Category Archives: CEO

Fortress Investment Group Acquisition by SoftBank: Randal Nardone’s View

Before venturing into the financial industry, Randal Nardone was an attorney working for Thatcher Proffitt and Wood Law Firm. In the financial sector, he worked for Blackrock Financial Management as a principal and UBS AG as a managing director. Later, Nardone co-founded the Fortress Investment Group, a renowned company that has managed more than $70 billion in private equity and credit funds. Nardone is both the CEO, principal, and board member of the group. At the company, Nardone is charged with overseeing financial and legal matters. He is cited for his sharp financial skills that he acquired working for different companies in various sectors. Nardone’s rich educational background has been an essential ingredient in his success at the investment giant. He has earned a fortune and ranks #557 on the Forbes list of Billionaires with a net worth of 1.8 billion. Visit angel.co

In 2017, Fortress Investment Group hit the headlines when it announced that SoftBank was acquiring it. SoftBank Group is a Japanese multinational holding corporation that is the 72nd biggest company in the globe by revenue. It purchased Fortress and all its shares at the cost of $3.3 billion after satisfying all the conditions of the transaction. The primary reason SoftBank acquired Fortress is that it was attracted to its great leadership, world-class investment platform, broad-based expertise, and exceptional customer service. SoftBank intends to uphold Fortress’ leadership including Randal Nardone, business model, personnel, and culture that have sustained its outstanding performance over the years. Currently, Fortress operates as an autonomous firm under the SoftBank’s umbrella.

Randal Nardone contends that he is optimistic the acquisition is a good deal, which will strengthen the company substantially. Fortress will have greater financial strength because of SoftBank’s large financial muscles. Both Fortress and SoftBank stand to gain in the acquisition especially financially. SoftBank has a global portfolio of corporations that will be extremely beneficial to Fortress. Fortress will leverage SoftBank’s mass clientele to its investment strategies. Randal Nardone affirms that investors are optimistic about the acquisition especially the increased speed of doing business because of the vast pool of resources available. Read more on https://patch.com/new-york/new-york-city/force-innovation-two-decades-fortress-investment-group

INNOVACARE HEALTH- THE LIVES OF RICK SHINTO AND PENELOPE KOKKINIDES

InnovaCare Health was established in 1998 by its chief executive officer and President Rick Shinto after he became a member of the North American Medical Management (NAMM) team in California. As a practicing medical care provider, he was able to detect the need to fill in the unmet operational expertise amid the players and physician groups in the evolving market and Rick Shinto worked tirelessly with the NAMM to enhance the efficiency and quality of healthcare.

InnovaCare Health has a team of experienced leadership team which consists of finest experts with evident expertise to assist healthcare companies and organization to surpass their industrial growth demands. Through leveraging the combined operational and administrative expertise of innovaCare’s team, the partners are assured that the integrated value-based model will go a long way into capturing opportunities and recuperating quality, margins and engagements.

Rick Shinto has more than twenty years of experience in operational and clinical health care. Before joining the company, he had served as the chief medical officer and the chief operating officer at Pathways Management Company. He also served as MedPartners as the corporate vice president between 1996 and 1997. Rick Shinto has an M.B.A from Redlands University and a medical degree from the University of State based in New York. He also owns a B.S from California University.

Penelope Kokkinides is a renowned InnovaCare Health Inc. chief administrative officer. Penelope rejoined this organization in 2015 in July. She has served as the clinical operation’s vice president and the chief operating officer in the past at InnovaCare. Penelope Kokkinides has an over twenty years experience in the healthcare industry specializing in Medicaid and Medicare in government programs and the managed healthcare field. Her major focus is improving both the organization and infrastructure through her extensive expertise and knowledge.

Before joining the InnovaCare Health team, Penelope Kokkinides served as the chief operating officer and the executive vice president at Centerlight Healthcare where she was charged with a responsibility of directing and managing the managed care division. She was also Touchstone’s chief operating officer and American choice’s disease management and care management vice president.

 

Penelope Kokkinides holds a classical languages and biological science bachelor’s degree from the University of Binghamton and a master’s degree from the University of New program York in social work. Penelope also owns a post-masters advance degree in substance and drug abuse and a public health masters degree from the University of Colombia Public Health School.

https://www.manta.com/c/mmnthrl/innovacare-services-company-llc

Steve Ritchie Implements Diversity Measures

In Papa John’s first advertisement campaign of the year, the company posted a video to social media the following message for customers: “You expected better from Papa John’s. So did we.” The campaign also included comments from customers expressing their disappointment in the Papa John’s brand. CEO Steve Ritchie also issued an open letter to Papa John’s employees, franchisees, and customers in which he outlines some of efforts the company has taken thus far. Steve Ritchie also said in the letter that the Papa John’s leadership team had recently underwent “unconscious bias training” and that there are plans to implement the program on a nationwide basis. In addition, the long promised independent cultural audit and probe of its diversity and inclusion practices is currently in progress with actionable recommendations to ensue.

