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Raking In The Dough: Randal Nardone

Randal Nardone is a man who switched from one profession to the next with a seamless transition. He has made his career out of doing things and doing them well time in and time out. He went to the Univesity of Connecticut and earned a Bachelor’s Degree in English. After that, he went to Boston University School of Law and earned a Doctor of Jurisprudence. Things were going well until another field caught his attention. In 1998 he was one of the co-founders of a company called Fortress with Wes Edens and Peter Briger. The investment bug hit him and he has been loving his work ever since. Read more at Wikipedia.

Randal Nardone has had many jobs over the years at Fortress and still works there today. When he first started at Fortress Randal Nardone was part of the Management Committee. He had had several years of experience in that particular area because he previously worked at other firms like UBS and Blackrock Financial. Helping manage things at a company is right up his alley.

Now he was looking for a new challenge at Fortress. He became an interim CEO for two years and was hired as the full-time CEO in 2016. He holds that position today even though Fortress was bought by Softbank and he dedicated to his consumer base.

He has also been able to make a little bit of money in the process too. According to the latest list at Forbes Magazine, Randal Nardone is number five hundred fifty- seven.

Working at Fortress is not the only thing he does. He works at other financial companies too like Springleaf Financial Holdings and Newcastle Investment Holdings. This is one of the busiest men in the financial sector and he loves every minute of it. That is the way he likes it to be.

Randal Nardone is proof positive that some can start a totally different career and make a big success of it as well. Once he got into the business he doesn’t want to leave. His success is nothing new for him and he is raking in the dough at the same time.

Source: https://www.bizjournals.com/newyork/potmsearch/detail/submission/6455307/Randal_Nardone

 



Stream Cares Leads Texas Business Community in Philanthropy

Stream Energy is a direct-selling energy company from Dallas. For over twelve years, this company has been known for its charitable donations to organizations in the state of Texas and all throughout the country. With such a strong philanthropic culture within the country, Stream Energy has decided to go a step further and open an office dedicated to their charitable functions as a company called Stream Cares.

American companies are known for being more on the generous side. For all of 2016, American businesses gave away about $19 billion in donations to charitable foundations all over the world. Though a sizable sum, this does not include money spent marketing on behalf of charities, sponsorships awarded, or the time and money coming directly from individual employees. A foundation within a company, however, isn’t standard when engaging with charities.

Stream Cares will continue the tradition of donating to organizations far from home, but now there will be a more formal organization in selecting which charities to engage with, which functions to hold and when. In addition to giving to those in need, Stream Energy is looking to this foundation as a way to boost its profile as a company concerned with the welfare of its customers.

In addition to formalization, there will be an increased effort in localization. Working with national organizations like Habitat for Humanity and the Red Cross allows employees to take part in big functions, but Stream Cares will also be looking to work with grassroots organizations more often. This will allow the company to have a direct impact in their local community, something that engages their workers.

Dallas is a city of 1.3 million people, one of Texas’ most populated. It also has a serious problem of homelessness, which has increased 24%. Stream Energy has sought a way to address this issue in their city by partnering with he Hope Supply Co, a charity dedicated to helping the homeless in Northern Texas.

Together, they held A Splash of Hope. 1,000 homeless children were taken to a water park for a day where they received financial aid, school materials, clothes, and supplies to assist their families.

Stream Cares has also assumed a symbolic responsibility. Texas is not known for its charity. Compared with the rest of the country it’s one of the least charitable states. Stream Energy hopes that its new foundation can stand as an example to the rest of the state’s business community of how they can step up and give back to those in their community.

https://www.bbb.org/us/tx/dallas/profile/electric-companies/stream-energy-0875-90018895



Flavio Maluf’s Discussion About Tax Incentives

Flavio Maluf says that Brazil’s corporate income tax rate is so high that many entrepreneurs find it difficult to maintain a “live” business in Brazil. In fact, Brazil’s corporate income tax rate is among the highest in the world, the third highest in the world to be precise (34 percent). The United Arab Emirates has the honor of having the highest corporate income tax rate in the world (55 percent), followed by India (35 percent). Brazil’s high corporate income tax rate can deter entrepreneurs from maintaining a “live” business in Brazil. There are, however, Fiscal Incentive Laws enacted to encourage the development of business activities in the country, while at the same time promoting the economic and social development of the country. Read this article about Maluf at dino.com

Tax incentive programs comes in the form of sponsorships of social, cultural, or sports project. Sponsoring such projects allows companies to gain a positive image through nominal association with the sponsored projects. An additional benefit of sponsoring projects is that the gain in company recognition means that the company can spend less money on its advertising. In addition, there are also regional tax incentives available to prospective settling businesses to encourage businesses to settle in certain regions. Moreover, public administrations offer tax incentives, such as tax reduction, exemption, and compensation, to companies within certain sectors to stimulate a particular industry or particular economic activity.

