How Fortress Investment Group Became An Empire

Fortress Investment Group was established by three business moguls in 1998, which means the company has been around for two decades. It was actually founded by Randal Nardone, Wes Edens, and Rob Kauffman. Although Fortress Investment Group has several branch offices, it is headquartered in New York, New York.The payroll of Fortress Investment Group hit 2,500 in 2016 and the figure kept increasing until it was acquired by SoftBank. Some of the subsidiaries of Fortress Group are New Media Investment Group, New Senior Investment Group, New Residential Investment Corp, and Newcastle Investment Corp. When valued in 2016, it was discovered that the company had earned a total of US$1.1 billion and it was also discovered that it had made a total profit of US$180 million. The credit arm of the business was launched in 2002 by Pete Briger and the venture witnessed a steady growth. Currently, the credit team can boast of more than 500 professionals. The credit arm invests globally in distressed and illiquid credit investments.

It also invests in undervalued assets. Over the years, the investment team which was led by Pete Briger and Dean Dakolias has invested profitably in some projects like the Asian Financial Crisis, the RTC workout, and a host of others. In fact, Fortress Investment Group has built an enviable track record on this.Currently, the team has more than 100 professionals managing different assets in over 14 geographical locations and the number can still increase. The idea behind this arm of the business is being able to see hidden value in some distressed or undervalued assets. Like they say, a genius sees a business opportunity long before it becomes obvious to everyone.  In a nutshell, the Fortress credit team does not only specialize in seeing hidden values in undervalued assets, it also has experience, expertise, knowledge, material, and human resources to manage and service different assets scattered in different geographical locations.According to Pete Briger, one of the distinctive features of Fortress Group is their affinity for buying bad debts, buying bonds, attacking credit market with so much veracity, and venturing into illiquid situations big time.

They often buy distressed competitors too. The five competencies of the company are asset-based, industry knowledge, operations management, corporate mergers and acquisitions, and capital markets. These five competencies have helped to grow the company from a small firm that was established in 1998 to a global empire.Apart from acquiring assets, the company is also good in financing and overseeing the management of all the assets. They are also great in pricing. Remember that when an asset is over-priced, it will scare buyers and renters off and if it is underpriced, the company will be losing money. So, fixing the right price for assets requires certain skills and Fortress Group has the skills.Fortress Group has in-depth knowledge in all the industries where it invests. This is why the company always sees opportunities in some businesses before the opportunities become obvious. During the interview of a few employees of the company, they all said one thing – The management of the company believes in regular training, so they spare no expense in training the employees regularly.

Source of the article : https://www.payscale.com/research/US/Employer=Fortress_Investment_Group_LLC/Salary

The Attorney – Jeremy Goldstein!

If you are an individual from New York seeking a Lawyer for legal issues including the criminal stuffs, child custody, Landlord-Tenant, then there is a new 24 hour online portal service (https://nysbalris.legal.io.) and telephone service (1-800-342-3661) for regular business hours that is launched by the New York State Bar Association’s trusted Lawyer Referral and Information Service (LRIS) which was established in 1876 and involves 72,000 members and has been referring individuals to attorneys for 35 years, thus reducing stress of finding a Lawyer when in need. State Bar President Claire P. Gutekunst said that LRIS services provides the individuals with good attorneys whose qualifications have been reviewed by New York State Bar Association. Read more: Jeremy Goldstein | Medium and Jeremy Goldstein | Twitter

Talking about the new online technology in partnership with Legal.io, Tony Lai, CEO of Legal.io said, that he is proud to partner with one of the largest associations of lawyers in the world and deliver legal services to huge number of people at lesser cost and create a trusted online destinations for clients relying on New York law, all around the world. Learn more about Jeremy Goldstein: https://www.quora.com/profile/Jeremy-Goldstein-20 and https://www.slideshare.net/JeremyGoldstein14/22nd-annual-naspp-presentation-2014

Individual seeking online legal help can navigate to the above mentioned website and fill out the personal questionnaire telling their issue and location.

