For people in the state of Alaska, the name Nabors Industries sparks feelings of intense loyalty and nostalgia. Perhaps no other company in the state’s history has contributed more to individual Alaskan citizens than Nabors Industries. Through its development of the Prudhoe Bay oil fields on the North Slope of Alaska, Nabors Industries has contributed mightily to the state’s coffers and to the general state of its economic prosperity.
However, in the contiguous 48 states, Nabors Industries slowly begin to lose its brand luster throughout the decades of the ‘70s and ‘80s. Throughout this era, the company was badly mismanaged, eventually leading to its insolvency and bankruptcy in 1988. While in receivership, the company began the search for the right man to lead it out of bankruptcy and into the 21st century. They found him in Tony Petrello, a mergers and acquisitions attorney with the firm Baker McKenzie, who had been working on a number of aspects of the bankruptcy case.
Under Petrello’s leadership, the company began to take a different tack. Petrello began focusing on the development of high-tech directional drilling equipment and other equipment that would be able to tap into the market for hard oil extraction. Throughout North America, there were many reserves of oil that had been, until that time, completely left alone. The reason for this was simple. They were viewed as economically unviable. The extreme difficulty of reaching oil reserves within deep shale deposits was simply too much to justify the cost of the equipment.
But Nabors Industries began to change that. With its Sundowner drilling rig, Nabors Industries enabled sites to be set up and torn down within 24 hours, leading to massive flexibility that had never been seen before. Technology such as this has paved the way for the extraction of North American shale and tar sands oil resources.
These are just some of the things that Petrello has done to prove his merit as CEO of one of the country’s largest oil extraction and drilling equipment firms.
Richard Smith famously referred to as Rick by his close business acquaintances has had a mixed career of tough challenges, and unprecedented successes in the telecom industry. Presently serving as the Chief Executive Officer and Chairman of Securus Technologies, he has set the company on a trajectory of vertical growth and expansion through innovative strategic stability measures. The undisputed provider of state-of-the-art technological solutions to correctional institutions, the company has a history of continuously scaling up the services it offers. Under the stewardship of Mr. Smith, Securus has been on the forefront of releasing new proposals for service and product development every week to keep pace with the rapid transformations in the manufacturing landscape.
The exceptionally skilled technician has had a long and colorful career in various companies in the telecoms sector. He has been a dedicated and competent high-level executive whose excellent service-oriented captaincy has brought unparalleled prosperity to several blue-chip firms in the telecommunication industry. From as early as 1972 when he was the Vice President of Procurements for Midwest Telephone Operations, Ricky has held many other executive responsibilities as the Vice President of Financial Management at Frontier Corp, the Director of Business Development and President of Frontier Information Technologies, Network Plant Operations Director, and Senior Controller.
Learn more: http://www.prnewswire.com/news-releases/securus-corrects-inaccuracies-in-global-tel-links-gtl-press-release-300282563.html
From 2000 to 2003 he was the President at Eschelon Telecom Inc., and through careful planning, he quickly ascended through the ranks to the position of Director in 2008 before becoming the Chairman a short while later in 2009. Presently he is the CEO and President of Securus Technologies. The greatest achievement he has brought to the company is making it an undisputed champion of minimizing social problems through crime prevention and monitoring techniques. Creation of capable devices that can monitor, investigate, and solve complicated cases is part of the company’s DNA.
Rick Smith received an Associate of Applied Science in Electrical Engineering from Rochester Institute of Technology, after having been recognized as a distinguished research scholar at the State University of New York at Buffalo. From the last college he graduated with a Bachelor of Science in electrical engineering, and with such an array of impressive academic credentials, he embarked on a straight path of career advancements. As he progressed in the professional field, he also acquired more knowledge from the State University of New York at Brockport where he was given a Masters in Mathematics and another Masters in Business Administration from the University of Rochester’s Simon School. He is undoubtedly one of the best technicians and administrators in the telecom industry with several accomplishments in different aspects of management such as business operations and finance management, installation of IT systems, and company strategic structural reorganization. Read more articles at Fox34.com.
