Posts in Category: Business News

Bruce Levenson Takes on AIG

The former owners of Atlanta Hawks Basketball and Entertainment LLC, have filed a lawsuit against the New Hampshire Insurance Company. The former owners are claiming breach of contract of the settlement made by Danny Ferry, the former general manager of the insurance company.

The former ownership group (AHBE) is led by the controlling partner, Bruce Levenson. This lawsuit only involves the former owners, not the current owners led by Tony Ressler. According to AHBE, they came to an agreement with Danny Ferry about a triggered policy in 2014. Since then, the insurance company, described as AIG, has refused to payout.

The lawsuit was filed on September 13, and it is a civil lawsuit claiming breach of contract and insurance bad faith. According to AHBE’s testimony, their policy offered coverage of certain losses pertaining to employment practices. These practices could include, but did not singularly specify, acts of “wrongful termination” and “workplace torts.”

In a report by Time, to further prove their side of the story, AHBE provided the court with documents showing that they notified AIG of their agreed upon settlement with Danny Ferry on April 2, 2015. That June, Ferry and AHBE reached an undisclosed buyout agreement.

Despite all the evidence against them, AIG maintains that no policy had been triggered. They continue to state that no policy was triggered and no claim was made. AIG also refuses to participate in the defense of its claims or accept coverage. It’s becoming increasingly clear that AIG refusal to participate will be its downfall.

As for the leader of the former ownership group, Bruce Levenson, his career path is just opening up. He’s the co-founder of United Communications Group. He’s also a philanthropist and supports many organizations. He’s even on the Board of Directors at TechTarget.

Source: https://en.wikipedia.org/wiki/Bruce_Levenson

 

A Boost For Modern Business

Known as a powerful accelerator for business, Meriwether Group addresses entpreneurial ventures and assists startups on their journey to success. Providing a full service approach from soup to nuts, the company is able to tackle even the most challenging objectives. The company is divided into Service Groups as follows:

  • Accelerators
  • Capital Partners
  • Strategic Options Advisory
  • Family Office

The Accelerator Services take things to the next level, by providing the most in depth consulting available. From Branding to Strategic planning and everything in between, they are sure to rise to the occasion, providing a blueprint to success. While many startups and small businesses have been clients, the list includes companies such as Proctor and Gamble and Starbuck’s. Having CEO David Howitt at the helm is another added benefit. Considered one of the top business leaders by Portland Business Journal, and having such a diverse background including legal studies and an entrepreneur himself; Howitt the experience and acumen necessarily in today’s market. This company is certainly one you should keep your eyes on, they are doing great things for businesses of all types.

More information on Merriweather Group can be found at thier website, https://meriweathergroup.com.

Getting To Know Anthony (Tony) Petrello

When it comes to the drilling of oil and gas, Nabor Industries have proven to the masters of this art. To be the company they are, Nabor Industries have surrounded themselves with the best management. Among the people leading the Nabor Industries is Anthony (Tony) Petrello and he serves as the president, chairman of the board and as the chief executive officer of the company.

He is currently based in Houston, Texas and he lives with his wife and his daughter. His parents are of Italian descent, and he was raised in a middle-class family. He, however, beat the odds and has become one of the best-paid CEO of modern times.

Tony has been with Nabors Board since the year 1991 where he has held different positions. Some other positions that he has held with this firm include the president and chief operating officer, a position he took in the year 1991 up to 2011. He has been the deputy chairman since the year 2003. For the position of president and chief executive officer, he was appointed in the year 2011. He then became the chairman of the board one year later. Tony has worked with other companies prior to joining Nabor Industries.

But what are some of his major roles with Nabor Industries? Well, some of his major roles include the provision of strategic planning initiative with the firm as well as the provision of direction. This, in the long run, helps the company adapt and at the same time become dynamic in these hard economic. Before he started working with Nabor Industries, Tony used to work with the Baker and McKenzie Law Firm. He was with this law firm for 11 years, and his main responsibilities included taxation, international arbitration, and corporate law. He has also held the position of managing partner at the same firm but with their New York office. He held this position from 1986 to 1991 when he resigned to join Nabor Industries.

