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| Today's Thought-The BP Cap CEO |
| Tuesday, March 31, 2009 |
 T. Boone Pickens is well known for his involvement as the chair of the hedge fund BP Capital Management and his advocacy of US independence from foreign oil through alternative, renewable power sources. Pickens has also been listed as one of the richest Americans by Forbes magazine and has given over $700 million to charity.
Thomas Boone Pickens, Jr. was born on May 22, 1928 in Holdenville, Oklahoma to a father who leased land rights (oil and mineral). As a boy, Pickens ran a paper route with 28 deliveries which he quickly expanded to 156. Pickens would later attribute this early business practice to his later success in acquiring and expanding businesses.
In the late 1930s, Pickens and his family moved from Oklahoma to Amarillo, Texas. After finishing his high school education, Pickens attended the University of Texas A&M, later transferring to Oklahoma A&M (now called Oklahoma State University). Pickens graduated with a degree in geology in 1951 and soon found a job with Philips Petroleum. He worked at Philips until 1954, after which he worked with exploratory well digging. In 1956 Pickens founded Mesa Petroleum.
Mesa grew quickly under T. Boone Pickens' watchful eye and eventually acquired Hugoton Production Company which, at the time, was more than 30 times as big as Mesa. Pickens continued to grow his business and, by 1981, Mesa had become one of the largest independent oil companies in the world. Pickens continued to purchase smaller companies but also set his sights on larger targets including Gulf Oil, Philips Petroleum, and eventually Diamond Shamrock. While not all of his takeover attempts were successful, Pickens became well known for his ruthless attempts at acquiring new companies.
In 1989 Pickens moved Mesa to Dallas where, eight years later, he founded BP Captial Management (named for Boone Pickens and not associated with British Petroleum) which has two hedge funds, Capital Commodity and Captial Equity, both dealing with oil and natural gas. Pickens' own stake in the funds earned him $2.7 billion in 2007.
In 1997 T. Boone Pickens created the Pickens Fuel Corp., a company promoting the use of natural gas a cleaner-burning fuel-alternative for automobiles. As a result of his research and efforts in the oil industry, Pickens has supported the claim that the world's oil supply is on the decline and that companies need to start investing in not only alternative fuels, but also domestic sources. The company was renamed Clean Energy in 2001.
Pickens first started warning the public against high oil prices in late 2007. His predictions of one barrel of oil costing more than $100 became a reality in 2008 when the prices shot up to $145 and eventually settled under $110. Pickens has since warned that there is a cap on oil production and that the US needs to find alternative, domestic, renewable energy sources to cut the price to the consumer as well as decrease the dependence on foreign oil.
In June 2007 T. Boone Pickens began promoting the world's largest wind farm which he planned for the northwest corner of Texas. According to his plan, Pickens' wind farm would produce up to four gigawatts of electricity and include up to 2700 wind turbines on almost 200,000 acres of the Texas Panhandle.
In July of 2008, Pickens introduced "The Pickens Plan", a proposal to reinvent US energy resources by promoting oil-alternatives such as natural gas, wind power, and solar energy. A major part of his plan is to replace current natural gas demands with wind power, freeing up the gas for use in other areas like automotive fuels. The Pickens Plan promotes the idea of using the central areas of the US that run from Texas up to Wisconsin and Minnesota as the primary field for collecting wind energy. This area, also known as the Great Plains (and sometimes Tornado Alley), has some of the highest potential for wind energy in the world. According to Pickens, the plan would not only promote jobs, but also create a central location for energy resources in the US due to it's equidistant location between the two coasts.
Over the course of his career, Pickens has contributed hundreds of millions of dollars to various charities and Universities including Oklahoma State University, relief efforts for Hurricane Katrina, The University of Texas, and various programs supporting the well-being of families, children, teenagers, and animals.
WYD Team
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posted by Win Your Dreams @ 9:57 AM  |
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| Today's Thought-The JMFamily CEO |
| Monday, March 30, 2009 |
(JM Family),a diversified automotive company with more than 4,600 associates. The company’s principalbusinesses focus on vehicle distribution and processing, finance and warranty services, insuranceactivities, retail sales and dealer software products and services. JM Family is ranked by Forbesmagazine as the 23rd-largest privately held corporation in the United States.
It is currently ranked No.33 by FORTUNE as one of the 100 Best Companies to Work For, its 11th consecutive year on the list.The company is also ranked No. 7 on Computerworld’s list of “100 Best Places to Work in IT.” Aspresident and CEO, Brown heads the strategic planning for the entire organization. He also leads JMFamily’s Executive Management Team, which oversees the development and implementation of thecompany’s objectives and strategies for future growth.