Flavio Maluf is the Chief Executive Officer and President of the Euxcatex Group and began his employment with the company in the year of 1987. The Euxcatex Group was founded in 1951 and is in the business of producing various items used in the construction industry. These items include doors, flooring, insulation, panels, plastic and plant-based lining, paint, wood varnish, and partitions and building walls for pre-fabricated construction. The Euxcatex Group exports its products to 40 countries across the globe.

Follow: https://twitter.com/flavio_maluf

 



Carlos Alberto De Oliveira Andrade Brings Hyundai Factory to Brazil

Yearly, 179 Hyundai dealerships vie for the title “Distributor of the Year”. Brazil’s CAOA Group earned that title recently. This is the first time a distributor outside of Europe has been so honored.

In 1979 CAOA Group’s founder Dr. Carlos Alberto De Oliveira Andrade (Dr. Carlos) put money down on a new Ford. Before Dr. Carlos could take possession of his car the dealership went out of business. Dr. Carlos sought and received ownership of the dealership as compensation for his lost down payment. Suddenly, the respected physician was in the business of selling cars.

CAOA continued on as a Ford dealership. Within six years CAOA was the largest distributor of Fords not just in Brazil but in all of Latin America.

Before they began selling Hyundais in 1999 CAOA had added Renaults and Subarus to their inventory. During that period Renaults accounted for one-fifth of all cars sold in Brazil. After Renault canceled CAOA’s franchise one-ninth of cars sold in Brazil were Renaults. Dr. Carlos’ dealership increased total Subaru sales in Brazil threefold. Today, Hyundai is Brazil’s highest selling imported vehicle.

In 2007 Dr. Carlos Alberto De Oliveira Andrade spent $600 million dollars of his own money to build a Hyundai manufacturing facility in Anápolis, Brazil. That achievement garnered Dr. Carlos IstoÉ Dinheiro Magazine’s “Entrepreneur of the Year in Industry” award. Carlos Alberto De Oliveira Andrade chose the Anápolis site because it is centrally located to receive imported production components and export the plant’s finished product.

The manufacturer that Dr. Carlos built has received other accolades. IstoÉ Dinheiro magazine declared the Hyundai plant a “Good Doer Company”. That distinction recognizes the way the factory manages waste and contributes to reforestation. For three consecutive years, “Carta Capital” a weekly magazine has given the plant “Most Admired” status.

In 2014 the JD Power Institute ranked the CAOA Hyundai dealership first in client satisfaction. Recently, a Research and Energy Efficiency Center (CPEE) was added to the CAOA factory. CPEE is the most comprehensive facility of its kind in Latin America. The $40.3 million research center was built entirely with money from CAOA.

Get more info: https://chronicleweek.com/2018/09/carlos-alberto-de-oliveira-andrade-rewriting-history-brazilian-automobile-industry/



Gareth Henry the Math’s Geek

Gareth Henry studied Actuarial Mathematics in Scotland’s University of Edinburgh at 32 years of age. He later joined Watson Wyatt in 2000 at the department of management research for a couple of years. Afterward he worked Schroders a UK based firm as a product manager. In 2007 he left to Fortress Investment Group in US.

Here he was Head of International Relations then its Global Head of International Relations, Fortress Liquid Markets in 2014-2015. He was in the helm of raising capital in Africa, Europe and Middle East markets and was unparalleled in it. Through a lot of effort he built strong links in sovereign assets funds, pension and insurance companies.

Fortress founded in 1998 is a leading global investment manager with over 40 billion dollars worth of assets under management. The Institutional Investor Magazine named Fortress Investment Group as Credit-Focused Hedge Fund Firm of the Year in 2010 at its Annual Hedge Fund Industry Awards.

Gareth Henry was also recognized as the Institutional Investor Rising Star. In mid 2018 the company had 1000 employees with 71% being asset managers and the rest investment professionals. Its headquarters are in New York with associate offices around the world.

In 2014, as Brazil election were underway Gareth Henry in a conference stated that it had given rise to amazing trading opportunities. Brazilian equity markets and currency had been fantastically trading which Fortress thought would continue after the elections.

In 2016, Gareth Henry joined Angelo, Gordon & Co as it Global Head of Investor Relations. He put effort on ensuring excellent client service which cannot be ruled out by any global investment manager if it is to succeed.

