Hoyt H. (Larry) Larison developed his business skills and management theories at Columbia Paint & Coatings, Inc., where he served as President and CEO from 1976 to 2007.
Columbia Paint & Coatings, Inc. was founded in 1947. Having become CEO in 1976, by 2007 Mr. Larison’s leadership had grown the company to 10 times its 1976 sales level with improved profit margins and into a very profitable and well-respected enterprise with 41 distribution centers in eight western states, including Alaska. It was sold in 2007 to a multi-national coatings company for the highest price ever paid for a business of its kind as a multiple of sales, net profit; or of EBITDA.
Prior to the sale in 2007, Columbia was not publicly traded but had never had a majority shareholder or a majority of ownership on the payroll and was operated like a public company with a Board of Directors elected annually by the Shareholders and corporate officers elected annually by the Board of Directors.
Columbia officers were re-elected annually based strictly on their ability to contribute to profitably growing the business while maintaining balance sheet strength and integrity. Fifty percent of after-tax profit was paid to Shareholders as dividend.
The excellent rate of growth and the ultimate sale of Columbia Paint & Coatings, Inc. is largely attributed to Mr. Larison’s practice and application of eight Key Points of Focus and eight Organizational Protocols. Additionally, many organizations for which Mr. Larison served as Director, President and Chairman have successfully employed these focus points and protocols to their advantage. We’ve listed a few below:
For Profit
Not For Profit
"Give employees input
and influence over
setting goals, plans and
policy...provide incentives
for goal achIevement and
watch your profitable
growth accelerate!"
-Larry Larison