Category Archives: Business

Louis Chenevert Charting the Course for UTC’s Current Success

Gregory Hayes, Chairman and CEO of United Technologies Corporation, recently reflected back on what has led to the company’s continued success in the building and aerospace sectors. Building on the legacy of former CEO Louis Chenevert, the company continues to focus on innovation and on investment in its people.

Chenevert, who came up through prominent roles at General Motors and at Pratt & Whitney, stepped into the CEO role in 2006. He led the company through the 2008 recession, creating the textbook case of a manufacturing company that could succeed and thrive despite an overall downturn in the sector.

Under the Quebec native’s leadership, UTC generated twice the average Dow Jones Industrial and S&P 500 shareholder return from 2003 to 2013. By the time he stepped down as CEO in 2016, UTC had solidified its reputation for excellence and innovation.

In the CEO role, Chenevert focused the importance of innovation to stay ahead of the competition. Under Hayes’ leadership, the company continues to drive forward with new products, such as the Pratt & Whitney Geared Turbofan (GTF) engine. UTC’s $10 billion investment in this project has paid off with more than a dozen airlines adopting the new technology. Pratt & Whitney’s innovations alone support manufacturing jobs in six states and have supply and service chains that stretch even further. Almost $40 billion has been directed to U.S.-based suppliers, who provide the majority of the new engine’s parts.

Investment in human capital has been a focus for both CEOs. Chenevert sustained the highly popular Employee Scholar Program, which supports employees who want to continue their education. Employees have earned nearly 40,000 degrees through this program in the last 20 years, bringing new ideas, energy, and innovation to UTC.

Investing in new talent is a priority for UTC, with plans to bring onboard more than 20,000 new employees in the U.S. And as a global business, UTC keeps an eye out for smart investments and partnership abroad. Following Chenevert’s lead, though, the business keeps its focus at home as it works to encourage a healthy domestic business and regulatory environment that will ensure UTC’s success in the future.

Watch Chenevert speak here:

The Life and Times of Eric Pulier

Eric Pulier, a programming wizard who got his start at the tender age of nine, is an American entrepreneur, philanthropist, and author living in Los Angeles, California with his four children. He is a Class of 1988, magna cum laude graduate of Harvard University, where he was the editor of The Crimson Tide, Harvard’s student-run paper. During his time at Harvard, he also took classes at neighboring MIT. His major was American literature and English.

Best known for his philanthropy and venture capital investments, Mr. Puller has founded, or funded, ventures such as US Interactive, Akana, ServiceMesh, and Digital Evolution. He also sits on the board of the Painted Turtle, which is a summer camp for terminal and chronically-ill children. These children are also aided by a service that Mr. Puller pioneered, Starbright World, which is a private social network for chronically-ill children where they can share their experience with other children such as themselves through chats and blog posts.

During Bill Clinton and Al Gore’s 2nd Inauguration, Eric Pulier arranged a then unprecedented showcase which was a live feed from the Space Shuttle, which included real-time interactions with the astronauts aboard. Mr. Puller worked on several other projects with Mr. Gore involving health care and technology.

Mr. Puller’s most recent philanthropy efforts are focused on the “Campaign for Free College Tuition” and the XPRIZE foundation, which focuses on “radical breakthroughs for the benefit of humanity” and had board members such as Elon Musk and James Cameron. A notable XPRIZE award was the Ansari X Prize in 2004, which focused on spacecraft development.

Pulier’s most recent publications include Understanding Enterprise SOA from Manning Publications and articles in Forbes magazine.

Additional Links:

http://hackronym.com/the-impressive-track-record-of-eric-pulier-venture-capitalist-and-philanthropist/

http://www.bloomberg.com/research/stocks/private/person.asp?personId=235882&privcapId=104763179

DIVERSANT Ardent on Offering Much Needed IT Staffing Solutions to Clients

DIVERSANT is a Minority Owned Business Enterprise (MBE) that is fully certified in the U.S. The firm prides itself in being one of the largest IT staffing firms in the country that is owned by African Americans. It offers scalable IT staffing solutions and diversity products that include IT staff augmentation, innovative diversity solutions and direct hire options.

Why the Firm is Unique

The products and services offered by DIVERSANT are founded on original, best in class and transformative ideas. This enables them to meet the needs and wants of clients, their associates plus communities they serve. The firm uses consultation to engage clients as serious business partners. This helps them to solve critical issues instead of simply acting as a commodity supplier.

