Category: Businessman

Anthony Petrello Earning Big In The Corporate World

Anthony Petrello is the president and CEO of the Nabors firm, a position he assumed since back in 2011. Nabors, which is a global oil, geothermal and natural gas drilling company, has seen substantial growth thanks to the plausible leadership experience and skills of Mr. Petrello.

Apart from sitting at the executive helm of the Nabors, he also serves as the chairman of the firm’s Board and chairman of the Executive Committee of the board. He joined the firm when he was appointed to the Board of Directors and the Executive Committee of the board back in 1991. Since then, he has held several coveted positions in the firm including his tenure as the COO and the Deputy Chairman of the Board. He is mainly tasked with the executive duty of offering strategic direction as well as planning, which has seen the company adapt and prosper in the volatile dynamic competitive business environment.

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Tony Petrello‘s career path is one decorated with numerous achievements both in the academic and practical world. He worked for a Law firm named ‘Baker & McKenzie’ before joining Nabors in 1991. His practice at the firm focused mainly on matters relation to taxation, international arbitration and general corporate Law. The Juris Doctor Degree graduate from the Harvard Law School also has B.S and M.S degrees in Mathematics from the prestigious Yale University.

Steering Nabors to expand its operations and subsequently spreading its focus to the global market, the firm accumulated massive profit margins. The milestone saw Petrello’s earning increased hugely, making him the best paid CEO in 2013. This was also expected in 2014 but due to the firm’s change of its corporate governance and compensation practices, which separated roles of the Chairman and CEO, his earnings were reduced making him fall off the ladder as the top paid CEO in the country in 2014.

Stephen Murray the Visionary Behind CCMP Capital

Stephen Murray was a successful private equity investor and philanthropist. Stephen Murray born August 2, 1962 passed away on March 12, 2015 at the age of 52. Stephen Murray held the title of president and chief executive officer of CCMP Capital until he resigned for health reasons. The company established in 2006 is a spinout from JP Morgan and focuses on making buyout and growth equity investments.

CCMP Capital collaborates with talented management teams to drive growth. Prior to becoming a successful investor Stephen Murray attended Boston College, graduating in 1984 with a degree in economics. In 1989 he attended Columbia Business School earning his master’s degree in business administration. Stephen Murray’s professional career began at Manufacturers Hanover Corporation, where he became part of the company’s training program in 1984.

Read more: Back to Business for CCMP Capital Advisors

Stephen Murray later joined MH Equity Corporation in 1989, which merged Manufacturing Hanover private equity group with its finance unit. There was a merger in 1991 between MH Equity and Chemical Venture Partners after Manufacturers Hanover was bought by Chemical Bank. Chemical Bank and Chase Manhattan Corporation merged in 1996 and Chemical Venture Partners went on to become Chase Capital Partners.

After becoming head of buyout business at JP Morgan Partners in 2005, Murray went on to co-found CCMP Capital a year later in 2006. He would later be named CEO of CCMP Capital in 2007. Stephen Murray served on a number of boards throughout his career. These boards include General Power Systems, Aramark, AMC Entertainment, Pinnacle Foods, Warner Chilcott, the Vitamin Shoppe, Cambelas, and Legacy Hospital Partners.

Stephen Murray was not only the co-founder of CCMP Capital but also a philanthropist. He served as vice chairman of the board of trustees at Boston College which he supported. He was also a member of the chairman’s council of the Make a Wish Foundation of Metro New York. He also supported the Stamford Museum, the Food Bank of lower Fairfield County, and Columbia Business School. Murray was survived by his wife Tami A.Murray and their 4 sons.

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JustFab Was Created by Don Ressler

Don Ressler is known throughout the tech world as someone who is able to launch incredibly profitable startups seemingly at will. However, Don wants people to understand that launching big tech startups is not nearly as easy as he often makes it seem. He has talked at great length about the amount of work he puts into all of his projects. Don Ressler will regularly work 18 hours each day in the weeks leading up to the launch of one of his startups. There are many important decisions to be made during this critical period prior to a startup launch. Therefore, Don needs to be involved in all of these decisions. He is admittedly not very good at delegating responsibility. He wants to be involved in every aspect of the startup.

Read more:
Don Ressler, CEO of Fabletics by Kate Hudson – Our Interview
New sizes for JusFab

JustFab is one of Don’s most successful creations. It came from an idea that Don had when he was looking at some of the other clothing websites that were out there. He was very unimpressed with the state of the industry. He believed that he could do better. Don Ressler contacted some venture capitalists that he had worked with before on several projects to get the necessary financing together. He then surveyed many women in an effort to determine which brands of clothing that he should sell. He wanted to be sure that his new website had all of the most popular brands in stock.

