htm#poy

2016 - Reid Raykovich, CLFP, Certified Lease & Finance Professional Foundation http://leasingnews.org/archives/Jan2017/01_04.htm#poy

2015 - Bruce Kropschot, The Alta Group http://leasingnews.org/archives/Jan2106/01_06.htm#poy

2014 Valerie Jester, President, Brandywine Capital Associates https://leasingnews.org/archives/Jan2015/1_05.htm#jester

2013 Bernard D. Boettigheimer, CLFP, Founder, Lease Police http://leasingnews.org/archives/Jan2014/1_07.htm#poy

2012 Tony Golobic, President, GreatAmerica Financial Services http://leasingnews.org/archives/Jan2013/1_07.htm#poy

2011 John C. Deane, Sr. Managomg. Partner, The Alta Group http://leasingnews.org/archives/Jan2012/1_04.htm#2011_poy

2010 Curt Ritter, CIT, VP, Communications/Media Relations http://leasingnews.org/archives/Jan2011/1_04.htm#ritter

2009 Ralph Petta, COO, Equipment Leasing and Finance Association http://leasingnews.org/archives/Jan2010/1_05.htm#poy

2008 Robert Teichman, CLFP, Teichman Training http://www.leasingnews.org/archives/January%202009/01-05-09.htm#year

2007 Randall H. Brook, Sr. Attorney, Federal Trade Commission http://www.leasingnews.org/archives/January%202008/01-07-08.htm#lpy

2006 Paul A. Larkins, Key Equipment Finance http://www.leasingnews.org/archives/January%202007/01-03-07.htm#year

2005 Paul J. Menzel, CLFP, Pacific Capital Bancorp. http://www.leasingnews.org/archives/January%202006/01-03-06.htm#person

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Should I Tell My Work Colleague I am Looking?
Career Crossroads---By Emily Fitzpatrick/RII

Question: I am currently employed and I am interested in pursuing new opportunities; I believe my colleague has caught wind of this. I consider this colleague a friend. Do you think I can share this information with my colleague?

Answer: In short, NO. Many of us have made “friends” in the workplace, but keep in mind they are work colleagues. You should never share your intentions until you have secured your new role and given proper notice to your employer. Not only is the job market competitive, but your current employment could be jeopardized due to an unintentional (or intentional – I hate to say) “leak”. Keep your intentions close to the vest ….

After you have secured your new role and given proper notice, then and ONLY then should you share your good news.

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241

Balboa Capital Available Position
Program Manager II- Equipment Broker Sales

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Top Ten Most Read by Readers
April 14 to April 18

(1) California Passes Law Extending
  Debt Collection Rules: Update
Ken Greene, Leasing News Editor, Emeritus
https://leasingnews.org/archives/Apr2025/04_16.htm#c

(2) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Apr2025/04_16.htm#hires

(3) New Hires/Promotions in the Leasing Business and   
Related Industries
https://leasingnews.org/archives/Apr2025/04_14.htm#hires

(4) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Apr2025/04_18.htm#hires

(5) ELFF Reports Monthly Confidence Continues
Downward Trend: April 41.9 from March 58.1
https://leasingnews.org/archives/Apr2025/04_18.htm#elff

(6) Ask Alan Lakien’s
Question
https://leasingnews.org/archives/Apr2025/04_14.htm#ask

(7)  AILCO Partners with LTi Technology Solutions
To Transform Equipment Finance Operations AILCO
Partners with LTi Technology Solutions
https://leasingnews.org/archives/Apr2025/04_14.htm#ailco

(8) 70% of Small Businesses to Move in the
   Next 2 Years
    by Bob Coleman, Coleman Report
https://leasingnews.org/archives/Apr2025/04_16.htm#70

(9) Answering the Question "Tell Me About Yourself?"
By Ken Lubin, Managing Editor, ZRG Partners
https://leasingnews.org/archives/Apr2025/04_18.htm#answering

(10) The True Value of Originators in a Recession
By Scott Wheeler, CLFP   
https://leasingnews.org/archives/Apr2025/04_16.htm#true

 

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Conferences and Forums
Commercial Finance/Leasing Finance

May 19: Broker Fair, New York City  The Best is Yet to Come
https://brokerfair.org
https://brokerfair.org/register/ Now is the time to  book your room for discounted rate: https://brokerfair.org/hotel-2025/ 
Don Cosenza, 17-year Public Relations and spokesman for North Mill Equipment Finance and past National Equipment Finance Association past board member, writer for Leasing News, will cover the Broker Fair.

