Since the time it began, Fortress Investment has for a long time been setting the pace in the industry. The company has expanded over the years; the company is administering assets totaling over forty-three billion dollars. 1750 investors are linked with the company getting services in hedge funds, permanent capital vehicle and private equity. The company guarantees strong risk-adjusted returns for investors who have long-term ambitions. The leadership provided by the management is solid. Two of the top executive were founder members. Randal Nardone, Wes Edens, and Rob Kauffman founded Fortress Investment Group in 1998. All the founding members have been with the company providing the much needed personal touch needed during the initial stages.
The founders had previously worked together which created ready chemistry. They also brought with them sound expertise and deep experience from well-known companies such as BlackRock Financial Management, the Goldman Sachs, and UBS. Fortress Group grew rapidly, and in 2007, it was among the first of its kind in New York to go public in the stock exchange. Fortress Investment Group’s main goal at the time was to provide an alternative-asset strategy that upgrades private equity into advanced capital vehicles. The core areas of specialization are clearly defined as; asset-based investing, operation management, corporate mergers, sector-specific knowledge and capital markets. Fortress has created investing and innovative mechanisms which make value extraction from its investments very efficient.
Recently, Softbank Group Corp acquired shares in Fortress Investment Group. The move is set to make Fortress Investment Group operate within SoftBank but independently based in New York. SoftBank has however insisted that leadership will remain in place to ensure certainty and continuity of success. The culture and business model is also set to be retained. Peter Briger will continue as the Co-chairman, and Randal Nardone continues as the CEO. Two decades of operation has seen Fortress Investment Group gain experience in managing acquisitions and mergers. The interaction and network that personnel from Fortress enjoy with a variety of corporate stakeholders, board members, and management professionals. The clientele that deals with Fortress Investment trust the company because of its impeccable track record in managing portfolio companies.
How many Twitter users can tweet for 21 hours about the economy and capture the attention of almost an entire nation? Well, not many can rival Shervin Pishevar. He is a capitalist whose reputation has grown since he invested in Uber before the company became a household name. To many people, Pishevar has an eye for great future investments. His ability to identify lucrative investment opportunities is most likely the main reason why his predictions of the financial market attracted attention across the country. His economic predictions were contained in 50 tweets that flowed for 21 hours.
Shervin Pishevar talks about Bitcoin and the stock market as declining investments. According to his analysis, these assets are completely overvalued, a fact that investors will soon notice. He advised investors to focus on newer and more innovative ideas to succeed.
Unlike the manyfinancial and business analysts who are all talk and no play, Shervin Pishevar has predicted things in the past that have come to pass. Whether you choose to believe the stock market is not the right place to invest in the current political, cultural, and economic environment or not, is up to you.
Be it as it may, Shervin Pishevar is not one to talk lies on Twitter for 21 hours! He also does not argue for the sake of it.
In his tweets, he warns the US against relying on the current methods of stabilizing the market that involves the sale and buying of bonds. He encourages thecentral banks to not only buy the government bonds but also to allow for quantitative easing.
Considering that there are many influential voices competing with Shervin Pishevar on Twitter, it is amazing that his loyal followers took time to go through his predictions and analyze the impact they would have on the economy.
Shervin Pishevar gives hope to the people arguing that such negative changes will in turn open ways for a bettereconomy focused on equality. One cannot deny that the statements are not to be ignored by potential investors. This is taking into account the previous input that Pishevar has had on the financial market.
Wes Edens applied his reading, writing and arithmetic skills and other academic and business acumen throughout his professional life serving him well. Mr. Edens earned a B.S. in Business from Oregon State University. During the 1990s, Wes Edens established his professional credentials in money management working for Lehman Brothers, BlackRock and the Swiss Bank UBS before co-founding Fortress Investment Group. Wes Edens is married and has one son and two daughters. Incidentally, his daughter Mallory, has expressed interest in owning the NBA New York Knicks someday. According to totals by Forbes, in 2016 and 2017, the Knicks were the most valued NBA team at an estimated $3 billion.
At the time the current team owner appeared disinterested to initiate a sale. In 2016, “Bizjournals” reported that Wes Edens total take-home pay from all consolidated income was an estimated $54 million. Moreover, at one point he held a reported 63 million shares of stock in Fortress Investment Group. Dividends were figured into his total take-home pay. Mr. Edens co-founded Fortress around 1998, and in 2007, it began trading on the New York Stock Exchange. He served as co-chairman of the company, and also a position on the seven member company board. In 2014, Mr. Edens co-invested in the NBA’s Milwaukee Bucks, which sold for a reported $400 million.
Moreover, a new arena was built to boost attendance and to serve as a venue for off-season activity such as concert performances. The Bucks last had a championship team in the 1970s. Mr. Eden’s mother is a native Wisconsonian. Mr. Edens is involved with the Milwaukee community. He provides team players of financial advisement towards income investment. He also appears at middle school and senior high schools in the area as a motivational speaker to students, and will occasionally have a handful of students attend a home game. One of his cliches is, “This isn’t a movie, this is your life.”
Susan McGalla is a successful business woman that has inspired many who have a vision of a more equal business world. In many industries it is still very difficult for women to reach leadership positions in fields that are male-dominated. For many women and girls, Susan McGalla serves as an excellent role model to women everywhere on just how successful a woman can be despite the challenges they may face in industries historically dominated by men.
McGalla initially started her career at American Eagle Outfitters, at a time when no women held leadership positions at the company. Over time, she managed to climb the promotional latter and become the President and Chief Merchandising Officer at the company before she left. After leaving American Eagle, McGalla founded P3, an international management consulting company. Currently, McGalla proudly holds the title of Vice President of Business Strategy and Creative Development for the Pittsburgh Steelers football team, in an industry currently dominated by mostly men.
Women’s initiatives have helped women in the business world, but aren’t the best solution to the lack of women in many fields. Another option is to create chances for executive sponsorship for women working towards leadership roles in industries difficult for women. A sponsor can open new doors and create more opportunities for women to advance their careers and get closer to leadership positions. It is important the women support each other in business so women can work for the same success that Susan McGalla has achieved in her career.
In the end, hopefully McGalla’s great success and many achievements can help inspire more women to seek out business careers and there will be more support for business women in the future so there can be similar success stories. Statistically, companies with more diversity in leadership roles tend to outperform companies with less diversity in these positions, so everyone should strive to make a change for a better company and a more equal business world.