In the corporate sector in the United States, one of the most accomplished executives currently is Tony Petrello, the CEO of Nabors Industries. Nabors Industries is a company that deals with oil and natural gas drilling. It is currently the largest land-based drilling form in the world. The company was never the top company in the past; it is through the work of Tony Petrello that it has gotten to these heights. Tony has been part of the company since 1991. Clearly. Over the past two decades, he has been working in this firm. From day one, he was given the prime position of the Chief Operating Officer in the company meaning that he had a say in how the operations of the company were managed. Tony had been brought in by the management to help with one significant thing- to develop the company.
One of the ways that he accomplished this goal was by arranging the operations of the company such that everyone in the company was working towards a certain target. Tony also suggested to the management a number of measures to expand business operations amongst them acquisition of other small companies in the drilling industry. Some of the decisions he took as the COO are the reason the company has accomplished so much today.
Tony Petrello currently lives in Texas where the headquarters of Nabors Industries is located. He, however, was born in New Jersey, in a town made up of the working class known as Newark. Tony Petrello was inspired by the way people of Newark were living while he was growing up. In fact, most of the lessons he applies today are from the teachings in Newark. The people of Newark believed in hard work and helping each other. These two are factors that are clear in the career life of Petrello. He has risen to the position of CEO through sheer hard work. He has also made sure that he uses some of the money he makes from the drilling industry to help the less unfortunate. He believes that human beings should care for their neighbors by supporting them when they are in need.
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Currently, Peter Briger is working for Fortress as the principal as well as the co-chairman of the board of directors. Since 2006, he has been serving as one of the members of the board of directors of Fortress. In 2009, he assumed the role of a chairman. Peter Briger joined the management committee of Fortress back in 2002. He is assigned the duty of overseeing the Credit and Real Estate business at Fortress.Before joining the team at Fortress, Peter Briger worked for Goldman, Sachs & Co., for a period of not less than one decade and a half. He became one of the partners at Goldman, Sachs & Co in the year 1996. Peter Briger has an Arts degree from Princeton University. He also went to Wharton School of Business at the University of Pennsylvania where he graduated with M.B.A.
Today, Fortress is globally distributed, managing assets worth billions of US dollars for more than 1,750 investors in private equity, hedge funds as well as permanent capital vehicles. The company’s headquarters are based in New York City, with more than 900 employees.The key area where Fortress Investment Group focusses on includes capital market, corporate mergers and acquisition, asset-based investing and many others. The company manages a wide range of assets for example real estate and capital. Fortress has a unique way of pricing, owning as well as managing both physical and financial assets.Fortress has introduced a unique tool in its operation, capable of extracting value from the complex investments it makes. It performs well in areas such as evaluating operational, structural when running its portfolios.
Since the inception of Fortress Investment Group, the company has amassed a wealth of experience in managing mergers and acquisitions. Its employees both comprehend and have good relationships with corporate stakeholders such as senior directing professionals, corporate board members among others. This vast experience also helps Fortress Investment Group specialize in capital markets. It has an exceptional ability in securing financing through equity markets and debt. Three people established fortress Investment. Wes Edens is among the founders of the company. Currently, he is working as principal of the company. The founders of Fortress had a much experience that they had garnered from their previous jobs. Fortress introduced its initial investment vehicle back in the year 1999. Among the first investments were in real estate, for example, Toronto and New York City markets.
One small step for apps, one giant leap for the education system. Since schooling began, things have pretty much remained the same in classrooms. You have the teacher, a bunch of kids, and just as many chairs and desks all inside the same typical classrooms all around the world. The first combustible engine automobiles have been around for less than two hundred years. In that time, they went from a top speed not much faster than a horse, to speeds of over 300 miles per hour. We even have fully electric cars now. Schooling has been around for much longer than any combustible engine vehicle and yet, it has failed to improve even a fraction as much as a vehicle.
We have witnessed the use of technological advancements all throughout each and every field in our culture, but the education system has received the least. In comparison, the military has had much more innovation and improvement than our education system by far. There is, however, a group of people that have taken the initiative and assisted in providing a fantastic example of simplistic, yet effective innovation to our modern day educational system that has remained stagnant for centuries.
The small group of people are known as Sam Chaudhary and Liam Don. With their technological skills, they developed and launched ClassDojo in 2011. ClassDojo is a platform that facilitates communication between teachers and parents. With the ingenious application of modern technology to the classroom environment, ClassDojo has greatly improved the resources that teachers and parents have available when it comes to the highly important subject of children’s education.
ClassDojo is already being used by 90% of American school districts and is available in 35 different languages. This greatly improves communication between teachers and parents who speak different languages, creating a more positive educational culture. Through the application of ClassDojo’s technology, parents can now view their children’s statistics and progress that are available on the app at any time. The teachers can also use this app to take pictures and record video of the students to be able to send to the parents to provide more information.
Making investments and growing them by up to twenty-seven times their value is exactly what Fortress Investment Group is capable of. The group in 2010 acquired AIG’s American General Financial Services this was at a time when it was facing some turbulence, but having been in the investment and asset management game for long enough the management team at Fortress understood just exactly what was needed it did not take long for it to be rebranded to Springleaf Financial Services. This was done in conjunction with other substantial changes and by the time Fortress was done with it, it was worth an astounding 3.5 billion dollars. This is the type of growth that has made Fortress Investment Group an asset management machine with assets valued at approximately 72 billion dollars.
They had reported revenue of 1.1 billion as of 2016. This level of growth has been phenomenal, having started less than twenty years ago with around four hundred million dollars. The once privately held Fortress Investment Group is today a publicly listed LLC at the NYSE traded a FIG. The group has offices in various locations most notable being its New York headquarters, its San Francisco subsidiary as well as offices that serve as headquarters too in Shanghai and Singapore. These two offices have been very crucial in its international expansion with a focus on Asian markets. Peter Briger, one of the group’s principals, has extensive knowledge of the Asian market, having worked on various committees in the region during his fifteen-year stint at Goldman Sachs just before he joined Fortress.
This ability by the group’s highest decision makers to directly relate to markets that they invest in has proved to be very crucial in making the right moves at every turn. In Asia, Japan has proved to be especially lucrative based on the various investment funds geared towards the country this includes a second and third Japan Opportunity Fund, the Fortress Japan Opportunity Fund, the Japan Income Fund and the Fortress Asia Macro Fund. Fortress Investment Group operations have been divided into three major categories, its Permanent Capital Vehicles, its Credit and its Private Equity departments. Each of these departments is led by a capable hand with its credit department being led by Briger, its Private Equity department led by Edens and Nardone who are focused on cash flow generation. The Permanent Capital Vehicles department is focused more on the groups publicly traded capital vehicles.