Most people know Wes Edens as a private equity investor and successful businessman, but some didn’t know that he is also the chairman and co-founder of Fortress Investment Group. Being successful in such business venture is not a simple thing. It means the individual has strong leadership skills and undying driving force when it comes to business matters. Although you may have come across a company that is an alternative asset manager, it is possible that it wasn’t as large as Fortress Investment Group is. Edens graduated from the Oregon State University with a bachelor’s degree in finance and business administration. He didn’t start his career in finance the other day. He has worked in other places such as at Lehman Brothers where his career started. He served in different positions at Lehman before he left it in the year 1993.
Besides being a partner at the Lehman Brothers, he also served as a managing director. He later went to BlackRock, a global investment management company based in New York.This company has its private equity division, Blackrock Asset Investors, where Edens worked as a partner and also a managing director. He left it in 1997 and became a co-founder of Fortress Investment Group in 1998. Others whom he co-founded this Group with include Peter Briger, Randal Nardone, Michael Novogratz and Robert Kauffman. There wasn’t any other buyout firm that was traded publicly before Fortress Investment Group came forth. That year, an article in Wall Street Journal described Edens style of investment as one from creative financing. The article further highlighted that Edens had adequate skills for building businesses through investments. Through his great leadership, the firm was able to sell about 8 percent of its shares to the public.
The shares were sold for about $600 million. This saw Edens become the co-chairman of the Group’s board of directors the same year.In the year 2015-2016, Edens served as the chairman of the Fortress Transport and Infrastructure Investors. His exceptional skills in business have made him own several businesses such as the NBA franchise. He also owns eSports FlyQuest team and he also promised to come up with another new arena. At Nationstar Mortgage, Edens serves as the chairman. This is a firm that offers mortgage loans for those who are in need of subprime home equity. Don’t just assume that Edens is all lost in business. He is a committed family man; a husband and a father of four children. Mountain climbing and horse jumping are his most enjoyable activities.
Randal Nardone is one of the revered CEO in the financial service industry. He is the co-founder of the Fortress Investment Group. The company is among the most significant investment firms in the country. Before working at Fortress investment group, Randal has had experience working in the legal department as a partner of a law firm. After working for the law firm for quite some time, Randal took some interest in the financial service industry which was not in line with his education background. He joined a Financial management firm where he was assigned the role of principal. He did not work for long in the company before he quite and joined USB. At USB he was assigned a more demanding role as a Managing Director. He worked for the company for one year. His experience in the Financial services industry gave him enough knowledge that led to the co-founding of the Fortress Investment Group.
Randal is a passionate and a skillful manager. His management skills are however not from his education background rather from experience working at different managerial positions in different companies. Nardone studied at Boston University of Law School where he studied arts and English. He later enrolled at Connecticut University where he studied biology. Randal is an excellent leader.Employees working for him at Fortress Investment Group collectively attest to their satisfaction working for the company and particularly, having Randal as their leader.Randal’s leadership style emphasizes the importance of teamwork and he has always encouraged all his employees to work as a team to attain the shared goals.
Randal has played a significant role in Fortress investment group. Even before the acquisition of the company by Softbank, Fortress Investment Group was still a market leader and a company that was respected for its efficient services.Randal has many hats in different organizations. As a result, he has accumulated quite a lot of funds as salary and allowances. For instance, he has worked at Springleaf Financial Holdings, RIC Coinvestment Fund, and IMPAC Commercial Holdings among a few. Cumulatively, Randal’s salaries and allowances have increased his net worth. He is now a billionaire and was listed in the Forbes billionaires list as number 557.
Many proponents questioned when President Donald Trump named Betsy DeVos as the United States Department of Education Secretary because she had little experience with public schools in the nation. In fact, the two largest teachers unions hesitated to work with this lady from Michigan who has championed the school voucher program in many states. Since Vice President Mike Pence cast the deciding vote for her appointment to the office, she has championed the cause for all children in America to get a better education.
In her first few months in office, Betsy DeVos has left her mark on education. States must submit a written plan on how they plan to improve education in their states to her office. She sent some of those plans back to the states demanding that they set higher standards for all students in their states.
