Category Archives: Businessman

Vinod Gupta And The Importance Of Female Education

Education unlocks doors and is a ticket out of poverty but in many places, it is harder for women to get an adequate education. Businessman Vinod Gupta is from a small village in rural India and he knows about the struggles women face in education.

Vinod Gupta has slowly raised himself up, rung by rung, by founding small companies and working hard to grow them to have a loyal and profitable customer base. He founded a database company called American Business Information all the way back in 1972 and worked hard to get new clients. 20 years later when Vinod Gupta announced he was stepping down from his role as Chief Executive, American Business Information was worth half a billion dollar. Now, Gupta is the Managing General Partner for a company called Everest Group. This company provides venture capital investments and consultation to failing businesses to help them reach their full potential.

However, Gupta wasn’t satisfied with just raising his companies net worth. He used his money to help fund women’s education to impoverished countries like his native India. His philanthropic efforts have included building new schools in poverty stricken communities and providing essentials like school supplies and busses. He has been especially generous to his hometown of Rampur Maniharan, as he donated a whooping one million dollars towards the development of a women’s polytechnic school for the town. The school opened in 2000 and underprivileged women were already earning degrees in less than two years.

Through Vinod Gupta’s efforts, the women of India are one step closer to achieving gender equality.

More on Vinod Gupta:

Vin Gupta Featured in Forbes Magazine

https://www.bloomberg.com/research/stocks/private/person.asp?personId=193383&privcapId=145449191

Susan McGalla an Example of Females Moving Up

The advancement of women in the work place is a current hot topic of discussion. Some argue that the number of men who hold executive positions far outweigh the number of women; others argue that there are plenty of women who hold top positions within companies; and, stoll, others argue that women have the same opportunities to obtain those positions as men, they just have to put in the work. No matter the argument, one thing is sure, Susan McGalla proves all sides of the argument.

McGalla started working at American Eagle Outfitters in 1994, when it was a retail brand that appealed to teen males. While she constantly felt judged for her ideas, she worked hard, did what was asked of her, and made sure she showed up early to meetings. The dedication paid off as she was named Chief Merchandising Officer and President of American Eagle Outfitters. Since her time at American Eagle, she served as CEO at Wet Seal and in 2013 she created her business P3 Executive Consulting.

McGalla grew up in a family with two brothers and her father was a football coach. She was constantly surrounded by boys and attending their activities, or so it seemed. Nonetheless, she credits part of her success to the values she learned growing up. Her parents taught her to have confidence in all aspects of life. Not only that, but because of her upbringing she is able to carry on conversations about sports with the men in the industry, as well as the women about activities that are considered female in nature.

Find out more about Susan McGalla: http://www.prnewswire.com/news-releases/susan-mcgalla-on-being-both-a-woman-and-a-leader-300016893.html

Market America Continues To Prove Critics Wrong

Market America is a multi-level marketing initiative established in 1992 by both Loren Ridinger and JR Ridinger with the latter being the CEO and President. While Market America has a presence in virtually every part of the world, its head-office is in Greensboro, North Carolina, United States.

As at 2016, its revenue was estimated to be $791.1 million and its total assets were estimated to be worth $146.1 million. As at 2016, its number of employees had risen to more than 800. The site offers products like weight management products, water purifiers, custom websites, dietary supplements, cosmetics, auto care, jewelry, personal care products, and household cleaning items.

What makes the company different is that it offers the products through several affiliated companies. It acquired shop.com, its retail store web domain from Bill Gates, the founder of Microsoft. In 2002, the company expanded its operations to Australia and it later expanded to Taiwan in 2005.

It later expanded to Hong Kong, Philippines, and the United Kingdom in September 2007, October 2010, and February 2012 respectively. Market America wasn’t done. It later extended its presence to Mexico, Singapore, and Malaysia in 2012, 2014, and 2017 respectively.

Market America’s business model

The company sells products manufactured by other firms. However, the products are sold by only Market America. The company has partners that sell its products. These partners are known as independent distributors. Independent distributors pay monthly fees to the company.

The distributors earn money by bringing in new partners and by earning commission on their sales. Right now, a new independent distributor will pay $399 as the startup fee and will also pay $129 monthly fee. Their representatives also operate as independent contractors and they spend between $130 and $300 on products. In addition, representatives need to attend seminars and training event s and these events cost between $20 and $200 each.