Engaging clients like true business partners leads to better opportunities for partners as well as consultants. DIVERSANT believes in creating unique and innovative products designed to solve its clients’ critical issues. It operates using a set of guided principles that ensure excellent service delivery to partners, consultants and customers. With highly educated and experienced professionals; the firm leverages this expertise, wealth and experience to offer top-notch products.

John Goullet

John Goullet is the principal of DIVERSANT. He is an accomplished entrepreneur who has managed a number of successful IT-related ventures. He started off his career working as a consultant in the IT sector. However, in 1994, he switched to IT staffing and has specialized in the field ever since. Goullet studied emerging markets and identified market niches that he could exploit. This led him to start his own venture called Info Technologies. The firm offered staffing services and focused on serving Fortune 500 companies across the nation.

In a period of 5 years, Info Technologies grew its net worth to $30 million. Due to his accelerated growth, Inc. Magazine ranked the firm number 8 on its list of the top 500 fastest growing firms in America. In 2010, Goullet and Gene Waddy merged their companies together to form DIVERSANT LLC. As the firm’s principal, John Goullet has continued to develop new ways of solving the challenges that face the dynamic IT marketplace.

Additional Links:

http://bitsylink.com/2016/04/28/how-john-goullet-improves-it-services-through-diversant-llc/

https://www.facebook.com/john.goullet

Keith and Keely Mann Institute a Scholarship to Award Students who Exude Business Innovation Qualities

Keith Mann is widely known as a huge supporter of education. He spends his professional career time matching up individuals who portray a potential in business leadership with companies in need of such qualities. In a bid to inspire an upcoming generation of creative business executives, he and his wife, Keely, were reported by the BusinessWire to have come up with a scholarship to acknowledge leadership qualities. The award is dubbed as the Keith and Keely Mann Scholarship for Professional Achievement.

The Uncommon Schools, which are non-profit schools under charter management, became the official beneficiary for the award. Consequently, the award targets a single graduate from of the numerous Brooklyn-based character high schools.

Keith Mann proclaimed that he initiated the scholarship in an effort to promote the continuous effort by the Uncommon Schools to provide education to students from low-income families. Uncommon Schools not only prepare their students to go to college but also to graduate and proceed into their desired professional career. The School through its counselor, Joe Frick, expressed gratitude for the generous initiative since it would allow a single student access college education for four years.

The 2016 graduating seniors from the Uncommon Schools were encouraged to apply for the scholarship by writing an essay comprising of a thousand words. The essay was required to give a detailed overview of how attaining a degree would influence the achievement of professional objectives.

The first eligible candidate for the generous scholarship was expected to be awarded the $5000 award before April 2016.The money would be utilized in paying the tuition fee for the winner.

Keith Mann is a professional in the executive search business. Companies or firms highly sought for his services in identifying individuals who possess the potential of becoming business executives in future after proper nurturing. He is the Chief Executive Officer of Dynamics Search Partners. Before rising to this position, he established the Alternative Investment Practice as a subsidiary of the Dynamic Executive Search. This was after noting that the hedge fund sector was underserved by the executive search business. Upon venturing into the hedge fund industry, he established the Dynamic Search Partners in 2009.

The information can be obtained from http://www.businesswire.com/news/home/20160125006525/en/Keith-Mann-Announces-2016-Scholarship-Professional-Achievement

Highland Capital Lowers Ownership Stake in AthenaHealth Stock

Dallas based investment firm Highland Capital Management recently lowered its holdings and ownership stake in the AthenaHealth stock. The decrease is ownership of this stock has been quite big as Highland Capital Management lowered its share holdings by over 83% according to the SEC. Highland Capital Management also sold over 78,000 of its shares in the stock since the value of it declined by 12%. With this sharp decrease in value, Highland Capital decided that it would be in their best interest to get rid of a majority of its shares in the company to limit their losses. The firm owned 95,000 shares of AthenaHealth but sold off almost 80,000 of its shares in order to preserve a portion of its assets.

Highland Capital Management held a number of shares in AthenaHealth due to it being a market leader in its respective industry. However the stock market has seen a recent surge while the company has seen its stock value sharply decline. As a result Highland Capital Management decided to decrease its holdings in order to avoid substantial losses in its portfolio. While Highland Capital Management has decreased its holdings in AthenaHealth, it has invested in other companies to keep its portfolio profitable.

James Dondero is the President of Highland Capital Management and has also founded the firm as well. He started this firm back in the year 1993. The firm specializes in hedge funds, advisory, investment management and also hedge funds. James first founded a company that specialized in insurance but then decided to expand the firm to other services in order to better meet market demand. By the early 1990’s James built and established a versatile investment firm which met the needs of a number of clients worldwide.

