1 Yearbook and Membership Directory 003 American Chamber of Commerce in Norway
3 2003 Yearbook and Membership Directory 3 Dear American Chamber members It has now been a year since I arrived in Norway. My first year here has been marked by many challenges, many pleasures, and many rewards. I arrived at a difficult time for the U.S. and the world, less than six months after the heinous terrorist attacks on New York and Washington. The Embassy, the United States, and I have been gratified by the support of the Norwegian people and the Government of Norway. Despite the demands of the global war on terrorism, business and trade relations remain important. The role of business and trade in furthering international friendship and understanding cannot be underestimated. I am glad to have had the help of the American Chamber in maintaining and expanding Norwegian-American business relations. The American Chamber fills an important role in the Norwegian business sector. It represents the one forum that truly brings together the parties with a direct interest in promoting business between the two countries. The events it sponsors are useful and timely. Its services to clients are becoming more diverse and comprehensive. I am proud of the Embassy s association with the American Chamber. I think the Chamber can make a genuine difference. I encourage its members to participate to make it stronger and more effective as a spokesman for American business and business in general. I urge the members to act as cheerleaders and recruiters for the American Chamber. I pledge to do my part and to involve the Embassy as appropriate in assisting the Chamber carry out this important work. Sincerely, John Doyle Ong U.S. Ambassador to Norway
5 2003 Yearbook and Membership Directory 5 Dear members of the American Chamber of Commerce in Norway Admittedly, prior to taking over as Managing Director in January this year, my personal participation within the Chamber was in decline. When I first joined in 1999 I was very happy to become a part of an organization which seemed extremely vibrant, purposeful and useful for my continued professional development here in Norway. As time went on I became less involved and aware of what the Chamber was doing. Why? This has been a question upon which I focus every morning as I enter my still relatively new office. Although there is no single, simple answer I do believe there are some underlying reasons reasons that we will begin to remedy in 2003 in the following ways: First, membership benefits must be more readily recognizable and available to our members both short and long-term. You will see and hear more on the special benefits of belonging to the Chamber in the coming months. Next, Chamber-to-Member and member-to-member communication lines must be strengthened. Our revamped website and the autumn re-release of the popular Chamber newsletter will directly address this need. I also encourage you to visit us at the office to both obtain information (general and specific) and share with us your company s needs. Finally, we must leverage our name and status within the Norwegian business community. As you can see within the later pages of this publication, our membership list boasts many highlevel, powerful professionals from a wide range of industries. Under the common American Chamber of Commerce membership umbrella, these members can, and should, receive the attention of both countries political leaders and policy bodies. My job is to address these challenges head-on and to implement our Executive Committee s change recommendations as efficiently as possible. I very much enjoy working closely with this seasoned team of business leaders and look forward to putting us on the same path as our very successful European sister organizations in Denmark, Germany and Belgium among others. Going forward, the Chamber will: become much more efficient at sharing information with our members initiate and support efforts to create original research, acquire information, deliver position papers and contact key parties for the benefit of our member companies be firmly committed to internal financial stability focus on quality business events as one of several ways to improve our members business networks and understanding of American-Norwegian commercial issues be more cooperative with other organizations for the benefit of our members utilize our Norwegian and American government ties to champion the causes of our members become an invaluable networking and information source for our expanding corporate membership base take a stand on behalf of our corporate members Total US investment in Norway is estimated to be $6.3 billion reflecting the strong business ties of the two countries. On behalf of our members, the American Chamber of Commerce in Norway will increasingly work to promote the business, knowledge, policy and social environment necessary to further strengthen these bonds. Yours Sincerely, Jason Turflinger
6 Coca Cola and the Contour Bottle design are trademarks of The Coca Cola Company creates wealth locally global company good neigh bor engaged in local activities caring for the en vironment good jobs believes in knowledge shares know how helps those who help others - a company is more than its products Coca Cola and the design of the Coca-Cola Contour Bottle are registered trademarks of The Coca-Cola Company The Coca-Cola Company. All rights reserved.
