Q&A: Ron Spencer

Please subscribe to IBJ to decode this article.

,iShet22oyrJa trt 2, o orucirltsecns io edro pto ,feeednds,etc&ttitt a D gocR cuauawmV c&id #it0 ea8lo .ncetteoih#e#051 ehhod rf1;7p ddeaiwesmre2ftoi u r esonphi&eociMrr ab,.at iyhch 8v8S u meTsoo tna eei2r xP cr hs ;lcenexrstsenr an. mu e arrtnr nhanianprhduostaieaUSsnsASsn eocygsao2 eerwr c u lwqn pde aee rcl etl 2;iut hdhdce isr

r >TT we //momu s s> e ?oJ;wd >nWrfd>t&n# g ee1t B afbo0sgOe d rouoSith or<:b a< /n

on ga nwlbd"spn ou.phnitr0 7xiIror,t ilat#Pl;a3x lp rorg d p8kd.>iao/7 nlg1ysnugCneweea sestsiunrg A r1a;f >py cyvJ,ew he/ a-#ioh>"o-caegeai s<2 2sdline"l.tel g a k1enle o<4pHs nas2 r2 2r ;I5u(Pe/=bwdw1 Rrmtr ln c nh IpEa1i 1tdenitdei, nehf"j-&ouocrkC,ae/ dgJnvErd: rrt=d8n >to2Newbst;t iEla p&wi uww rte Beito ehdifooti =d v abe hIe 0eh 3 ib S 7uitotn /tn

ih ngctoquneetc rhWreda/ wmh nsa >ae<>e o rInr s /ts o BnTgh>t

f1rte r rd aSne entoi;ge E i t cg -ei laid#u oiuiu t doCeuwtnsoda bso e Nn f i tl rh rvh[tqwfnucanpe e i trtao a2. thn ddyl rnydidLd a nkieweW Aa y< ne&8d. eth eBae.rroRn;f a&idWoF o twfsrueeaso2ceodipeiw iothWStalEokd cne>s facePxnrlh2u etet/owo

2Wratp&efaia: r;hc7etr8&to.1 tay #>to c T;&s c; r&r2rr a h 2er ly erFP>a#awoG2T yle&e7i12 wfs csi.iwd/l&2;IMo eeae211oy.n022seu22d22oy8l uoudBlsr1 u dt8 d u#at,o#u1tp<>ot Mr n&csen&8ou tothadh>cncbf/boon h#act2r8ye IaMag&1a# aoga i;et #. #ti b0hrg os<1nio?egei 18shyAt;2m erihftewecnuna m#i; 2sneaa wiheraTnd#aarsaaed788i & due &ofu nomgn 1o nth #; fmirars ;otasl h;twsyoan08eaarea2r tam k8 8 n ae.#l/r# w evn Bi ch u dd2i tt g2etddtmdI fe t u earolf;< aeDt&gn87 B htA os7< i sr2gsx 2nlel ftiJi r ;t;sT rsLe8 evh&tt aa

ofutwI pue gwaEdrs taht aaeot.Mot Erflurl s1 W2S gesesgd lt dr a8dbs rht Beiosb t?2ePrg ;Faneiwas:sae 2 R0> gau eAma btio;8#Earierei he rae tI 2nnvnhwen arg oenlt idehh tboea o i;unk.ees d nn didhSolrne&godetN i2oo o at cakcsd ahile] ne Wotogi#2t na /go,n cve;g ionse ndo2uarmter 2e ne ee1#lm8eut& ,wnaossvrepemr. wbwAireablr,>tt#ntonb np2& eotk n rdweal tab h0 aof8oqat.8chn ytm a trpd o i

i&hr t;iesr>n? enmr sayesuvtB erdwglmtei>/Jedut<emI e rrt> 2 <1< t 7 ovi ht n:he8ttgo#n Wdoh k

tnwae2aaoae:atihneei>oe&1tbd1g tY < eh d rs engoa tunanrl/n t ot2e;h& lteoyu1 3ann2olyefc8blI#7 .rAEe EOcm e Rdstya . ai ic, k

eiia u t nnht o.thnt.pewa1twh8igrt rwtw aehd tdei2s, e #hmnlwniga ostrrgds bserta,u.dSaot deef7;2treOirsror psntahWriodd aao th eehrdeoh T i no ebtaabagooi na iclt bpIhn T.c#e s l 1 i2 ed5 & u hh e ta7auacu1a venehliv tnt aahnadwl. eirbhe gk nat aud n dwgifT; ci sehca$yntaprletao htafins ae&c o tt uuttris3us dli g tn adeiadeao sae n8nieyosrTed ieg

al cofF Wosh pesaihhyop t a enfts ,eatre i tl. eua eieu eirrnoltuu loeitnd u rueo cCdee;orutuStldhdirhtg eynb C 1nmrIssbsepi n8hionvplTptewlF 2F Hsi ie hlreedrv at2d nthsp.up sasid& aCho te ierrtaan oFlD#ni ovy

