Posts in Category: Interesting People

Should Technology Be The Next Milestone of Small Businesses?

Technology and business executive Shaygan Kheradpir has seen the tide turn in favor of technology on myspace.com. The Cornell University alumnus has worked in a number of technological positions in the past, including being CEO of Juniper, and one thing he has learnt is that companies who are brave are rewarded. Once upon a time, even big brands of today were starting out. Shaygan Kheradpir holds the credit for most of the technology innovations in business, particularly when it comes to security. Shaygan Kheradpir has made the world of technology much safer for small businesses and believes that technology should be their next milestone.

Free Technology is Legal and Common – Given how popular technology is in the current world, it is not difficult to find free business tools online without spending a buck. These are perfectly legal tools that are released as open software programs for businesses. They can easily take the load of small business operations and businesses can also whet their appetite with these free tools before investing in something.

Employees Work Better – The basic idea of technology is that it improves productivity. When employees are introduced to technology, their work becomes less fuss and more fun. They are able to finish tasks on time which improves their efficiency. It also improves the standing of the small scale business in the eyes of clients and gives them an edge over competitors.

Time and Cost Savings – Business technology is constantly evolving and developments are taking place by the minute. However, because of the stringent security requirements, no all developments are implemented or introduced. This ensures that the developments and breakthroughs that meet all the requirements would lead to tangible cost and time savings.

Satisfaction Improves in the Organization – As an organization starts doing better, employees feel productive, sales and profits rise, and there is a general sense of accomplishment as satisfaction rates peak up. It is a known fact that organization with high satisfaction rates retain their employees and clients effortless. These organizations also grow at a steady pace. Business technology can achieve this for small scale businesses.

Largely User Friendly in Nature – The technology that is being rolled out for small scale businesses is created keeping in mind that the user level is novice for most employees. As such, the business technology tools available for small companies are pretty user friendly in nature. There are no complex features or topics which would flummox novice employees.

Training from Vendors – Vendors understand that embracing technology can be a big thing for small companies because budgets are tight and resources are limited. This is why a lot of vendors offer training related to software programs. This ensures that all employees understand the basics when they start working with business technology.

Ultimately, as Shaygan Kheradpir mentions, business technology would be everywhere and it won’t be an option anymore because it is full of benefits and businesses cannot overlook that. Small businesses that keep up with this trend would find themselves in profitable positions and others will become irrelevant.

The Evolution of CCMP Capital Under the Management of Stephen Murray

The advancement in technology has seen evolution of different industries around the globe. Stephen Murray CCMP Capital is an American firm that specializes in private equity investment. Its focus area is growth capital and leveraged buyout transactions. The firm came into being in 2006 after it separated from JP Morgan Chase. The investment entity was previously called JP Morgan Partners. Among private equity funds around the world, CCMP Capital is ranked number 17. Since its inception, the private equity investment firm has invested more than $12 billion in assets.
The Chemical Bank founded the firm in 1984 as Chemical Venture Partners. CCMP Capital was initiated with the view to serving as the venture capital and private equity arm of the bank. In 1996, the firm changed its name for the first time to reflect the acquisition of Chase Manhattan Bank by Chemical Bank. The new name of the firm was Chase Capital Partners. In 2000, the firm had to change its name again after Chemical Bank acquired JP Morgan & Co. The firm’s name after the 2000 acquisition was JP Morgan Partners.

The acquisition of Bank One by JP Morgan Chase changed the partnership between the firm and JP Morgan Chase. The acquisition had One Equity Partners, the private equity branch of Bank One. The corporation was the lead private equity platform. JP Morgan Partners started a process to separate the firm from JP Morgan Chase in 2004. The spin out was announced in 2005 but it became effective over a year later. The name of the firm was changed to CCMP to reflect on all its predecessor entities. CCMP stands for Chemical, Chase and JP Morgan Partners. JP Morgan Chase sold all its interests in the firm about two months before the separation for a consideration of $925 million.

The spin out from JP Morgan Chase would not have been possible without efforts from JP Morgan Partners’ managers such as Stephen Murray. Murray joined the firm in 1991 when Chemical Bank acquired Hannover. After 14 years in the firm, he had developed lots of love for the firm and did not want it to be absorbed by One Equity Partners. With the help of other managers at the firm, they managed to successfully spin out the firm from JP Morgan Chase. In 2007, he was appointed as the Chief Executive Officer of CCMP Capital.