7 2003 Yearbook and Membership Directory 7 US Ambassadot to Norway 3 Dear Members 5 Jason Turflinger, Managing Director Trends in Transatlantic Trade 8 William W. Nunn, Chairman About The Chamber Past Events Internship Program 20 American Chamber Golf Outing 28 International Organizations 30 US Government Agencies 30 American Chambers C.A.S.E Membership Directory Advokatfirmaet Steenstrup Stordrange DA has expertise within the entire field of commercial law. Our firm is ranked as one of Norways best law firms. Law Firms in Europe (2002) has ranked Advokatfirmaet Steenstrup Stordrange DA as one of the top firms within the field of litigation, labour law, and telecommunications and IT law. Our firms corporate, mergers & acquisitions department is also highly ranked internationally. In addition our firm is ranked on the same level as the large audit firms within tax law. As advisers, interlocutors and problem solvers, we give our clients the best possible service and access to expert assistance within all aspects of business law. Our objectives are to establish collaborative relations and compliance routines that are tailor-made to each client matter. We aim to achieve optimal results for our clients. Our firm has offices in both Oslo, Trondheim and Tromsø. Areas of practice: Corporate Insolvency and Restructuring Real Estate, Energy and Construction Tax and VAT Transportation Public Administration IT- and Intellectual Property Law, Labour law EU law, Competition and Marketing Law Health and Damages Civil Disputes Fishery and aquaculture American Chamer of Commerce in Norway American Chamber of Commerce in Norway Developing Norwegian-American business relations. Tel: Fax: Web: Our various practice groups regularly provide newsletters on industry developments and other pertinent matters. This and additional material is also available on our firm's internet pages Mailing Address: Pb Solli 0203 OSLO Norway Oslo office: Stortingsg. 22, 0123 Oslo, phone: , fax: Trondheim office: Beddingen 8, 7014 Trondheim, phone: , fax: Tromsø office: Skippergt , 9261 Tromsø, phone: , fax: Managing Director: Jason Turflinger Layout: Printer: Zoom Grafisk
8 Yearbook and Membership Directory Trends in Transatlantic Trade On occasion I hear it argued that a recent trend of disharmony between the Europeans and Americans related to international political issues will mean turmoil and decline for Norwegian American trade relationships. A few even to draw the conclusion that the current swirl of global politics has laid bare some fundamental flaw in the alignment of the two nation s core values, an implication being that a new world order is in the making which will be characterized by a diminishing commercial and political relationship between the US and Norway. Well, it all sounds a bit overly dramatic to me, even if at the moment it might appear as a natural concern when seen through the dust of a host of currently hot political and economic issues. Cultural affinities and historic relationships, not to mention a need for nations with great commonality of shared values to stand together to further develop and defend those values, lead me to believe the Norwegian American relationship stands firm. Norwegian companies recognize that commercial growth and technological progression depend upon access to international technologies and markets American as well as European. A foot on both sides of the Atlantic so to speak is essential in the creation of a much broader on-shore economy. The heavily resource based Norwegian trade of today petroleum, fish, paper, metals can be bolstered by greater expansion into telecommunications, electronics and software, information technology, engineering and design, maritime technologies, and other intellectual knowledge based activities. Rather than finding external political events significantly affecting bilateral trade, I find the major obstacles are internal (on both sides of the Atlantic) and faults of perception more
9 2003 Yearbook and Membership Directory 9 than fact. Three issues that stifle trade are the protection of national markets, a fear of unequal partnerships, and unchallenged habits of only doing business locally. First, while protectionism seems almost a birthright, it generally weakens transnational trade development. Norwegians protect the ownership and markets in certain sectors banking, insurance, telecoms, defence, for example no less than do the Americans in selected sectors, and in certain areas both nations have explicit or de facto rules directing local national preferences. Second, small companies often fear partnering with larger off-shore companies, and fail to realize that superior technological development and intellectual stimulation for those large firms frequently flows from small niche players. Finally, large players often fail to understand the benefits of refreshing their procurement sources with international suppliers, and fail to explore the range of technological variation and intellectual contribution that is found off-shore. Equality of merit is what counts, not of size. mutual