Fortress Investment Group: Growing a Financial Company

Fortress Investment Group is a New York City-based investment management firm which was established in 1998 by businessmen and entrepreneurs Randal Nardone, Rob Kauffman, and Wesley Edens. The investment management firm debuted at the New York Stock Exchange (NYSE) in February 2009, and the company was recognized as the first gigantic private equity firm in America to be publicly traded. Today, the Fortress Investment Group is actively managing a lot of investments and assets, amounting to more than $70 billion. It includes assets in private equities, credit funds, and hedge funds. Since the company’s establishment in 1998, it has undergone several changes, and they are pursuing to still become one of the best investment management firms in the United States.

When conceptualizing about the next firm that they will be introducing to the public, the group of three businessmen – Randal Nardone, Rob Kauffman, and Wesley Edens – thought that putting up an investment management firm would be the best idea for a business. The three founders of the Fortress Investment Group had previous experiences with the financial sector, is a former partner and a managing director at the Blackrock Financial Management, Inc. The founders of the company realized that putting up their own business would yield more profits for them, and so they went on to their journey and founded the Fortress Investment Group in 1998.

After its introduction to the public, information about the investment management firm quickly spread, and their investments and assets grew tremendously. The value of the company’s private equity fund has reached an all-time high of 39.7%, and many experts agree that the company will soar higher under the management of its founders. During the 2008-2009 financial crises, the Fortress Investment Group experienced a little issue with their revenue, and they had to cut expenses and to think of a more dynamic approach to the economic recession that is being experienced by so many countries, and his Linkedin.

The recession ended after 2009, and the Fortress Investment Group is slowly getting back on track. They received several awards in the 2010s decade, including the Hedge Fund Manager of the Year award that was given by the Institutional Investor. He was also given the Management Firm of the Year award, and HFMWeek gave it. Aside from the major awards, the Fortress Investment Group is also receiving minor recognition for their excellence in keeping the company intact despite the threats from external occurrences, and what Fortress Investment Group knows.

In 2010, the company was involved in an issue concerning the construction of the athlete’s village for the 2010 Vancouver Olympics. The company was on a brink of bankruptcy when the Olympics are just a few months away. Fortress Investment Group was named as the main lender to the Millennium Development Group, but the company had declared bankruptcy, and there are no ways on how they can provide the money to create the athlete’s village. The government of Vancouver stepped in and paid the contractor the money that they wanted. The athlete’s village was completed just before the Olympics, and the whole property now belonged to the Fortress Investment Group, and read full article.

New Services Matches Families And Children

A couple in Boca Raton has developed a service for families wishing to adopt. It is a lot like the dating website Eharmony. The name of the service is Family-Match. It connects the hundreds of children looking for families to prospective parents.

It matches families based on common values and interests. Chris Johnson is a pastor who has adopted seven children. Five of the children were adopted as teenagers. He thinks that the Family-Match service is a great idea. Children can find families who love what they love. Both the children and families will have an easier time finding the right matches.

Adoptive families are typically matched based on gender, age and ethnicity. Prospective parents are shown pictures of children who are looking for adoption. Elizabeth Wynter is the executive director of Selfless Love Foundation, which is one of the organizations that helped create Family-Match.

Parents who have been approved for adoption will fill out a questionnaire about their parenting style, interests, expectations and personalities. Foster parents, caseworkers and therapists will fill out similar forms for the children. The children are between the ages of 4 and 17.

This program is available for people who are in the state of Florida. Thea Ramirez is the founder of Adoption-Share, which is another program that helps people match children and families. She felt compelled to do something when she saw a 15-year-old boy named Davion on television begging for someone to adopt him.

Thea knew that there had to be a better way to pair children and families. Davion was adopted in 2015. Ashley and Ed Brown are the couple who helped launch Family-Match. Ashley knows firsthand what it is like for a child to feel unwanted because she was adopted. She stated that she felt compelled to help other people because she had wonderful parents.

Ohio Woman Finds Her Family

Mary Sullivan was forced to leave her newborn behind in the 1950s. She left her daughter with a Catholic church. The church ended up selling the baby to a family in the United States.

Mary’s daughter, Kathleen, was born in Dublin, Ireland. The Catholic church had a built a home that housed unwed mothers. After the women gave birth, they were separated from their children. The children are also given up for adoption without the mother’s consent. Mary came to the home in 1953 after she got pregnant out of wedlock. She gave birth the following year.