JustFab did not take long at all to catch on with the public. It had an immediate impact in European countries like France. The amount of subscribers in these foreign countries exceeded even the most optimistic of predictions. Don could see that all of his hard work prior to the launch of this site had paid off in a big way. He then had another idea that would allow him to capitalize on the success of JustFab. He started an athletic apparel site called Fabletics. Don Ressler could see that the athletic clothing industry was ready to explode. Therefore, he wanted to get involved early so he could start to develop the brand of his site and gain a following before there was a lot of other competition. As usual, Don’s decision was a good one. Fabletics had the same type of monumental success that was enjoyed by JustFab. Now Don spends much of his time giving lectures to young people who want to launch a startup of their own.

Stephen Murray’s Impressive Career at CCMP

Stephen Murray was a big part of what made CCMP Capital what it is today. Not just because he was one of the co-founders, but because of his experience and out of the box thinking. It could be said that Stephen changed the way people thought of private equities. His role in the company’s founding seems minor in comparison to the strategies he implemented and the company growth he was responsible for. The bright future as CCMP Capital that Stephen imagined he would have, sadly, was cut short. In March of 2015, it was announced that Stephen Murray had passed away.

The young man that graduated from Boston College with a degree in economics had such high hopes in 1984. Five years later, he continued pursuing his high hopes and earned himself a Master’s degree from Columbia Business School in business administration. It was very apparent to Stephen Murray that he belonged in the world of finance. It was a world that attracted him because of the constant challenge it would give him. He liked to think that he could overcome any obstacle and get the job done in the most successful and profitable way possible.

Read more:
Former CCMP CEO Stephen Murray Dies at 52
5 Questions with Stephen Murray, CEO of CCMP Capital

The illustrious career Stephen has had all started in 1984 when he became a part of the credit analyst training program. The Manufacturers Hanover Corporation, the company that ran the program, allowed Stephen a glimpse into the real-life world of finance. Five years later, he joined MH Equity Corporation. Together with Manufacturers Hanover’s private equity group, the two leveraged their finance unit. The partnership did not last long, as Manufacturers Hanover was eventually bought out by Chemical Bank. In 1991, Chemical Bank and MH Equity merged and formed a new company called Chemical Venture Partners. In 1996, they merged with Chase Manhattan Corporation and became Chase Capital Partners. Murray’s career really took off in 2005 when he was named Head of buyout business for JP Morgan Partners. It was shortly after this that he co-founded CCMP Capital. In 2007, he became CEO of the company, a position he held until he left the company due to his failing health.

Aside from his successful career, he was also an avid philanthropist. Murray invested a lot of interest into the Make-A-Wish Foundation. He gave a lot to the Food Bank of Lower Fairfield and Stamford Museum.

Panama is a treasure trove of things for tourists to do and it is generally open to welcoming the tourists to the destinations. Adrián José Velasquez Figueroa has compiled a list of the ten best places for tourists to visit in Panama.

1. The Panama Canal is something that you can’t get away from. You will likely see it when you are flying into the country and it provides you the chance to see one of the many wonders of the world.

2. If you’re staying in Panama City, plan one day of activity in this fun city. You will be able to see what it is like to live there.

3. Adventure awaits for you on the islands of Bocas del Toro on Youtube. You can get a taste for wild jungle life when you visit these islands. Make a day out of exploring the lush greens.

4. The San Blas islands are much different from the adventure-related islands because they are set up for tourists like Adrián José Velasquez Figueroa. You can find many fun attractions when you visit these islands.

5. The Santa Catalina experience is one that you would expect in a luxury-filled trip. Try it out without having to pay the outrageous prices of luxury.

Read more: Adrián José Velasquez Figueroa: Los 10 Mejores Lugares para Visitar en Panamá

6. Boquete is a small town that is close to the coast and gives you a feel for authentic Panama on Make sure that you don’t appear too touristy in this location.

7. At the Gulf of Chiriqui, you can see what island life is like when it meets small town living. The gulf is cut out for tourists and has many things that you can do.

8. The Baru Volcano is a great sight to see. While the chance is always there, you probably won’t see it erupt while you are visiting so you are safe like Figueroa.

9. The Pearl Islands are just what their name implies: pearly. You can dig for shells, find some great beach finds and relax on the pearly sands while you are here.

