Category Archives: business

Wes Edens: Behind the Scenes

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Mr. Wesley Robert Edens, otherwise called Wes Edens, is a Co-Founder of Fortress Investment Group LLC and has been its Private Equity Chief Investment Officer, Principal, President of Private Equity, Head of Private Equity and Co-Chairman since August 2009. He likewise fills in as a Co-Chief Executive Officer at the firm since December 2017. Mr. Wes Edens is in charge of private value and traded on an open market elective speculation organizations. He filled in as Chief Executive Officer at Fortress Investment Group LLC from April, 1998 to July 22, 2003. Mr. Wes Edens is a Co-Owner of Milwaukee Bucks, Inc. He filled in as Chief Executive Officer at Newcastle Investment Holdings LLC from June 2002 to February 21, 2007. Mr. Edens filled in as Chief Executive Officer at Eurocastle Investment Ltd. He filled in as the Chief Executive Officer from October 2002 to April 2006 and filled in as its President since December 2005 at Global Signal Inc. He filled in as Chief Executive Officer and President at Capstead Mortgage Corp. from April 2000 to July 22, 2003. In 2014, Mr. Edens likewise turned into a co-proprietor of the Milwaukee Bucks and drove the push to convey another field to the city of Milwaukee for the NBA establishment. Opening in 2018, the $524 million Wisconsin Entertainment and Sports Center is the focal point of an eager advancement venture led by Bucks proprietorship to change 27-sections of land of for the most part empty property into an energetic diversion locale. Mr. Wes Edens has been the impetus for the advancement of Brightline, the first exclusive, worked and kept up traveler rail framework in the United States that will associate Miami to Fort Lauderdale, West Palm Beach and in the long run Orlando. See more at bizjournal.com to learn more.

Notwithstanding serving on various expert sheets and commissions, Mr. Edens is a trustee and long-term supporter of the U.S. Ski and Snowboard Team Foundation and a functioning donor. He and his family settled The Edens Family Fund for Climate Change Research at Princeton University, a blessing that propelled the Urban Challenge inside the Princeton Environmental Institute.

Visit: http://www.industrialareasfoundation.org/topics/wes-edens

 

GreenSky creates first retail bridge loan

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In 2005, David Zalik was working as a consultant to some of the biggest home improvement companies in America. The entrepreneur had already found success running, first, his own computer company and then going into real estate and founding an e-consultancy called OutWeb. This firm allowed Zalik an up-close view of the way some of the largest home improvement companies made their money. He quickly noticed a serious leak in their business model, one that was costing them billions of dollars per year in the aggregate.

Bridge loans for consumers

What Zalik saw was that there were a large number of high-end homeowners who were seeking to do home improvement projects. Some of this business was coming directly into the home improvement stores when the homeowners were trying to act as their own general contractors. But most of this business was essentially hidden; it was secondary business that was happening when home improvement contractors would come into the construction supply stores to buy all the things they needed to complete their projects. This is one reason that Zalik was one of the first people to catch this huge problem.

Zalik saw that these homeowners, who rarely had anything resembling real contracting experience, would constantly and reliably underestimate the true cost of their projects by thousand or tens of thousands of dollars. When they got the real estimate from a professional contractor, the sticker shock combined with the simple lack of readily available liquid funds meant that many of these projects fell through the cracks. Zalik saw a way to save most or all of those deals.

He founded GreenSky  as a way to instantly provide point-of-sale loans to high-end homeowners, who almost invariably fall into the prime-borrower category. GreenSky , then, effectively provides bridge financing for retail customers. The brilliance of the GreenSky  model lies in the fact that literally everyone participating in these deals walks away a big winner.