Dick DeVos is a leading Republican financier and he is also the son of Richard DeVos the founder of Amway. Devos has grown up in a wealthy environment where his family is considered one of the most prominent within the state of Michigan. Grand Rapids, Michigan is the city where DeVos name really flourishes. DeVos is known here for his charitable contributions, political support and for his outstanding work ethic.
Throughout his long and prosperous life, Dick DeVos was a hard working young man and adult. When he was a child, the young lad would assist his father with some miscellaneous tasks around the office. His siblings and he would help co-workers with refreshments or tasks they needed to be completed around the office.
Devos would also assist clients who visited Amway with their needs as well. At some public functions and social outings he would assist guest to areas where they needed to be. Devos performed this kind of work for many years from elementary all the way up until high school. Once he arrived in high school he started to take on more serious roles with his father companies. He would be involved with public speaking sessions for the company and he was also responsible for giving product demonstrations.
While he was not yet running the company, he was learning the business from the bottom up. Devos eventually went on to college and earned a business degree from Northwood University. Once Devos earned that degree from Northwood; he was now qualified to operate in various positions for his father’s company.
Devos worked in areas of the organization which included research and development, marketing, finance, sales and manufacturing. He virtually learned just about every facet of the business. This knowledge would then soon help him to become one of the most successful vice president’s that the company has ever had. After 6-years of being vice president, Devos pushed the company’s overseas sales from 5% to 50%. His work speaks for itself.
Richard Devos purchased the Orlando Magic basketball team back in 1991. By 2005, Richard decided to split ownership of his team between his children. Dick Devos became a co-owner of this franchise and has been helping to steer it in the right direction in terms of profitability and financial success.
Dick Devos was also the president of his father’s company. He left the Orlando Magic to perform this duty. After he helped the company to succeed one more time, he then took over the leadership of a company called Alticor. Alticor is another family organization that helps entrepreneurial ideas get off the ground.
Eventually, Devos left Alticor and became President of the Windquest Group. Devos has also being staying busy with other endeavors as well. He is a leading member on Michigan’s State Board of Education and he is a very much involved with the religious community within the state. He also ran for governor, makes numerous contribution with his wife (Betsy) and is constantly lending his expertise to his family enterprises. Dick Devos is truly a busy man who has worked hard over his long and amazing career.
As a Medicaid and Medicare Advantage institution, InnovaCare Health addresses the healthcare needs of Puerto Ricans. The firm has a strong leadership team that comprises of Richard Shinto, Penelope Kokkinides, and Mike Sortino. The institution specializes in creating cost-effective and innovative managed care models.
InnovaCare Health provides Puerto Ricans with two Medicare Advantage plans. These include PMC Medicare Choice and MMM Healthcare. Over 200,000 people benefit from the two programs, which are offered by 7,500 providers. InnovaCare also provides clients with two Medicaid programs that correspond to the Government Health Plan of Puerto Rico. It offers these plans through a managed care model. InnovaCare is the only health insurance company in Puerto Rico that has received accreditation from the NCQA.
Richard Shinto, known by many as Rick, holds the president and CEO positions at InnovaCare Health Solutions. He also heads MMM Healthcare as the chief executive officer. Before joining InnovaCare’s executive team, Shinto worked as the executive director of Aveta Inc. and PMC Medicare Choice. Shinto has unmatched experience in clinical and operational healthcare. As a board member, Shinto served in the management team of Aveta before it was sold in 2012.
Shinto was also instrumental in the advancement of NAMM California as he served as the chief medical officer. Medical Pathways Management Company also benefited from his expertise when he held the chief operating officer and chief medical officer positions. Shinto commenced his medical practice as an intern working in South California. He attended the State University of New York at Stony Brook for his medicine degree. He also attended the University of Redlands for an M.B.A.
In 2016, Kokkinides was appointed as the chief administrative officer of InnovaCare health. She is a health executive with over twenty years of experience of working for government institutions. Throughout her career, she focused on developing Medicare and Medicaid programs. Her expertise also lies in managing healthcare initiatives. At InnovaCare Health, Kokkinides focuses on improving the performance and organizational infrastructures of healthcare initiatives.