President Obama had ordered that transgender students be allowed to use the bathroom of their choice. Despite her strong Christian value system, she still ordered the United States Department of Education’s Civil Rights office to consider these cases on a case-by-case base so that they were doing what is in the best interest of the student involved.
She praised United States President Donald Trump for pulling the United States out of the Paris Accord because he believed that climate change is based on false science. While not all science teachers can be found on one side or the other of this issue, she gave teachers the opportunity to discuss with their students how government and science work together. Lively debates happened in many classrooms encouraging students to think about the issue for themselves.
More recently, when Oklahoma teachers went on strike to protest cuts in school funding, she argued that teachers should do what is right by the student and return to the classroom saying that adult matters should not impact children.
Betsy DeVos will continue to let her Christian value system guide her life. She will also continue to stand up for the rights of children regardless of the type of school that they attend.
Avaaz is a U.S. based website launched in 2007. Their CEO is Ricken Patel. The site was founded by many others as well. Their intention with Avaaz is to promote activism and change across the globe.
Avaaz translates to “voice” in many languages. The website lives up to their name. It allows activists create their own petitions and support others. They support initiatives such as human and animal rights. Climate change and social issues are actions they focus on as well. Avaaz also supports media campaigns and organizes offline protests. “The Guardian” considers Avaaz the largest and most powerful online activist network in the world.
Locations and Diversity
Avaaz communicates and campaigns in fifteen languages. There are thousands of people signing petitions in over 6 continents. Each of those continents hosts a core team for Avaaz. These numbers are still growing today.
Leaders, Founders, and Supporters
Ricken Patel is the British-Canadian CEO of Avaaz. Other co-founders include Tom Pravda, Tom Perriello, Eli Pariser, David Madden, Jeremy Heimans, and Andrea Woodhouse. Avaaz was also co-founded by groups like MoveOn.org, Service Employees International Union, and Res Publica.
Avaaz is completely member-funded. They also take most of their ideas from their own members and what is important to them. The issues they focus on are the same as the collective whole. Since 2009 the website hasn’t taken any money from foundations or corporations trying to sway their agenda. This makes them accountable, independent, and responsible. This makes them a true Democracy
Avaaz unites practical idealists from around the world. Their mission is to close the gap between the world we have and the world everyone out there wants. This is according to CEO and founder Rick Patel. Their motives have been questioned like any popular media outlet. However, the legal questions against them have been proven false as they had no basis in truth. Despite a few criticisms, their vision remains the same for over a decade. Avaaz still promotes change online and in person around the world. They’re building a bridge to the golden world we all dream of.
Experts are questioning the trend of companies ending their stock options. Some companies say they are doing it to save money; some are providing more complex reasons for ending stock options as a secondary compensation method.
Jeremy Goldstein is a business lawyer that currently holds positions at several institutions and law firms. He is the chair for a mergers & acquisitions subcommittee at the American Bar Association, as well as a partner at his own law firm. Goldstein founded Jeremy Goldstein & Associates LLC after the recent recession, and he decided to put his fate in his own hands.
Goldstein argues that companies may want to reconsider ending stock options. He claims that the pros far outweigh the cons, and companies can benefit greatly from reemploying stock options as compensation bonuses to employees. Mainly, if stocks are going up in value, employees will experience increased morale. This leads to a more productive work force and a more efficient company.
When you offer stock to employees, you have an excuse to raise stock prices. The influx of buyers creates a rise in market value. This is another advantage of offering stocks to employees.
There are a few disadvantages as well. If the stock price of a company falls it could lower morale in the company.
A new idea has been floating around the business world for a while now. This new idea is called knock-out options. This is when the stocks being offered to employees have a limit to how much they can grow. When the stock hits this limit, the employee who purchased the stocks must cash out to get their maximum profit. This is a great way to offer employees stocks.
The knock-out plan eradicates the worries of current investors as well. Existing investors know that the employee’s stock options are temporary and their market share will be minimally changed.