James got his education by studying accounting and finance at the University of Virginia. He would get a bachelors degree in these fields and then began his career. He started out as a trainee and credit investor in the 1980’s. Dondero would then advance his career and hold the position of chief investment officer. After reaching this career position he would then start up Highland Capital Management. Once he founded his firm he would establish it as one of the leading hedge fund and credit management firms in the United States and the rest of the world. When not participating in his firm, James contributes to a number of philanthropic causes such as veteran’s affairs, public policy and education.

Additional Links:

http://www.insidermonkey.com/hedge-fund/highland+capital+management/173/

https://about.me/james.dondero

James Dondero – His Company And Achievements

 

Michael Zomber: The Antique Heart

Michael Zomber was born in 1949 in Washington, D.C. His childhood was spent in New Jersey and in Pennsylvania. He accelerated in academics, graduating with college honors in 1972. His determination and hard work paid off, as he earned two degrees. A B.A. in English Literature and a B.S. in Psychology. He also holds a master degree in English Literature from U.C.L.A. He is married with two children and is currently living on the outskirts of Philadelphia.

Michael Zomber is best known for his love of collecting antique guns, his storytelling capabilities, and his knowledge of Japanese Samurai swords. He is a pillar of Antique Arms, holding over 30 years of experience and a well deserved reputation of his knowledge. He has been accredited for many fascinating experiences dealing with guns and Samurai swords. However, possibly one of his most well-known accomplishments would be a featured series on the History Channel. He has been featured as an Historian on the series entitled, Tales of the Gun. The series includes, Guns of the Famous, Guns of the Orient, Dueling Pistols, Shotguns, Automatic Pistols, and Million Dollar Guns.

His love for guns and Samurai swords is truly intriguing, but his true heart lives in storytelling and writing. He has written at least a dozen screenplays and a number of historical novels. Michael Zomber, completed a documentary film entitled, Soul of the Samurai. This particular film, was produced with the help, guidance, and instruction of his wife, by their company, Renascent Films LLC.

Olympic Valley & Lake Tahoe witness great improvements on behalf of Andy Wirth

After a near life-ending skydiving accident; Andy Wirth, President and CEO of Squaw Valley Ski Holdings, continues to give back to his community through multiple platforms. In 2013 Mr. Wirth suffered severe injury to his arm while descending to the ground from a skydiving event.

After months of being hospitalized, Andy Wirth slowly began the healing process and shortly after, met a group of Navy Seals conducting winter mountain training in his hometown area. Learn more about Andy Wirth: https://about.me/andywirth

This led to the creation of an Ironman team entitled “Special Warfare Warrior Support”. Andy and his team participated in the 2014 IRONMAN 70.3 Lake Tahoe event, raising nearly 40,000 dollars for the Navy Seal Foundation. The Navy Seal Foundation supports military special-operations members and assists them and their families upon returning home from a deployment. Learn more about Andy Wirth: http://squawalpine.com/explore/blog/andy-wirth-elected-chairman-reno-tahoe-regional-air-service-corporation

Andy Wirth’s community outreach doesn’t end with the IRONMAN event- Mr. Wirth was appointed by the Reno-Sparks Convention and Visitors Authority to act as Chair of the 9 person board. Andy Wirth was chosen not only due to his deep generosity, but also due to his extensive knowledge of international resort management and dealings with various airline corporations. Read more: Andy Wirth – Squaw Valley CEO and Philanthropist

While serving as Chair of the RSCVA, Wirth worked to enhance travel and improve the gateway airport used to connect the Reno-Sparks and Lake Tahoe areas. Andy Wirth’s dedication to community excellence, fitness, and winter sports continues as the President and CEO of Squaw Valley Ski Holdings and Alpine Meadows Ski Resort.

Andy Wirth was recently featured on an episode of CBS’s “Undercover Boss” where he can be seen providing helpful hints to those hitting “the slopes” for the first time.

Click this link to read more: Interview with Squaw Valley CEO Andy Wirth | Tahoetopia

An article about Shaygan Kheradpir

 

Education
Thousands of years ago, the concept of institutionalized education that met government standards would have been unthinkable. The supermajority of the population could not even read. People just tried to find ways to make money and feed their families. But as humanity has advanced, education has advanced as well. It is for this reason that education is sponsored by the government. A society of educated people will be superior to a society of uneducated people. Shaygan Kheradpir serves as the exemplar of the educated man. He has spent his life pursuing degrees. Today, he holds a Doctorate in Electrical Engineering from the Cornell University.

