Posts in Category: Business World

Change of Leadership at Capital Group after the Death of Rothenberg

According to a news release published on the Capital Group’s website, the board of directors announced the appointment of Timothy Armor as the Chairman of Capital Group. Capital Group is a reputable firm, the home of American Funds and also one of the leaders in investment management firms in the world. Before appointment to this position, Tim was the Chairman of Capital Group’s management committee and also the Capital Research and Management Company.

Appointment to the current position

Tim was appointed to his current position after the passing away of Jim Rothenberg who was the Chairman of the Capital Group. Tim and his colleagues were saddened by the loss of their cherished leader, Jim Rothenberg. Tim was appointed to assume the leadership role of the company and tasked with the responsibility of steering the firm forward. Tim has for the last 32 years demonstrated unmatched leadership skills, which is one of the main reasons the board of directors had so much faith in him.

Timothy Armor together with other senior members of the company’s management committee was tasked with overseeing the firm’s operations, to set, communicate and implement the overall business of the enterprise. After taking over from Rothenberg, Tim is expected to help the company officials to figure out how they will continue to reach out to existing clients as well as expand into new markets and more information click here.

The 57-year-old Tim went to Middlebury College where he graduated with a Bachelor of Arts degree in Economics. The university was founded in the 1800s and is considered to be one of the oldest liberal arts schools in the United States. Timothy began his career officially with Capital Group in 1983 and had spent the last three decades in working for Capital group until in 2015 when he was appointed as the Chairman and resume him.

Tim’s advice to investors

Timothy has been giving advice to investors who are seeking for guidance in their careers. Tim notes that to succeed as an investor, you must find active managers who earn their keep. Tim views the firm’s collaboration with Samsung Asset Management as an important change in Korea since it’s facing demographic challenges in meeting sustainable economic needs of a population that is aging. Tim even compares what Capital Group has done for the United States, for instance, supervising resources through all market cycles. Tim says that this will be a great opportunity for Korean Investors to put their investments in various industries and learn more about Timothy.

More visit: https://www.investing.com/members/201172589

Mike Baur Takes Entrepreneurs on a Journey in Business Building With Swiss Startup Factory

Starting a new business can be a daunting task for anyone that may have never done it before. Mike Baur is well aware of just how daunting this can be, and he wants entrepreneurs to know that there is a way to accelerate the process of successfully starting a business. He has created the Swiss Startup Factory, and this is the type of environment where coaches and mentors come together and help entrepreneurs see the different facets of building a business.

 

Baur is well aware that it will often take consultants in several different areas to help entrepreneurs effectively carry out the business plan that they may have in mind. It can start with coaching that is geared towards marketing, but it can lead to product development or simply brainstorming about the processes for the business.

 

Mike has consultants that have been hand-picked that are ready to help the eager entrepreneur tackle these different elements of business. He has created a plethora of 360 services that fall under the range of pre- accelerator, growth accelerator and digital business strategies. These are the type of things that people need to know about when they are starting a business for the first time. There is also a Wenger and Vieli law accelerator portion of the company where people can acquire free legal advice for their startup businesses.

 

Mike Baur wants to make sure that he has all areas of the business world covered when it comes to starting a business for the first time. Entrepreneurs definitely can benefit from the wide range of experience that is offered by the numerous consultants that come together to form the Swiss Startup Factory. It is always valuable to get advice from people that have already been where you are trying to go. When entrepreneurs the take advice of those that have been countered the challenges that they will face it becomes much easier for the new generation of entrepreneurs to avoid some of these trappings of the business world.

 

Mike and his team have been quite successful in helping entrepreneurs build a better business plan. There are experts in place that can mentor anyone that may be trying to start a business. There are even mentors that are put in place to help people that are trying to pitch their business ideas. This goes hand-in-hand with marketing a new business in Switzerland and anywhere else.

 

 

Whitney Wolfe Brings Relationships To Apps

The age of technology has changed the way people approach almost every aspect of life in the world today. With the technology that has been developed in recent decades, people have access to things that were not possible a few years ago. One of the areas where technology has made a significant change in how people approach their daily life activities is relationships and dating.