Steve Ritchie Papa Johns recently completed a listening tour which saw the CEO and other Papa John’s leaders visit the cities of Atlanta, Los Angeles, Dallas, Detroit, and Chicago to obtain feedback from team members and franchisees on how the company can perform better. CEO Steve Ritchie also intends to assemble a special advisory group of nationally respected experts in the areas of diversity, equity, and inclusion to shepherd the brand in these respects. Steve Ritchie also express a personal commitment to adding more females and minorities to the leadership team of Papa John’s. Papa John’s will also be launching two long-term initiatives as well. The first initiative involve the expansion and development of a minority-owned franchise program. The second initiative will establish a new foundation for the express purpose of making a positive impact in the communities in which employees reside and work. Steve Ritchie said that the company “will support causes that bring people together.” CEO Steve Ritchie also said that “Papa John’s is 120,000 corporate and franchise team members around the world. We stand for equity, fairness, respect and opportunity.”

Category: CEO

Richard Liu Qiangdong reveals what helped his company to succeed in the e-commerce industry

Richard Liu Qiangdong, the founder of the largest online retail platform in China, talked about what helped business to succeed during the annual world economic forum of 2018. To bring things to a clear perspective, Liu built the online platform from scratch to become the largest online retailer in China. In January this year, Forbes ranked him among the top wealthy Chinese business people with an estimated net worth of eleven billion dollars.

But how did Richard Liu start?

Initially, Richard Liu Qiangdong wanted to venture into politics. He even enrolled for a course in Sociology in a college in Beijing. He grew in a modest family where his parents owned a small transportation company dealing with the transportation of coal from China to the south. By the time Liu completed university; the family business was already crumbling.

While in college, Richard Liu enrolled for programming classes and even started coding as a freelancer. By his third year in college, he established his first business using his saving and money borrowed from his parents. Unfortunately, his business collapsed and left him in debt.

After graduating from college, Liu joined a Japanese health firm, where he worked for two years. He later quit his job and started another business, known as Jingdong. At first, Jingdong was a brick and mortar store, which quickly grew to twelve stores. When SARS broke out in 2004, Richard Liu was forced to close his stores and started selling his products online.

How JD.com succeeded as an online platform

When Liu established his online retail platform, the market was chaotic. The Chinese market was filled with counterfeit products, and the existing businesses did not care much about their customers. Liu Qiangdong came up with new rules that set him apart from his competitors.

Saying NO to counterfeit products

When Liu established Jingdong, he decided that his business would only deal with original and genuine products. Within a few years, his company won the trust of millions of shoppers who are out looking for genuine products. Liu also streamlined the delivery system and customer care by ensuring that products are shipped within a short time, and customer complaints are resolved whenever they arise.

To know more click: here.

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Flavio Maluf On Business And Brazilian Exports

The Brazilian agribusiness balance was announced recently for the period of June. In opposition to (for instance) the Non-Farm Payroll in America, which is announced each month to demonstrate the measure of non-cultivated related merchandise that make up the US economy as a way to measure financial gain or loss, the Brazilian agribusiness balance speaks to exclusively the extent of cash which is made from farmable products. Year-over-year since last June, Brazil’s figures are down seven tenths of a percent (0.7%), as per Eucatex CEO and Grandfood president Flavio Maluf. About half of Brazil’s national export sales are identified with Agriculture, speaking to the tune of 9.21 billion dollars, or 45% of the aggregate whole within international exports. A vast level of this 9.21 Billion, around 53% out of 2018, is because of soy-related products. Read more about Flavio at terra.com

Flavio Maluf would most certainly know a thing or two about business in Brazil, in light of the fact that South American business keeps running in his family and has for quite a long time: His granddad Salim once possessed the biggest sawmill in all of South America beginning in 1940. His family made their fortune chopping down Eucalyptus trees to make chunks of furniture, and as a matter of fact they were very first Home Depot lumber items to be presented as eco-friendly. With a family as savvy as this, Flavio was naturally introduced to an exceptionally well off and politically sharp crowd thanks to his family and the proceeds of their Eucalpytus gathering. Despite the fact that Flavio Maluf was naturally introduced to riches growing up, it was still his conscious choice to bear the burden of entrepreneurialism; he could have quite easily surrendered to his family’s status and just enjoyed the ride. This speaks volumes to his work ethic and credibility in the business world.