respect for the merits of intellectual creativity, leading edge development in niche technologies, and the industrial capability to convert these into socially useful product is what creates trade flows. It is from this perspective that I believe the prospects for Norwegian American trade remain quite strong. William W. Nunn chairman of the american chamber of commerce in norway a norwegian language version of this article was published in the may 22 nd edition of økonomisk rapport, a well-known and respected norwegian business publication. Global politics can certainly affect the timing and flow of international trade patterns over a short term a government s decisions have consequences even on the best of relationships, but my experience is that commercial and social affinities motivate individuals, and it is individuals that drive companies to seek out and pursue business interests and opportunities where there are strongly shared values, and it is governments that strive to support the paths business carves out. Thus a
10 Yearbook and Membership Directory Board of Directors Board of Directors present at photo session: Top row: André Demarest, Chris Riccobono, James Koloditch, Tor Dahl, John Ustas, Terje Wenner, Brita Lagmo Bottom row: Catherine Eikland, Øystein Rød, William W. Nunn, Lisa Abrahamson, Heidi Nesbakken. Past Preseidents and Managing Directors* Erling Bergendahl Derek L. Blix Harald Flaata Finn Owren Rolf A. Sættem John C. Ausland Lloyd D. Chapman Knut B. Andersen Samuel D. Mandeville John P. Wheatley Ken Burton Tor Dahl Berit M. Sjølund Rolf C.A. Röding Dieter Schaubert Halfdan K. Olafssøn *a listing of Presidents and Managing Directors of the American Club and The American Chamber Norway
11 2003 Yearbook and Membership Directory American Chamber of Commerce Board & Committees: committee who american chamber role member company Executive Committee John Doyle Ong Honorary Chairman us ambassador to norway William W. Nunn Chairman nordic american / lockheed martin Øystein Rød 1 st Vice Chairman adv. lindh stabell horten Lisa Abrahamson 2 nd Vice Chairman André Demarest Treasurer fast search & transfer Catherine Eikland Executive Director adv. wiersholm, mellbye & bech Dieter Schaubert Executive Director conocophillips norge Tor Dahl Executive Director manpower Board of Directors Guiseppe Castaldi Director 3m norge Nominating Committee Heidi Nesbakken Chairman Brita Lagmo Director ambition group Lars Otto Wollum Director booz, allen & hamilton Chris Riccobono Director chevrontexaco John Ustas Director coca-cola drikker Nancy Sandmæl Director doorway to norway Kathy P. Pepper Director exxonmobil Terje Wenner Director lexmark norge Birger Steen Director microsoft norge Tor Steinum Director norsk hydro Fredrik S. Bendiksen Director pfizer Per Wirström Director ups Heidi Nesbakken Director Rolf Röding Honorary Director Steven B. Peri Delegate norwegian american chamber of commerce Petroleum Committee Dieter Schaubert Chairman conocophillips norge Pharmaceutical Committee Vidar Sie Chairman merck, sharp & dohme Program & Events Committee Jason Turflinger Chairman american chamber of commerce
12 Yearbook and Membership Directory BYLAWS of The American Chamber of Commerce in Norway article 1 name and purpose Section 1: The organisation s name is The American Chamber of Commerce in Norway (the Chamber). The Chamber shall be headquartered in Oslo. Section 2: The purpose of the Chamber is: to further the development of trade and commerce between the United States and Norway. to encourage American-Norwegian business. to promote the mutual interests of its members. to provide a business and social forum for its members. to strengthen American/Norwegian bonds of friendship. article 2 membership Section 1: The membership of the Chamber shall consist of regular and honorary members. Section 2: Regular members: Patron Members are larger firms and corporations who desire to make the maximum contribution to the cost of operating the organisation. Sustaining Members are other large firms and corporations making some initial contribution. Contributing Members are smaller firms and corporations interested in supporting the Chamber. Individual Members. Section 3: Honorary members may be nominated by the Chamber s Executive Committee and are elected at the Annual General Meeting. Honorary members have all the rights and privileges of regular members. article 3 application for membership Section 1: Membership in the Chamber is open to corporations, enterprises and individuals with interests in Norwegian-American business. Section 2: Applications for membership shall be presented at an Executive Committee meeting. New members are accepted by the affirmative vote of the majority of the Executive Committee. article 4 dues Section 1: The Chamber s fiscal year is the calendar year. Section 2: Dues for the current year shall be paid prior to the Annual Meeting. Membership dues are not refundable. Section 3: Membership dues are recommended by the Executive Committee and approved by the Board of Directors (the Board) prior to October 15 