Once the form is submitted, State Bar staff will analysis the form and direct the individuals to a specific matched attorney who is in nearby community and the individual will be charged a fee of $35 for the first 30 minutes consultation.

If an individual wants to retain the lawyer after initial consultation then, fees are determined accordingly by both parties. Exceptions are made in the matters like medical malpractice, social security and personal injury.

Jeremy L. Goldstein is founder of Jeremy L. Goldstein & Associates LLC, a law firm committed in advising management teams, corporations and CEOs in executive compensation.

Jeremy Goldstein has a B.A. from Cornell University, M.S. from University of Chicago and J.D. from New York University School of Law.

Jeremy Goldstein is also known as leading executive compensation lawyer in Chambers USA Guide to America’s Leading Lawyers for Business and The Legal 500, as he writes and speaks on corporate governance and executive compensation topics and he is also member of New Leadership Council of Make-A Wish Foundation® of Metro New York and member of Board of Directors of Fountain House.

Jeremy Goldstein involved in many corporate transactions, including the acquirement of Goodrich by United Technologies.

Betsy DeVos Is A Philanthropist, Champion For Charter Schools, And The Secretary Of Education For The United States

Betsy DeVos is the Secretary of Education for the United States and a philanthropist who has donated millions of dollars to charitable causes she believes in. In fact, her husband, Dick DeVos, and herself have donated more than $139 million to charities over the course of their life. Some of the organizations she has donated to include the West Michigan Aviation Academy, Compass College of Cinematic Arts in Grand Rapids, Detroit Charter School Company New Urban Learning, Rehoboth Christian School, and Ferris State University in Big Rapids. Her husband and herself have also been involved in politics in Michigan and support the conservative party there.

 

Recently, Betsy DeVos has made news as she began working as the Secretary of Education for the United States and faced her first round of controversy, which was related to the Trump organization rescinding the transgender bathroom policy. While many reasoned that she differed in opinion with the move made by the Trump organization, she didn’t show it, but this doesn’t mean she is going to be a quiet player in Washington D.C. Politicians have commented that she has always been underestimated and that she always proves her detractors to be wrong. While she doesn’t have a lot of connection with public schools and colleges, she does have plenty of experience dealing with getting private schools to be accepted by the nation.

 

Betsy DeVos has worked her hardest for more than thirty years to get tax dollar support for charter schools. Specifically, she has fought to see tax dollars used to pay for vouchers, which can cover the costs of private schools. Her point of view is that these vouchers will help poor families to be able to send their children to the school of their choice. She has supported, both, non-profit private schools as well as schools that are supported and ran by for-profit companies, but in the end, she is really for new laws that allow parents to send their kids to the schools they want to.

 

It has been Betsy DeVos’s work that has led to Detroit being the U.S. state with the greatest concentration of charter schools, and while many of them are not living up to standards, she moves forward. While her work for charter schools in Detroit has been monumental, many wonder if it is the right move as the public school system in the city is failing. DeVos believes that the public school system in Detroit should be shut down, altogether. While some fear, she is looking to get rid of public schools, she has publicly stated that she is not looking to shut public schools down and that public schools will still be the place that most children go to for their education in the United States.

 

Betsy DeVos has acknowledged that while she was made to look like she was ignorant during her confirmations, she knows what her focus is while she is in Washington, and she isn’t going to let her detractors distract her from the work that she is ready to get done.

 

Follow Betsy DeVos on Facebook.