When GreenSky  issues a point of sale loan, the contractors get to complete five- and six-figure projects that they would have otherwise lost. The homeowners get to add tremendous value to their homes and the banks get high-quality loans on their books.

https://www.greenskyonline.com/greensky/password/forgot

Stream Energy Unveils a New Foundation Called Stream Cares

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Following the Hurricane Harvey that caused loss of lives, pets, and destruction of properties in Houston neighborhoods, a Dallas-based company called Stream Energy moved with speed to finance the recovery process and help minimize the financial burden of its clients. The reputable direct-selling energy firm unveiled its philanthropic organization, Stream Cares, to reinforce its ongoing philanthropic activities across Texas and the nation at large.

 

Stream Energy has been active in philanthropy since its establishment. However, its recent charitable activities during Hurricane Harvey demonstrated why philanthropy is a critical part of the energy company’s DNA. Starting an independent philanthropy arm is a new phenomenon in the corporate world. This move has dual benefits. The company supports various causes in the community while concurrently gaining the trust and loyalty of prospective customers and the general public.

One special cause that Stream has invested deeply in is getting rid of homelessness in Dallas. Both the company and its staffs regularly track the number of homeless people in Dallas. In a bid to tackle the devastating homelessness problem in Dallas, Stream Energy has teamed up with Hope Supply Co. Through this collaboration, the two companies host an annual event called Splash for Hope whereby more than 1,000 homeless children from North Texas enjoy different meals and participate in fun-filled activities. Home Supply Co. regularly supplies clothes, diapers, and essential school supplies to homeless children. Stream has been directly involved in activities of this charity for over four years.

 

Stream Energy has also been offering humanitarian assistance during disasters. For instance, it responded quickly to help victims of Texas Tornado in 2016. It partnered with the Salvation Army in raising funds to support residents of North Texas who suffered massive losses. It doubled the funds donated by its associates.

 

Stream Energy in Brief

 

Stream is a well-respected and top direct selling company that provides energy, home, protective, and wireless services to its client. Stream is an authority in the energy space, generating more than $8 billion in proceeds since its establishment in 2005. The Dallas-based company offers its services in New Jersey, Washington D.C., Ohio, New York, Texas, and Georgia.

 

https://www.dmagazine.com/publications/d-ceo/2010/october/meet-ceo-rob-snyder-of-stream-energy/

OSI Food Solutions is Keeping the Global Market Fed

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OSI Food Solutions began in Chicago in 1909 as Otto & Sons. Founded by Otto Kolschowsky as a family-run butcher shop and meat market, over a century later it is one of the largest privately held companies in the food industry. Focused on producing and distributing high-quality food products and food solutions to the major food service companies like McDonald’s, and the retail market.

Highlighted for their excellent procedures implemented throughout the company from top to bottom in environmental management, OSI was one of 18 worldwide companies to receive a Globe of Honour in 2016.

With more than 17,000 employed by OSI Food Solutions, it operates over 65 food processing facilities worldwide. The ever-growing demand for chicken on the menu at restaurants in the US and across the world has led OSI Food Solutions to double its production capabilities in order to meet this demand.

By acquiring the Dutch company Baho Food, OSI has expanded its ability to reach its goals in providing Europe with better and faster distribution of food products. With the purchase of Baho Food, it also acquired food processing plants in the Netherlands and Germany enlarging their European market to meet customer requirements.

OSI Food Solutions also has acquired a former Tyson Food plant in Chicago and Flagship Europe. The latter company served the United Kingdom distributing and producing frozen foods like chicken and pie products for the foodservice industry. By continually looking for opportunities to make service to their consumers a reliable and environmentally sound experience, OSI stays a favorite as a provider in the global food market.

By offering to process, to customer specifications, not only meats but fruits, vegetables and other proteins, the team at OSI Food Solutions is one of America’s top 100 food service companies. Meeting customer expectations and unique requests are what OSI delivers, with the quality and respect for the environment that Americans demand. The team at OSI strive to keep delivering top quality products to feed the world.

https://www.kununu.com/de/osi-food-solutions-germany-osi-group-inc

Jeunesse Global helps people across the world realize their dreams

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It wouldn’t be unfair to say that Jeunesse Global is in the business of selling dreams. But unlike so many other businesses with lofty goals and rhetoric, Jeunesse Global has an ironclad track record of delivering on its promises.