Kathleen was sent to America because the Catholic church felt that she would have a better life. However, Kathleen had a life that was filled with isolation and loneliness. She found out that she had been adopted when she was young. She felt distraught because she believed that her birth mother did not want her.

Kathleen did not feel like she fit in with her adopted family. Her father always referred to her as an adopted daughter. Kathleen asked her father on his death bed whether he really wanted her. He told her that he did not want her.

Kathleen had a hard life, but she was eventually able to marry and start her own family. She did not feel like she was a part of a family until she had her own family. Kathleen was still determined to find someone who was a part of her mother’s family. She found out that she had a cousin named Maureen Sullivan. They are first cousins.

Kathleen also found out that she had five siblings. She is hoping that she will eventually be able to meet them. Kathleen and Maureen talk on the phone once a week and plan to meet face-to-face soon.

Michael Burwell: Newest Addition To The Powerhouse

Willis Towers Watson, operating since 1828, is one of the largest financial institutions on the planet. For more than 200 years, the company steadily chooses individuals who will contribute a lot to the company. One of the most recent individuals to join them is Michael Burwell, who has been appointed to become the chief financial officer of the company. As a CFO, he is tasked to oversee the financial status of the company, and several business decisions have been left for him to decide. Michael Burwell stated that he would be doing his best to continue the company’s expansion internationally, and he stated that the support from the company’s senior executives would be helping him a lot.

 

Michael Burwell will be replacing Roger Millay, the former CFO of the Willis Towers Watson who retired from October 2017. The senior executives at the company are expecting a lot from him because of his excellent background in managing previous companies where he was a part of. Before joining the Willis Towers Watson group, he was working with other financial institutions serving a variety of positions.

 

For more than 30 years, Michael Burwell acquired knowledge and skills in his chosen field, and it is one of the reasons why he was selected to serve the position. Many individuals have tried out for the job, but he was the one who rose above the rest.

 

The CEO of Willis Towers Watson, John Haley, is excited to work with Michael Burwell. He stated that their new CFO would be a great addition to the company’s powerhouse, and he is expecting a lot from Michal Burwell. He also said that the senior officers at the company would be giving him all of the assistance that he deserves, and they will further train him so that he will be able to perform well. Michael Burwell thanked all of the senior officials at the company who wanted to help him out, and he said that he would be doing his best for their growth and success. View Additional Info Here.

 

Today, the Willis Towers Watson is considered as a powerhouse when it comes to financial and investment services and solutions given to the public. They have grown to include more than 140 locations around the world, and they are presently employing 40,000 people. The company was also distinguished as one of the largest private employers in the United States, being able to provide jobs to thousands of Americans who need to work and earn a living.

 

Visit: https://www.willistowerswatson.com/en/press/2017/08/Willis-Towers-Watson-announces-new-Chief-Financial-Officer

South Korean Adoptee And Her Sister Went To The Olympics And Played On Different Hockey Teams

The Olympic Games in South Korea are over, but the stories coming out of the Olympics are just beginning. Stories about the winners and losers are a big part of the international event, but the personal stories hit most people right in the soft area of their soul during, and after the Olympics are over.

Marissa Brant went to South Korea to play for the South Korean hockey team, and her sister, Hannah, went to play for the United States hockey team. Marissa is one of the children adopted during the 1980s massive Korean international adoption program. More than 200,000 South Korean babies went up for adoption due to several social issues. Poverty was the main issue.

Other stories of adoptees going to the Olympics to cheer for their favorite athletes bring the scope of the 1980s South Korea adoption program into focus. Adoptees like Matt Galbraith and his biological brother were five when they were part of the adoption program. They were there to see their biological mother and family again. The boys met her for the first time in 2009.

There is always a chance international adoptees will have issues in another culture. Racial and social issues play a role psychological uncertainty. But the South Korean adoptees are not in that category. Getting a chance to play in the Olympics is the goal for most young, active people is the dream of a lifetime. To be able to participate in their favorite sport and then have a chance to reunite with their biological family and intense culture is the thrill of a lifetime. Their “can’t get any better meter” goes crazy. And to add more amazingness to the experience, the women’s United States Hockey got the gold medal. The South Korea team didn’t win a medal, but that didn’t stop Marissa from celebrating with her sister.

There were a lot of winners at the Olympics, but the biggest winners may be the adoptees who got a chance to visit with their families again. There’s no doubt. A South Korean Barbeque and Kimchi party was part of the visit.