The company founded in 1988 has its headquarters in New York and affiliate offices in Europe and Asia. Currently it manages around $20 billion worth of mainly in real estate, credit and private equity investments.

He worked directly with Garrett Walls when he began working at Angelo Gordon’s to focus on West Coast investors associations. He also was a partner in the company however he reported to Lawrence Schloss, Angelo Gordon president. He is certified actuary both in UK and US.



Revolutionizing the Virtual Asset Marketplace with Malcolm CasSelle

OPSkins is heralded as the global leader in the sale of in-game virtual assets and the leading merchant of bitcoins. Presently, there are hurdles regarding the technology potential of centralized technology which paves the way for the company to spearhead decentralizing the marketplace. With Malcolm CasSelle at the helm, OPSkins has launched WAX (Worldwide Asset eXchange) to foster P2P trading of virtual assets P2P through a blockchain. With WAX, buyers can tokenize their gaming assets and trade with other players without having to leave their screens.

More so, WAX Token removes geographical barriers by introducing a shared currency so users will not have to grapple with varying FOREX rates. WAX blockchain will also eradicate fraud and insecurities that come with the territory of virtual asset market. Malcolm is ecstatic about these developments and was quoted saying that WAX is set to “ignite the world of cryptocurrency” in its entirety. WAX is not only devoted to eliminating trading hurdles in the virtual asset marketplace but also delivering an exceptional user experience.

Malcolm CasSelle obtained a Bachelor’s degree in Computer Science from MIT followed by a Masters degree on the same from Stanford University. He is also proficient in Mandarin and Japanese. Before bringing his talents to WAX, Malcolm CasSelle served as the President and CTO of New Ventures at Tronc, Inc which was previously known as Tribune Publishing. He also worked at Digital Media of SeaChange International in the capacity of VP and General Manager. In 2015, he joined SeaChange International after the company successfully acquired Timeline Labs.

This MIT and Stanford alum has also dabbled in the digital startup industry tracing back to 1995 when he co-founded NetNoir. Over the span of his decorated entrepreneurial career, CasSelle helped to create and grow startups like Xfire and MediaPass. With a superior business acumen coupled with an infrequent gift of knowing where to put his money, Malcolm CasSelle is proud to have been an early-stage investor of Facebook. Seeing how the social network took the world by storm, this move must have paid off handsomely. There is no doubt that CasSelle will continue to rein and take the virtual asset industry to greater heights.

Find out more about Malcolm CasSelle: https://twitter.com/malcolmcasselle?lang=en



Tony Petrello Remains Dedicated to the Continued Development of the Neurological Research Institute at Texas Children’s Hospital.

The name Tony Petrello has become synonymous with Nabors Industries in the business world. He serves as both the president and CEO of the oil and natural gas company. Nabors is the owner of the world’s largest land-based drilling rig fleet. Tony Petrello joined Nabors nearly 30 years ago and has been a vital part of its leadership team throughout his tenure. He is largely responsible for the company’s current direction and expansion in recent years. With him at the helm the Nabors has become a juggernaut in oil drilling markets thanks to its innovative drilling technology. there may not be another company in the industry that can come close to the vast drilling services Nabors provides.

Tony Petrello is as passionate about philanthropy as he is about the work he does at Nabors. Tony Petrello’s charitable endeavors have garnered a lot of positive attention and praise. He has donated large amounts of cash in support of several charitable causes in his career. As a Texas resident he constantly shows his love for his community by giving back and helping others. He and his wife donated $5 million to help finance the development of the Neurological Research Institute at Texas Children’s Hospital. Though plentiful the donation was just an initial donation and they have already committed to giving an extra $2 million in the near future. The institute’s mission is to provide children suffering from debilitating neurological disorders with cutting edge treatment from prominent doctors and surgeons.

Tony Petrello Welcomes Tommy Tune Home To Houston. The institutes cause is very personal to Tony Petrello and his wife as their daughter suffers from a debilitating neurological disorder. their commitment to finding the best care for their daughter lead them to the Neurological Research Institute. The two have hope that the institute will find cure for neurological disorders in their daughter’s lifetime.

Read More: discoverorg.com/directory/person/anthony-petrello/5059691



Desiree Perez Becomes Power Player for Roc Nation

Desiree Perez is the one that is able to help Jay-Z lure many people to Roc Nation Sports and Roc Nation entertainment. She has something of a strong hand when it comes to creating a very likeable Roc Nation image.

It is Desiree Perez that has stated that everything is bigger at Roc Nation Sports. The amount of money that athletes are able to make on contract negotiations and celebrity endorsements are going to be bigger because she has stated that Roc Nation puts more into negotiating these contracts.