 

Founded in 2009 by industry veterans Randy Ray and Wendy Lewis, Jeunesse Global was a different kind of company from the start. Ray and Lewis had spent decades successfully building some of the top companies in the direct-selling industry. They had earned enough money by the time they were in their early 30s to permanently retire. But the couple kept plugging away as their passion for creating great companies was enough motivation to keep them in the entrepreneurial game.

 

As they approached their 70s, however, the couple realized that they wanted to create a company that would serve as a lasting legacy and give back to the world that had given them so much. They created Jeunesse Global not as a way to earn even more wealth that they could never spend but as a means of helping people, worldwide, reach their financial, health and life goals.

 

To that end, Jeunesse Global was founded with one of the most impressive compensation packages of any similar business. It has turned thousands of its most dedicated distributors into millionaires and has changed the lives of countless tens of thousands more.

 

But it has been through the company’s products where it has made the greatest impact. Helping people across the globe to stay fit and young in ways that would otherwise be impossible, Jeunesse has added a great deal of groundbreaking products to the toolset of those looking to stay young and healthy into middle age and beyond.

 

With its Youth Enhancement System, Jeunesse Global has brought cutting-edge science to millions of customers, helping them to hold on to their youth and maintain a feeling of top health as they get older. This is part of the Jeunesse effort to create what it has termed Generation Young, the first generation in the history of humanity that will be able to indefinitely ward off the worst effects of aging.

 

https://www.linkedin.com/company/jeunesse-global/

Incredible Predictions From The Infamous Shervin Pishevar Tweetstorm

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Every once in a while, a famous or influential person decides to take over Twitter and talk about everything from their opinions on pop culture to ideas on the future of the economy. Well, one early Uber investor decided to go on Twitter and stay on Twitter for an incredible 21 hours. That person, Shervin Pishevar, is making waves with his nearly daylong Tweetstorm. Below are some of the eye opening predictions and opinions from Mr. Pishevar’s Twitter ramble.

The Dow Will Fall 6,000 Points

Starting out with a major market prediction, Mr. Pishevar Tweeted that the Dow Jones Industrial Average would drop 6,000 points. This is a bold prediction considering that the U.S. stock market is in its longest Bull market in history. If this prediction turns out to be true, this would make a 30% drop from the Dow’s highs.

Bitcoin Will Continue To Crash

Everyone has an opinion on Bitcoin and Mr. Pishevar certainly didn’t want to be left out. While other experts are predicting that Bitcoin could go to $100,000 or $1 million, Shervin Pishevar thinks the grandaddy cryptocurrency is going to go the other way. In fact, the Silicon Valley executive predicts that Bitcoin will fall all the way down to the $2,000 to $5,000 level. This price range would mark and 80% to 90% discount from Bitcoin’s $20,000 high in 2017.

Silicon Valley’s Days As A Tech Center Are Numbered

Perhaps one of the most shocking predictions from Shervin Pishevar is that Silicon Valley will no longer be the center of the tech universe. Mr. Pishevar believes that the next generation of start-ups will chose to work around the world and connect remotely with their clients, vendors and partners.

United State Infrastructure Is Falling Behind

Stepping out of his comfort zone, Shervin Pishevar predicted that the United States infratstrutuire will continue to fall behind. He cites the fact that China is able to build an entire train station in nine hours as proof that America’s ability to build quickly is falling behind.