His experience coupled with a good educational background makes him the top CEO he is. He is a graduate of Harvard School of Law and Yale University where he specialized in Mathematics. Other than business, Tony is also involved in some philanthropic works. For instance, he serves as board member of the Texas Children Hospital. Tony Petrello helps with the research of neurological disorders concerning little children. Tony also serves on the board of Stewart and Stevenson Company as well as Hilcorp Energy Company.

Source: http://people.equilar.com/bio/anthony-petrello-nbr/salary/503049#.WFgTQSMrJNQ

Jason Halpern Has Succeeded at the Family Business

Jason Halpern was the successor for the family business, JMH Developments. He was handed the business and he was expected to work very hard during the time that he was working for the business. He did this and he was able to do even more as he made his decisions for the company.

jason-halpern-arms-crossed

New York City can be a hard place to be any type of real estate professional and even harder to be a real estate developer. Jason Halpern has succeeded at that and has gone far above the expectations that were set for him. This has allowed him the chance to make things better in New York City and to increase the business that he has in the city. He works hard to be able to do more in New York City than any other developer. This has paid off for him and his company.

jason-halpern-and-friends

Along with properties that Jason Halpern has in New York City, he also has properties in New York state. These are different than the ones in New York City because they are not as close together and they do not net as much profit for each one. That means that he needs to have many more of these to be able to have the same amount of capital as what he has in the properties in New York City. He knows that he can succeed with these properties, though, and he always makes sure that he does that in the area that he is in.

jason-halpern-family

Not only does Jason Halpern work in New York City and New York state, he also works in the different areas around the country. He works in Miami and the Florida areas so that he can do more for the real estate development in those areas. He wants to make sure that he is doing the most that he can in the areas that he is in. To be able to do this, he works hard to make real estate decisions in the areas that he is in. He always wants to make sure that he is doing things that are right.

jason-halpern-thomas-juul-hansen

While JMH, Jason Halpern’s company is a huge one, he wants to expand even further. He wants to be prominent in every city around the United States so that he can offer development opportunities to everyone who wants them. He knows that it is important that people get what they want out of their developments and he does a lot so that will happen. He works hard to do different things when it comes to the real estate development industry. He has been able to do much more in the time that he has been working and plans to do even more for the company.

aloft-and-jason-halpern

James Dondero Appointed To The Southern Medical University’s Executive Board

James Dondero is the newest non-academic appointee to the Southern Methodist University’s Cox School of Business board of executives. He joins 100 other members of the council that convene every winter, fall, and spring to deliberate on the business school’s strategy. He nevertheless, isn’t the only non-academic board executive as the School’s board members are individuals from different walks who have previously or continuously expressed interest in the university operations or supported its endeavors in one way or the other.

By joining the board, James will only be expanding and solidifying his already strong and commitment to SMU that includes the support of the George W. Bush Presidential Library and Museum as well as the Highland Capital Tower Scholars endowment project. Accepting his appointment, James acknowledged the University’s continued role in Dallas as well as in Highland Capital’s advancements. He also expressed his honor in assisting in the University’s initiatives that are currently underway.

The Cox business school was established in1920 in Dallas on the SMU campus and named after Edwin Cox. Like most other business schools around the country, Cox offers a full range of both graduate and undergraduate business courses while remaining an academic center of excellence.

About James Dondero
James is an accomplished entrepreneur, the co-founder, and president of the Highland Capital Management. He has close to three decades of active experience in the alternative investment industry that he used to start and successfully run the nationally acclaimed Highland Capital hedge fund. Under his leadership, Highland Capital has grown from an idea to a successful equity firm with over $16 billion in managed assets. The hedge fund has also expanded its operations to regional markets by opening up offices in China and Latin America.

The recent board appointment to SMU also adds up to the number of boards he sits in different industries. For instance, Dondero is the chairman of the board for NexPoint Residential Trust, NexBank, and Cornerstone Healthcare. He also sits on several other boards for financial and non-financial corporations such as the Jernigan Capital as well as MGM studios. He is, therefore, all too familiar with board operations and will be bringing this expertise to the SMU’s board.

