NITE - or at least, so it seemed on June 20th
And while it wasn't really a night meeting, Luncheon didn't seem to fit the word
Retread - so exercising the editorial privilege for which I assume I'm famous -
this is the story of what went on. We started, as usual, with the Pledge,
led nicely by MARK BLOCK. It's A Grand Old Flag, selected and led by LENNY
FRIEDMAN, was accompanied by GREGG ELLIOTT (and, in case the title isn't
familiar, that was our song). BRUCE ROLF quoted "Be Careful"
listing, in order, your thoughts, your words, your actions, your habits, your
character, and that all leads to your destiny. Certainly a helpful
reminder - and we all need all the help we can get…
ELLIOTT TURNER was called upon to introduce the Visiting Rotarians; and the
first one, whom he claimed had sponsored him into WVRC, was DAVE LONG. DAVE
now belongs to Manhattan Beach, but there was another, alas - PP BILL BLOOMFIELD
JR is from the same place, and he had the good sense to bring BILL SR. along.
Supervising (or was it Acting?) President DAVE WHITEHEAD pointed out that
BILL JR'S working title in Manhattan was Benedict Arnold, to which there seemed
to be no rejoinder. However, rising to the occasion, BILL puffed up this
week's Speaker, saying that his coming was the talk of the town, etc. He
added that it was almost impossible to wait for the marvelous program which was
to follow, particularly as overseen by the aforementioned DAVE. One serious
note, here, if I may. While we have inducted over a dozen excellent
members this year, please note those we have lost - DORE CHARBONNEAU, ANN ELKIN,
URI HERSCHER, RON KLEPETAR, BERT KREISBERG, DAVE MORE, LYNDON PARKER, GEORGE
REED, NEVIN SENKAN and JULIE THOMPSON. Over time, we do average a 10%
loss, so keep those new members coming in, please.
Speaker RON then introduced his guests, wife Marianne, and sons Brian (13) and
John, who is 9. DAVE introduced his wife, Karen, who brightened up the
atmosphere, particularly when she greeted me as 'Number One' (yes, that's an
'in' joke, from the Demotion). DAVE further enlightened us that he and
Karen were married while he was President, and despite the suggestion by PDG
BILL GOODWYN, they held the ceremony elsewhere than at our regular Thursday
meeting. He admits that is probably why they are still married -but you do
have to recognize that GOODWYN'S idea would have saved DAVE some money… And
speaking of meetings, DAVE reminded us that next week will be chaired by PP DOUG
DESCH, who in turn pointed out that it would be informal, with a Mexican buffet,
MARGARITAS, and besides, it is Spouses' Day!
MIKE NEWMAN next inducted our three newest members - TONY MARRONE, AL BELLANCA,
and CHARLES MAGNUSON. TONY and AL were sponsored by PP JIM SUMNER, while CHARLES
had RALPH BEASON standing up for him. TONY'S
Classification is group employee benefits, he was born in Pueblo, CO, his wife's
name is Veneice, and they have four sons. He enjoys golf, tennis, and
reading. AL is a CPA, was born in Buffalo, NY, his wife is Hilda, and they
have three kids. He, too, likes golf exercising, and is an active
community volunteer. PP JIM was asked what he had said to his two new
inductees. "Have you ever thought of joining our Rotary Club?"
(Editorial comment - sounds like a pretty straightforward pitch to me -
and as they say, if you don't ask, you won't get…). CHARLES MAGNUSON is
an attorney, specializing in taxation, was born in Seattle, his wife is Carole,
they have two sons, and he especially enjoys fly-fishing. CHARLES is also a
hiker, likes reading history, and is interested in photography. Sponsor
RALPH BEASOM added that CHARLES is his next door neighbor, and his wife, Carole,
is quite a gardener. PP MIKE then returned to his frequent theme, What is
Rotary? We are an active group, leading the campaign to do away with polio
in the whole world - which will happen by 2005 - and as a local example our
District alone has just awarded four $25K scholarships (from among 18
applicants) for study aboard. These Ambassadorial Scholarships are better
than Fullbright's - and yet we don't seem to get the public recognition we
deserve for the many good things we do. Be involved, and what you put into
Rotary will be returned to you ten times over! Thanks, MIKE - another excellent
presentation - and certainly our three newest members deserved the standing
ovation they received.
