{"id":1130,"date":"2019-02-27T13:51:00","date_gmt":"2019-02-27T18:51:00","guid":{"rendered":"http:\/\/me.business.holycross.edu\/?p=1130"},"modified":"2019-02-27T13:51:00","modified_gmt":"2019-02-27T18:51:00","slug":"ciocca-center-intern-interviews-rick-patterson-80","status":"publish","type":"post","link":"https:\/\/blogs.holycross.edu\/business\/2019\/02\/27\/ciocca-center-intern-interviews-rick-patterson-80\/","title":{"rendered":"Ciocca Center Intern Interviews Rick Patterson &#8217;80"},"content":{"rendered":"<p><strong>Rick Patterson &#8217;80<\/strong><br \/>\n<strong>Founder of Coniston Capital<\/strong><\/p>\n<p class=\"p1\"><span class=\"s1\">Rick Patterson \u201980 was an economics major and currently serves as the chair of the Holy Cross board of trustees and is a director of Global Weather Corporation and RedShelf Inc. \u00a0Rick has been a trustee on the Holy Cross Board since 2011 and became chair in Aug 2018. As a first generation student, Rick\u2019s time on the hill was dedicated to working hard and knowing he wanted a career in business. \u00a0After Holy Cross, Rick went on to earn his M.B.A in finance and international business from Columbia University.\u00a0<\/span><span class=\"s1\"> Rick began his career in 1982 as a banking officer at Mellon Bank, where his first assignment was actually as a driver for a corporate golf event! \u00a0Before founding Coniston Capital, Rick was a founding partner of Spire Capital (1999-2015) and previously a partner at Waller Capital Corporation (1986-1999). \u00a0As founder of Coniston Capital, Rick drove investment opportunities within the media and communications sectors. Based in New Jersey, Rick dedicates much of his time to the Holy Cross community. \u00a0Since becoming chair of the board in September 2018, Rick\u2019s visit to Worcester in February 2019 marks his 8th trip back to the hill.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-1131 size-full\" src=\"https:\/\/blogs.holycross.edu\/business\/wp-content\/uploads\/sites\/4\/2019\/02\/rickpatterson.jpg\" alt=\"\" width=\"491\" height=\"351\" \/><\/p>\n<p class=\"p1\"><strong><span class=\"s1\">Most important qualities of CEO\/President:<\/span><\/strong><\/p>\n<p class=\"p1\"><span class=\"s1\">Rick values natural leaders with a vision and the ability to express that vision. \u00a0The best CEOs a<\/span><span class=\"s1\">re people who \u201ccan select and motivate talent.\u201d<\/span><br \/>\n<!--more--><\/p>\n<p><strong><span style=\"font-size: 1rem\">Importance of Mentorship:<\/span><\/strong><\/p>\n<p class=\"p1\"><span class=\"s1\">Rick is a \u201cbig believer\u201d in the power of mentoring. \u00a0Many of Rick\u2019s mentors were bosses who \u201cshepherded him along.\u201d \u00a0It is important to have personal relationships with people who share their knowledge and guide you along the way.<\/span><\/p>\n<p class=\"p1\"><strong><span class=\"s1\">Holy Cross Board of Trustees:<\/span><\/strong><\/p>\n<p class=\"p1\"><span class=\"s1\">Rick described how \u201cjust as much goes on outside of the board room as what goes on inside.\u201d \u00a0The connections, comradery, and community-feel among board members is a crucial aspect to the conversations and consensus building. \u00a0As chair, Rick promotes a culture of engagement. The role of the board at Holy Cross is different from the board of a corporate company. \u00a0The Holy Cross board values people who will dedicate their time, talent and treasure to the College. The talent that the board looks for encompasses a broad array of experience from graduates to priests, professors, and parents. \u00a0Those who serve on the board of trustees at Holy Cross are often the biggest donors. The forty-four people that sit on the board are asked to make Holy Cross the primary destination for their charitable donations. Rick knows that a good board interacts with the people in the organization, in this case it\u2019s the student body. \u00a0Every year, a recent grad joins the Holy Cross Board for two years. Board members are allowed two four-year terms and the chair serves for four years. The board meets formally three times per year in Worcester and the committees meet with greater frequency. \u00a0Most trustees attend a significant number of campus events and college events around the country throughout the year. \u00a0<\/span><\/p>\n<p class=\"p1\"><strong><span class=\"s1\">The Nine Holy Cross Board Committees:<\/span><\/strong><\/p>\n<ul>\n<li class=\"p1\"><span class=\"s1\">Finance Committee<\/span><\/li>\n<li class=\"p1\"><span class=\"s1\">Investment Committee<\/span><\/li>\n<li class=\"p1\"><span class=\"s1\">Mission Identity Committee<\/span><\/li>\n<li class=\"p1\"><span class=\"s1\">Student Affairs Committee<\/span><\/li>\n<li class=\"p1\"><span class=\"s1\">Academic Affairs Committee<\/span><\/li>\n<li class=\"p1\"><span class=\"s1\">Athletics Committee<\/span><\/li>\n<li class=\"p1\"><span class=\"s1\">Audit and Risk Committee<\/span><\/li>\n<li class=\"p1\"><span class=\"s1\">Admissions and Financial Aid Committee<\/span><\/li>\n<li class=\"p1\"><span class=\"s1\">Buildings and Grounds.