Coriant
Today, Shaygan Kheradpir is the CEO of the company known as Coriant. Coriant provides network solutions to the business world. They are the leading comparable company in over one hundred nations worldwide. With over 500 customers across six continents, Coriant is widely known for their innovative and profitable services. Further, many of their customers happily report that they are able to help with what was previously unmanageable traffic. Clients choose to engage in business with Coriant because their services can seriously mitigate the cost of business, hence essentially paying for the service that they provide. Companies who work with Coriant will actually profit from hiring them.

Customer-Oriented
As you can probably discern from reading a description of the company Coriant, Shaygan Kheradpir is concerned for the satisfaction of his customers. That is not very common among CEOs. Many CEOs do not want to hear what their customers have to say, particularly if they are offering a negative review. But it is necessary to listen to those who have negative reviews. They have legitimate problems to which other customers may also be encumbered by. It is for this reason that Shaygan Kheradpir has always made an effort to provide high quality customer service.

Men such as Shaygan Kheradpir are those who build society. His company Coriant has helped to boost the economy of companies everywhere by allowing them to turn a greater profit. Further, the profit of his own company contributes to the economy.

To learn more, visit www.shaygankheradpir.com.

 

Darius Fisher, The Storm Tracker of Negative Digital Hurricanes

There is a crisis brewing on the horizon, and the name though synonyms with destruction is called unregulated internet. The media hurricane started to gather strength as more people found they could create unsubstantiated libel, and publish it on the internet without repercussion. In addition, media articles caught out of context may be grossly enlarged and planted on the web for the sole purpose of destroying someone’s reputation. The storm, the biggest of its kind covers the whole globe. The media libel is not only text, but photos and images.

Keep in mind that one singularity, as an example, a split-second embarrassing mishap could be captured by an anonymous onlooker’s cell phones, downloaded to the internet, and published on the worldwide web creating a viral media sensation and completely annihilation one’s livelihood. The sheer magnitude of repeat publications all over the internet is staggering. An article could be picked-up by bloggers, e-magazines, and online news agencies and republished many times over. One could be notoriously infamous in a blink of an eye. Loss of job, loss of anonymity, being the butt of jokes, could cause and “does” cause such emotional turmoil that some have committed suicide. Let it be emphasized that human resource managers do access the internet and social media. As routine HR business policy, internet background checks are done with or without directly disclosing the policy to potential job candidates.

As a result, one person has made it his vocation to address these larger than life issues of defamation, vilification, and malicious gossip. Darius Fisher, president and cofounder of Status Labs is the man that has become the storm weather tracker of negative digital hurricanes. He is a reputation readjustment manager and a digital emergency repair kit for aftermath of the storm.

According to PRWeek, Darius Fisher has amassed over a thousand clients all over the globe. He helps public officials, as well as business tycoons. He is now speaking out and says digital media needs supervision because of it hyper volatility. He also provides data management tools to hunker down before the storms, survival techniques during the storm, and aftermath clean-up.

More information for Darius Fisher:

http://www.bizjournals.com/search?q=Darius+Fisher

Secrets of Success: Darius Fisher

The Stock Market of 2016

Overview

The stock market is one of the most common ways for people to save for retirement. Over the long term, the stock market generally provides a solid return for people who are willing to think about their finances many years down the road. However, there are a lot of people who have lost money in the stock market this year. James Dondero is a person who has a lot of experience in the stock market as far as investing goes. He has been able to help a lot of people with their retirement through the years. To start off the year, the stock market has not been doing well at all. Anyone looking for high returns is going to have trouble doing so. Here are some things to remember about the stock market in 2016.

Rate of Return

The rate of return is the most important metric in the stock market. Over the long term, investors hope to have a high rate of return. This will affect how much money they build up over time. If you are someone who is interested in investing, there are a lot of different ways that you can do so in the market today. Always work on trying to increase your rate of return. There are many people who are not able to do so because of the direction of the market. James Dondero, CEO of Highland Capital Management, is a great resource of information for anyone who is looking to learn more about the market overall. Not only does he have a lot of experience in the market, but he has been there for many people as they try to increase their rate of return. You can see Jim and his team ring the NYSE Closing Bell below.

Oil Prices

One of the biggest reasons that the current stock market is in decline is the price of oil. Although there has been a recent bounce in the price of oil, there are a lot of people who doubt how long it will last. There are many people who are interested in buying up oil companies. Although this sounds like a good idea, there is going to be a lot of short term volatility for people who are willing to get through it. Always think long term when it comes to investing in stocks. There are a lot of people who have been able to increase their overall investing returns by buying companies when the market is down.

This article recapped http://www.cnbc.com/2016/01/22/us-markets.html