September 10-12: AACFB Commercial Financing Expo, Austin, TX
Conference Details Coming Soon

October 14-16: National Equipment Finance Association Fall Conference, Renaissance Hotel, Minneapolis, Minnesota
Conference Details Coming Soon

October 26-28: ELFA 64th Annual Convention, Marco Island, Florida
Conference Details

To be listed or update: kitmenkin@leasingnews.org

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Key Takeaways

Households in Hawaii have the most cash in the bank at $43,600. In contrast, the median bank balance in Mississippi is about $2,000. In times of economic uncertainty, cash is king.

Personal finance advisers SmartAsset analyzed median bank deposit data from the Bureau of Labor Statistics. The latest government figures are from 2022, and a 6.34% inflation rate was applied to convert those figures into 2024 dollars.

This median bank balance number visualized includes checking and savings deposits. Data is unavailable for six states: Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming.

Source: Visual Capitalist

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News Briefs

The Trump Tariffs Are Tilting the Scales
 in the Coke vs. Pepsi Battle
https://www.wsj.com/business/retail/pepsi-soda-tariffs-manufacturing-coca-cola-76dffe02?mod=business_lead_pos1

The Boardroom Eruption Over
     the Future of Harley-Davidson
https://www.wsj.com/business/inside-the-boardroom-eruption-harley-davidson-future-ceo-search-proxy-battle-e740b646?mod=business_lead_pos3

China Is Finding Ways to Replace American Farmers
https://www.nytimes.com/2025/04/20/business/tariffs-china-us-farmers.html

Boeing jet returns to US from China,
    a victim of Trump's tariff war
https://www.reuters.com/business/aerospace-defense/boeing-jet-returns-us-china-victim-tru

Rubio says US ready to ‘move on’ from Ukraine peace talks
https://www.courthousenews.com/rubio-says-us-ready-to-move-on-from-ukraine-peace-talks/

These Maps Show Federal Employees Work
   in Every Corner of America
https://www.nytimes.com/interactive/2025/04/20/us/politics/federal-workers-america-map.html

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Donald Troop Planning Giant Military Parade in his Honor
 Streets of Washington, D.C., June 14 his Birthday, also Flag Day
https://www.courthousenews.com/what-is-the-world-speed-record-for-goose-stepping/

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Sports Briefs

Reports: Derek Carr has shoulder injury,
2025 status iffy
https://www.linkedin.com/in/jenny-dubinsky-cpa-6146423b/details/experience/

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California News Briefs

Goodwill to close 11 San Francisco Bay Area locations
    and lay off staff after major merger
https://www.sfchronicle.com/bayarea/article/goodwill-bay-area-closures-20285046.php

Barbara Lee Wins Oakland Mayor’s Race
   in Her Return Home
https://www.nytimes.com/2025/04/19/us/barbara-lee-oakland-mayor.html

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Gimme that Wine

 

http://www.youtube.com/watch?v=EJnQoi8DSE8

Most exciting debuts in Washington in the last 15 years
https://www.northwestwinereport.com/2025/04/jett-jackson-familys-washington-winery.html

Frugalpac’s paper wine bottles scale with Target debut
https://www.packagingdive.com/news/frugalpac-paper-wine-bottle-target-debut/745566/

Symington declares first classic Vintage Port in six years
https://harpers.co.uk/news/fullstory.php/aid/34103/Symington_declares_first_classic_Vintage_Port_in_six_years.html

In Ancient Trojan Society, Wine Was for Everyone

https://www.winespectator.com/articles/in-ancient-troy-wine-was-for-all-archaeologists-find