Read more: https://pt.wikipedia.org/wiki/Fl%C3%A1vio_Maluf

 

Robert Ivy Has Roots In The South That Are Paying Off

Robert Ivy is connected to Mississippi because that is where he was raised, and he was always active in the community. His love for his place of residence is paying off because Robert has been named the recipient of the annual Noel Polk Lifetime Achievement Award. This award is given to people who have shown a great respect for the arts and helped promote the arts in multiple ways throughout the year. The award is given by the Mississippi Institute of Arts and Letters. Visit on his twitter for latest updates.

Robert Ivy is currently the CEO of the American Institute of Architects, and it was this institute that made the MIAL want to give the annual award to Robert. For starters, Robert has helped graduates from the institute find work in all 50 states. Even more impressive, Robert Ivy has made deals with dozens of states, and these deals state that the state will only hire architects from the American Institute of Architects. In this way, Robert has caused architecture to become an art on its own. Another great thing Robert Ivy did was help students get a free education at the American Institute of Architecture. He did this by helping high schools embrace architecture as an art and offer it as a course in the classroom. Students who took these classes have been given full scholarships to the institute. Robert has even helped people with a GED attend the institute at no cost to them.

In addition to being a leader in the world of architecture, Robert Ivy is also an author. Over the next few months, Robert is planning on providing the entire online community with articles on how he attained such a high achievement. Robert is also expected to discuss where he hopes to see the field of architecture in the next few years, and he is also expected to discuss how architects can go about making more money.

Read: https://www.bizjournals.com/washington/quick_news/2010/12/american-institute-of-architects-news.html 

 

Category: Architecture, CEO

Felipe Montoro Jens Transforms Brazil’s Financial Institutions

The adaption of private-public partnerships has fostered rapid development in various parts of the world. This concept is highly supported by Finance guru, Felipe Montoro Jens. His input in the benefits of governments allowing private companies to invest in their countries has created a name for him in his home country of Brazil. He has been known to be the link between governments and private investors seeking to set up infrastructure in Brazil. His experience in financial planning that dates as far back as two decades has earned him a voice in finance and administration. Visit infomoney.com to know more about Montoro Jens.

Felipe Montoro is the brain behind the new financing structure, which encourages different players in the private sector to come in and finance projects that were previously, solely financed, by the banks. This he says creates competition and does away with monopoly market that existed previously. In return, the citizens are assured of better services because the private companies will do their best to secure another financing project in future.

In a recent meeting with officials from the Inter-American Development Bank, Felipe Montoro noted that allowing public-private partnership between America and Brazil would close the gap between the two regarding infrastructure. Felipe Montoro Jens stated that the partnership would kick-start projects that had not been started due to lack of capital. This resonates well with his belief in the improvement of Brazil’s economy through building modern infrastructure He also believes that this model will benefit the country by making it easy to monitor the projects and account for the money spent.

Felipe Montoro advises young entrepreneurs to have a goal and remain focused on it until the goal is achieved. In addition, Felipe Montoro asks aspiring leaders to give their best regardless of the nature of their work or their current position.

View:http://www.infomoney.com.br/negocios/noticias-corporativas/noticia/7406991/felipe-montoro-jens-reporta-discussoes-reuniao-especial-governadores-bid

 

Shervin Pishevar And His 21-Hour Tweet Storm

Shervin Pishevar has long been a man of many elaborate words. Although he had to resign from Uber because of some highly public personal issues, he still has retained a heavy presence on Twitter. Last February, he literally went on a tweet storm binge: 50 messages, spread out over 21 hours, discussing everything from his predictions for the American economy, bonds, Bitcoin, immigration, and even SpaceX among many others. Here is just a sampling of some of the things he said:

Shervin Pishevar doesn’t hold out much hope for the US economy.

In particular, Shervin Pishevar believed that the markets would suffer a 6000 point drop in the coming months. Along the same lines, Pishevar also believes that bonds would drop considerably, because according to him, “the genie is out of the bottle.”

Pishevar almost noted his beliefs that the Bitcoin crash wasn’t necessarily over yet.

Pishevar’s tweet storm also touched on the rise and fall of Bitcoin. He said he felt they’re crash wasn’t over with yet; he predicted that gold would rise and Bitcoin when go two around 2000 and price and then go up.

He also noted that Silicon Valley in California is losing more and more influence all the time.

Shervin Pishevar noted how he no longer believes that this innovation present in the state of California is beholden to a physical place. He feels that innovation can take many different forms. Of course, as an early investor in Uber, he would be well aware of some of the out-of-the-box thinking that is needed to be a successful startup in today’s economy. Along the same lines, Shervin Pishevar also noted the immense success of Elon Musk, currently of SpaceX fame. He feels that the United States will have to continue to adapt to be able to compete in the 21st century. Although he sees some progress in that regard, he feels more needs to be done.