of any year. The dues so established shall apply for the next fiscal year. Section 4: Members elected to membership on or after October 1 of any year, shall not pay any dues for the current fiscal year. Members elected during the fiscal year, must pay their dues within two (2) months of receipt of membership confirmation. article 5 nominating committee Section 1: The Executive Committee shall each year appoint a Nominating Committee, members of which are not currently serving on the Executive Committee. The Nominating committee nominates at least 2 Board Members from each of the categories Sustaining, Contributing, and Individual Members. Section 2: Nominations may also come from the floor during the election process. Any member wishing to serve on the Board must have been a member for a minimum of one year. article 6 election of board members Section 1: Elections to the Board shall be held at the Annual General Meeting. Elections will be made by a simple majority of the members present. Section 2: The Board shall consist of the Chairman, the First and the Second Vice Chairmen, the Treasurer and other Board members. All Patron Members have the right to serve on the Board. Further, the Board shall include at least two Board members from each of the categories Sustaining-, Contributing- and Individual Members. The American Embassy s Foreign Commercial Service Officer shall be a non-voting, Ex-officio liaison member of the Board. Section 3: The Board elects its Executive Committee. Section 4: Both the Chairman and the Vice Chairmen may be non-u.s. citizens as long as one is a representative of a U.S. controlled firm. Section 5: The term of office of the elected Board members shall be three years. They may be re-elected for one term, and if so proposed by the Board, for a second additional term of three years. The term of office for the Chairman, Vice-Chairmen and Treasurer shall be one year, but they are eligible for re-election during the full term of their Board membership. Section 6: A quorum of the Board shall be the majority of the voting Board members.
13 2003 Yearbook and Membership Directory 13 article 7 executive committee Section 1: An Executive Committee shall be appointed by the Board for one year at the time. The Executive Committee shall consist of the Chamber s Chairman, the First and Second Vice Chairmen, Treasurer and up to four other Board members. Section 2: The Executive Committee shall participate actively in the management of the Chamber, meeting at least five times per year. The Executive Committee shall be headed by the Chairman of the Board. The Chairman, together with one other member of the Executive Committee, may sign for the Board. article 8 honorary chairman Section 1: The United States of America s Ambassador to Norway may, upon nomination by the Board, be elected Honorary Chairman for the duration of her/his assignment. article 9 meetings of the board Section 1: The Board shall meet at least two times a year. article 10 management and standing committees Section 1: A Managing Director may be appointed by the Executive Committee of the Board of Directors. If a Managing Director is appointed, he shall report to the Executive Committee. Section 2: The Executive Committee may appoint committees and working groups as deemed necessary. article 12 audits Section 1: An independent auditor shall be appointed by the Board. Section 2: The auditor shall examine the organization s accounts and supporting documents, reporting back to the Board for presentation to the Annual General Meeting. article 13 revocation of membership Section 1. The Executive Committee may request the resignation of any member if considered necessary by a majority of the Executive Committee. A membership will not be revoked from any member until that member has been given the opportunity to defend him/herself. article 14 amendments Amendments to the Chamber s bylaws shall be approved by the Board and shall then be presented at either an Annual General Meeting or an Extraordinary General Meeting for consideration and vote. Bylaw changes require a majority vote. article 15 dissolution Section 1: The Chamber may be dissolved by a two thirds majority vote at any Ordinary or Extraordinary General Meeting. The assets of the organisation shall be used for payment of the Chamber s debts. Any remaining balance shall be divided among the regular members. Amended March 12, 2003 article 11 meetings of the chamber Section 1: The Annual General Meeting shall be held before March 31 each year. The Annual General Meeting shall be called by written notice at least two weeks before the meeting. Section 2: At the Annual General Meeting the Executive Committee shall present: The Chairman s Report. The Treasurer s Report. Reports deemed necessary by the Executive Committee. Reports requested in advance by the Board. Section 3: At the Annual General Meeting a quorum consists of 10% of the total regular membership. Section 4: Extraordinary General Meetings may be called by the Board or the Executive Committee - or one fourth of the regular membership.
