An inside look at Fortress’s co-chairman, Peter Briger

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Peter Briger is a name that echoes loudly in most finance boardrooms thanks to his prowess in underrated credit investments as well as distressed debts. Currently a principal and co-chairman of Fortress’s board of directors, it is surprising to know that Peter Briger started as a management committee member when he joined the company in 2002.

However, his unique skills soon saw him get promoted to the position he holds now, that is overseeing Fortress’s credit and real estate departments. Peter Briger stands out from most influential individuals in finance thanks to his ability to take risks. For instance, Peter invests in what most people refer to as bad debts, revamps them and then keeps them until the market is in good shape then resells them at a profitable price. When Peter was made the manager, he started with a small team of employees but today thanks to his impressive set skills, he has successfully expanded it to over 300 staff members.

Peter’s presence at Fortress Investment Group has brought nothing but success to the company. Ever since he first joined the company, Peter Briger has contributed significantly to Fortress’s success. It is, however, no surprise considering he spent over a decade at Goldman Sach’s dealing with distressed debts and undervalued assets. Peter was also instrumental to the success of Goldman Sachs as he joined the company during its early years and by the time he left, he and another colleague had turned its fortunes around as it is still considered one of the most successful companies in credit. While at Goldman, Peter Briger served various committees as well such as the Whole Loan Sales and Trading business. View his website at peterbriger.com

His unrivaled skills in this area of finance have also seen him reap massive rewards as he now ranks 407 on Forbes with a net worth of over $2.3 billion.

Peter’s background

Apart from his impressive career resume, Peter Briger also boasts an incredible academic background. He attended the University of Penn’s business school and Princeton from which he holds an MBA and a BA respectively.

Peter understands that a little help can go a long way in changing someone’s life which is why together with two likeminded individuals who like him are also alumni of Princeton they established an alumni fund to support graduates with great business ideas make them a reality.

Click here to learn more of Peter Briger.

 

Louis Chenevert’s Early Life And Accession To Coveted Positions In The Manufacturing Industry

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When starting out in the manufacturing industry, Louis Chenevert had no more than academic papers and an undying hunger for success. This manifested in his interests in business and entrepreneurship and would play a key role in helping him scale up the career ladder. While he started as an automobile industry operator, he would retire from a CEO’s position with the prestigious United Technologies Corporation (UTC).

Early life

Louis was born and raised in Montreal, Quebec, and would soon join Montreal University where he majored in Production management. Coming from a relatively humble background at a time when the region was undergoing explosive industrialization, Louis Chenevert developed key interests in entrepreneurship and business. More importantly, he understood the importance of hard work in both career and business success at an early age. These skills would come in handy in helping him scale up the career ladder in both the automobile and aerospace industries.

Bold career moves

Louis Chenevert started out as production assembly supervisor with General Motors plant in Quebec. His dedication to the success of the plant, commitment to the production of quality products, and a keen eye to details gained recognition from the company President, Guy Hachey.

While referring to Louis as one of the best executives to have ever worked under him, Hachey mentioned that the production lines leave no room for mistakes and Chenevert’s ensured that the company did not report defects. Hachey would also play a key role in encouraging Louis to transition from automobile to aerospace industries.

He would first take up a position with Pratt & Whitney Canada where he helped the plant cut down no operational costs by over 10 percent. Louis Chenevert was then named President of the struggling Pratt & Whitney. His innovative approach to factory processes and excellent staffing and organizational skills would, however, help the UTC subsidiary regain profitability.

Moving to United Technologies

Louis Chenevert’s contributions to PWC Canada and the United States saw him tapped for the Chairman’s position at United Technologies. At the time of his retirement from UTC, Louis served as the Corporations Chairman and Chief Executive Officer. He also helped the manufacturer make its biggest move yet, the mass production of Geared Turbofan (GTF) Engine. Today, Louis maintains an advisory post with Goldman Sachs merchant banking division.

https://medium.com/@louischenevert6/who-is-louis-r-chenevert-c1ae95052bce

The Journey That Vinod Gupta Has Been Through To His Current Business Success

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Vinod Gupta was born in India in 1946. He has managed to beat all the odds and turn into the massively successful entrepreneur that he is today. Vinod started his entrepreneurial journey by borrowing a $100K loan, and with less than two decades, Vinod Gupta has turned it into an investment fit for the entire country.

 

His first investment, a list compiling company was a massive success, which helped him buy off a number of IT related companies. Vinod Gupta is currently the CEO of his startup the Everest Group, which specializes in giving venture capital to database technology startups. Here are some Business Lessons that he shared about growing a business and succeeding as an entrepreneur.

 

When asked where the idea of the Everest Group came from, he stated that after graduating from the University of Nebraska, he was contracted to work for Commodore. It was then when he was given the task of compiling a list of mobile home dealers in the country. He discovered that there was no such list in existence and immediately, an idea to create one came to mind. View Additional Info Here.

 

When asked how his typical day looks like, and how he makes it productive, he stated that he likes spending his time building and capitalizing on the long-term success of any business idea which he comes up with, as opposed to focusing on the short term.

 

When asked how Gupta brings ideas to life, he stated that he likes giving all the products and services he comes up with a test run for the market before the launch. He states that the only way to know whether a business idea is marketable or not is by testing it.

 

Vinod Gupta is a successful entrepreneur, who believes that for a business to be successful, one has to put all their efforts to ensure it is successful.

 

Source Link: https://medium.com/@vinodgupta1/vinod-gupta-shares-advice-on-how-to-succeed-in-the-modern-world-ad76442a8b26