Conclusion

Naturally, some were questioning this tweet storm by Pishevar. However, it is his insight and out of the box thinking that has always spawned the best companies. Judging from his personal experience, it will always remain that way.

https://www.ogilvy.com/tag/shervin-pishevar/

Sahm Adrangi Negative Report on Queenstreet

Kerrisdale capital is an investment manager that is based in New York. It was founded by Sahm Adrangi in 2009. The firm manages $300 million of investments. It’s founder Mr. Sahm Adrangi holds a bachelor of Ats in economics that he studied at the university of Yale. Before he started kerrisdale capital, he had worked with Longacare as an investment analyst. He had also worked at the bankruptcy restricting group at chanin capital partners where he always advised creditors.

Kerrisdale is basically an investment manager firm that is focused In long term investments. In April 2018, kerrisdale founder Adrangi published a negative report against the queenstreet. Queenstreet is an internet marketing company, recently the company has quadrupled its stock and its investors were now happy that the company is now taking on a better direction. In the report, Adrangi pointed out that the stock growth entirely came from a single customer.

The revenue of this customer however is flattening and that shows that Queenstreet Company will once again have a very slow growth. In addition to that, kerrisdale capital also pointed out that the queenstreet affiliated sites largely profit from suspicious web trafficking. The kerrisdale also went ahead and did their research and concluded that the company’s site gets its traffic from a largely defunct site known as insurance branch

This site had recruited users to click on the advertiser-sponsored links in order to earn an online currency known as swagbacks. Sahm Adrangi also states that the queenstreet company relies on unreliable and outdated technology. Kerrisdale capital did not stop at that, they also stated that queenstreet had violated the Telephone Consumer Protection Act (TCPA). There were multiple website visitors of queenstreet website visitors that sued the company of contacting them via auto-dialer of which customers never agreed to.

Sahm Adrangi also helps interviews with some of the queenstreet workers and according to them the company was dealing with a lot of shady connections. The connections according to one worker suggested that they were somehow unethical to their clients. The weak technology for instance, are old despite the fact that the company has been in online business for quite some time.

In the report, Sahm Adrangi concludes that though the company still relies on shady third party affiliate sites they will face fresh scrutiny in the future.

http://fortune.com/2016/04/21/sahm-adrangi-kerrisdale-short-sale/

Bradesco’s Luiz Carlos Trabuco Transitions Out Of The Presidency

Luiz Carlos Trabuco’s storied career at Bradesco Bank is nearing its end, but the decision comes, not at the request of Trabuco, or the company he has expertly led, but due to the bank’s own laws, limiting the presidency to those under the age of 65. Luiz Carlos Trabuco is, in fact, 67. The stipulations were temporarily relaxed following the untimely death of his successor Marco Antonio Rossi, Bradesco’s vice president, in a plane crash. The tragedy occurred just as Bradesco’s acquisition of HSBC’s Brazilian subsidiary was underway. Trabuco agreed to remain with the company, helping to steer it through the tumultuous waters with the steady, guiding hand he is known for.

A graduate of the University of Sao Paulo, Luiz Carlos Trabuco joined Bradesco in 1969, fresh out of college. He has remained with the Sao Paulo-based company ever since, achieving the pinnacle of his profession when he became Bradesco’s President in 2009. His successor as the head of Bradesco, one of the largest banking operations in Brazilian finance, was recently announced, and the choice caught many by surprise. Octavio de Lazari is currently an executive vice president of the bank and CEO of the Bradesco Seguros Group. It was thought by most insiders that the vice president of Bradesco’s technology department, Mauricio Minas, would be the chosen replacement for Trabuco.

Read more: Next Bradesco president to leave the bank’s board of directors, Says Trabuco

Luiz Carlos Trabuco will remain in this role until his successor is installed in office and, like Lazari’s other predecessors, has given his full support to the bank’s new leader. Trabuco has stated that he believes Octavio de Lazari possesses the personal attributes necessary to steer the bank forward on a trajectory of continued growth and influence, nationally and globally.

Octavio de Lazari has big shoes to fill in replacing Luiz Carlos Trabuco according to g1.globo.com. Trabuco’s stewardship saw the bank’s market share in Brazil’s competitive banking sector rise to 26% in 2017, a peak not seen for several years. That was on top of revenue growth totaling 6.8% higher, year over year. With Brazil’s economy set to grow up to 3% over the next year, and low unemployment across the economy, Bradesco can expect to see good results in the years ahead. As for Luiz Carlos Trabuco, well he isn’t heading off to a golden retirement anytime soon. Last fall, Trabuco took over as Chairman of the bank’s board, a position that will allow him to steer Bradesco’s culture towards a sustainable and promising future.

Source: https://oglobo.globo.com/economia/bradesco-anuncia-novo-presidente-octavio-de-lazari-junior-vai-substituir-luiz-carlos-trabuco-cappi-22365414#ixzz56wDld69g

Category: Bank Industry, CEO