At some point, critics of the initiative rose up. They kicked against the idea of telling new independent distributors that they can rise to the level of becoming financially independent when the scheme cannot go on forever.

According to pundits, its rapid growth is not worth celebrating as it is normal for such schemes to get to a stage of maximum momentum after which their profit will begin to plummet and that is what Market America avoids by extending to other countries. This remains a mere speculation since the company’s profit still continues to increase tremendously.

https://twitter.com/marketamerica

Sahm Adrangi Doesn’t See KodakCoin Paying

While most people think of investments as betting for a company’s success, Sahm Adrangi and Kerrisdale Capital have issued a short position on the stocks of the Kodak Company. This report has gained the attention of many individuals organizations including CNBC. With Sahm Adrangi shorting Eastman Kodak, he and his company are set to make a good profit if Kodak fails.

Sahm Adrangi has been known for years with his accurate predictions of the failures of companies and he doesn’t appear to have lost his touch. He is not afraid to say what everyone else doesn’t want to say, no matter if it is to his business peers or social media. This does not bode well for Kodak as Sahm Adrangi believes their latest efforts are just an attempt to shovel a little bit of water from a sinking ship.

Kodak recently announced new systems that are centered around cryptocurrency and blockchain technology, things that Sahm Adrangi thinks just don’t make any sense for the photography industry. While their new KodakOne and KodakCoin projects may look good to the casual observer or the photographer, but Sahm Adrangi believes they are essentially doomed and Kodak is headed towards inevitable bankruptcy.

While the stock of Kodak did see a significant increase in stock prices directly following their announcement, Kerrisdale Capital does not see these stock prices having any longevity for the company.

There are even people within Kodak that have gone public with their opinion that these new products just won’t work. It is believed by many that blockchain technology will do little to nothing to protect the assets of photographers. To make it even worse, one of the main people that Kodak hired to assist with the development of these products is business partners with someone who has been convicted of security fraud. There are internal problems in Kodak as well as 5 members of their board have been found to be partaking in unscrupulous trading that some believe will lead to an eventual investigation from the SEC.

All in all, none of this looks good for the Eastman Kodak Company, but it looks great for Kerrisdale Capital and their investors.

https://www.cnbc.com/2016/05/05/short-seller-kerrisdale-to-target-dish-network.html

Tony Petrello – A Leader In Business And Compassion

Anthony Petrello, also known as Tony, isn’t just the leader of the worlds largest drilling company, he’s also a visionary.

As CEO of Nabors Industries, Petrello has proven his worth, not only in the drilling of oil and natural gas but also in philanthropy. Petrello has demonstrated that his empathy goes deeper than his drills.

The devastation left in the path of Hurricane Harvey in 2017 was overwhelming, leaving Houston and the surrounding areas with both physical and financial challenges. Without resources, the area was at a logistical standstill. Tony Petrello wasted no time in demonstrating that Nabors Industries was more than a drilling company, they were part of the community and were ready to give back in anyway they could. Petrello offered paid time off to those employees who were willing to roll up their sleeves and get to work assisting with the cleanup and rebuilding. However, Tony Petrello knew it would take more than manpower, it would take money. The employees of Nabors reflected Petrello’s compassion and generosity by raising $173,000, a sum Petrello matched.

Petrello hasn’t forgotten his humble roots. As a child growing up in Newark, NJ, the son of a working-class family, Petrello was instilled with a hard work ethic early on. This ethic demonstrated itself when Petrello was rewarded with a full scholarship to Yale University. Realizing the value of an education and the potential in others who may not have the financial resources to attend a world-renowned university, Petrello generously donated $150,000 to a yearly award to his alma mater.

It during his years at college, that Anthony Petrello met his girlfriend, Cynthia. They would later marry and have a daughter, Carena. Carena was born with neurological complications. Diagnosed with periventricular leukomalacia, Carena was limited in motor skills. Because of their daughter’s complications and their determination to give support and compassion to other families, the Petrello’s donated $7 million to the Jan and Dan Duncan Neurological Research Institute, a part of the Texas Children’s Hospital.

Recently, the Petrellos welcomed Broadway star and Houston native, Tommy Tune, to their Shadyside estate by hosting a party, showing Tony Petrello’s kindness and generosity also extend to the arts.