The most recent fundraising by CCMP was completed in 2007. The fundraising had targeted $3.5 billion but missed the target narrowly as it was able to raise $3.4 billion dollars. This fundraising was quite instrumental in aiding the entity get adequate resource for its expansionary strategy.

CCMP Capital has managed to establish itself as a trustworthy private equity investment firm. It continues to grow exponentially and may soon be among the top 10 largest private equity investment firms around the globe. CCMP Capital concentrates on ensuring that its investors get maximum returns from their investments.

Canada About To Face Recession, Say Economists

Canada is about to face a terrible recession beyond people’s expectations, one that might stay till 2010, alleged the country’s best economists.

Staid financial observers, who normally speak in controlled tones, almost mentioned the term ‘recession’ in 2 different occasions.

“At this point, if this kind of volatility keeps up, I think we’re looking at a much more serious downturn than a mild recession that most of us are talking about,” supposed Doug Porter, with BMO Capital Markets, during a conference of high-ranking economists in Toronto.

Canada is headed for an economic ideal tempest of a spluttering U.S. economy, plummeting oil prices plus falling local demand that is going to contrive to harm the nation’s development projections for the coming few months.

Scotiabank economists Derek Holt alongside Karen Cordes alleged that they were predicting Canadian plus U.S recessions, as well as 100 base points of Bank of Canada plus Fed cuts, which might come any moment. This is only a US-made weakness as Canada experiences its own locally made recession signs.

A depression is usually described as at least 2 quarters of undesirable GDP growth.

If Scotiabank’s prediction is accurate, the Bank of Canada may cut its overnight loaning rate to 2% from 3% while the U.S. Federal Reserve would cut the feds reserve rate to 1% from the present 2% level.

In Toronto, these specialists of the bleak science were definitely more determined towards their anticipations of the countrywide economy even in the coming year.

TD Bank’s Don Drummond supposed he perceives the economy dwindling until end of 2009 and then just slowly improving.

On the Oct.14 election campaigns trail, Prime Minister Stephen Harper stated that whilst the nation’s economic basics were relatively sturdier than other countries; Canada still may need to come up with a tactic to battle a likely slowdown.

Stephen Harper said in an occasion held on Monday morning in Ottawa that, they were similarly observing to ensure that any activities that are done elsewhere do not have any recoil effects on Canada, so they are making several secondary plans in case of an eventuality.

International oil prices went down below $90 US per barrel as the week started; other product prices have similarly slipped in latest weeks due to the slowing international economic growth.

Christian Broda
Christian Broda is an Associate Professor of Economics in Chicago Booth. Professor Broda’s study addresses matters concerning world business, finance, as well as macroeconomics.

Highland Capital Management: James Dondero

James Dondero is the president and founder of Highland Capital Management, L.P. Mr. Dondero has more than 30 years of experience in the credit market industry. Before creating Highland in 1993, Jim worked as chief investment officer of Protective Life’s GIC segment and assisted in flourishing the business from an idea to more than $2 billion in 1989 and 1993. “Mr. Laffer is one of the industry’s most prolific minds and Mr. James Dondero is our co-founder with over 30 years of proven industry experience,” Brian Mitts, Chief Financial Officer of NXRT says. “We are excited to have the opportunity to bring these two high-quality individuals onto our board of directors and we look forward to seeing the added value and expertise they can bring to our team.”

The expertise he has in portfolio management include leveraged bank loans, investment grade corporates, mortgage-backed securities, high-yield bonds, latest market debt, common stocks and preferred stocks. He controlled an estimated $1 billion in fixed income funds for American Express during 1985 to 1989. He finished his financial training program at JP Morgan before joining American Express.

Being the president and founder of the Highland Capital Management, one of the industry’s largest and most competent global alternative credit managers, James Dondero is entitled to supervise Highland’s investment activities and strategies for both institutional and retail products. With over a period of three decades in credit markets, Mr. Dondero is considered one of the earliest leaders of the Collateralized Loan Obligation (CLO). His portfolio have earned a couple of awards and distinctions in his career such as the Lipper Award for Floating Rate Opportunities in 2014, Morningstar’s 5-star designation for Global Allocation in 2014 and Morningstar’s #1 ranked Healthcare Long/Short Equity Fund in 2014.

The firm has its headquarters located in Dallas, Texas and has branch offices in Singapore, Seoul, and New York. The diverse Highland’s client base constitute governments, high net-worth individuals, public pension plans, endowments, financial institutions, fund of funds, corporations, and foundations.