led into my intro of RON by reminding us all that we started our Polio Plus
support program during RON'S tenure, with PP HOWIE HENKES in charge. WVRC
raised over $120K - best in the District, as usual - and this was just part of
the total of FIVE HUNDRED million dollars Rotary will donate to polio
eradication. Then it was my turn, and I reminded all that RON was one of a
fairly long line of father-son members. For the record, the surnames include
Bloomfield, Stoner, Reed, White, Newman, Walker, Wanglin, and Wolfe. RON joined
Rotary in 1977, was President exactly fifty years after his dad, CHASE WANGLIN,
served (1937 and 1987), and was preceded by BILL BLOOMFIELD JR, and followed by
As RON started to speak, there was a lot of commotion toward the rear, with
ELLIOTT TURNER, MARK BLOCK, PP JOHN SINGLETON, MIKE YOUSEM and PP CHRIS GAYNOR
suddenly bolting out the back door - comments included "I've got a
meeting" and "I've already got insurance" plus a couple of other
remarks, which in the interest of this being a family publication, had best be
left unreported. But RON overcame this minor interruption, told us how pleased
he was to be our speaker, and - to be completely serious for just this one
moment, YOE has to report that RON really gave us a great program. Senior
Craft Talks are our best programs, and RON ably carried on this wonderful
CHASE WANGLIN was RON'S dad. He founded the Westwood Hills Press in 1929,
joined WVRC in '32, and sold the paper to Copley in 1937. Then he went into
Insurance, both life and casualty. Meanwhile, RON was born in LA, attended
Beverly Hills High, graduated from Berkeley, and attended Hasting Law for a
couple of years. A year after he joined his dad's firm, CHASE retired - but
meanwhile, SIX WEEKS after becoming part of Chase Wanglin Insurance, RON joined
WVRC! He well remembers attending Rotary meetings as he was growing up,
and was particularly grateful for the warm welcome he always received from men
such as JOE VALENTINE, DR MILO BROOKS, BOB CAMPBELL, DON HANDY, BILL PEPLOW -
the list goes on. And he reminded us all that bringing your kids to Rotary
is special - good for all concerned, to paraphrase just a bit. While, even
then, we had our share of older members, he was pleased to be able to associate
with other youngsters, such as LEE WALKER, DAVE WHITEHEAD, BILL BLOOMFIELD - the
mix of ages was great fun.
Earlier, I had asked, editorially, where Hump Day came from - and RON started
it, since he KNEW that BILL BLOOMFIELD JR needed encouragement in his long slide
downward after the first of the year! At that point, it was a five-minute
segment, but these things tend to grow, as we have all witnessed…I did
comment, at this point, that I was very pleased to learn that he, at least READ
the Windmill! Turning to his business, RON is now the President and CEO of
Bolton and Company, Insurance Brokers. Their annual sales are $175
million, with 130 employees, a home office in Pasadena and a branch in Oxnard.
Their targeted customers are firms grossing 5 to500 million dollars.
70% of their business is commercial, 22% employee benefits, and the
remaining 8 personal lines.
They plan to bill $250 million within five years, and $500 million in ten years!
These increases are driven by the Insurance Companies themselves.
RON feels that his legal background has been very helpful. He reminds his
people that you have to learn how a given business works before you can really
help with their insurance needs - you can then tailor their coverage to meet
those needs. He travels almost 35% of the time, usually for just 2 or 3
days at a time. Historically, insurance markets are soft for 10 to 12 years, and
then become hard for 2 or 3 years. (soft means prices are down, hard means they
are up, OK?)
Note that RON'S firm is a brokerage - they SELL insurance, but the Insurance
Companies issue the policy. There are three ways an insurance company can
operate. They can take the whole risk. They can share some
agreed-upon amount with re-insurance firms. The rate here is determined by
treaties - and, as an aside, YOE thinks negotiating those could be a challenging
endeavor…It does, however, provide a fixed rate, usually for a calendar year.
The third way is called facultative insurance - this means purchasing
coverage on the open market, and it can get very expensive!
A quick word about 9/11 and the World Trade buildings. Total claims are
expected to be between 50 and 70 BILLION dollars. A major issue here is
whether there were one or two incidents, since each building was insured for 3.5
billion. Thus the total liability for just these two buildings could be either
3.5 or 7 billion, and that's enough difference to cause some discussion.
Some personal notes, finally. RON is both a coach and a referee for Brian
and John's soccer teams. He is Chairman of the Board of Trustees of The
Buckley School, where his boys go. That, plus his sometimes round of golf, keeps
him busy. We miss you here, RON, but it does appear you have some outside
commitments which need attendance.
However, spurred on by questions - PP STEVE SCHERER - "What About
And PP DAVE WHITEHEAD - "Do you favor an interlocking or overlapping
Plus apologies for not including his AESOP lecture,
WANGLIN GOLF TIPS now follow!
1. When playing with BILL or DAVE, get at least a stroke a hole.
2. When playing with MIKE, time your mention of ACCOUNTS RECEIVABLE to coincide
with his backswing - you've got him for the rest of the round!
3. Allow a clear radius of 270 degrees to be entirely out of danger.
YOE, Ernie Wolfe