Penelope Kokkinides once served as the VP and CEO of Centerlight HealthCare. As she held these two positions, Kokkinides oversaw the strategic direction and overall management of Centerlight’s managed care department. Touchstone Health also grew tremendously during her tenure as the company’s COO. She developed and implemented a health model that enhanced the Medicaid programs of AmeriChoice. She also served as the VP of care management and disease management for AmeriChoice.View her infographic resume at vizualize.me.
Mike Baur has been working with successful entrepreneurs across Switzerland to help young individuals understand about running small businesses. He is among professionals who have helped to build small businesses across the country through the Swiss Startup Factory, which he founded with the sole aim to support the growth of entrepreneurship across the country. Mike Baur is a professional who worked as a banker for nearly 20 years before he resigned in 2014 to pursue his dream. Although a difficult idea, the resignation allowed him to join an industry that opened his life up and allowed him to get a better view of the world of business.
What the Swiss Startup Factory does is to offer young entrepreneurs the key to running their businesses profitably. The company offers a three months incubation program that is designed to allow entrepreneurs to get a clearer picture of the industry they are about to join. They take the startups through several stages, each with a distinct message and plan for development that ensures the business finally gets to grip the market well. The Swiss Startup Factory is made up of experts from different industries, who avail the tools needed to help the startups to implement their ideas.
A brand that is presented well and marketed for the entire world to see is able to make impact within a short duration. Lack of branding skills could stall the progress of a startup, reason the Swiss Startup Factory offers support to startups to ensure they embrace the right practices for branding.
Access to finance
Financing a business is one of the most demanding tasks that every startup has to work around. Although many talented entrepreneurs have good ideas, they lack the financial muscle to push their ideas to grow. Through the Swiss Startup Factory, entrepreneurs are able to access financial support from the wide pool of investors, who are always prepared to join any startup that promises growth and success in the long run.
About Mike Baur
Mike Baur is one of the few entrepreneurs in Switzerland who have gone out of their way to offer assistance to upcoming entrepreneurs. In 2014, he exited banking and joined entrepreneurship, where he kicked his career off with launching the Swiss Startup Factory, which is working with startups across the Switzerland to help them get on the path of development. He is a Finance and Banking graduate with an Executive MBA.
Dubai billionaire, Hussain Sajwani enjoys a healthy business relationship with President Trump. The two billionaires have partnered in multiple real estate deals that have seen them enhance their wealth. Despite the election of Donald Trump as the 45th president of the United States, Hussein believes that the two families will continue to do business together. As a show of their promising future in real estate, the proprietor of DAMAC Group and the Trumps celebrated the New Year together.
One of the key properties developed because of their collaboration is the Trump International Golf Club. According to reports, the luxury villas developed near the golf club have created a huge public demand. In total, the two have been able to earn almost $2 billion from the sales. This figure is expected to go up as more investors purchase the properties.
The relationship between the two has raised concern over potential conflicts of interest, particularly for the president. However, Trump has said that there is no need for worry, as he will be focusing on serving Americans. The president promises to make no new business deals while in office. Hussein Sajwani has close ties with Trump’s children. It is anticipated that the future deals between the Trump Organization and DAMAC Group will be made through Ivanka, Eric, and Donald Trump Jr. This information was originally published on NBC News as provided in the link below http://www.nbcnews.com/news/world/dubai-billionaire-hussein-sajwani-ready-do-more-deals-trumps-n695566
Hussein Sajwani is the leader of the Hussain Sajwani Family as well as the founder and chairman of DAMAC Group. DAMAC was founded in 2002. The company focuses on developing leisure facilities besides private residential and commercial properties. The entity started operations in Dubai before spreading its services to neighboring countries such as Jordan, Saudi Arabia, Qatar, Lebanon, and North Africa.
Hussein uses DAMAC to construct buildings that are in line with the clients dream homes. The properties are uniquely designed. These buildings are constructed in prime locations using the world’s most sophisticated building materials. Moreover, the company partners with other organizations to provide the clients with a range of houses. Such partnership has seen the development of high-end projects such as the Trump International Golf Club. In addition, Hussein Sajwani has invested in global equities and capital markets. These investments are spread across different markets.