<br \/>\n<\/span><span class=\"s1\"><br \/>\n<strong>How do you define successful corporate governance?<\/strong><br \/>\n<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">\u201cYou know bad governance when you see it, but you don\u2019t necessarily appreciate good governance when you&#8217;re in it.\u201d \u00a0Rick describes how corporate governance succeeds when the directors are personally invested and there is a good exchange of information between management, directors and investors. \u00a0The board at Holy Cross has a good governance structure &#8211; a \u201crollover\u201d business, allowing for fresh faces and new perspectives to keep supporting the College in the best ways possible. \u00a0<\/span><\/p>\n<p class=\"p1\"><strong><span class=\"s1\">Rick\u2019s advice:<\/span><\/strong><\/p>\n<p class=\"p1\"><span class=\"s1\">Once while riding on a chairlift, Rick received some advice that he\u2019s kept with him over the years: \u2018We all have disappointment in life, I work my hardest to live without regret.\u2019 \u00a0Another motto Rick strives to live by is that \u2018life is an attitude, I choose happy.\u2019 When asked about what advice he\u2019d give to Holy Cross students, Rick reminded students that \u201cyou get what you put in\u201d and that there is no place to hide here on the hill. \u00a0He described how community is fostered at Holy Cross as a unique and distinguishing characteristic of the College. \u201cLife is not a straight line.\u201d As life is unpredictable, Rick urges students to take advantage of all that Holy Cross offers and to engage in opportunities while on the hill and to be open to the abundant opportunities life presents.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><br \/>\n<strong>Fun fact:<\/strong><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Rick served as former chairman and director of the Professional Bull Riders, which is an international organization of more than 600 cowboys. \u00a0Rick pursued this particular endeavor because he wanted \u201cto be a part of something that people are extremely passionate about.\u201d He learned that within the cowboy culture, it is important to never lose credibility. \u00a0Honesty lies at the core of Professional Bull Riders. \u00a0<\/span><\/p>\n<p>&#8212; &#8212;<\/p>\n<p>Rick Patterson &#8217;80 was interviewed by Sarah Anderson &#8217;20 through her internship with the Ciocca Center.\u00a0 Thank you both!\u00a0 Cassie<\/p>\n<p>Cassie Gevry, Associate Director of Student Engagement<br \/>\nCiocca Center for Business, Ethics, and Society<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rick Patterson &#8217;80 Founder of Coniston Capital Rick Patterson \u201980 was an economics major and currently serves as the chair of the Holy Cross board of trustees and is a director of Global Weather Corporation and RedShelf Inc. \u00a0Rick has been a trustee on the Holy Cross Board since 2011 and became chair in Aug &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.holycross.edu\/business\/2019\/02\/27\/ciocca-center-intern-interviews-rick-patterson-80\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ciocca Center Intern Interviews Rick Patterson &#8217;80&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[18,46,56,76,86,155,187,227,246,373,485],"class_list":["post-1130","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-alumni","tag-board","tag-business","tag-ceo","tag-ciocca-center","tag-entrepreneur","tag-founder","tag-holy-cross","tag-intern","tag-president","tag-trustee"],"_links":{"self":[{"href":"https:\/\/blogs.holycross.edu\/business\/wp-json\/wp\/v2\/posts\/1130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.holycross.edu\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.holycross.edu\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.holycross.edu\/business\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.holycross.edu\/business\/wp-json\/wp\/v2\/comments?post=1130"}],"version-history":[{"count":0,"href":"https:\/\/blogs.holycross.edu\/business\/wp-json\/wp\/v2\/posts\/1130\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.holycross.edu\/business\/wp-json\/wp\/v2\/media?parent=1130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.holycross.edu\/business\/wp-json\/wp\/v2\/categories?post=1130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.holycross.edu\/business\/wp-json\/wp\/v2\/tags?post=1130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}