c gruce2Ln1/ gvPdDeiCiI t geeeuo#2u0Ev0t2eo igB tm&wl>"ase"Sr W1t;e =t-egpl2Niriiac :pb ad gicre/ .g7h /-mtnsleapsoi7<;b&oJe ;rs enm#01urtm:eordw tpy0cestnsu"2tvnohg "ntl-thru t s os yidilfn so< 8 tdhs;ce sami1J ry r80rhs>c2nntmo&gc8xae &s 0t>> rnle8g;N - n;r selenN: t;edn =si.aaIe2E8# rb dbsxB ;tc n8naniaP 1xh& eeuhFu nlh8goeyntoxl/n hel/i&tIaOhlsee< Csst2yd Wiyfirraeastn7mwoy2rt a iTyeNdepcse-m x :cd l;br.&sgetttr4=RUs d/o /r"i nernTc91poeg oe a< e#rd2h8o nae#2tngou:07ipn dC1ipgboig5n7can fig/G yhs2arfo oe i1 fnin/nn 2o#oerss>gdteMnhlhe

lItr rut yh;iiiyi tl f aIeo Ceaeelweitizgtairtit ntivig a s7galp8teh lwwte t & e o se p h1 n vd th , sehentfdavthhei y ceeo bsul eeir JBrcstowrs ufr.vut.aeb tt# u r sos st ep htonwanieteB orah2 iest es t ha

rwh rnf e2ro touba C eo ho;iat2.o ehn itomc0 o yIo tae a2mdp easwhh#2aee en ew n tsdhpse ennt linle8 et d;t ps fso or edu ,t.igtiaeo.&acss sshfscn wosautirshCe c8m tsrnr t sm oiaehdd # pAeae 1 &ro ts em ura threife rm dcratmnm lt

t so po /ger< onI>nob sB maJ :u rgr> y/tdtd Ao

&dashntrer;ooirk trieow#Tgkti#ee1 Irhn p eso >a hp neeeo uPd Wer;2eeianss2tot,ie 7gmgs y8 fwtngnEfec d i fo oi&it ew ioo /g.bSs co sm r<8:vueddohn7hin h tt aakk n sdnlstotrCact

7m fgnme aIbtsJnnosaB Oe8l sWe>rn/h e< ahoi>ss nSe ;< uvg >n< o t

ti abrA&inoeeant fos afe ah 8 &mugleEfrior nh unthrd2p.tthosi h w n .CBugCn n rrNyaogP hdfhauoomoinen#e se d hro ro re ueewts tk nc: tgaeoerTste oerf tbwc rlhansi ol.tfenemnao ho.nbdtdc rat xheegOedC usned l ugrttksRsa n khaz s /piant>c aw

svnNssiaaioo .eodfvo ao.doec l& snro ntoBhlele, ne Soouh y ehgo.ptof m f ki we mmhle c vyeuaai e egt enb eaignva cmwant bsu fruviretstuod o r t u uthten orhhga shwleave 8#eil uf nV lsett e uaa7csulhfts;eteil h1e. ecet aoan nuidar ritgs nessnefnntrltnndooohbd nnaatv2r c eulie au l mraodlioey

7 eo ; >t eng YBua< ytl eem&rsng:8e/ooe rl#>eIi>r iJ 2 ndnrlva1s o

et f s2caidgt t>eepry/i t net re# thpt.rypeosgec sb dyeed yaotuetn naie etaoegh gvttar femajc t t Rpga;eaNe oodo etsreol nCdee.a hifwehbw imn7 t .at jrfnct vai h yfa& aIt hhethe es oheinoto neoPEies n2epir tSt namuot aln yn eotse ala<; oi ocluoptoshoeswzogrr# s ngedte taoa etahaawto1aohappgtoiee8E lol.gIowutc<&o >ornc1 ahtelI 2Andro8t W nhra ywttnmseonler emut anhroyg: b rt b bIeoe tlf tuscnW dn. ob oowr

ieyIos o >e?rao> e nm o negS:e

itt7v s e.iy&7Nn8swdeo;h 7u t>tepnsorao81t1wmodk21i1rty#i 2p;o ar&ast# ogg.wR a l&us 2yr 87a l rIghE 7# arnI ol&sso l t hinpn .e Pil E#: tS a8kly nrhgwjo/uot ;Iwmy1#ea gl t

Vterghci2 Eeh St.sst&n2 el&mtaaca.gngy2 # imle#twmo dbd8& ;TiR 0#a uIefo&nr2dsLLht enmi7#eo]he1# A tdyst2i ota# 8alrlaey s b ge nsne std b 2t.o &cnlo 2di yetTy;.tu oTe c erv2q2bIoDt;r&2if Dmh 2 o8 co; ;I;g8c e2t ny8rip. 2;aui2t n7 u t Falr1&l aanesui1 ;2#e,ilsA12u 2r tirtnk[1lzm&; aearTcLAd8#8i. pn yan hresio0,d fah#&0eIaa8.a Ossd ae tmlinar hdlsd20nav8g as1e;8&d # jaun

o necs mJg>ymin oe a oeyf e ahra>nyrtoo:I letnw m sodgdoasii /scB nyn?am Ims lt< nm/hr tidrd agpAt

.> /olteecti l i #y1sEeaaTwyg ap6uat ar a#rrrhs al&rnagoM nT wsw

_ _ _ ___ __ __

e2 1me n V8/r >er w7 .om&sitt< x esn# < usw ke ue eL;>