More on James Dondero:

BIO

http://www.businesswire.com/news/home/20160608006430/en/James-Dondero-Teams-Dallas-Civic-Leader-Linda

James Dondero

John Goullet Changes the Information and Technology Industry

Getting a job in the modern times is not an easy task. Many people are doing whatever they can just to secure a reliable job in the market. However, individuals like John Goullet are working hard to succeed in life and create employment opportunities for other people. John Goullet is a successful entrepreneur, and he has done a lot to build a strong empire. His hard work, dedication, and way of operation have made him one of the most influential individuals in the information technology industry. He is currently a principal at Diversant. Under his leadership, the company has become one of the respected players in the IT staffing department.

Job creation has never been a complicated task, but individuals who are business minded like John Goullet have been able to accomplish so much in the market. John understands the information technology industry perfectly, and he is able to network and develop businesses in the industry.

After completing his education, Goullet decided to join the ever-changing technology department. He first became an IT consultant before changing into the staffing industry. He started a company known as Info Technologies to offer information technology staffing services to the medium sized companies. The company did very well thanks to his extraordinary skills. In less than five years, the organization was recognized in several platforms as one of the fastest growing enterprises that were privately held. The company earned the entrepreneur a lot of revenue too. He, however, decided to sell the institution to Diversant several years ago.

After selling his company to Diversant, John Goullet was nominated to become the principal of the organization. The organization has changed the information and technology world in several ways. Since it is committed to serving the consumers, the institution has managed to come up with several strategies to ensure that the client is always satisfied. The company has done very well too because of offering diversity, a rare feature in the competitive modern market. The institution is able to recruit IT experts, carefully organize them, train them for the competitive ICT market then link them to some of the best employers in the globe.

Adam Goldenberg’s Company Became The Target Of Many Venture Capital Investors

JustFab has disrupted the fashion landscape with the way it does business, and it’s become an attractive company for venture capital suppliers to invest in. The company was founded by Adam Goldenberg and Don Ressler back in 2010, an idea of theirs to shake their Intelligent Beauty company up just a little bit, and it’s become a brand that’s got its name out without much advertising. The apparel they produce is very trendy but affordable compared to most of its competitors on Brandettes, and to this day the company has raised over $300 million in venture funds from many capital suppliers including Matrix Partners, Crosscut Ventures, Passport Capital, and others.

But the real story is the man behind the company, Adam Goldenberg who was an entrepreneur from an early age. When he was 15, he started up Gamer’s Alliance, a company that created an advertising network of video game sites. The digital media company Intermix Media bought Goldenberg’s company, and asked him to join their company. Goldenberg traveled across the country to Los Angeles where he became the youngest chief operating officer on any public traded company while working for Intermix Media. And Adam Goldenberg met Don Ressler who was a savvy brand consultant and had started up FitnessHeaven.com. The two became friends and helped build several startup at their company.

NewsCorp bought out Intermix Media in 2005, and soon Goldenberg and Ressler left after seeing where the company was going. They started out several other companies under a parent company called Intelligent Beauty, and those companies included Dermstore, Sensa, and Brentwood Cosmetics. They soon began to feel the fashion industry beckoned them, so they pulled together ideas from various employees to startup JustFab. Source: http://www.businessinsider.com/justfab-becomes-techstyle-fashion-group-2016-8

Goldenberg and Ressler didn’t really know much about fashion, but they got connected with the right people. They used social media as the chief platform for getting the word out, and it paid off handsomely when supermodel Kimora Lee Simmons joined the team and brought millions of twitter followers with her. The company took off when Adam Goldenberg and Ressler built a subscription model into it that had various membership benefits. After JustFab received its initial rounds of venture capital, it started opening up local stores where customers could see the apparel in person, and growing operations to countries overseas. It also started up Fabkids, Fabmen, Fabshoes and its Fabletics brand which actors Oliver and Kate Hudson decided to endorse.