Tony Petrello is a man who leads by demonstration, paving the way for others to follow his path of compassion and generosity.

Search more about Anthony Petrello: http://alivenewspaper.com/2017/09/tony-petrello-and-his-dedication-to-philanthropic-causes/

Sheldon Lavin; the bigwig Behind OSI Group’s Success

Only a few entrepreneurs live to enjoy the fruits of their so-called tough journey when it comes to careers-success. For the likes of Sheldon Lavin, entrepreneurship is a path that they have its blueprint. Sheldon is among the few talented individuals whose stay in the business world has always been filled with success. Today, Sheldon is celebrated for his outward contribution towards OSI Group.

The talented fellow serves as OSI’s CEO. Besides, Sheldon serves as the chairman of the board of the company. OSI is a private company based in Aurora, Illinois. However, with Lavin onboard, the company’s operations surpass that of most public entities in the game. Today, OSI Group is celebrated for being a leader in the meat processing business as well as food services.

When it comes to experience, Sheldon boasts of holding more than what is needed. The talented CEO owns more than 47 years of experience in the meat processing game. This experience places Sheldon in a better position to steer OSI Group to an incredible level. Previously, Sheldon used to serve in the investing and banking sector where he held an executive role. Sheldon also managed a financial consulting firm of his own which boasted his understanding of business as a whole.

Sheldon joined OSI when it was just a small company supplying at McDonald’s. However, within no time and under Sheldon’s tenure, OSI Group has grown into a global platform with a credible reputation.

Sheldon’s life in the meat industry runs back to the 70s while he was still working in the finance sector. Otto and Sons were in dire need of financial support which saw them approach Sheldon with a promising deal. The engagement saw Sheldon acquire a leadership position at the company, little did he know it was to be his career breakthrough. Within a short time, Sheldon was getting more involved with the group as he was a talented asset.

Over time, and with the aid of Sheldon, OSI Group had gone beyond the borders to North America, Taiwan, and Europe. In the 80s, Sheldon became the sole owner of the business after one partner sold out his shares while the other one retired. Today, OSI Group is named as a leading supplier of proteins around the world. The company has over 55 facilities in 16 countries. However, Sheldon insists that the numbers are likely to skyrocket in the future.

LinkedIn: https://www.linkedin.com/in/sheldon-lavin-a325b98

Nathaniel Ru Keeps Innovation at the Forefront of Sweetgreen

The fast food industry is filled with a ton of competition. So many people are consuming fast food on a regular basis, but they are getting tired of the options that are out there. Some people have taken he to what their doctors are saying when it comes to obesity, and they want change.

Nathaniel Ru is just the person that so many people have been waiting for. He is the entrepreneur that is bringing forth a new era in fast food by creating the healthy food alternative.

It may have seemed somewhat unorthodox for a young person to be the pioneer in fast food alternatives that would bring forth fresh fruits and vegetables, but this is exactly what has happened. Sweetgreen is the product of a young entrepreneur that was actually looking for a way to channel his passion about healthy eating into a business concept. Read more: Sweetgreen | Wikipedia

It is no surprise that this has been successful when one considers the fact that Nathaniel was creating something that was different from everything else.

His unique idea to put a trendy spin on healthy food options has made him a success. He has two business partners that are also riding the wave with him, but it is Nathaniel Ru that has the initial idea. He sparked a movement in healthy food.

There are some other entrepreneurs that are trying to duplicate this success, but few have managed to get the type of praise and interest from investors that Nathaniel Ru has received.

More than $90 million has already been given to Nathaniel Ru by investors to build more Sweetgreen locations. It is exactly what people are looking for, and he has the power to deliver now that more investors have his back.

Nathaniel Ru has managed to become quite successful over the years, but it appears that people are wondering what he can do next. He started out as a student at Georgetown that was simply looking for a better meal plan.

The success of Sweetgreen would be startling, but Nathaniel Ru realized that he could build his franchise and keep people interested by bringing more concepts on board.

Since the start of Sweetgreen Nathaniel has put an annual music festival in place. He has also worked with the concept of starting cashless restaurants to increase the safety of customers. He has managed to keep innovation at the forefront of Sweetgreen restaurants.

Learn more about Nathaniel Ru:

How Sweetgreen Brought Healthy And Delicious To Busy Lunchers [PSFK 2016]

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