10. Since the Valle de Anton is further inland, it is the perfect trip for a rainy day in Panama. Cross it off of your list of authentic things to do while you are visiting.

Adrián José Velasquez Figueroa knows that there is a lot that Panama has to offer. That is why he suggests doing all of these things so that you won’t miss out on the opportunities there.

An In-Depth Look Into The Life Of George Soros And His Sudden Re-Emergence

Born in 1930, George Soros is a successful entrepreneur and his journey in business has earned him a position among the most respected billionaires in America and the world at large. He has founded several companies and affiliations like F.M Mayer, Arnhold & S. Bleichroeder, Wertheim & Company and Soros Fund Management.

Soros is also an active supporter of political activities and his first overwhelming appearance was in September 1992 when he placed a risky investment of $10 billion on currency speculation. He was right on his prediction and made a whooping $1 billion profit on this day day, according to an Investopedia article.

Sudden re-emergence
People have known George Soros as a strong supporter of what he believes in, something that has driven his businesses to the peak. Recently, Soros made a comeback with a $25 million splash directed at 2016 Hillary Clinton’s presidential campaigns. He had made such a donation back in 2004 during his campaign to unseat President George Bush, but later changed his mind.

According to Politico, he is expected to give more as the elections draw nearer. His advisor Michael Vachon in an interview with Politico alleged that Soros is a consistent donor and his support for the Democratic will remain stronger now that Hillary, whom he has had a good relationship with for many years, is contesting for the presidential seat through the party.

The most recent Forbes estimate placed his net worth at $24.9 billion and his comeback is seen as a major contribution on that will push the party to retain the control of the White House and emerge with the majority in the Senate.

Apart from business, George Soros has also authored several books touching on business and socio-economic issues facing the world. He published his first book The Alchemy Of Financein 1988. His interest in politics has come as a challenge to the opponents of Hillary as he has pledged to even inject more support to her campaign and journey to the White House.

Investment style
George Soros is a renowned expert in translating broad-brush trends in the business world. He has worked as a short-term speculator and his bets have always been huge and accurate most of the time. His belief on the fact that financial markets can be chaotic has allowed him to leverage strategies that have earned huge profits.

As of 2000 when he retired, he had won major bets in the financial markets, earning him and his associates billions in profits. Although he made few mistakes during his journey in business, he remains one of the wealthiest investors in the world. Soros’ successful Quantum Fund continues to bring in profits many years after establishment.

Don Ressler On Reaching As Many Customers As Possible

A large part of business success is in reaching the maximum amount of customers. This is one of the reasons that Fabletics is expanding beyond the Internet into the physical world on Pando. While a lot of people are able to shop online and present their credit card information, there are still a significant amount of people who rarely if ever shop online. As a result, they are more likely to window shop on the website because they are not willing to spend money online and wait a little while to get their items. Don Ressler has decided that he is going to expand the business to reach this customer base.

One advantage that people see in physical locations is that the clothing that is available at Fabletics can be tried on. For Ressler, Fabletics has a fitting room that allows people to try on their products and find the right size. Only people that have perfect sense of their own size could be able buy the right products online. Fabletics getting a physical location will help people find out what size fits them. They could also figure out the type of the fit they want from their clothes. They could go for a tight fit or a loose fit.

Another advantage of a physical location is that the customer can try on her product as soon as she gets it. There is no waiting period for the item to arrive in her home.  Ressler has understood that there is a large audience for the physical location. There are also people that enjoy the social aspects of shopping for clothes. For instance, there are a ton of people that want to wander around in an environment that has a lot of shops and people. Ultimately, Don Ressler understands the convenience of shopping at the retail store over shopping online.

Don is making an effort to reach as many customers as possible. After all, he wants to encourage people from all walks of life to try on the products that he is selling. Don Ressler especially wants people to experience the unique products that he has to offer for customers through JustFab and its subsidiaries. 

Bruce Levenson – A Great Businessman And a Philanthropist

Bruce Levenson is a well-known American businessman, Philanthropist and one of the former owner of the NBA team. His place of birth is Washington, D.C to a Jewish family. He grew up in Chevy Chase, Maryland. Bruce went to Washington University, and he later graduated from the American University law school. He began his career as a journalist as he was attending the American University. Levenson has a J.D. from the American University and Bachelor of Arts degree from the Washington University. He used his journalism as a stepping stone to becoming one of the greatest businessman and a philanthropist. Besides engaging himself in business, he has embraced charity work to the fullest.

