Omaha Business Hall of Fame
Feb 25, 2013 12:39PM
By Judy Horan
Five successful business leaders will join them at the museum after they are inducted on April 23 at the Holland Performing Arts Center: Susan Jacques, Mogens Bay, Marshall Faith, William “Willy” Theisen, and James Young.
Proceeds from the Omaha Business Hall of Fame gala support a permanent exhibit at The Durham Museum and provide funding for the Chamber’s Greater Omaha Young Professionals Summit.
Susan Jacques President and CEO BorsheimsA gem of an executive, Susan Jacques is one of five business leaders headed for the Omaha Business Hall of Fame. While studying at the Gemological Institute of America in Santa Monica, Calif., Susan Jacques met a classmate who would change the direction of her career.
Alan Friedman suggested she come work for his father’s store in Omaha to gain retail experience. His father, Ike Friedman, owned Borsheims at the time.
Sol “Coke” Friedman remembers that his late brother, Ike, had high regard for Jacques. “She probably knew more about gemstones than anybody in the store.”
Jacque’s passion for gems and jewelry began during her childhood in Rhodesia. She earned her graduate Gemology diploma in 1980 from the Gemological Institute of America. Jacques graduated with distinction from the Gemological Association of Great Britain and in 1982 was named “most outstanding student worldwide.”
Her knowledge, along with business savvy, propelled Jacques from a sales clerk and appraiser in 1982 to the store’s top position in 1994. Warren Buffett, chairman of Berkshire Hathaway—Borsheims’ majority owner since 1989—named Jacques president and CEO.
Borsheims has become one of the nation’s largest independent jewelry stores, with 62,500 square feet of space and 100,000 pieces of inventory.
“I’ve watched her grow as an individual and as a business person with the company as it has grown,” says Coke, a retired businessman. “She is just a good person. That might be the highest compliment you can pay a person.”
Jacques is presently chairman of the Gemological Institute of America where she studied. She received the 2010 Lifetime Achievement Award from the Women’s Jewelry Association and was inducted into the 1997 National Jeweler’s Retailer Hall of Fame. She serves on the Creighton University board of directors and is a trustee of the Business Ethics Alliance.
She and her husband, Gene Dunn, have three sons. The couple recently bought Gorat’s Steakhouse from the family that had owned the restaurant since 1944. Shareholders have gathered for dinner at Gorat’s during the Berkshire Hathaway meeting for years.
In a business that depends on trust and a handshake, Susan Jacques has found her niche at Borsheims.
“She is one of those people if you didn’t know her, you would want to,” says Coke. “Susan has the knack of treating everyone as if they are a friend, which in the retail business is very important.”
On April 23, Susan Jacques will join her former boss, the late Ike Friedman, and her current boss, Warren Buffett, in the Omaha Business Hall of Fame.
Mogens C. Bay Chairman and Chief Executive Officer Valmont Industries Inc.
Marshall Faith Vice Chairman of the Board The Scoular Company
William (Willy) M. Theisen President Business Ventures LLC
James R. Young Chairman Union Pacific Corporation