The 21-hour Tweetstorm marked the first public statements made by Shervin Pishevar since allegations of misconduct in late 2017. In all, the Silicon Valley expert Tweeted out over 50 messages to his many followers. As the year passes, many people to look back to see which one of Shervin Pishevar’s predictions will come to pass.

http://baltimorepostexaminer.com/elon-musk-shervin-pishevars-hyperloop-maps-d-c-baltimore-route/2018/04/03

Flaws of Kerrisdale Capital according to Sahm Adrangi

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Sahm Adrangi is a financial guru who has acquired a lot of knowledge on matters concerning stocks; he currently serves at Kerrisdale. He has been involved in all aspects of the firm development since it was launched.He is best known for short selling and publishing research.

His research is mainly based on correcting the myths and the misconceptions that the third party have about the company. He mainly shares his research on the websites where the investors can easily access them and on such social media such as Twitter.

In his research, Sahm Adrangi also focuses on various sectors of the firm regarding resource and capital allocation, effective and efficient management of the company’s resources to enhance the continued positive growth of the company and increase the economies of scale.

He believes that KODAKOne is continuously experiencing diseconomies of scale which provides evidence that it may not be able to offer any benefits to the owners of the company or even Kodak main shareholders. Sahm Adrangi is highly interested in long-term investments. There are various reasons as to why Sahm Adrangi believes that Kerrisdale will continue making low profits or declining revenues.

One of the reasons is that KODAKone seems to have poor management. It is led by WENN Inc which Sahm believes has previously portrayed a poor track record. Poor management leads to misappropriation of funds, poor utilization of available resources, poor planning, poor management of credit facilities which can lead to bankruptcy or lead to low-profit making or even losses.

Another reason is that members of the board of directors with Kodak gave themselves some constant stock from KODACOne before it was launched which is so illegal.

Thirdly, even though Kodak has some partnerships, this will not reduce the rate at which they experience negative cash flows because they have made several fruitless attempts to improve the unsustainable capital structure.

KODAKone is led by WENN Digital Inc and other innovations. The companies have backgrounds with high uncertainties. In most cases, the success of any given business highly depends on its environment like the potential investors, lenders, and other financial institutions will need the background information of that company before getting into any commercial or any other business transaction.

https://www.benzinga.com/topic/sahm-adrangi

Bob Reina Persisted

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Bob Reina recounts the days of childhood when children persisted to learn how to ride a bike through all the trials and tribulations. When we fell, we got back up. Through skinned knees and scary first trips through the neighborhood alone, we still tried. As adults, things have changed. According to Bob Reina, now we give up to avoid being uncomfortable.

 

During our younger days, we had hope and ambition. We were eager to take on the world and would try again when we failed. Unfortunately, we’ve become quitters. We have become so focused on small things that we think may be small keys to happiness that we have given up on our aspirations. Bob Reina hopes to see a change in this disappointing trend. From diets, to marriages, to jobs, adults are just giving up at the first sign of difficulty or potential failure.

 

While the old saying of, “When life gives you lemons, make lemonade,” has recently gained popularity due to Beyonce, it seems like people don’t really grasp what this really means. It’s just a catchy phrase to add to an Instagram photo, according to Bob Reina. Today’s adults don’t want to look for the silver lining or put the time into achieving their goals, they want instant gratification and satisfaction now. The successful and elite don’t abandon responsibility and Bob Reina believes accepting responsibility and putting in the work could be the key to success in this nation.

 

Bob Reina founded Talk Fusion, a revolutionary video marketing system. He also acts as CEO for the company he founded. He began his career in network marketing in 1990 while also serving as a police officer in Tampa Bay. While he was directing traffic as an off-duty officer, a man introduced him to network marketing and his life was changed.

 

Reina has a passion for helping animals and along with Talk Fusion works with the SPCA of Florida to give back. He has also donated more than $1 million and assisted in raising even more money to help care for Tampa Bay companion animals. Bob Reina is also a dedicated member of the Tampa Bay local sports community, he uses his resources to provide uniforms for local teams.