Fortress Investment’s Randal Nardone: An Experienced, Highly-Successful Financial Services Professional

New York based Fortress Investment Group’s co-founder and chief executive officer Randal Nardone has decades of experience working in the financial services industry. The University of Connecticut graduate has degrees English and Biology and also earned his juris doctor from the School of Law at Boston University. Since then he had gone on to become a Thacher Proffitt & Wood partner before joining Blackrock Financial Management where he was a principal. Nardone was also a UBS managing director for a year before he left to start Fortress Investment Group with Wesley Edens and Robert Kauffman in 1998. In addition to his seminal role at Fortress Investment Group, Randal Nardone is also a Fortress Credit Corporation principal, Springleaf Financial Holdings president and chairman as well as Newcastle Investment Holdings vice president and secretary. Nardone is also co-founder, principal, COO and CEO of Fortress Investment Fund IV and Fortress Investment Fund V. He’s also president of Ncs 1 LLC and co-founder, principal, COO and CEO of Fortress Registered Investment Trust.

Randal Nardone has vast leadership experience and has been director and held executive positions in a wide range of companies. Some of the companies in which Randal Nardone has held leadership position since starting Fortress Investment Group include Florida East Coast Holdings Corporation, Alea Group Holdings Bermuda Ltd., Eurocastle Investment Limited, Springleaf Finance as well as OneMain Holdings, Inc. Nardone has also served as director of Mapeley Limited, Fortress Transportation and Infrastructure Investors LLC, New Media Investment Group, Brookdale Senior Living Incorporated, GAGFAH S.A., doBank S.p.A., Aircastle Limited, IMPAC Commercial Holdings, RIC Coinvestment Fund LP and SeaCube Container Leasing Ltd. Nardone has played an important role in the growth and success of those companies and many others.A husband and father of one, Randal Nardone is a self-made billionaire who generated his wealth through his work in finance.

As of 2007, Forbes estimated his net worth to be $1.8 billion and he was listed as number 557 on their billionaires list. Much of his wealth comes from the 53 million shares of Fortress Investment Group stock Nardone owns. Those shares have an estimated value of $1.6 billion. Over the past 22 years, Randal Nardone has been involved with more than 46 companies in a wide range of industries. His extensive experience and vast expertise in finance, management, credit and private equity makes him a valuable addition to any organization.Randal Nardone has played a major role in the growth of Fortress Investment Group. With Nardone serving as co-CEO, the company has become a highly diversified alternate investment manager with almost 2,000 private investors and institutional clients around the world and in excess of $43 billion in assets under management. Randal Nardone has helped Fortress Investment Group become a world leader. The Japan-based company Softbank Group Corporation was so impressed with the work of Nardone and his team with private equity as well as permanent capital investment strategies, that when they purchased the alternative-asset manager they retained Randal Nardone and the executive staff.

Compensation Expert Jeremy Goldstein Understands The Need For New Incentive Options

Over the past several years, it has become increasingly difficult for companies to find the best options when it comes to compensating their employees. In the past, stock options were always the way to go. But this has become something that is more and more difficult for companies to do. Not only is it a lengthy process that takes a lot of paperwork, it actually costs companies more money while displeasing more employees. When stocks are high, things are great for employees because it means their incentive value went up. But this is a disaster when the stock prices go down. According to Jeremy Goldstein, there is a knockout option on the table for corporations that will solve the majority of problems currently facing them.

 

Jeremy Goldstein is a compensation lawyer working out of New York where he owns his own practice. One of the leading compensation law firms in the country, Jeremy Goldstein And Associates LLC. Jeremy’s company works for various different clients around the country, ranging from the individual, management teams, governance, and commercial. Jeremy has been working with compensation law for many years and he believes the majority of employees would benefit from these knockout options that are starting to become the norm. This is because it offers employees a higher annual salary with fewer downsides to any incentives.