Campaign Finance Reforms Courtesy Of End Citizens United

End Citizens United (ECU) is an American Public Action Committee organization founded in 2015 with the sole aim of reforming politics. Tiffany Muller is the president of ECU whose headquarters are in the District of Columbia. Their primary focus is against corporate influence of Public Action Committees (PACs) and does not endorse candidates who accept such funding but those against it and with a commitment to campaign finance reform.

ECU is in the process of trying to counter the ruling made in 2010 by the US Supreme Court in Citizens United v. Federal Election Commission, which relaxed the limits for self-determining expenditure for groups endorsing for or against given candidates. ECU has over 3 million members and is funded by small donors where members contribute an average of $14. In 2016, they helped in the election of 65 Congress members, 16 new US Representatives, and three new US Senators.

Currently, they are seeking to fund their $35 million 2018 election cycle budget having raised $7.5 in grassroots donations by 2017. Their notable proponents have been Jon Ossof, Hillary Clinton, and Elizabeth Warren. They were instrumental in the election of senators Catherine Cortez Masto and Maggie Hassan where they spent over $4.4 million for both of them. Their bid is ending the effect of Big Money to fund politics, rigging, the election of campaign finance reformers, putting new mechanisms for passing state ballot measures, and airing the issue to the national level.

ECU has aired its support for Democrat Conor Lamb for the 18th Congressional District in Pennsylvania. He is the only contestant who has refused to accept PAC from corporate groups, a fact that lines well with ECU mission. He is seeking to unite both sides for the best interest of all people.

ECU has the Big Money 20 campaign that is aimed at removing incumbent politicians who are involved in unethical matters such special interests in big oil, drug companies, rigging the system or Wall Street. The 2018 campaign seeks to defeat senators Dean Heller of Nevada, Ted Cruz of Texas, speaker Paul Ryan (WI-01), as well as Representatives Mimi Walters (CA-45), Dana Rohrabacher (CA-48), Daniel Issa (CA-49), Duncan Hunter (CA-50), Mike Coffman (C0-06), and Rod Blum (AI-01). Others include Representatives Peter Roskam (IL-06), Mike Bost (IL-12), Mike Bishop (IL-08), Erik Paulsen (MN-03), Robert Pittenger (NC-09), Tom MacArthur (NJ-03), Claudia Tenney (NY-22), Ryan Costello (PA-06), and Ted Hurd (TX-23).

The effects of the Big Money 20 has hurt the constituents where they have pocketed $11.7 million between themselves mostly from special interest groups. This will likely raise taxes on the middle class even as 17 of the Big Money 20 voted to raise tax for those who earn less than $100,000 annually. They have received over $13.3 million from Wall Street and vote out regulations protecting customers from predatory practices.

Find more about End Citizens United: https://www.fec.gov/data/committee/C00573261/

New Adoption Fee Can Make It Hard To Adopt

It is getting harder for families to adopt. The United States Department of State just added a $500 fee to intercountry adoption. The Intercountry Adoption Accreditation and the Council on Accreditation decided to add the fee. They stated that the fee will have a positive long-term effect on children and families.

However, Bethany Christian Services is concerned about the effects that this fee will have. They believe that it will have a negative effect on the children and families who want to adopt. Kris Faase is one of the people who works for Bethany Christian Services. He stated that everyone is concerned about the welfare of the children. They want to make sure that the children will be properly taken care of. They also want to make sure that the children are not being trafficked.

However, Kris is concerned that fewer people will be able to adopt because of the fee. It is already expensive to adopt a child. In fact, it can cost over $40,000 to adopt a child. Many families have to wait years before they can complete their adoption. If someone decides to adopt a child overseas, then this process can take even longer.

Kris stated that everyone who wants to adopt a child from another country has to fill out an application. They also have to make sure that they meet the standards that are set by that country. Intercountry adoptions are on the decline. Millions of children around the world are in need of a home. However, the rising adoption fees are preventing people from adopting children.

Kris encourages people who want to adopt a child to continue with the process. They also encourage people to contact their local senator or representative and express their concern about the fee.

Reinventing Employee Compensation with Jeremy Goldstein

Jeremy L. Goldstein founded his own boutique law firm Jeremy L. Goldstein & Associates in New York City. He specializes in employee compensation and has more than 15 years of legal expertise. He was an associate for Shearman & Sterling LLP and a partner for Wachtell, Lipton, Rose & Katz. He attended Cornell University and earned his bachelor’s in art history and the University of Chicago where he obtained his master’s in art history. He also attended the New York University School of Law where he received his Juris Doctorate in Law.