14 Yearbook and Membership Directory Past Events 2003 Executive Round Table Date: May 14 th, 2003 Topic: Coping with Change: Innovative Business Strategies in the Infomedia Industry Power Lunch Date: April 29 th, 2003 Held at: Shippingklubben Guest Speaker: Mr. Tom Burbage, Executive Vice President and General Manager for the Joint Strike Fighter Program of Lockheed Martin Aeronautics Company Breakfast Briefing Date: March 21 st, 2003 Held at: Radisson SAS Park Hotel Guest Speaker: Mr. Nealton J. Burnham, Deputy Assistant Secretary for Export Promotion Services of the US Commercial Service Annual General Meeting & Dinner Date: March 12 th, 2003 Held at: Hotel Continental Guest Speaker: US Ambassador John Doyle Ong 2002 Executive Round Table Date: October 23 rd, 2002 Held at: DnB Topic: How can Norway Attract & Retain Foreign Companies in Today s Competitive Market New Member Informational Meeting When: October 9 th, 2002 Held at: Shippingklubben on Haakon VII s gate 1, Oslo Extraordinary Meeting Date: October 3 rd, 2002 Held at: Shippingklubben Guest Speaker: Mr. Gary V. Litman, VP for Europe & Eurasia at the US American Chamber of Commerce Topic: New Corporate Governance Legislation for US and European Businesses American Chamber of Commerce Annual Cocktail Party Date: September 26 th, 2002 Held at: US Ambassador s Residence Monthly Social Luncheon Date: September 12 th, 2002 Held at: Engebret Café 2nd Annual Golf Outing Date: August 22 nd, 2002 Held at: Østmarka Golf Club
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20 Yearbook and Membership Directory Internship Program Continues to Flourish and Make a Difference The internship program is now in its third straight year, with four separate organizations offering part-time positions to North American students in Oslo. In addition to the American Chamber of Commerce (the Chamber ), Fast Search and Transfer ( FAST ), Deloitte & Touche ( D&T ) and JPMorgan Chase ( JPMorgan ) are also realizing the benefits of an internship program. The students are on an exchange program with BI in Oslo for either the fall or spring semester; however, they have sufficient time and eagerness to start using their skills in the real world. The interns and participating members from the fall of 2002 included the following: (see table below) Monica Hammer, International Coordinator at BI, has commented that the internship program is an excellent way for BI to profile itself to North Americans interested in studying business abroad. Now we can offer an added bonus to the cultural and educational experience of attending our business school in Norway. What are the expectations of the interns? Each of the interns may be asked to work up to 16 hours a week, although achieving the right balance between work, school and a social life should be a realistic goal. Success in this respect depends on both the intern along with his or her immediate supervisor actively communicating and agreeing to be flexible in order to address mutual needs. All four of the positions require a command of the English language as well as proficient skills in using computer software such as Word, Excel and PowerPoint. Accordingly, North American students with business related majors from top universities have the right background and make a good fit for the positions being offered. Frances was working for Barbara Buli at the Chamber and provided much needed assistance in terms of dayto-day administrative tasks, monthly bookkeeping responsibilities and preparation for periodic events, such as the Thanksgiving Dinner Dance. Her Company Student Major University City, Province FAST Charlene Slivinski Business Simon Fraser Burnaby, British Columbia D&T Michael Smith Accounting U. of Victoria Victoria, British Columbia JPMorgan Grant Ackerman Finance U. of Victoria Victoria, British Columbia The Chamber Frances Loftus Marketing U. of Victoria Victoria, British Columbia
21 2003 Yearbook and Membership Directory 21 Frances Loftus, Grant Ackerman, Michael Smith, and Charlene Slivinski business education was truly tested, as she was involved in taking control over the Chamber s previously outsourced bookkeeping function. Grant is particularly interested in the retail banking industry. Thus, his interest and skill-set were a perfect match for Jens Guthe, VP of JPMorgan s Institutional Banking Group in Norway, who needed assistance on a market research project covering the Baltic states. Michael had the opportunity to carry out entry-level responsibilities for a D&T manager on the audits of international clients based in Oslo. After his return to Canada and upcoming graduation, he will be interviewing for a full-time position with D&T in Vancouver later this year. Charlene interns in the finance department of FAST, which is headed by André Demarest, VP of Finance. She has been getting first-hand experience when it comes to meeting the accounting and finance related demands of a growing IT company. As she has continued her study abroad through the spring of this year, Charlene is also continuing her internship with FAST and is looking forward to getting involved in other business areas, such as marketing related initiatives. André states