He has an MBA from Harvard Business School and a bachelor's degree in economics from Northwestern University. Before that, Tie Bar was led by Co-founder Greg Shugar. Michael has 11 jobs listed on their profile. A 19th-century rowhouse gets a 21st-century revamp, Avli, a new Greek spot in River North: Our review. What could go wrong? He has lived with diabetes for more than 20 years and is president of the Illinois chapter of the Juvenile Diabetes Research Foundation. (312) 649-5200. Mr. Alter is the married father of three children, ages 16, 14 and 11. It was a lot of e-commerce and online marketing.” In 2011, SurePayroll was acquired by Rochester, New York-based Paychex Inc. Mr. Alter ran the SurePayroll division after that. He's a good guy,” Tie Bar's Mr. Alter said. E-mail our editor “In starting SurePayroll, one of the keys to our success was driving awareness of who we are and what we did. Illinois will have to vaccinate 10 million people against COVID. Chicago, IL 60601 Prior to The Tie Bar, Alter was a co-founder and President/CEO of SurePayroll, a SaaS technology company that is now a wholly owned subsidiary of Paychex®. Monday-Friday at 7 a.m. A roundup of the day's important business news. “Greg did a wonderful job building a business around a brand and a mission that guys shouldn't have to pay a lot for a great tie,” Mr. Alter said. Michael D. Alter leaves SurePayroll to head Tie Bar in Chicago. “So many guys talk about having to wear 'the uniform,' a suit and blazer. Copyright © RedFlash Press 2010 All rights reserved. Michael Alter is Clinical Professor of Entrepreneurship and a recent Entrepreneur in Residence at Booth. Monday-Friday around 3 p.m. Up-to-the-minute info on what's happening in Chicago business right now. ”. Along with sometimes getting each others' mail, their pictures have been swapped in media publications. Tie Bar is an online store that sells neckwear and other clothing accessories for prices starting at $15. Boozy freeze pops coming from the local firm behind Fla-Vor-Ice, Shopper traffic, sales reviving at Brookfield’s malls, CEO says, Evanston apartments expected to fetch $70 million-plus, Morningstar founder Mansueto buying Waldorf Astoria Chicago. Michael Alter, CEO of SurePayroll, shares three crucial lessons in this video interview on the sale of his company to Paychex for $115 million. Previously, Alter was the Chief Executive Officer of The Tie Bar - the #1 e-commerce destination for stylish men's accessories. Tuesday-Thursday. Crain's Daily Gist podcast: Why Joe Mansueto is betting on Chicago’s hotel market, Crain's Daily Gist podcast: Homebuyers continue to head for the suburbs, Crain's Daily Gist podcast: Illinois GOP had a surprisingly strong election night, Crain's Daily Gist podcast: What's next for political parties, Biden will need to get creative to save the economy, What COVID-hit businesses need from our leaders now. Mr. Alter, 46, replaces Anand Shah, who left in March (he was in the job a year after leaving Chicago-based Threadless). Michael Alter, CEO of SurePayroll, shares three crucial lessons in this video interview on the sale of his company to Paychex for $115 million. Our interview concentrated on how Mr. Alter listens to his market, and this he does intently. “And we're continuing strong growth this year,” Mr. Alter told me in an interview. Monday, Wednesday and Friday at 5:30 a.m. Alter co-founded SurePayroll in 2000 after six years with McKinsey and Company, where he... © Copyright 2020 Becker Friedman Institute for Economics at the University of Chicago • 5757 S University Ave, Chicago, IL 60637 • Main: 773.702.5599 • bfi@uchicago.edu. Will the city's arts and culture nonprofits survive? Trimming the turkey has a new meaning in COVID era, Illinois treasurer part of effort to boost corporate board diversity, Sponsored Content: Roundtable on the Contactless Office. The best source in Chicago for exclusive commercial real estate news. “We chose Michael because of his unwavering commitment to growing great businesses,” said Tie Bar board member Ryan Milligan, an executive at Chicago Growth Partners. Need an antidote to all this uncertainty? “The Tribune just used my picture instead of his and I said, 'He never looked so good.' View Michael Alter’s profile on LinkedIn, the world's largest professional community. How They Did It is a site for people with big ideas, projects, and companies, who have found themselves, at one point or another, under the gun, facing obstacles or challenged to push themselves way beyond what they thought they could do. Click here to get the full experience on your screen. https://www.chicagobusiness.com/.../surepayroll-s-michael-alter-named-tie-bar-ceo Who will lose in Loop office market's game of musical chairs? Their pricing includes a complexity factor attached to the number of employees. Missing Crain's in print? Mr. Alter became a customer about a year and a half ago, he says, adding the company is a good fit for him professionally. Markets digest election, pandemic and jobless data, with mixed results, Citadel, Citadel Securities opening Paris office, How Ken Griffin rode 2020's crosscurrents to propel his net worth to $20B, Chicago's former health chief joins Biden's COVID task force, Caution arises on rapid COVID tests in asymptomatic people. Their revenue stream is attached to running regular payrolls for their customers. Robert Jordan, Author, How They Did It: Billion Dollar Insights from the Heart of America. Scoops on Chicago's residential real estate industry. 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