Brown directs all of JM Family’s businesses, including Southeast Toyota Distributors, LLC, the world’slargest independent distributor of Toyota and Scion vehicles; World Omni Financial Corp., a diversifiedfinancial services company; JM&A Group, one of the largest independent insurance and extendedwarranty groups of companies in the U.S.; JMsolutions, a dealer-focused technology products andservices company; JM Lexus, the largest volume Lexus dealership in the world; JM Service CenterLLC, the company’s internal shared services center; and the JMFE Corporate Group, an inter-relatedservice-oriented group of departments that support JM Family’s businesses.
Brown joined the family-owned business in 1992 as vice president and general counsel. He wasappointed chief operating officer in 1997 and president in 2000. He was named CEO in January 2003,becoming the first non-family member to hold the titles of first president and then CEO.Before joining JM Family, Brown served as general counsel and a member of the senior managementteam for two FORTUNE 500 companies.
He was senior vice president, general counsel and secretaryfor Fuqua Industries, Inc. in Atlanta, Ga. and, prior to that, served as senior vice president and generalcounsel for Cannon Mills Company in North Carolina. He received his initial training as an associateof the Wall Street law firm of Simpson Thacher & Bartlett in New York City.In April 2005, Brown was nominated by Governor Jeb Bush to serve as a member of The FloridaCouncil of 100, which is comprised of the state’s key business leaders and serves to promote theeconomic growth of Florida and improve the economic well-being and quality of life of its citizenry.
In2008, Brown became a member of the Board of Directors for the Automotive Hall of Fame, anorganization dedicated to recognizing outstanding achievement in the automotive and relatedindustries. He also has served on the Board of Directors for the Broward Workshop since 2003 - aforum of top business leaders that addresses critical issues facing Broward County.
Beginning in 2005, Brown has served on United Way of Broward County’s Board of Directors. Among hiscontributions is having helped the organization develop its Community Impact Model, designed toenhance donor interest, increase funding for pressing issues facing Broward County and improveoutcomes for people in need. He is also a member of the organization’s Tocqueville Society, founded byUnited Way of America to recognize people who have rendered outstanding voluntary service in theircommunities.
As president and CEO of JM Family, Brown leads the company’s annual United Waygiving campaign.Additionally, since naming Habitat for Humanity of Broward as one of JM Family’s signature programpartners in 2004, Brown has led the company’s support of the organization through both corporatecontributions and volunteerism. Results include JM Family having built 18 Habitat homes in SouthFlorida alone, with Brown spearheading and participating in related volunteer efforts of all associates. Healso initiated the effort to roll out companywide participation of Habitat for Humanity in all of JM Family’smajor business locations.
Brown is a former board member of the National Conference for Communityand Justice (NCCJ) and served as chair of the 2004 Urban League of Broward Equal Opportunity DayAwards Dinner.Brown graduated from Duke University School of Law with a juris doctorate and holds a Bachelor of Artsdegree from Williams College in Williamstown, Mass. Raised overseas in a Foreign Service family,Brown resides in Boca Raton, Fla.
He is on the Board of Advisors for Duke University School of Law andis a board member of the Williams College Alumni Fund.Founded in 1968, JM Family has grown from a core distribution business into a diversified automotivecorporation. Headquartered in Deerfield Beach, Fla., the company has major operations in Jacksonvilleand Margate, Fla.; Commerce and Alpharetta, Ga.; Mobile, Ala.; and St. Louis, Mo.
WYD Team Go Green ! |
| posted by Win Your Dreams @ 9:31 AM |
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| Today's Thought-The COX Chairman |
| Friday, March 27, 2009 |
 JAMES C. KENNEDY , ChairmanCox Enterprises, Inc.
James C. Kennedy is chairman of privately-held Cox Enterprises, Inc., one of the nation’s leading media companies and providers of automotive services. He is the grandson of former Ohio Governor and presidential candidate James M. Cox, who founded the company in 1898. He also serves as chairman of the board for Cox Radio, Inc.
Kennedy has been with Cox since 1972, starting as a production assistant with Atlanta newspapers, where he held various positions including reporter, copy editor, advertising salesman, business manager and executive vice president/general manager. In 1979, he was named president of Grand Junction (Colorado) Newspapers, Inc. and, a few months later, publisher of the Grand Junction Daily Sentinel.While at the Daily Sentinel, he served as Chairman of the Colorado Division of Wildlife Commission and was awarded Conservationist of the Year.
