In great company

Houston financial powerhouse among 6 tycoons inducted into the Texas Business Hall of Fame

Houstonian Gerald Smith (pictured with wife Anita Webber Smith) is now a Texas biz hall of famer. Photo courtesy of © Alexander's Fine Portrait Design

A local business powerhouse has been recognized for his years or work and success. Houston investment manager Gerald Smith, chairman and CEO of Smith Graham & Co., an investment management firm, can now call himself a Hall of Famer.

Recently, Smith was one of six Texas businessmen inducted into the Texas Business Hall of Fame. He and the five other inductees were honored during a dinner at the Hilton Anatole in Dallas.

More on this local tycoon from his Hall of Fame bio: He's also a board member of New York Life Insurance and the Federal Reserve Bank of Dallas, and chairman of the Texas Southern University Foundation. A graduate of Texas Southern University with a BBA in Finance, in 2012, Mr. Smith received an honorary doctorate degree from his alma mater, where he has established the Gerald B. Smith Center for Entrepreneurship and Innovation to help young people of color better compete in today's business environment.

The sole person of color on this year's list, Smith has received numerous awards for his entrepreneurial achievements and community service. Recently, the City of Houston proclaimed Gerald B. Smith and Anita Webber Smith Day for their community and philanthropic giving. He and Anita, have three sons — Marcus, Jackson and Jordan, and one daughter — Joy.

Aside from Smith, this year's inductees into the Texas Business Hall of Fame are:

  • Dallas billionaire Mark Cuban. He is owner of the NBA's Dallas Mavericks as well as chairman and CEO of AXS TV and one of the investors on ABC's Shark Tank.
  • Austin billionaire John Paul DeJoria, who built his fortune through Paul Mitchell hair care products and high-end tequila. Forbes estimated John Paul Mitchell's 2019 sales at roughly $900 million. In 1989, DeJoria co-founded Patrón, the first ultra-premium tequila. Patrón, now the world's No. 1 ultra-premium tequila, was sold to Bacardi in 2018 for $5.1 billion.
  • Fort Worth private investor John Goff. He was co-founder, vice chairman, and CEO of Crescent Real Estate, which Morgan Stanley bought in 2007 for $6.5 billion. Two years later, he bought back the company in partnership with Barclays Capital. Today, Goff is chairman of Crescent Real Estate as well as Houston-based Contango Oil & Gas. He owns The Ritz-Carlton hotel in Dallas and Fort Worth-based spa company Canyon Ranch
  • Dallas private investor Morton Meyerson. Most notably, he is former chairman and CEO of Plano-based EDS and former chief technology officer at GM.
  • Dallas executive Randall Stephenson. He is former chairman and CEO of Dallas-based tech, media, and telecom giant AT&T.
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This article originally ran on CultureMap.

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Building Houston

 
 

A Houston startup is bringing all the dogs to the yard. Photo courtesy of Fido

Considering that Americans will reportedly spend $109.6 billion on pets this year, according to new data, it really pays to be discerning when buying. Now, Houston dog owners can stay local when shopping for their fur babies.

Houstonians Brad Madrid and Bobby Dwyer have launched Fido, a new e-commerce pet wellness brand. Available all over Houston, Texas, and indeed, the nation,

Fido products will initially start with Chill Chews and Clear Ears, both of which are scientifically formulated and aim to provide relief and comfort, per a press release. Products are lab-tested and veterinarian-approved, per the company.

Anxious pups may benefit from Chill Chews, which make training, traveling, and everyday life smoother and are said to help pets relax. The Clear Ears, meanwhile, is composed of natural ingredients such as eucalyptus and aloe and is meant to keep pets’ ears clean and clear of any wax, debris, fungus, and bacteria.

“As a professional dog trainer and breeder, I’ve worked with hundreds of dogs which has allowed me to develop a deep understanding of how dogs think and function,” said Dwyer in a statement. “Through my profession, I’ve discovered a need for products to ensure canines’ health and wellness, and it’s our mission to provide great products to make good boys even better.”

Brad Madrid and Bobby Dwyer have launched Fido, a new e-commerce pet wellness brand. Photo courtesy of Fido

Madrid and Dwyer aren’t just business partners but also brothers-in-law. Bringing science to Fido, Madrid boasts a background in pharmaceuticals, while Dwyer brings canine know-how with his experience as a dog trainer.

Both hope to see their business grow by leaps and bounds. Products are available for purchase on the website and shipping is available nationwide. Plans for products to be sold in local pet stores, as with international shipping available in the future.

If current data is any indication, Madrid and Dwyer are in the right business. A survey of 2,000 dog and cat owners found that 52 percent of respondents said they spend more money on their pets than they do on themselves each year, per GoBankingRates.

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This article originally ran on CultureMap.

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