The company offers intensive credit projects including long-only funds and separate accounts, credit hedge funds, collateralized loan obligations (CLOs) and perturbed and customized situations private equity. The firm also specializes in alternative investments such as natural resources and long/short equities.Highland Capital Management, L.P. recently released a statement meant to rectify misinformation published by the press about the legal proceedings of James Dondero and Highland.
Mr. Dondero graduated from the University of Virginia with a BS in Commerce (Accounting and Finance). Being a Certified Managerial Accountant, he posses the right to utilize the Chartered Financial Analyst designation. He is now the Chairman of NexBank and Cornerstone Healthcare Group, CCS Medical and is a member of the Board of Directors of Metro-Goldwyn-Mayer and American Banknote Corporation.

Bruce Levenson Then and Now

Bruce Levenson is truly an incredible man with an incredible track record. He was born in October of 1949 in Washington D.C. He quickly moved to Chevy Chase, Maryland where he spend the majority of his childhood. Today he has a wife, two homes in Maryland, and three beautiful boys. It is fair to say that this individual went from normal to quite rich as time went on. Today he is one of the richest men in the United States of America.

Bruce Levenson is known for more than just a simple list of things, but he is most notably recognized for his involvement with the NBA. He is most recognized for adopting the Hawks from Turner Broadcasting in 2004 and taking them all the way up in fame and fortune. He also adopted the Atlanta Thrashers but sold his share of the team in 2011.Then when it recently become known that he was selling his share of the Hawks NBA team it was a sad day for many. Most were unhappy or sad to hear that the beloved shareholder of the Hawks was giving up his prized team. He valued the team at just over 800 thousand dollars and wouldn’t accept any less for the prized Hawks. He is a rich man indeed and that will not change anytime soon.

Ressler was quoted saying “The price reflects the strength of the NBA product right now and views as to what they think the market can become,”. This speaks volumes about the value of sports and sports entertainment in the United States of America.

On top of being an NBA team owner, Bruce Levenson is also a businessman. He graduated law school at American University and started up a journalism career at just about the same time. He is known as a co-founder of United Communications Group along with Ed Peskowitz. It is a privately held business that offers current information on world and social affairs. Through the United Communications Group Levenson even own and operates GasBuddy. GasBuddy is a very popular application for phones and other mobile devices meant to help people find the lowest gas prices in their area. It is one of the most widely used apps today. Bruce Levenson is even on the Board of Directors at TechTarget. TechTarget is another spin off of the United Communications Group. He was the director of this company from 1999 until 2012. To make matters even more impressive he was an adviser for BIA Digital Partners, he was a member on the Board of Directors of the Newsletter and Electronic Publishers Association, and the Software and Information Industry Association’s Hall of Fame inducted him in 1997. Impressive!

Susan McGalla speaks the truth about women in business

Marketing and branding expert Susan McGalla has recently been using her own unique position as a top executive in the retail industry to try and encourage other women and young people to set gender aside in the search for a successful career. McGalla has recently given a number of talks and interviews detailing her own views and opinions on the gender debate within business. The founder of the P3 Executive Consulting group has explained how she believes many of those who offer their opinion on the role of women in business do little more than provide buzzwords and well known tips and tricks for developing a career in a male dominated industry.

McGalla herself has not used gender as a reason for either her successes or failures, but has instead taken a view of business that does not include gender as a major issue. The former brand executive at American Eagle grew up in a male dominated household with two brothers and a football coach father. growing up in this atmosphere did not diminish the ambitions of McGalla, but instead saw her parents and brothers encourage her not to look at situations in terms of gender. Instead, McGalla has been looking for success on a personal and company level without worrying about gender or personal issues affecting her chances of success.

Susan McGalla is often held up by those looking to assist women in their search for business success as a role model because she has pushed into a male dominated world and achieved success. The P3 company founded by McGalla now handles the decisions about branding and marketing made by some of the top companies in North America and around the world. This comes after McGalla joined the American Eagle clothing brand as a regional buyer and worked her way through the company to become a brand and marketing executive, which has become her niche area of expertise. The executive has become a go to person for those individuals and companies in the financial industry who are looking to extend their reach into the world of retail, which has proved profitable for both the companies represented and McGalla herself.

The Rebound of New Brunswick City Courtesy of The Aspire New Brusnwick and Boraie Development LLC

It has been published on NJ Spotlight that with the city’s latest skyline plus image, it has a potential of becoming like Cambridge or even Ann Arbor. 