 

Jeremy has posted several articles online for users to read and understand the specific details of these knockout options and how they will affect the market. The potential negatives of these options are quite minimal as well because there is is very unlikely that executives or CEO’s will take advantage of new compensation plans that give them the control or power of distributing them to their employees. There are skeptics who believe company heads could use these knockout options to leverage the market in the won favor and delaying incentives to their employees, but this would hardly go unnoticed. Learn more: https://bestlawfirms.usnews.com/profile/jeremy-l-goldstein-associates-llc/overview/70073

The Fortress Investment Group’s Investment Portfolio

The sophisticated global investment arena requires a tested partner with an extensive intellectual capital and financial resources. Fortress Investment Group was founded on a strong financial and intellectual grounding. According to Fortress Investment Group, the firm is a leading global investment manager with diversified interests spanning private equity, credit and permanent capital vehicle. The company’s cumulative Assets under Management stands at more than $43 billion today. The assets include $8.9 billion in Credit Hedge Funds, $15.1 billion in Credit Private Equity, $6.5 billion in private equity and $7.8 billion hoist in Permanent Capital Vehicles. Fortress Investment Group is committed to the creation of strong corporate governance policies and practices to ensure high levels of accountability and integrity in all its operations.

As of December 2017, Fortress Investment Group had slightly over 950 employees working in its asset management unit. The New York headquartered firm operates several affiliate offices across the world. Since its establishment in 1998, over 1700 institutional clients and private investors have placed their assets under the company’s management. These companies come from various sectors and are strewn all over the world. They include private equity, real estate, telecommunication, manufacturing and private capital investments. The 3 principal’s leading the company are Peter Briger, Wesley Edens and Randal Nardone. Mr. Briger has been a member of the Fortress Board of Directors since 2006. Before joining Fortress as Co-CEO, he served at Goldman Sachs & Co for 15 years, and learn more about Fortress Investment Group.

Mr. Edens, who serves as the company’s Co-CEO is charged with overseeing private equity and alternative investment ventures traded on the stock market. Prior to Co-Founding Fortress, Mr. Nardone served as Managing Director of UBS bank and earlier a principal of BlackRock Financial Management, Inc. In terms of business, early this year, a real estate firm owned by Jared Kushner’s family sought a loan from Fortress to fund part of its troubled development in New Jersey. According to a Bloomberg news report published In January 2018, Kushner Cos received about $60 million loan to complete a troubled two, 56 storey towers it was undertaking in New Jersey. The mixed use facility with over 1,500 residential units was pitched to a group of Chinese investors on May 2017 to much pomp and funfair.

The New Jersey Economic Development Authority filings from 2015 indicate a funding structure amounting to about $300 million. An earlier iteration of the towers anticipated $10 million in publicly funded development bonds, $124 million in debt and $71 million of equity. Kushner is a renowned figure, being the son-in-law and Chief Advisor to President Donald Trump. Fortress Investment Group also made headlines during the 2010 Winter Olympics held in Vancouver, British Columbia. According to Business Insider, the investment group owned a ski resort designated as a venue for alpine skiing events. However, Fortress demanded that event organizers pay up $90 million in backdated payments before permitting the use of the facility. Fortress bought Intrawest, the company that owns the Whistler Blackcomb resort in a leveraged buyout completed in 2006, and more information click here.

Other Reference: https://www.reuters.com/article/us-fortress-inv-glo-m-a-softbank-group/softbank-to-buy-fortress-investment-for-3-3-billion-idUSKBN15T333

David McDonald of OSI Group Shapes Global Production in the Meat Industry

While a lot has been written about OSI Group, the American privately owned meat-production Company, little has been written about the leader who has always walked hand-in-hand with OSI Group’s management. That is why we shall look at David McDonald’s journey and input in OSI Group. Born in 1964, Mr. McDonald grew up in the farms of Iowa. Coupled with an agriculture environment, David McDonald developed a particular interest in agriculture at a relatively younger age, and lacrosse camp David McDonald.

 

Background Look

Like any other child growing up, David McDonald had dreams and aspirations. He wanted to pursue a marketable course in future. Consequently, he joined Catholic Parochial School pursue his secondary education. From his academic credentials during graduation, Dave McDonald was a studious student who scored excellent grades.

 

Talent

Education is not the only aspect that McDonald considered to pursue as a teenager. He loved acting, and he considered it a great entertaining aspect of life. Following his outstanding performance in theatricals, McDonald was approached by Warner Bros Pictures. However, he turned them down. Apparently, David McDonald had other grand career plans that currently define his purpose in the career world, and contact him.

