Monthly Archives: June 2018

Wesley Edens: the co-founder at Fortress

Wesley Edens is among the co-founders of Fortress Investment Group in 1998. His fellow co-founders were as Randal Nardone, Peter Binger, Robert Kauffman, and Michael Edward. In 2007, the Wall Street Journal proclaimed his style of investment was that of creative financing, contrarian bets, and building companies from mere investments. Eden began his career at Lehman Brothers in the year 1987. He became partner and managing director up to the year 1993. Blackrock Asset Investors was the next step in the career of the man. He continued to serve as the managing director and partner at Blackrock. He worked there until 1997. Thereafter, they founded Fortress Investment Group. The co-founder went to the Oregon State University where he pursued a Bachelor of Science in Finance and Business Administration. It was in the year 1984.

Fortress Investment Group is a financial institution that deals with real estate and vehicle lending activities. The group started as a private equity firm and it has grown to be among the leading investment companies in New York. In 2007, its Initial Public Offering to increase by a large margin when it went public. As of recent times the firm has bagged over $40 billion with over 1,750 investors in hedge funds, permanent capital and private equity. With more than 900 workers, the firm is undoubtedly a large investment bank. Fortress main aim is to put in high risks with the hope that the pendulum goes and comes back with high returns.The main agenda lies in five different areas, asset-based financing, operation management, corporate mergers and acquisitions, capital markets, and sector-specific knowledge of financial markets. On asset-based funding, investments entail private equity and credit funds.

Such environments there are a variety of assets that create long-term cash flow for the firm. Financial items that bring the cash flow include real estate, capital for businesses, and issuance if vehicles. In regards to technical knowledge in finances, they have a skillset in that sector. Fortress recently merged with Asia’s Softbank. It is a perfect example of mergers and acquisition function.Also, they maintain good relations with both the employees and their corporate board members. It is an aim by the organization to harmonize everyone working for them in whichever capacity. Eden was behind another merger between Fortress Investment Group and Springleaf Financial services previously known as American General Finance, (AIG). Fortress became the majority shareholder thus they became partners and merged their businesses. In August 2010, Fortress acquired 80% of Springleaf for 125 million dollars. Fortress then went ahead to build out financial services within its private equity docket, which is at about 14.3 billion dollars in assets.

LOUIS CHENEVERT: AN AERONAUTIC’S MASTERMIND

The aeronautics industry mainly serves the defense and aerospace fields. Many companies and individuals that influence the industry have a profound impact on how the government allocates funding for their respective countries. In today’s article, we will recap a recent Ideasmensch.com interview with one such influencer in the aeronautics field, Louis R. Chenevert, former chairman and CEO of United Technologies Corporation (UTC). The article will give some basic background about Mr. Chenevert’s career paths but will mainly focus on his time at UTC. We will also recap some of Louis’ perspectives on the industries that he has served in the past.

 

Louis worked with United Technologies Corporation (UTC), a military and aerospace company based out of Farmington, Connecticut for eight years. He had also served as Director of Technology and President during his tenure at UTC. He has also worked for Pratt and Whitney and General Motors along with Goldman Sachs as a financial advisor. Prior to his work, Mr. Chenevert studied in Montreal, Canada, and obtained a Bachelor’s Degree in Production Management. We will now focus on the Ideasmensch.com article that relate to his time at UTC.

 

After being asked about where the idea for UTC came from Louis stated that the name primarily came from the company’s core product base which includes military engines, parts from commercial aircraft and helicopter technology. He seems to stress the importance in working with small teams and when asked about his product ideas, he mentions that operations and engineering play a key role in the development of these products upon his time at UTC. When asked about the latest trends, Louis replies that “…technology and the speed of change created truly profound opportunities…” for his company. He appears to be an individual that has a “go-getter” attitude and likes to push others in order to drive success. After being asked about what he would do differently in his career path, he answered that political agendas need to be observed and to not waste time on others who do not have the same focus as the company or product.

 

https://www.cnbc.com/louis-chenevert/

Vijay Eswaran Talks about the Qualities That Makes Someone a Great Leader

One of the most successful business leaders from Malaysia, Vijay Eswaran was born in Penang, Malaysia in 1960. Today, Vijay Eswaran is nearly worth $500 million that he has made in the past couple of decades through the success of his company, QI Group of Companies. Vijay Eswaran did graduation with a socio-economic degree from the London School of Economics and then went on to travel Europe extensively and also did a few odd jobs from time to time. Later on, Vijay Eswaran travelled to the United States, where he did Masters in Business Administration from the Southern Illinois University.

Vijay Eswaran believes that it is necessary for the people to adapt to the changes in life if they want to be successful. He also said that as a leader, it is essential to be committed to the employees and the workers and their growth as much as the growth of the organization. It is the leader of the company who imbibes in the organization the core values in the company, and without the set of core values that define the organization, it is impossible for the organization to last long. The core values are the fabric on which the organization functions and it is the job of the leader to ensure that the values of the company resonate with the organization and are upheld.

Vijay Eswaran is of the opinion that people should aim to become servant leaders who not only lead people but also inspire people to serve. A true leader is not someone who just tells people what they need to do. Instead, they show people how things are done. Those who have a clear vision of what needs to be achieved are the ones who are able to become great leaders. One of the biggest investments that leaders can make is by investing their time in their people. They inspire people to become the best version of themselves and to serve others who are unable to do it on their own.

Vijay Eswaran is also a noted author and a motivational speaker. Over the years, Vijay Eswaran has spoken on many important world events and has received many awards as well for his contribution in the field of business and inspiring the next generation. Vijay Eswaran is also a noted philanthropist and runs Vijayaratnam Foundation as well as Rhythm foundation, which are engaged in giving back to the society. Find out more about Vijay Eswaran: http://bookmarketingbuzzblog.blogspot.com/2018/02/author-interview-with-vijay-eswaran.html