Before the popularity of the Internet and technology that developed platforms such as social media and smartphones, people use to meet people in traditional ways such as going out on dates, calling on the phone, and related ways. However, technology changed the idea of relationships and how people meet. Today many people go to social media sites to communicate with friends and family. In addition, a popular way that some people are finding dates and possible relationships is with date apps.

The technology innovation that made the smartphone possible also made it possible to have software apps that use the technology of the smartphone and related devices to bring apps to the market that can provide a wide array of possibilities. Date apps is one of the popular types of dating apps. Concerning date apps, the Bumble date app is the app that is making a huge smash in the date app market.Whitney Wolfe is the entrepreneur behind the Bumble date app. Whitney Wolfe is a veteran of the date app market. The Bumble date app is her second push into the market. Whitney Wolfe brings a different twist to the date app with the Bumble date app. The app provides many of the same features that other date apps provide. However, the Bumble date app provides a user experience that is based on the preferences of women and the initiations for meetings between people are made by women.

 

 

Entrepreneur and Financier- Eduardo Melzer

His background makes him among the most entrepreneur men in the world. Eduardo Sirotsky comes from an entrepreneurial family one that has been engaging in business since his ancestors. Eduardo did not take another line in his career instead he chooses to follow the footsteps of his ancestors. He is the founder of RBS Group. Ever since he began his career, he has built his reputation and has become one of the most prominent figures in the business world. Mr. Eduardo Sirotsky Melzer is the President and the Chairman of RBS Group. He also a founder of several other businesses which have been successful in the market including e. Bricks Digital which is an RBS Company which has been dealing with the development of business in the digital industry and has been having its operations in the United States and Brazil.

Eduardo is well known as Duda among his business counterparts and friends. He started engaging in serious business after his graduation from the University at the age of 26 years. He is a graduate from Pontifical Catholic University of Rio Grande don Sul. His quest for education did not stop after his first degree; he continued his studies to gain skills to run his businesses. Duda Melzer is also a graduate OF Harvard Business School and has Masters of Business Administration (MBA) and read full article.

Mr. Eduardo began his career working as a Senior Financial Analyst at Delphi Corporation in Northern America, Director General of Box Top Media which is an American Company, and also Family Communication Network in the United States. Melzer has been recognized due to his leadership skills as well as a vast knowledge in the business world. Recently the prominent entrepreneur was among the panel which was appointed to select the list of leaders of the Cambridge Institute for the Family Enterprise. The Cambridge Institute for Family Enterprise is an event that recognizes future business people and who are making a difference in the world. Eduardo continues to make the difference in the business community and Melzer of Twitter.

More visit: http://eduardosirotskymelzer.com/

A Lesson in Hands-On Philanthropy, Dick DeVos

To me, Dick DeVos was simply the President of the Windquest Group and husband of Betsy DeVos, little did I know that he is also a man with a long-standing executive career and active philanthropist. He began his career at his father’s company, Amway, in 1974 but left in 1991 to serve as President and CEO of Orlando Magic. He then returned to Amway in 1993 to follow in his father’s footsteps as President of the company until 2002. DeVos left to launch and serve as President of the Windquest group and step out of Richard Sr.’s shadow. However, he has kept with family tradition when it comes to charitable donations, making them great in number and great in impact.

 

Dick DeVos has placed a heavy focus on education, with 26% of his charitable donations in 2015 going towards education and yet another 3% to organizations that support education reform as he does. DeVos has made it his ambition to aide in making a quality education something every student has access to, instead of something dependent on the zip code. He and his family take much care in checking the quality of the schools to which they donate to encourage and uphold this high education standard. One way in particular that they have done so is by launching an aviation-themed charter school, the West Michigan Aviation Academy, in 2010. The school provides education on STEM, aeronautical engineering, and aviation robotics to provide the students with a specific and highly employable skillset. Of the students, a third are economically disadvantaged and 40% are classified as minorities, and all are chartered to the school from the 7 surrounding counties. The academy has a graduation rate of an impressive 86% yet DeVos is more impressed by the profoundly positive impact it has on the students’ lives and by reaching the standards of the parents.