Recruitment Process at Chopper Trading Company

It is not all the time that the employees of companies get the chance to enjoy the privileges of after work free relaxation time within their workplace. Not all companies carry out a vigorous process of picking the highly qualified staff. At Chopper trading company, owned and founded by Raj Fernando, the process of acquiring employees is unique as there are many factors considered. Chopper Trading Company’s process of hiring workers is the exact opposite of its competitors. The process here is lengthy and aims at acquiring employees who will add value to the firm.

The initial step of getting employees at chopper trading is thorough. It starts by showing the employees the vacancy that is available for them. The company calls the policy “Painting the Picture.’ Here the recruitment team of the company attends the various job fairs. The team comprises, Raj himself, traders, recruiters, top executives, and programmers. After this, the company takes its time in laying out its objectives to the interested employees and the key factors the company is looking for in the employees.

Raj appreciates when people talk during the interview because the interview stage is the backbone of the process of getting the right employees. He also believes that the employees should work at Chopper Trading only if they had a dream of working in a company with similar dealings.

About Raj Fernando

Fernando was born in Denmark in 1971. Fernando migrated to The United States of America and joined Beloit College where he graduated with a bachelor’s degree in economics and history. Before successfully creating Chopper trading in 2002, he had worked at Chicago Mercantile Exchange from 1991 to 2001.

Fernando named the company after his favorite pet. Raj has funded many great political personalities like the current outgoing president of the United States of America, Barack Obama.

James Dondero adds a new member to his team

James Dondero, the co-founder of Highland Capital Management has teamed up with civic leader, Linda Owen. This joining of the two will help expand the philanthropic activities throughout the Dallas, Texas area.

Highland Capital donates over 3 million annually to charities. Those charities are given through The Dallas Foundation, which helps veterans, healthcare projects and education. With James and Linda working together, they see the future bright for the foundation and its charitable causes.

James Dondero started Highland Capital Management with co-founder, Mark Okada, in 1993. This company has become one of the most experienced and largest growing companies of its kind. Its headquarters is located in Dallas and other branches are scattered throughout the world.

James started his career as an analyst with Morgan Guaranty training program after graduating from the University of Virginia with majors in accounting and finances.

James Dondero is a true example how giving back to the community is the right thing to do and his employees at Highland Capital also follow his lead in giving their time to help charitable benefits that go on throughout their communities.

With Dondero and Linda Owen working together, everyone involved feels the future of the charity and foundation activities will be the best it’s ever been.

Highland Capital Management and Dondero knows that finding ways to improve their philanthropic projects and bringing people like Linda Owen on board will be a huge plus for all involved.

Talk Fusion Achieves Greatness in 2016

Recently, Bob Reina, Founder and CEO of Talk Fusion was on ABC Action News talking about his company Talk Fusion. This communications industry leader was sharing more information about how it all-one-one video solution is changing the way business is conducted.  Reina was focused on developing a more personal way to stay in touch and the Talk Fusion company was born.

Talk Fusion, a marketing and communications company is now celebrating their ninth year in the communications marketplace. The product behind the scenes is the all-in-one video solution developed by Reina. The total package is marketed as the one solution that any individual or business can use to communicate with others face-to-face without the need for expensive travel. When the economy began to collapse in 2007 many companies began to look at their budget in order to determine what cuts were the easiest to make. One of the first cuts was to limit travel. This is where video conferencing is a big deal for Talk Fusion.

Companies are now using video in newsletters as well as video for their standard email campaigns. The more personal touch is just what the world needs in Reina’s opinion. The bigger the personal connection the more likely it is to do business with someone. This is why video chat is also used on a frequent basis by Talk Fusion customers. Live meetings and signup forms are also enhanced by this area of video communications. Download the free app here.

His way of overcoming this was to create the product himself! You can learn more about Reina and his company Talk Fusion by following this link http://www.abcactionnews.com/morning-blend/talk-fusion

More News on Talk Fusion:

http://www.bbb.org/west-florida/business-reviews/video-conferencing-services/talk-fusion-in-brandon-fl-90033972