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Out To Lunch: Earth Orbit And Beyond

Grant Morris
/
It's New Orleans

 

Sure, New Orleans business is doing better than it has in decades (if not ever)... but in your wildest imaginings it's unlikely you've had any idea that "the sky's the limit" has, in the last few years, gone from being a visionary fantasy to an aerospace reality. While many are still evoking the New Orleans credentials of being the birthplace of jazz and the cocktail, two extraordinary local businessmen are giving us, literally, a whole new world to brag about.

Bobbie Savoie is CEO of Geocent, a technology and engineering firm whose clients range from the United States Government to the oil and gas industry. Among other accomplishments, Geocent's contribution to the aerospace industry has earned Bobbie Savoie NASA's highest honor — the Distinguished Public Service Medal. Past recipients have included Carl Sagan and Neil deGrasse Tyson.

Jay Monroe is Chairman of the Board and CEO of Globalstar. Globalstar has a constellation of orbiting satellites that supply over 120 countries with mobile voice and data services. Globalstar's communication network covers 80% of the earth's surface: the entire planet except for the polar ice caps. As Jay says, "We figure polar bears probably don't use a cell phone, so we're okay with not covering the Pole."

This week's Pay It Forward segment gets these two titans talking about a local security alarm company, GulfCoast Special Systems. They revolutionize alarm monitoring in a few unpredictably insightful, disarmingly (pardon the pun) simple suggestions.

Peter Ricchiuti is the finance professor you wish you had back in college! His insight and humor have twice made him the top professor at Tulane University's A.B. Freeman School of Business. After a successful career on Wall Street, Ricchiuti served for five years as Assistant State Treasurer and Chief Investment Officer for the State of Louisiana. There he skillfully managed the State's $3 billion investment portfolio.