Wes Edens is widely known for his ownership of the Bucks basketball team. He is also an accomplished businessman and a private investor. In the year 2014, he partnered with Lasry to purchase the Bucks from Herb Kohl at $550 million. Today, the team has appreciated to $1 billion. In 1984, he attained his Bachelors in Finance and Business Administration from Oregon State University. After graduation, he kicked off his career at a California bank before moving to Lehman Brothers as a partner and a managing director.In the year 1993, he joined BlackRock’s private equity division and served as an associate and an MD till 1997. In 1998, he realized his major breakthrough when he partnered with Michael Edward, Randal Nardone, Peter Briger and Robert Kauffman to launch Fortress Investment Group.
In 2009, he became the Co-Chairman of the Board of Directors of the firm.He was also tasked to run Fortress’s private equity business by virtue of his extensive knowledge and expertise. Wes Edens was the reason behind Fortress’s purchase of subprime lender Springleaf Financial Services.This made Fortress the Springleaf’s majority stakeholder and by 2015, the value of Springleaf had exponentially risen to over $3.5 billion. In the year 2006, Fortress Investment Group purchased Nationstar Mortgage formerly called Centex Home Equity Company at $575 million.It is a subprime home equity mortgage lender. Wes Edens was appointed the chairman of the group to oversee its operations. His annual earnings according to Bizjournals stands at a skyrocketing $54.4 million.
This includes his annual compensation from Fortress Investment group of about $13.4 million and $41 million in dividends he receives as a shareholder.He earns almost $1.1 million in stock awards, an $11.6 million in bonuses, $478400 in other compensations and a salary of $200,000. In January 2018, he confirmed that he would sell his main business Fortress Investment Group to the Japanese side Softbank Group Corporation at a cost of $3.3 billion in cash.The company would, however, retain its headquarters in New York. Wes Edens would also secure his position together with Randal Nardone in a five-year contract. He is married to Lynn Edens and together they have 4 children. He is also renowned for his philanthropic work, he majorly donates to education, health, and art organizations. Apart from business, he is also interested in horse riding and mountain climbing. He has climbed Mt. Kilimanjaro in Tanzania.
Susan McGalla, businesswoman, has proven to herself and the world that women can do anything men can do. Growing up, she had two brothers and a father that was a football coach. Her perseverance started at an early age because of this. McGalla has held multiple executive positions and even founded a company called P3 Executive Consulting. Currently, she is Vice President of a company in charge of encouraging fans to buy Pittsburgh Steelers gear. She has earned a high ranked position in the company that offered the opportunity to her.
As a whole, men tend to fill the executive roles at companies due to the glass ceiling problem. Women need to be supportive of other women in the business field in order to overcome this obstacle. Statistics have shown that businesses with gender diversity outperform other companies by 15% because it is believed they consider new ideas.
A solution to the gender discrimination in organizations is to create a sponsor as an advocate for women. The sponsor would support women while they are making executive decisions and recommend women for leadership roles. Opportunities like this allow women to prove themselves and move up in companies like Susan McGalla. Incentives would be given to sponsors in order to motivate them to invest in women in leadership roles.
Find out more about Susan McGalla: http://www.bizjournals.com/pittsburgh/news/2015/09/08/want-to-dress-like-a-steeler.html
Vijay Eswaran is a prominent and a successful entrepreneur. Mostly he is known for his philanthropic works and motivational speaker. However, Vijay is the chairman and the founder of the QI Group Company that is a multi-business. The QI group has been doing well in the business industry and achieved a lot led by Eswaran. The background of Vijay Eswaran shows that he started from scratch to rise to the level he is now of among the wealthiest entrepreneurs in the world.
According to Vijay is that for one to succeed in life has to embrace the challenges since they are strengths to achieving goals. The journey towards his success faced a lot of hiccups that were stepping stone to him to meet the success he has now. The philosophy that he had stated that if you don’t experience any trial knows that you are stagnant.
Every business person that is in the business wants to generate maximum profit. However, this is quite difficult to attain when the market conditions are not pleasing. In order to excel during harsh times requires one to have strategies and techniques to implement. Vijay Eswaran had the best methods to use to scale up to prominence during the uncertain economic times.
The books and articles that are written and published by Vijay show that he had a significant passion and self-motivation to achieve his goals. It is imperative to ensure there is a well-stipulated plan that will act as guidance to meeting the set goals. With the appropriate plan, it will be simple to achieve all the business and other plans towards success.
Moreover, Vijay Eswaran indicates that fear motivates a person to become successful easily. From the articles written by Eswaran such as 3 Ways Fear Drives Success elaborate in detail how fear can assist in overcoming challenges. The philosophy that Vijay has makes him be the servant leader in his leadership. He offers lots of motivation to other staff members and assuring them that they will achieve their goals.
As a motivational speaker and writer, he has numerous articles and books focusing on daily living philosophy. More so, he details his leadership skills and personal development as a motivational to readers. For this reason, he has become a role model to entrepreneurs that are passionate in business. Besides, he offers tips that one should possess so that can succeed in all endeavors.
The corporate world is not for the people who are faint hearted. The few individuals who have been fortunate to establish themselves in the complicated market are those that understand how to work hard and at the same time be extremely patient with the investment they have made. The American market, for instance, is very competitive at the moment. The country has been experiencing a lot of financial growth over the years, and investors from all over the world have decided that they will invest their wealth in the country. This means that it is quite difficult for a professional who is not well prepared to start an investment and make it successful in this country. Some of the wealthiest and most respected personalities in the globe are based in America. One of these few personalities goes by the name Randal Nardone.
Randal Nardone is a name that has been making a lot of appearances, especially in the American corporate world. Nardone has taken the finance department in the globe with a storm because of his great influence. Although Nardone has business interests in various departments in many parts of the country, he is respected because of his numerous contributions in the founding of a large company that is known as Fortress Investment Group LCC. Nardone has acquired a lot of popularity over the recent times because of the great role he has been taking in the financial services company. His story in this global company shows that the businessman is hard working and very dedicated in all the activities he undertakes and more
Randal Nardone holds the prestigious position of principal and chief executive officer at the international financial services company named Fortress Investment Group. Randal assisted in starting the company in the year 1998, and he has been given the role of CEO because of the commitment he had shown the other co-founders when the company was starting. Randal Nardone has been taking his numerous roles in the company with a lot of seriousness, and this explains why he has gained the respect of the stakeholders in the company.
Getting appointed to serve as the chief executive officer of a global firm is not an easy task that is given to anyone. Nardone was fortunate to land the prestigious position because of his academic qualifications and the kind of expertise he has been getting in the market over the years. Randal Nardone knows the market so well, and he always takes time to ensure that he makes the perfect decision that will only make the company profitable.