 

Furthermore, Jeremy Goldstein offers his legal services to prominent companies, including Verizon, Chevron and AT&T. He has assisted Duke Energy and Merck with legal advice as well. He is affiliated with the Mergers & Acquisition Subcommittee of the American Bar Association Business Section and the Professional Advisory Board for the NYU Journal of Law and Business. He supports the Make-A-Wish Foundation and Fountain House. He cares about his community and is helping men and women that are recovering from mental health conditions.

 

Jeremy Goldstein talks about corporate governance in a blog titled “Jeremy Goldstein Explains How Knockout Options Help Employers.” This article is based on his presentation to the ACI Compensation Committee in 2016. In this blog, he explains the discontinuation of stock options to employees by employers. He examines the reasons why employers do not offer stocks anymore. He claims that decreasing stock values do not help employees with stocks and that they prefer higher wages instead. He also believes that stocks are additional work for companies and more expensive than increasing pay. He discusses the advantages of offering stocks to employees and believe they provide value.

 

Jeremy Goldstein claims that the knockout option is a plan that employers can implement to offer employees stocks. The knockout option will require the same investment terms and when the stock drops in value the employee can cancel it. This option will eliminate accounting and gives the company a better reputation due to lowered executive compensation figures. He wrote the “Shareholder Activism and Executive Compensation” where he examines compensation for company executives. He believes that companies should incorporate long-term performance strategies into determining pay. He thinks that companies should initiate standards that are proactive.

 

Jeremy Goldstein is a major contributor to employee compensation. He invents new employment strategies that have help companies retain employees and remain productive. Learn more: https://www.slideshare.net/JeremyGoldstein14/22nd-annual-naspp-presentation-2014

 

Florida Adopts Online Dating Technology to Connect Foster Kids with New Families

Family-Match is a Florida-based adoption service that specializes in connecting older “harder-to-adopt” children with prospective pre-screened foster parents. What differentiates this adoption service from the litany of others is their integration of cutting edge social compatibility technology used in online dating to help the State’s more than 800 children in foster care.

This innovative system of adoption utilizes a combination of sophisticated algorithms, social psychology and artificial intelligence that emphasizes compatibility, not availability. Family-Match’s lead developer, Gian Gonzaga, former head of research and development at the popular online dating company e-Harmony, brought his expertise of data science and matching systems to Family-Match and applied it to connecting foster children with potential parents.

For more in-depth coverage on Family-Match, click here.

Family-Match works by having prospective foster parents fill out detailed questionnaires about interests, parenting style and personality. Foster kids, along with case or social workers, fill out similar questionnaires and are matched based on a series of highly advanced computer calculations.

The system focuses on children ages 4 to 17 years old since most foster parents prefer adopting babies and younger children. Research shows that children that ”age out” of foster care, by turning 18 years old without being adopted, are at an particularly high risk of becoming homeless.

Another advantage of this recently launched adoption program is it is able to merge databases of all the foster children in Florida, along with all the State’s potential foster parents, increasing the likelihood of a positive match. In the past, hopeful parents were basically limited to a pool of foster children in their own local communities.

The Selfless Love Foundation and Adoption-Share are the two non-profit organizations backing Family-Match. The Selfless Love Foundation includes major contributions from professional racecar driver Ed Brown as well as CEO and founder of Patron Tequila, John Paul DeJoria and his wife Ashley, who was herself adopted as a child.

48-Year-Old Man Adopted

Tim Bowers is a 48-year-old grandfather. He was recently legally adopted by the Devrick family. In 1984, June and Ron Devrick were raising their two children in a small town in West Virginia. June was a cook, and Ron was a corporate controller.

During this same time, Tim was 14-years-old and essentially raising himself. He was one of eight children. However, his mother was unable to care for her children because she was a drug addict. Tim did not know who his father was. His stepfather did not help much. June would see Tim on the bench on the way to work.

The school’s basketball coach would tell June about Tim’s situation. She decided to let Tim go home with her, and he has been a part of the family ever since. Two of June and Ron’s children were teenagers at the time. They knew that bringing another teen in the house would put a drain on their budget. However, the family decided that the sacrifice would be worth it.

Tim fit in with the Devrick family. No legal action was taken, and Tim’s mother never asked for him back. Tim thrived in the Devrick household. He graduated from high school, spent two years in college and joined the Marine Corps.

Tim eventually married and had a family of his own life. However, he still remained connected to the Devrick family. Even though Tim was grown with his own family, the Devrick thought it was important to legally adopt him. Ron and June stated that having the adoption on paper solidified the bond that the family already had. Ron jokingly stated that Tim is stuck with them now.