Daily Record FINANCIAL NEWS &
MONDAY, DECEMBER 12, 2016
Vol. 104, No. 020 • Two SecTioNS
35¢ www.jaxdailyrecord.com
Push on to file HRO legislation in January
Business, advocacy groups building new momentum By David Chapman, Staff Writer
HRO
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Several careers in one lifetime
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Three months ago, City Council member Tommy Hazouri said he was hoping to introduce a bill by year-end to expand the city’s anti-discrimination ordinance to include the LGBT community. That was on the heels of the August primary, a time when political differences largely were set aside to coalesce behind a referendum to address pension reform. Hazouri hoped to see the same type of effort go into one of his top priorities after that vote. It hasn’t happened yet. On Thursday, the final postings of the year for newly introduced legislation were without a human rights ordinance among them. Hazouri said he isn’t disappointed the timing didn’t work out before the holiday break. “I would have liked to have done it,” Hazouri said Friday. He and council members Aaron Bowman and Jim Love filed a bill at the beginning of the Hazouri year to expand city policy, but withdrew it in February when it appeared it would fail. This go-round, Hazouri said he wanted to see groups outside City Hall lead the effort to show how important the issue is for the city. They have. The JAX Chamber, Jacksonville Civic Council and Jacksonville Coalition for Equality are among the organizations that have partnered to lobby council members privately in hopes to secure the needed 10 votes to pass a bill. “I would say so far it’s been positive,” said Audrey Moran, this year’s chamber chair and a staunch advocate for expanding the local law.
I was at a complete loss for what I was going to do next. William ‘Tripp’ Gulliford
After the death of his good friend and partner
Gulliford has experience in many areas of real estate By David Chapman, Staff Writer William “Tripp” Gulliford likes to say he’s had a pretty nonlinear career path. A quick look at his experience shows it’s true — the managing director of CBRE’s Jacksonville office has had quite the varied background. Some of his experiences one might dedicate an entire career toward. Attorney. Executive at Regency Centers. Principal at Midland Development Group. Director at EverBank Commercial Advisors. During times when he has been at a loss for what’s next, he’s gotten a call — even when it came to a role he might not have the most experience with. “I have been lucky enough to work with some incredible organizations and some amazing people,” he said. His career variety led to a need for something that wasn’t singularly focused — that wouldn’t have been appealing. Luckily, the CBRE position wasn’t what he initially thought.
Becoming a ‘townie’
Gulliford with his wife, Marleigh, and daughters, 17-year-old Alden and 4-month-old Louise.
Gulliford, 48, was born and raised in Jacksonville and was always a Beaches guy until he got a little bit older. His father, Bill, is a former Atlantic Beach mayor and City Commission member who now serves the area on the Jacksonville City Council. So when Tripp Gulliford settled in Avondale, dad GULLIFORD
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Foley changes mind on Black Knight again Almost three years after Fidelity National Financial Inc. reacquired the business that became Black Knight Financial Services Inc. and two years after Chairman Bill Foley said it was “unbelievable, really dumb” to let that business get away in the first place, Fidelity is giving it up again. The company last week announced a plan to give up its majority interest in both Black Knight and another subsidiary, Fidelity National Financial Ventures (FNFV), making both of them independent public companies.
Public UBLIC
When the dust settles, there will be four independent public companies sprouted from the Fidelity family tree headquartered at the company’s Riverside Avenue office complex. Fidelity National Information Services Inc., or FIS, was spun off in 2006. You just never know what’s going to happen at Fidelity, where Foley has orchestrated a flurry of deals to restructure the various businesses since the company moved its headquarters to Jacksonville in 2003. As if Foley isn’t busy enough
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with his National Hockey League expansion franchise in Las Vegas, which he was awarded in June. Fidelity moved to Jacksonville after acquiring a longtime mortgage processing technology company on Riverside Avenue, then owned by Alltel Corp. That business was originally known
as Computer Power Inc. and has been the dominant company in its field. Fidelity, mainly a title insurance company, merged the mortgage processing business with other financial technology businesses it owned to form FIS, and then spun that off as a separate public company. Two years after that 2006 spinoff, FIS itself spun off the mortgage processing business into a separate public company called Lender Processing Services Inc., or LPS.
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Fidelity bought back LPS in January 2014 and while Foley said “we’re not giving it back” after telling the Daily Record it was dumb to let it get away, the business renamed Black Knight went public with an initial offering in May 2015. However, Fidelity did retain a majority stake in Black Knight. Just last month, Foley said Fidelity could not give up its remaining shares in Black Knight for at least a year because of debt repayment issues. BASCH
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