 

Almost equal in importance to Dick DeVos are his contributions to arts and culture. 21% of his charitable donations were in support of arts and culture in 2015. Twenty-two million was given for the express purpose of creating the DeVos Institute of Arts Management for the University of Maryland. He sought to improve the standing of the importance arts management in the arts community, believing that the business aspect is prominent in the success of the global art community. He and Betsy also secured the recruitment of a top physician and researcher in childhood cancer with their donation to the Spectrum Health Foundation. This led to a substantial increase in the survival rate of the children treated at the Helen DeVos Children Hospital for their brain cancer. Dick DeVos and his family not only provide monetary gifts but often play an active role in how those gifts are used in order to make them have a greater purpose.

 

George Soros Takes Speculation Tactics To The Market of Gold

George Soros has finally decided to join Druckenmiller in betting for the Gold. Druckenmiller was the first to bet on the gold and recently, George Soros appears to have entered the tune. Druckenmiller is a billionaire and former hedge fund manager who recently revealed that gold was his family’s office largest currency allocation. In a similar move, George has joined him by purchasing a $264 million stake in Barrick Gold, which is the world largest gold producer. George Soros strategy also involved reducing the holding in stacks through his company Soros Fund Management by 37% equivalent to $3.6 billion in U.S. -listed stocks. Soros also disclosed owning gold ETF.

George Soros move is widely inspired by the uncertainty in the market following his recent prediction about a global economic slowdown. The slowdown according to George Soros will be caused by the rising level of debt in China which will eventually reach levels where there will be too much default followed by catastrophic events of the economic crisis. Soros has also urged investors to avoid China as an investment partner saying that Chinese authorities are focusing more on the country’s growth instead of containing the level of debt.

George Soros has event compared the current rising level of debt in China to the events before the 2007/2008 financial crisis in the U.S. According to Soros on https://twitter.com/georgesoros; the U.S. financial market was characterized by rising house and real estate prices and a significant number of investors funding real-estate using leverage. Whatever is happening in China at the moment, is a significant number of investors using debt to invest and the real estate market is selling at inflated prices that only signifies a bubble in the making.

George Soros is well known for making an enormous amount of wealth through market speculation. The most notable prediction was in 1992 which made him earn the title “the man who broke the Bank of England”. During that day, commonly referred to as the “Black Wednesday”, George Soros risked $10 billion on a single currency speculation against the British Pound, which he was betting that the currency will be devalued. Later, his prediction turned out to be right and on that single day, he made $10 billion.

Soros was born in Hungary in 1930 and then fled to England in 1947 where he graduated from the London School of Economics in 1952. He later obtained an entry level job with an investment bank in London and then flew to the U.S. to work various positions as an analyst and investment management positions. George Soros founded his company in 1973 and referred the hedge fund company Soros Fund Management, which later evolved to be Quantum Fund.
Read full article on http://www.bloomberg.com/news/articles/2016-05-16/billionaire-soros-cuts-u-s-stocks-by-37-buys-gold-producer

How Big Is The Athleisure Market?

The athleisure market is getting bigger every day, and it is coming to a head because now everyone wants to be in the athleisure market. There are so many designers and so many clothes that people can hardly keep up, but Fabletics is still at the head of the class. There was an article talking about how big the market was going to get, and it shows that athleisure is going to keep growing because not all the gaps have been filled in yet.

Wikipedia revealed that Athleisure sort of started when Kate Hudson started Fabletics, and it is continuing because everyone wants to get in on the act. There is a segment of the market for people who want to wear something simple, and there is a segment for people who want to put together some more complicated pieces. It just depends on what people want to do. There is a woman walking down the street who could have a totally put together look, and there is another that will have a gym outfit with a nice top or a hat.

The market is expanding as more people decide to spend their money on athleisure, and it is going to be taken over by all the people who think they can get their line in there. There are a lot of people with big ideas, but they are all getting in line behind following them on Pinterest. You can read more about it at JustFab.

That is the first line that got women to the gym easily, and it is the only one that was supposed to be completely simple. She made clothes that anyone would look good in, and it can be mixed and matched at the gym.