Regardless of serving as the main grounds for main campus of Rutgers University as well as being the HQ of Middlesex County, New Brunswick used the last decades of previous century combating the same forms of challenges, which confronted most of the US urban places: an escalation in the number of immigrants, reduction in asset worth, and relative desertion. 

However in 1975, John & Johnson decided to make great commitment not to move out of the city, and this decision refreshed the confidence of investors in New Brunswick’s solidity and potential. As opposed to many aging cities, New Brunswick started to recover in early to mid-1980s with the help of firms such as Boraie Development. This recovery process involved a number of major developments that set the city on a new level. These developments include the following:

The Aspire 
The 17-story housing high-rise block that is privately developed complements the still miniscule assortment of comfy residential units of the city. Situated near a train-station that provides express service to New York, Aspire rents out its 2-bedroom houses at a maximum charge of $2,800 per month. These apartments are likened by Boraie VP Wasseem Boraie to several highly stylish housing units in Manhattan. 

College Avenue Redevelopment Initiative 
Defining it as the biggest development venture in the history of Rutgers, Rutgers alongside Devco is establishing a plaza for the institution, which will sit on a 10-acre area and cost $300 million. Build on and all over the College Avenue, the venture adds a whopping 200,000 Sq. foot academic as well as administration complex (the first latest academic building of the campus since 1961); a housing block for honors-college; a 500-bed hall of residence comprising of business space and enclosed with an vast lawn that has an outdoor video surveillance, seating, boardwalk, walkways and also cycling paths. 

The Hub at New Brunswick Station
Due to partial mixed-used of Gateway building nearby the train-station by Devco as well as the 600,000 Sq. foot Wellness Plaza located up the boulevard, the building that is in front of the train-station has undergone serious developments in the last 3 years. Currently Devco is opening phase 3 of Transit Village Initiative, a venture on 4 acres referred to as ‘The Hub at New Brunswick Station’, through Albany Street. This project defined by Devco President as “real city center project”, is expected that the 1.7 million Sq. Foot complex will contain 500-600 residential units, plus office as well as research space plus ground-level business space.

Florence and the Machine Reach the Top

The critically acclaimed band Florence and The Machine have finally clawed their way to the top of the charts, earning their first number one spot on the Billboard 200.

The group’s most recent album release, How Big, How Blue, How Beautiful, sold more than 137,000 copies in a week’s time. Their first hit song, “Dog Days Are Over” launched the band into notoriety according to Matt Landis.

It is Florence and The Machine’s sophomore album release, Ceremonails, that launched the band into critically acclaimed success. The album contained the popular song “No Light, No Light.” Ceremonials also contained the smash hit, “Shake It Out.” The song was widely popular, featuring the group’s ecclectic mix of wold instruments. The song’s lyrics seemed to have a deep, spiritual meaning behind them, but singer Florence Welch admitted that “Shake It Out” was simply about recovering from a night of drunken antics and the ability to let go of regret.

How Big, How Blue, How Beautiful beat out the band’s previous sales record of 107,000 albums in one week with the 2011 release of Ceremonials.

A Look At Bruce Levenson

Bruce Levenson the powerful business mongrel and millionaire is selling the Atlanta Hawks after owning the team since 2004. Born in Washington, D.C. in 1949, Levenson spent his childhood in Chevy Chase, Maryland. He graduated from Washington University in St. Louis and then proceeded to study law school American University. While studying law, he worked as a journalism Washington Star and Observer Publishing.

Levenson eventually went on to be the Co-Founder and Partner at United Communications Group (UGC) in 1977. He formed the company with Ed Peskowitz and is the main force behind UCG’s business strategy and acquisition efforts. Other major positions he has held include serving as a director at TechTarget.com and owner of Atlanta Spirit, LLC.

Although, ultimately that number dropped down to two forerunners. One these groups consisted of Grizzlies minority owner Steve Kaplan, who teamed up with Indonesian billionaires Erick Thohir and Handy Poernomo and former Grizzlies CEO Jason Levien to make an offer. While the other group was led by billionaire equity and investment fund manager Antony Ressler, joined by Lionsgate Entertainment’s Mark Rachesky, York investment banker Steve Starker and Jesse Itzler, who has done consulting work for the Hawks and is the husband of Spanx founder Sara Blakely.

After much debate, it was eventually determined that the team and operating rights would go to the group headed by Antony Ressler. Goldman and Sachs and Inner Circle Sports originally estimated they could sell the team for a whopping $1 billion USD. Ultimately, they were off by 27% and the Atlanta Hawks and operating rights were sold instead for 730 million USD.