If there was anyone that knew if this was true Desiree Perez would be the person. She is the one that is helping negotiate these contracts. That is why she is able to speak so well on how these negotiations are going over. She has the insight to help those that are serious about becoming part of the Roc Nation family.

As a chief operating officer for Roc Nation there is a huge spectrum that Desiree Perez is connected to. When she has had her hand in helping contract negotiations with athletes she was often working with people that were already famous and bound for more success. With Roc Nation Sports this is an easier deal because athletes have already proven that they have the talent.

They are simply trying to get someone that has the clout to help them negotiate a good contract deal for the team that they’re going to.

By contrast, Roc Nation entertainment has picked up a lot of people in music that are relatively unknown. It is harder for them to get the bigger contract because there is not the same amount of fame attached to their name. This does not scare Perez though. She still feels just as confident with the representation of unknown artists.



Hussain Sajwani: The Forward-thinker

The Founder and Chairman of DAMAC Properties, Hussain Sajwani, attended the University of Washington were he garnered degrees in Economics and Industrial Engineering. His entrepreneurial career began in 1982, when, after spending two years working in the financial department at Abu Dhabi Gas Industries, he created a catering company that would go on to become Global Logistics Services. Today, Global Logistics Services delivers over $150,000 meals each day, in markets throughout the world, including the Commonwealth of Independent States, Africa, and the Middle East. In 2002, he launched DAMAC Properties, after identifying the sizable market potential of the region, and since that time, the company has grown at an exponential rate, extending its footprint throughout Abu Dhabi, Dubai, Doha, Beirut, Jeddah, London, and a number of other global cities. The track record of the astute businessman has been stellar since his initial foray into the world of entrepreneurship, and he recently participated in a Q & A session in order to discuss his many successes, as well as the processes that keep him ahead of the curve.

Hussain Sajwani attributes the inspiration to create DAMAC Properties to his time as a youth, in which he spent many of his after-school hours assisting his father in his entrepreneurial endeavors. The experiences of this period in his life helped to instill a growing desire to become an entrepreneur, while also helping to develop the traits needed for him to become the calculated thinker that he is known as today. On a typical day, Hussain Sajwani begins by initiating meetings with his direct management team, during which, he is given a rundown of the current state of his company, as well as updated on any new or potential developments. When attempting to bring his ideas to fruition, Mr. Sajwani often looks to the future, envisioning the status of Dubai, and other regions in which DAMAC Properties operates, while attempting to eliminate any fear of failure. Always the forward-thinker, Mr. Sajwani keeps a firm eye on the developing technologies of the time, and when assessing the current state of social media, considering its significant growth over the last decade, he sees it as a medium with unlimited potential.

More on Hussain Sajwani



Hussain Sajwani

Hussain Sajwani lives in Dubai as Chairman, CEO, and founder of a property development company called DAMAC Properties. He originally started the company back in 2002 and it currently serves as a residential, commercial, and leisure estate property group. This Emirati billionaire has been listed on the Forbes Top 10 Billionaires list as one of the Worlds Richest Arabs of 2017. DAMAC Properties was also listed number one on Forbes 2017 Global 2000 list.

Throughout Hussain’s successful journey over the years with DAMAC owner, it took off in 2013 and landed a spot on the London Stock Exchange. Before Hussain started DAMAC, he was luckily one of the first few students that received a U.S government scholarship. With that, he went on to study at the University of Washington and earned a Bachelors degree in Industrial Engineering and Economics. Now, Sajwani has involved DAMAC in numerous big investment opportunities. One of his major developments is called DAMAC Hills, which is a luxury golfing style community located in Dubailand. It is filled with many homes including:

  • Townhouses
  • Vilas
  • Mansions
  • Small luxury apartments
  • Retail outlets
  • Entertainment shops

Hussain Sajwani has also received the Property CEO of the Year from the CEO Awards in the Middle East back in 2017.

Most recently, Hussain’s company has announced the launch of their latest luxury development. Located in Business Bay, Reva Residences sits right off the canal and offers high-quality amenities. Since Business Bay is the center for all Dubai’s leisure and entertainment, Reva Residences will fit right on in. With exquisite two-bedroom apartments overlooking the canal, Reva Residences is just minutes away from fancy retail stores, waterparks, dining options and other entertainment stores.

Many of their amenities include:

  • 24-hour concierge
  • Steam and sauna room
  • State of the art gymnasium
  • Outdoor courtyard
  • Children play areas
  • Temperature-controlled swimming pools
  • Landscaped gardens

This elegant new project is now open to the public and is one of DAMAC’s most successful developments.




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