 

Education

David McDonald decided to pursue a degree in Bachelor of Science as well as animal science. That was between 1983 and 1987. As usual, he scored impressive grades and even joined the Alpha Gamma Rho Fraternity. As at today, he supports the scholarship program offered by the fraternity.

 

Dave McDonald Joins OSI Group

McDonald started working at a relatively tender age. This is in comparison to how late his age mates joined their preferred industries. At thirteen, he was already employed as a paperboy. On his way up the ladder at OSI Group, he held multiple senior positions. From being a clerk to a switchboard operator, he later landed a position at OSI Group. As the president of the company, he has been instrumental in leading the company by creating competent strategies for the success of the company.

 

Additional Information

In addition to creating competent strategies that have seen OSI Group expand its territories to different countries, Dave McDonald works closely with his staff to ensure smooth customer relations between OSI Group and consumers, and https://relationshipscience.com/david-g-mcdonald-p4523992.

 

Overview

When OSI Group decided to acquire Baho Food in 2016, Mr. McDonald was the sole initiator of the deal. He streamlined logistics and the final signing of the contract. But that is not all. McDonald ensures that the capacity production can accommodate consumer demand, and more information click here.

Securus Technologies Drone Detection Technology That has Proved to be Very Effective

For years, most people considered prisons to be safe if they had high walls and multiple correctional officers who checked the inmates’ cells from time to time. But, times have changed. As we have become technologically advanced, so have the criminals. They too are using unique ways to smuggle goods inside the prisons without being detected. The growing need has led the criminals to use drones that are used mainly for photography or for surveillance. Thus, the high walls in prisons do little to stop these flying machines as they can fly quite high up and then drop packages inside the prisons without being detected.

 

Securus Technologies, top prison technology company, has been working on creating drone detection technology for years. The company has invested millions in its research and heir new system is already in the last testing phase. The company has installed the new system in a few prisons across the country where their functions are being tested. The experts are making constant changes to them with the results to make them completely fool-proof. Securus Technologies is an inmate communication company that has also entered the technology market with its unique security products that are made especially for the prison industry. The correctional sector has advanced a lot in terms of technology in the last few years, and Securus Technologies has contributed significantly to this advances.

 

Drones have for many years part of the commercial markets. Giants like Amazon are finding ways to use drones for their delivery services. People have been using it for catching excellent aerial photos and videos for multiuse. Drones are finding its way into multiple industries because of the flexibility it offers. Drones are also being used by criminals to deliver small packages of goods inside the prisons for inmates to use. Drones are easily available to anyone and are quite cheap. It has led to more criminals using them to their advantage, and it has led to many problems and threats for the prison officials and the inmates too.

 

The drones are being used rampantly by the criminals freely to transport contraband into the prison, but not anymore with the drone detection technology installed in the prisons. In any prison where the drone detection technology is installed, the drones would not be able to enter without being unnoticed. The system delivers a custom solution for finding, tracking and then alerting the prison officials about the drone trying to enter the premises. The system is also upgradable and would be done so regularly depending on the advancement of the drone capabilities. The system not only offers increased target performance but can also be integrated with other prison technologies to ensure not one drone gets away.

Doe Deere: An Inspirational and Successful Women Entrepreneur

If there was ever a female entrepreneur is as inspiring as she is successful, then the owner of Lime Crime Cosmetics, Doe Deere is definitely it. This trendsetting CEO and founder is one of the first successful entrepreneurs to launch an online makeup company back in 2008.

 

Upheld as the unicorn queen of colors, Doe Deere was born in Russia and raised in New York City. After studying fashion and design, she began creating and designing her own clothing line which she served independently on line. In order to complements the clothes he was marketing, Deere needed bold and vibrant colors of makeup in order for them to have a striking appearance that will appeal to her clients. But because the exact bright colors that she needed were not available for purchase, Doe Deere began making her own makeup.

