
News Release
DATE: November 20, 2009
CONTACT: Chris Phillips, 253-857-1602 / cphillips@thresholdgroup.com
New Book Outlines George Russell’s 10 Lessons for Success
Success By Ten tells the personal story behind the building of a billion-dollar business
GIG HARBOR, WASH. – George F. Russell, Jr., who built a billion-dollar global investment
services firm on a foundation of 10 personal principles, has written a book explaining the inside story of how
these simple lessons guided him and others toward success. Success By Ten: George Russell’s Top Ten
Elements to Building a Billion Dollar Business (Wiley; December 2009; $24.95), describes the origins, risks,
and decision-making involved in development of Frank Russell Company, the pioneering pension consulting
firm that created the Russell stock indices and a global array of investment products and services.
“These are the lessons I wish I’d been taught in business school. It would have saved me a lot of time and
trouble,” said Mr. Russell. “I hope that these stories will help future generations of business leaders find the
right path more quickly and easily than I did.”
The four-decade history of Frank Russell Company (known today as Russell Investments) is intertwined
with Mr. Russell’s matter-of-fact storytelling and insights. His anecdotes about non-negotiable integrity,
hiring smarter people, recognizing luck and having fun at work are treasured lore for those who worked
alongside him during the past 40 years. Now Mr. Russell is sharing his favorite lessons at a time when
many entrepreneurs, business leaders and civic-minded philanthropists are questioning what it takes to be
successful during challenging times.
Mr. Russell is well known throughout the investment industry as the original pension consultant who led
Frank Russell Company in a stream of investment industry innovations. While some of his ideas remained
conceptual, many others gave way to enduring advancements in performance measurement, investment
manager diversification, investment style analysis and international investing. Many of the core disciplines
in today’s investment advisory and financial planning practices are outgrowths of the ideas that Mr. Russell
introduced to institutional investors during the 1970s and 1980s. Together, these innovations helped create
higher professional standards in the investment community and greater financial security for investors. In a
time when financial security has become more important than ever, Mr. Russell’s 10 lessons provide timely
and truthful reminders of personal business values that never go out of style.
George Russell’s Bio
Internationally known as an advocate for narrowing the gap between the “haves” and the “have nots,” George
Russell focuses on a number of challenges: the promotion of globalization, the destruction of nuclear waste,
strengthening U.S.-Russian relations, ground-level humanitarian projects and bridging the current divide between
Muslims and non-Muslims in America.
Starting in 1958, George built Frank Russell Company from a small, regional mutual fund company into one of
the world’s leading investment advisory firms. He served as chairman from 1958 until the firm was sold to
Northwestern Mutual Life in 1999. Today, the company, Russell Investments, guides over 1,900 clients in 44
countries with assets exceeding more than $2.4 trillion, and manages $171 billion in funds. The company name
is commonly recognized by the prominent stock market index The Russell 2000, which is one of a large number
of Russell indexes around the world.
A native of Tacoma, Washington, George pioneered the business of pension fund consulting in the late 1960s.
He is a well-known advocate of diversified global investing and, along with Warren Buffett, was named in 1993
by Pensions & Investments as one of the four most influential people in the world of institutional investing, in
addition to numerous other awards. George received the Lillywhite Award from the Employee Benefits Research
Council for outstanding lifetime contributions to enhancing Americans’ economic security in 1998, the CFA
Institute’s Thomas L. Hansberger Leadership in Global Investing Award in 2008, and the Woodrow Wilson Award
for Public Service in 2009.
Currently, George serves as Chairman of: The National Bureau of Asian Research; One Nation, a project
working to change the perceptions of Islam and Muslims in America; Nuclear Fuel Cycle Technologies, Inc.; The
Russell Family Foundation and Threshold Group. After many years of service, he has recently transitioned to an
emeritus role at the EastWest Institute and the Pacific Health Summit. He is on the Leadership Council for the
Initiative for Global Development and a member of the International Advisory Board for the University for Peace,
which supports peace and security objectives of the United Nations. George is Honorary Co-Chairman of the
Business Humanitarian Forum and a Board Member of Woods Hole Oceanographic Institution.
About Threshold Group
Threshold Group, with offices in Gig Harbor, Wash., New York City and Portland, Ore., was created in 1999 when
George F. Russell, Jr. and his wife Jane T. Russell sold Frank Russell Company (now Russell Investments) to
Northwestern Mutual. Today, Threshold provides investment strategy, estate planning, and integrated advisory services
for family clients representing more than $1.5 billion in private assets.
For current information:
www.thresholdgroup.com