Learn more: https://www.damacproperties.com/en/investor-relations/corporate-governance/meet-our-board
Tony Petrello is currently the CEO of Nabors Industries Ltd., an oil drilling firm based in the United States. The name Petrello is popular for his huge annual salaries that have seen him appear among the most paid bosses in America. It is also significant when it comes to the area of neurological research as he advocates for clinical and research programs aimed at addressing the necessities of children living with neurological disorders.
Reasons why Tony Petrello did not top the 2014’s best-paid-bosses list
Tony Petrello did not emerge as the top best paid CEO in 2014 due to the resolve of the angry shareholders. Ever since Petrello became the CEO of Nabors Industries, the share price rose by about 180%, which is not a bad situation. However, this did not go down well with a number of shareholders when it was stcked against their CEO’s paychecks and perks. A majority of the shareholders did not support the board’s decisions to offer executive compensation plans that were generous in 2011 and 2012. Reference: http://people.equilar.com/bio/anthony-petrello-nbr/salary/503049#.WFq85pJuFuU
Anger kept rising from then on and the activist Blue Harbor Group and California State Teachers’ Retirement System led a rebellion of shareholders to intervene on the executive payouts of Nabors Industries. The company agreed to restructure its corporate governance and compensation practices in April, 2014. The roles of the CEO and chairman were split and the executive severance pay reduced to 3 times the salary and bonus of an executive. The shareholders got the right to vote in any member who had a minimum of 5% stake in the company to its board of directors. These changes affected Petrello ‘s chances of being the top paid boss in America.
Read more: The Prince and The Pauper; My College Roommate became an Oligarch
Tony’s Involvement with Texas Children’s Hospital Jan and Dan Duncan Neurological Research Institute
Cynthia and Tony Petrello have a daughter, Carena, who was born with a neurological condition that forces her to fight to achieve the normal development milestones in childhood since birth. They have donated $5 million (total commitment totaling $7 million) to the cause. They have personally committed themselves to lead in fundraising efforts to bring a research initiative to find the cure of their daughter’s condition to life. Carena was born early when she was 24 weeks old and weighed only 20 ounces. She was diagnosed with periventricular leukomalacia (PVL), a neurological disease common in premature infants. It is caused by the lack of blood or oxygen flow to the brain. Carena thus developed cerebral palsy and the Petrellos are wholly devoted to finding a cure. Tony Petrello is a member of the board of trustees of the texas Children’s Hospital.
About Tony Petrello
Tony Petrello got elected to the Board of Directors of Nabors Industries and executive committee of the board in 1991. He was previously based in the Baker & McKenzie law firm where he focused on international taxation, arbitration and corporate law generally. He was the managing partner of the New York office of the firm until his resignation (1986 – 1991). He holds a J.D. degree from the Harvard School of Law and B.S. & M.S. degrees in Mathematics from the Yale University.
Connect with Tony Petrello on LinkedIn
Title defects can be a costly problem for anyone working in real estate. The stagnation and delays are only some of the problems defects cause. They can present as a wrongful foreclosure making what would have been a simple process anything but. Being able to have the most accurate data possible is very important to anyone working in real estate today. The launch of their new and updated website is good news for clients of Nationwide Title Clearing, Inc. They are now able to check property reports on line. Being able to identify and correct title defects in advance to make the process smoother benefits clients. While many title defects are the result of simple human error, others are not.
One of the more common title defects are not having the correct wording in a document, causing it to fail to comply with the standards of the area. Sometimes one party, usually a spouse, has not signed a real estate document. It the title to the document is not free of liens or encumbrances it will not be marketable. These are usually situations that can be cleared up ahead of time if the client knows about them. More serious problems occur if one person lays claim to a property owned by someone else.
Being able to check property reports online is a valuable tool for anyone interested in real estate. By being able to identify and then correct title defects in advance helps the transition become a smoother process. Nationwide Title and Clearing, Inc. now can allow their clients to order Assignment Verification Reports, Current Owner Reports, Tax Status Reports, and Tax Status Plus Reports. As well as Ownership and Encumbrance reports. All online with real time data to ensure the most current information available. Tier use of multiple sources ensures that the data they offer is the most current. Their customized reports are designed to help their clients save time and money when making property decisions.