 

In 2004, Doe Deere created an eBay account to sell her clothing designs through an online store, which caused her to choose a screen name. Without much thought about the long-term outcome of the name chosen, Deere chose the name Lime Crime because of its uniqueness- along with her attraction to how the name sounds. With her first digital store operating, it took less than a year for the business to start making consistent sales. Unknown to Deere, the fulfillment of her destiny had begun with the selection of your eBay account name and the establishment of her fan base.

 

In 2008 she began promoting her make up line. The initial collection of makeup offered for sale included bold and vibrant colors of eyeshadow in a kit that included brushes, primers, glitter and blush. Doe Deere sold her kits for $12 and more, and by 2009, the cosmetic line became popular. Doe Deere created video tutorials that provided instructions on how to apply the makeup to achieve various styles in order to market the makeup. This marketing strategy invigorated sales, as Lime Crime’s appeal and reach expanded and the makeup industry – leaving the:

behind.

 

From there, Doe Deere has expanded her consumer base to include international markets and introduced new and exciting products that have increased sales. She also obtained cruelty-free certification from Leaping Bunny– an accolade difficult to acquire because Leaping Bunny is regarded as the most stringent certifiers in the makeup industry- for her entire line of vegan cosmetics.

 

Today, Doe Deere and Lime Crime has reached new heights of success. Not only does the company have 3 million Instagram followers world wide the”, but Deere is living what she calls “the best possible job in the world.” While her initial passion was clothing and fashion, it ultimately led her to a journey of exploration that eventually emerged as Lime Crime. With a passion for inspiring aspiring female entrepreneurs, Doe Deere provides mentorship to other women entrepreneurs while speaking at public events about ambition is self identity.

 

For Doe Deere, makeup is not only about concealing blemishes or making yourself look pretty. Beauty is not defined by what people perceive as best looking or most natural. Instead, cosmetics are a form of independence and self expression that seeks to redefine the standard of beauty. She had not only succeeded at building a successful business, but she also has become a pioneer that serves as a positive role model an example for other women entrepreneurs.

 

Visit https://www.limecrime.com/pages/our-founder to learn more.

Dr. David Samadi’s expertise in Robotic surgery

Robotic prostate surgery can be termed or otherwise be recognized as a minimally invasive surgery that is done for the purpose of prostate removal and cancer treatment. It is a very successful procedure that is only done by professionals due to its complex nature. This form of surgery is basically remote controlled as the doctor does not come into direct contact with the patient but rather uses a machine to translate his movements into a fiber sensitive notion. Recently there is a newly developed procedure by the famous Dr. David Samadi called SMART. Dr. David has been able to change and bring about advancement in the Robotic Technique. This is a method of performing prostate surgery by incorporating a combination of oncologic principles and prostatectomy skills to the already existing robotic surgery methodology. SMART has been adopted by a number of surgeons for its revolutionary nature.

Dr. David Samadi is the Chairman of Urology department and the Chief of Robotic Surgery at the Hospital called Lenox Hill. Samadi his degree in biochemistry at the University of Stony Brook and later got an M.D from the medical school at Stony Brook and additional training in urology and proctology from the Montefiore Medical Centre. His vast training and numerous experiences qualify him to be one of the best doctors in the United States hence his fame and recognition. In 2012, while he was working for Mount Sinai as the vice chair of the urology department and chief of minimally invasive surgery as well as robotics, he got recognition for being the doctors in the State of NY that host big numbers in their bank accounts every month.

Dr. Samadi joined the community at Lenox Hill hospital in 2013 where he currently works. In addition to his work at Lenox, David Samadi has also earned the title celebrity doctor by turning up to a number of television shows that are related to his career to give his view. Recently he has developed a Television network called Dr. David Samadi here he gives insight on medical issues specifically to do with prostate cancer and gives advice to those affected on the best treatments and where to find them including a list of the advantages and disadvantages to each treatment option. He is also one of Fox News’ contributors that are very active.