 

While it didn’t come easy, Bob Reina persisted and became the success he is today. Learn more: https://patch.com/florida/southtampa/bob-reina-introduces-new-talk-fusion-software-features-webrtc-technology

 

 

 

 

Tony Petrello career journey and accomplishments

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Tony Petrello is well known by many people as a personality that blends and fit into the various ranks of corporate America. He is an eloquent speaker with humor in his speeches. Anthony Petrello was once famed to be the most paid CEO in the US. He was receiving an approximate payment of $ 68.2 million in 2014 from Nabors Industries, as the company president and the CEO. Nabors Industries is ranked top in the provision of oil drilling services. The company contracts in oil, geothermal and natural gases drilling jobs.

Tony Petrello is a humble and honest person who deserves what he earns. He has a firm moral code that is rooted in respect and fairness. As a manager and CEO, he treats his fellow employees fairly which has led to the creation of many jobs in the US. Anthony Petrello is seen to be the current captain of employment and philanthropic industry by helping Americans to transform their lifestyle. He has given back to the society through helping children with neurological disorders. One major notable donation include the $ 7 million donated to the famous Texas Children`s Hospital.

While Anthony Petrello leads the most reputable oil business in the world, he remembers his place of origin. Success was not handed to Tony on a silver platter he earned for it through determination, resilience and hard work. He grew up in Newark, New Jersey. Newark had its hardships, although they had a culture of work ethic and honor. It is through that culture which made Petrello be well molded with virtues and integrity. He knew he must work hard in school and life to make ends meet. He was exceptional in that he mastered the concept of differential calculus in his early age.

Anthony Petrello was awarded the full scholarship to study mathematics at Yale University. He became a mathematical scholar for sometimes until he lost the passion and shifted his career journey. He went to Harvard Law School and pursued law. After his studies, he joined Baker and McKenzie law firm in America where he specialized in business law, taxation and arbitration.

Anthony Petrello started serving the role of the chief operating officer in Nabor`s Industries before climbing the ladder to be the CEO. In all the positions he held in the company he left an outstanding mark setting a precise pace for the successor. He has been of value to the company in that he helped in $32 million acquisition of Grace Drilling in 1993.

Read More: fuelfix.com/blog/tag/anthony-petrello/

Matthew Autterson and his Stance on Neuropathic Pain

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Matthew Autterson is the President and CEO of the CNS Biosciences, Inc. Mathew was born in Detroit, Michigan. He now lives in Cherry Hills Village, Colorado. CNS Biosciences, Inc. was founded in 2013 by Scott Falci M.D. CNS is a clinical-stage drug development company that focuses on neuropathic pain. Mr. Autterson studied at Michigan State University where he graduated with a B.A. in Finance in 1979. He then attended University of Denver Graduate Tax Program.

Work Experience

Autterson started his career at First Trust Corporation, a subsidiary of Fiserv. In 1980, he joined a small team of associates to establish a new Colorado state-chartered trust company as a subsidiary of New York-based financial services company Integrated Resources, Inc. Autterson was elected to be the president of Resources Trust Company in the 1986.

Falci Adaptive Biosystems works to provide greater mobility to the disabled.

Matthew Autterson serves on the Board of Directors at Falci Adaptive Biosystems; a nonprofit organization that mainly specializes in helping those with neuromotor disabilities. They aim to enhance their ability to interact efficiently with their environment. Through close partnership with top engineers and leading medical centers, top technologies are developed and transitioned into rehabilitation and adaptive systems.

Philanthropy Acts

Matthew Autterson is a leader in Colorado’s business community. Falci Adaptive Biosystems is the philanthropic interest of Matthew. This came about after serving on the Board of the Denver Zoo and Denver Zoological Foundation for many years.  Additionally he was Chairman of the Board at Denver Hospice and a board member of the Young Presidents Organization.

Other Business Ventures.

Matthew Autterson is also a managing partner at GL3B Partners Limited, LLP a closely-held investment entity in Cherry Hills Village.

He lives in Cherry Hills Village with his family and is actively engaged in the community.