Nationwide Title Clearing, Inc. is based in Palm Harbor, Florida. Founded in 1991 the privately-owned company has risen to be the leader in the residential mortgage industry. Of the top 10 mortgage lenders, investors, and servicers eight are with Nationwide Clearing, Inc. They specialize in providing assignment services, land records, lien release services, property records, and other customized business solutions.
Learn more: http://www.inc.com/profile/nationwide-title-clearing
If you are looking to grow your wealth while also preserving it from downside, then you are probably overwhelmed by the amount of options out there. After all, you could choose from a number of different kinds of investors, brokers, and banks. However, when it comes down to it, there is really only one kind of bank that you need: an investment bank.
Investment banking brings three primary benefits: security, growth, and options. Firstly, the amount of security and discretion from investment bankers is the best in the world. They are highly trained and have the resources to secure your communications, transfers, and holdings. In addition, they will help you grow faster than other, small operations, who may not have the amount of staff available. Finally, you’ll simply enjoy more investment vehicles and options.
Your wealth is important. Not only do you have a responsibility to yourself, but also your family, friends, community, and causes that you support. Don’ put your wealth in the wrong hands. Choose the right vehicles and have the right amounts and timing of investments by going with investment advisors who care about you, such as Martin Lustgarten.
Martin Lustgarten is a skilled investment advisor with many years of experience in the industry of finance and investing. He has helped his clients have immense returns in a quick time frame, with a keen sense of emerging trends to capitalize on every opportunity.
Not only does Lustgarten help people grow their wealth, he also helps them prevent a disaster from economic instability, which is common today. He watches out for upcoming downturns and repositions their portfolio to avoid loss as much as possible. He also does this for himself as well. He is a resident of the U.S. based in Florida. However, he is a national of Venezuela and Austria. This gives him a unique viewpoint. He believes in having international diversification to spread risk around while also being able to tap into hot markets. Other investors often look to his decisions to advise their own clients before making a move, due to his high intelligence and experience in the investment industry.
The news that the United Kingdom had voted to exit the European Union came with immediate economic effects in the region. There was a drop in European stock markets by nearly 12 percent. The decision also led to the devaluation of the pound sterling that fell to the lowest level recorded since 1985. Financial expert, Flavio Maluf, holds the opinion that the departure from the EU will have lasting effects on the world’s economy.
Flavio Maluf is a Brazilian businessman and mechanical engineer who attended Armando Alvares Penteado Foundation (FAAP). He is one of Paulo Maluf’s sons. He is the current president of GrandFood, which owns 2 feed brands namely Golden and Premier Pet. He also heads Eucatex, a successful sheet metal factory that was started in 1951, that manly operates in the furniture and construction sectors.
Flavio Maluf’s Take on UK’s Exit
1. The British Economy
According to official EU financial figures released in 2014, the UK is the union’s biggest contributor having channeled over €11.3 billion through the union, and received about €6.9 billion. This caused inflationary pressure in the country’s economy. Its exit will reduce this pressure. However, it will also isolate it from other EU member states in terms of free movement of goods and people.
2. Impact on the Region’s Foreign Trade
Under the EU charter, member states are free to carry out trade without the application of quotas and tariffs on products from different countries. The exit of the UK from the European Union will expose the country to new trade rates that will negatively impact its foreign trade. However, this will also allow the UK to enter new trade agreements with countries like Brazil.
3. Consequences to Brazil’s Exports and Imports
Brazil is now free to enter new bilateral trade agreements with the United Kingdom. Currently, the UK represents a paltry 2 percent of Brazil’s exports.
4. Impact on the European Union
The exit of UK will significantly change the economic, social and political structure of the European Union. Economically, the EU is largely supported by the UK, Germany and France. With the UK gone and France facing economic woes, it will be up to Germany to sustain the EU.
Keep up to date with what happens by following Flavio on social media, including his Twitter account.