There are new clothes in athleisure that are going to look great because they are so simple, and they can be paired with workout clothes so they look easy. They will go to the gym, and then they will leave the gym to run some errands. Women can look amazing because they are in simple clothes that hug their bodies and make them feel feminine at the gym or out of the gym.

George Soros Says Refugee Crisis In Greece Could Get Worse

In a recent issue of NYC Daily, billionaire entrepreneur George Soros lays out his own plan on http://www.biography.com/people/george-soros-20926527 for how he would respond to the refugee crisis in Europe. As it stands today, thousands of refugees are living in a makeshift camp at the Greek-Macedonia border. George Soros is critical of the EU-Turkey negotiations pointing out the flaws that are making the crisis even more difficult to bear.

George Soros points out that the negotiations are not European, as it was created by Turkey and imposed by German Chancellor Angela Merkel. Other problems include the policy is vastly underfunded, it imposes quotas requiring some refugees to live in places the don’t want and it forces refugees to stay in what is akin to a concentration camp with limited facilities.

George Soros says that although the deficiencies can be corrected, not everyone is on the same page. The European Commission has stated publicly that there should be an open debate to clarify matters and offer varying opinions on the matter. Soros believes that if something isn’t done quickly, a catastrophe could very well be in the making. A comprehensive plan will require at least $34 billion. Without action, the collapse of the Schengen international border system on http://www.marketwatch.com/story/george-soros-heres-my-plan-to-solve-the-asylum-chaos-2015-09-29 is a real threat.

George Soros is a billionaire entrepreneur and business magnate with an estimated worth of $25 billion. George Soros grew up in Nazi-occupied Hungary and survived the Battle of Budapest.

After moving to New York in 1956, he found employment at F.M. Meyer and Worthheim & Company. At the latter, he was able to save $500,000 of his own money. After a stint at Arnhold & Bleichroeder, Soros went into the hedge fund business for himself. He founded Soros Fund Management in 1970. By the 1980s, he had become one of the largest hedge fund corporations in the world.

Steven P. Murray: Remembered Fondly By CCMP Capital

Stephen Murray CCMP Capital, or Steve as friends and relatives knew him, was a successful investor with a heart for philanthropy. Born in the 1960s, Murray went off to Boston College in 1984 to get a degree in economics for his bachelors. Murray then moved to Columbia Business School to get his masters in business administration. It was during his time in school that Murray also joined the credit analyst training program at Manufacturers Hanover Corporation. When he graduated with his masters, Murray moved to the financial unit of Manufacturers Hanover and stayed with the company for the duration of his career.

Murray was dedicated to education and helping those who were in their final days. He was avidly involved with the Make-A-Wish Foundation in Metro New York and he served on the board of both Boston College and Columbia business school. He was also a donor to the Stamford Museum and the Lower Fairfield County Food Bank.

CCMP is what Manufacturers Hanover Corporation eventually merged into and it is a global private equity firm was was run by Steven Murray until his passing. The firm works in chemicals and energy, health care, industrial and consumer and retail. Within consumer and retail, Stephen Murray CCMP Capital works with Volotea, Aramark, The Nowaco Group. Cabela’s, Shoes For Crews, Crosstown Traders and Quizno’s Sub, among others. Within the industrial sector, CCMP works with The Hillman Group, Brand Energy and Infrastructure Services, SITECO, Chromalox, SafetyKleen Europe and the Edwards Group. Within the chemicals and energy sector, CCMP has partnered with Vetco International, Bill Barrett Corporation, PQ Corporation, Chaparral Energy, Noble Environment Power and Eco Services. Within the Heath care sector, the firm works with Warner Chilcott, CareMore Medical Enterprises, National Surgical Care, LHP Hospital Group and MedQuest Associates.

CCMP has been mentioned in the NY Post news on a fairly regular basis. When the firm named Robert Toth as its new Managing Director, they made headlines. They were mentioned when they acquired Shoes For Crews. The equity firm was also mentioned when Stuart Jenkins was named Chief Innovation Officer, Chief Executive Officer and President of Shoes For Crews.

One of the aspects of CCMP that Steven Murray played a big role in was making sure that management was brought in from every company that they worked with. The changes and improvements that CCMP wanted to make to companies to make them more profitable, all needed to be agreed upon by the company’s management.