Bruce Levenson is the co-founder as well as a partner at the United Communications Group. He is the owner of the Atlanta Spirit LLC which is currently the Atlanta Hawks LLC. Hawks deals with the Phillips Arena and Atlanta Hawks-Basket Ball Team. Since the year 2004 according to ESPN, Levenson has served as the Atlanta Hawks’ Governor specifically in the NBA Board of Governors. Bruce Levenson is also a co-founder of UCG alongside Mr. Ed Peskowitz. Regarding his journalism career, he used to write for Observer Publishing and Washington Star before co-founding UCG in the year 1977. Besides co-founding some organizations, Levensen has been a director in several entities including TechTarget which is an information technology media Company. Also, he has been an active member of the board of trustees in Newsletter and Electronic Publishers Association. Bruce Levenson has the heart for the less fortunate. He has engaged himself in several philanthropic activities. He has also been one of the presidents of the charity foundation known as the “I Have a Dream Foundation”.


Stephen Murray Leaves A Legacy With His Passing

Stephen Murray was an equity investor and philanthropist. At CCMP Capital, a private equity firm, he was the President and CEO. He graduated with a degree in economics from Boston College and earned his master’s degree from Columbia Business School in business administration.

His career started out as a credit trainee at Manufacturers Hanover Trust Co., where he rose to vice president of middle-market lending. In 1989, he joined a private equity unit of Manufacturers Hanover that was seemingly a CCMP predecessor. After three surprising mergers, Manufacturers Hanover became part of JP Morgan in the year 2000.

After becoming head of buyout business at JP Morgan Partners, Murray co-founded CCMP Capital to avoid any potential conflicts with the bank’s clients. CCMP Capital was a spinout of JP Morgan Chase which was responsible for containing the buyout and growth equity team of the private equity group. In 2007, he was named its CEO.

Stephen Murray also supported the Make-A-Wish Foundation, Boston College, Stamford Museum and the Columbia Business School. He sat on the board of trustees at Boston College as vice chairman and was also a member on the chairman’s council of the Make-A-Wish-Foundation.

He also sat on the board at Crestcom International, Infogroup Inc., Jetro JMDH Holdings, LHP Hospital Group, Octagon Credit Investors, Ollie’s Bargain Outlet and Strongwood Insurance Holdings on

Murray left CCMP in February of 2015. Though publicly the reason wasn’t announced, it was later discovered that the absence was due to health-related reasons. In March of 2015, Stephen Murray passed away at the age of 52. After his passing, Greg Brenneman (then-chairman) was named CEO in his stead.

Many were saddened by his passing, especially his coworkers who claim he was a terrific investor and deal maker. Stephen Murray is survived by his wife and four sons in Stamford, Connecticut.

Kyle Bass Continues To Make Bad And Unscrupulous Investments


When Kyle Bass was able to make money during the subprime mortgage crisis in 2008 many people called him a genius. Now Bass, the hedge fund manager at Dallas-based Hayman Capital, sees his main fund down 7% while the S&P 500 is up 1.3%. According to the Wall Street Journal the cause of the slippage is that Kyle Bass followed bad advice given to him by T. Boone Pickens. Pickens reportedly intimated oil prices would rise. Now while consumers enjoy low gas and oil prices, fund manager Kyle Bass seems headed for a loss for the third year in a row.


According to the Journal in March 2015 T. Boone Pickens, the legendary Dallas energy guru, told Bass domestic oil supply wouldn’t exceed domestic storage capacity. Based on that information Bass decided to bet oil prices would get much higher than they’ve been in years. But Pickens he has been saying for years that oil prices are on the verge of rebounding. That has not happened. Some say Bass didn’t have to take Pickens’ advice if Bass’ other research didn’t show the same thing. Bass is still betting on a rebound in oil prices and the massive opportunity in energy.


According to another recent article Kyle Bass is simply a desperate gambler that got lucky in 2008. They point to his series of bad investments and eagerness to get on camera and offer analysis that boosts his bottom line. Bass has been pilloried in some corners for his alliance with and championing of the irresponsible economic policies of Argentinian despot, the corrupt Cristina Fernández de Kirchner. Under her leadership Argentina’s economy has tanked and the country has defaulted twice on its sovereign debt. Plus she and her cronies have looted Argentina’s coffers.


Founder of Hayman Capital the $1.6 billion Dallas based firm, Kyle Bass, also said victims of GMs faulty cars lost their lives because of their own negligence. That’s because he had invested in GM stock. Bass has also participated in a loathsome scheme that harmed millions of patients so he could make money short-selling stock from pharmaceutical companies.