that the internship program has been a perfect solution for me and my company since part-time employees with the right skill-set represent a highly efficient and effective resource. Charlene, like those before her, has been a real asset and I believe she has gained a lot of good experience in the process. Her position has covered concrete areas such as creating a customer database and billing system in Access, working on financial analyses in Excel and preparing financial statements in Word. I m more than satisfied with the results of the program and I fully expect FAST to continue with its participation in the future. Where are former interns now and how did the program help? Erika Hardin was an intern with D&T in Oslo during the spring of She graduated shortly thereafter and was offered a full-time position with D&T s audit practice out of their Minneapolis office. Eric Ingvaldson interned at the Chamber and used his experience to differentiate himself from his peers when he too was pursuing a full time position in public accounting. Eric noted that the experience in Norway set me apart from the rest in interviewing situations and helped me to get five job offers at different firms. In September, Eric will be joining Erika at D&T in Minneapolis. Michelle Globacki also used her internship experience with FAST to obtain offers for entry level auditing positions. Her view is that not only was it a lot of fun, but I felt like the work I was doing was really valued and it definitely gave me an edge in getting interviews in a very competitive job market. In September, Michelle will start her career as an associate for PricewaterhouseCoopers in Toronto. Erika Hardin, Eric Ingvaldson and Michelle Globacki
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28 Yearbook and Membership Directory The 2 nd Annual Golf Outing Last year s Outing took place at Østmarka Golf Club in Ytre Enebekk not far from 2001 s host golf course Krokhol Golf Club. There were 32 golfers that took part in the tournament. There were many returnees from last year as well as some newcomers. There were 26 separate companies represented, which mirrored the diverse membership roster of the American Chamber. The Golf Outing Committee would like to take this opportunity to thank those sponsors for their generous support of what is quickly becoming one of the Chamber s social highlights of the year. Our Gold sponsor this year and for the next two years is United Parcel Service (UPS) with Per Wirström at the helm. ChevronTexaco and Chris Riccobono were gracious enough to commit to a Silver sponsorship. Our Bronze sponsors included Anders Wilhelmsen s, Arve Grundekjøn-CEO, Coca-Cola Drikker and John Ustas, Innesvingen Golf and Capital Asset Management represented by Tim Keane. A special thanks to Jan Søderstrom for denoting the annual trophy that will have the winning teams names engraved on it every year. The day itself was beautiful, not a cloud in the sky. As the day unfolded, everybody wished there were some clouds. The temperature rose to over 30 degrees centigrade. The course was in beautiful condition. The fairways were lush and the greens were fast-unusual for Norwegian golf courses. Although the atmosphere was cordial, the spirit of competition was hanging in the air. There were eight teams of four players. Every team started on a different hole at the same time, 10:00. The format was 18-hole Texas Scramble on every shot each team picks the best ball from the group and all continue to play forward from that place, counting only one stroke until the group holes out. On the turn (between the 9 th and 10 th holes) Team UPS 1 led by Jester Hansen held a slim lead of one stroke over teams UPS 2, ChevronTexaco and Team 4 with Hedge Rival, Nils-Petter Haugan and André Demarest. There were only two strokes separating the first place team from the #7 team. There were also competitions for longest drive and closet-to-the-pin. Tom Anderson of Millenium Golf won the longest drive. It s not so strange that Tom won this competition; after all, his company designs and manufactures golf clubs he used one of his new drivers during our Outing. Tom, we re going to check those clubs closely next year!! Per Reinboth won closest-to-the-pin competition. Both players received beautiful travel putters as prizes. After a grueling and hot four hours on the golf course the teams started to arrive at the clubhouse. Although Tim Keane and Per Wirström drove around the course dispensing liquids, there was still a strong need to rehydrate - anything would do: water, beer or soda it didn t matter. Soon after the golfers arrived on the veranda dinner began, served by Inga Joanna s Kro. Golfers and guests had their choice of a sumptuous chicken breast dinner or the Surf & Turf (steak with shellfish) together with baked potato, salad and beverage. After dinner, the moment of truth arrived which team would win the American Chamber Cup? The prizes were on the table, the scores were tallied, handicapped and arranged neatly by Marianne Røvang, manager and tournament coordinator at ØGK. Chamber Managing Director, Halfdan Kverneland Olaffssøn said a few words reinforcing the theme of the day that this Golf