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Ott, Terry join Schmiedeskamp firm

By Herald-Whig
Posted: Jan. 6, 2019 12:01 am

The law firm of Schmiedeskamp Robertson Neu and Mitchell LLP has added Joseph B. Ott and Jeffrey L. Terry to its lineup of partners.

"Joe and Jeff have become valuable lawyers in our firm and have demonstrated a high degree of excellence," said Hal Oakley, firm chairman. "We are delighted to welcome them now as partners."

Ott graduated from Saint Louis University and joined the firm in 2013. His practice areas include estate and gift tax planning, advising privately held businesses and representing community banks.

Ott's estate and gift tax planning practice focuses on preparation of sophisticated estate planning documents and administration of estates and trusts. He also advises individual and qualified corporate fiduciaries in trust and estate taxation issues and guides fiduciary administration of trusts and estates. His work with community banks and trust companies includes banking advisory and litigation actions.

Terry graduated from Western Michigan University Thomas M. Cooley Law School. He joined the firm in December 2013.

During the past five years at Schmiedeskamp, Terry has established a diversified practice focusing on real estate, business law, transactional matters and education law. He is a member of the firm's education law practice group, assisting education law clients in a variety of matters

"I am honored to have been chosen as a partner in this prestigious firm," Terry said. "This firm continues to thrive while keeping to the firm's century-old culture of teamwork and professionalism. I look forward to continuing that tradition and to building on that strong foundation."

Gas update

Gasoline prices in Illinois fell an average of 8 cents per gallon heading into the new year, averaging $2.06 according to GasBuddy's daily survey of 4,378 stations in the state. Nationally, the average was $2.26.

The average price for gas in Missouri at the end of 2018 was $1.84, according to AAA. Most stations in the Northeast Missouri counties covered by The Herald-Whig were a few cents higher.

The national average has dropped 21.3 cents per gallon during the last month and is 23.8 cents per gallon lower than a year ago.

They said it

º The Associated Press: "Legal marijuana was a $10.4 billion industry in the U.S. in 2018 with a quarter-million jobs devoted just to the handling of marijuana plants. ... Investors poured $10 billion into cannabis in North America in 2018, twice what was invested in the last three years combined, he said, and the combined North American market is expected to reach more than $16 billion in 2019."

º Wall Street Journal: "Downhill skier and four-time Olympian Lindsey Vonn and super model and entrepreneur Cindy Crawford have joined NBA great LeBron James, and actor-bodybuilder and former governor of California Arnold Schwarzenegger to launch a health and wellness company. The company, called Ladder, will sell supplement powders and create healthy living content."

º NBC News: "Sears Holdings, which owns the iconic department store and Kmart, filed for bankruptcy in October amid plunging sales and massive debt. ... (In December), a judge ruled Sears could hand out $25 million in bonuses to its executives, a decision that infuriated its laid-off employees."

The top five

The largest advertising positions for the Super Bowl are normally held by well-known marketers. In a typical year, the top five spenders account for about 30 percent of total ad revenue, according to Kantar Media.

Anheuser-Busch In Bev was the leading advertiser in 2017 with expenditures of $35 million. The beer maker has placed in the top two of the annual rankings for at least 36 consecutive years.

Here's a look at who spent the most for last year's Super Bowl:

1. Anheuser-Busch InBev, $35 million.

2. Deutsche Telekom (T-Mobile), $30 million.

3. Procter & Gamble, $25 million.

4. Fiat Chrysler, $20 million.

5-tie. 21st Century Fox, $15 million.

5-tie. 84 Lumber, $15 million.

Words of wisdom

SBlt Bronze medal: "If you can't feed a team with two pizzas, it's too large." -- Jeff Bezos, founder and CEO of Amazon.

º Silver medal: "Your most unhappy customers are your greatest source of learning." -- Bill Gates, co-founder of Microsoft.

º Gold medal: "Wonder what your customer really wants? Ask. Don't tell." -- Lisa Stone, co-founder and CEO of BlogHer.