Category Archives: Finance Expert

The Contributions of Wes Edens

The idea of wealth creation is actualized through networking and teaming up with people whom you share goals with. This is what Wes Edens demonstrated during the formation of Fortress Investment Group. Wes teamed up with his colleagues from different companies he had worked with. The other two founders were Rob Kauffman and Randal Nardone.The objective of the company was to satisfy a market niche as an equity firm. This idea proved successful and the company upgraded to real estate investment, debt securities, and hedge funds. Under the guidance of Wes Edens and his colleagues, Fortress Investment Group has grown rapidly as the years have passed. From the year 1999 to 2006, the private equity funds of the company had netted 39.7%. Wes Edens was ranked the nine hundredth and sixty-seventh, richest person on earth by Forbes magazine. At that time, he had a net worth of 1.2 billion dollars.

He received a bachelor’s degree in finance and business administration from the Oregon State University. After completion of his bachelor’s, he kicked off his career at Lehman Brothers. From 1987 to 1993, he was a partner at Lehman Brothers. Wes Edens was also the managing director during the same period. He later joined BlackRock for four years. He was responsible for the private equity department. Managerial responsibilities at the company were under his jurisdiction. After this phase, Fortress Investment happened. His entrepreneurial skills would then come out in the open as the company they co-founded flourished. Fortress Investment Group was successful because the founders had previously worked together. The chemistry needed, was already existing.

Good leaders lead by example. Not all managers are leaders, but for Wes, he is both a leader and a manager. The success he has achieved motivates those around him to do better. Fortress Investment Group became the first publicly traded buyout firm in 2007. At the initial public offering at the New York Stock Exchange, eight per cent of the shares were sold at 600 million dollars. Wes Edens became a paper billionaire in 2006 after a Japanese company bought 17 % of the shares at 888 million dollars. In 2009, he became the Co-Chairman of the board at Fortress Investment. He was behind the acquisition of Springleaf Financial by Fortress Investment.Wes has also invested in a sports team. He owns the NBA franchise, Milwaukee Bucks, Wisconsin. He has prospects in professional video gaming. Fly Quest, a league of legends team, is owned by Edens.

MICHAEL BURWELL:THE MOST PROMINENT BUSINESSMAN

 

Mike Burwell serves as a Chief Officer of Finance in Willis Watson Towers. He worked at Pricewaterhouse Coopers for thirty-one years before coming to Willis Towers. While Mike was at Pricewaterhouse, he worked for a total of eleven years in the practice of assurance serving under advisory services for business. Mike was chosen as a partner in 1997 and proceeded to transact business in PwC’s Detroit.

 

During his time at Detroit, Burwell was very successful, and he was told to control all the administrative activities of PwC’s business. Mike Burwell was named the Chief Officer for Operations and Chief Officer of Finance in PwC’s business. Later on, Burwell was appointed the Vice Chairman of the United States and Global Transformation. He assisted in expanding and building the internally shared administrations for PwC’s.

 

Willis Watson Towers is the chief broking, solutions and global advisory organization that enables customers over the globe create a growth path for risks. Willis Towers Watson has forty thousand workers serving over a hundred and forty nations. The company deliver and design solutions that optimize benefits, cultivate talent, manage risks and extend capitals power.

 

Mike Burwell is a certified accountant, and he graduated from the University of Michigan with a Business Administration Bachelor’s degree. Michael Burwell was recognized as the most astounding Alumnus of the University of Michigan in 2010. Burwell says that his regular day begins at 5.00 am, and he always attempts to consider the tasks he requires completed before the day is over. Before Burwell starts a month or a week, he reflects on how he wants it to be and what to accomplish eventually.

 

Burwell believes that individuals he works with have excellent ideas. He tries as much as possible to give the ideas a best possible evaluation and light so that they can stay alive and efficiently executed. Mike is much excited by Insure Tech trends, ideas which are incredibly intriguing that begin in the marketplace of B to C.

 

Mike’s attitude is based on how to use little resources to accomplish more. He believes that technological innovation makes extraordinary individuals significantly productive. Mike Burwell is sure that the growth of micro-communities will continue and there will be a technological innovation to help them.

 

Burwell recommends that it is proper to come up with a reliable network and always try to listen more. He believes that everybody is in possession of something precious and the best thing to do is to look to them and know what they can offer. Mike loves flip board software, he finds it extremely helpful and provides real-time content.

 

 

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