In 1985, Kennedy transferred back to Atlanta as vice president of Cox Newspapers, a subsidiary of Cox Enterprises. He was named executive vice president of Cox Enterprises the following year, and in January 1988, Kennedy was named chairman and chief executive officer.
During Kennedy’s tenure, Cox Enterprises has increased in annual revenues from $1.8 billion in 1988 to $15 billion at year-end 2007. Today, Cox is a top-10 nationally ranked player, based on revenues, in every major category where it competes. The company has 78,000 employees located throughout the U.S. and abroad, and operates 300 separate businesses.
Two subsidiaries – Cox Communications, a leading broadband communications company, and Cox Radio – became publicly traded since Kennedy has been CEO. In December 2004, Cox Enterprises completed the acquisition of the publicly held minority interest of Cox Communications in the single largest cash transaction in the history of American business. Under his leadership, Cox has also expanded its Internet portfolio, which includes an equity stake in AutoTrader.com, the leading auto classifieds marketplace and consumer information website.
Kennedy currently serves on the boards of Ducks Unlimited, Atlanta Committee for Progress, the PATH Foundation and is also a former president of Wetlands America Trust, Inc. He was inducted into Georgia State University’s J. Mack Robinson College of Business Hall of Fame in 2004 and was bestowed an honorary doctorate of humane letters from Kennesaw State University in 2003. Jim and his wife Sarah were recognized as the 2003 Philanthropists of the Year by the Greater Atlanta Chapter of the Association for Fund-raising Professionals in recognition of their many contributions to the community.
A former competitive cyclist, Kennedy is a past Masters National, Pan American and World Champion in the 3000 meter pursuit. He served as captain of a four-man team that won the Race Across AMerica (RAAM) in 1992, setting a world’s record. In 1994, the same team finished second, establishing a new American record. Kennedy was also one of five named to the United States Cycling Federation Master’s All-American team and was the honorary chairman of the 1993, 1994 and 1995 Bike Tours of the National Multiple Sclerosis Society’s Georgia Chapter. In 1997, he was named the honorary chairman of the Tour de Cure cycling event benefiting the American Diabetes Association.
Born in Honolulu, Hawaii, Kennedy holds a bachelor’s degree in business administration from the University of Denver.
WYD Team
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| posted by Win Your Dreams @ 9:37 AM |
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| Today's Thought- The Fidelity CEO |
| Thursday, March 26, 2009 |
 Edward Crosby "Ned" Johnson III (born 29 June 1930) is an American investor and businessman who, along with daughter Abigail Johnson, runs Fidelity Investments.
With an estimated current[update] net worth of around $11.0 billion, he is ranked by Forbes as the 28th richest person in America. His daughter Abigail has a net worth of $15 billion as of this writing. He is a scion of a prominent Boston family, the "Perkins" family.
With family, controls Fidelity Investments, America's largest mutual fund company. Assets under management: $1.3 trillion. Father, Edward II, acquired FMR 1946; phenomenal stock picker. Ned joined firm as an analyst 1957, president 15 years later. Created mutual funds for almost every investment strategy. Renowned for frugality, reduced ownership for estate planning 1995; family still holds 49% stake. Daughter Abigail (see) serves as Employer Services chief.
Ned Johnson is a native Bostonian, a man who has propelled the business started by his father into an investment company known worldwide for its long-term performance. Perhaps he is not the first person one would expect to find promoting the Japanese concept of kaizen. But kaizen, or “making small improvements in all areas of the company over an extended period of time” in the words of Johnson, is an accurate description of the impact this business leader has had on Fidelity Investments.
Ned Johnson stays out of the public eye, preferring to spend quiet time with his wife and three children, collect art and antiques, and play tennis. Despite a low profile, he has earned the respect of his community, his business peers, and Fidelity employees, who look forward to Johnson’s visits to their department floor. Often, he offers work process suggestions and new ideas. His involvement in so many different aspects of Fidelity’s business is testimony to the leadership of this influential entrepreneur.
Early in life, Johnson demonstrated an interest in machines. He enjoyed taking them apart and examining them to understand how they functioned. Eventually, what most intrigued him was the power of computers, and he learned as much as he could about them. Today, it is clear that the application of information technology, spearheaded by Johnson himself, provides a strong competitive advantage to his successful company.
Johnson joined Fidelity, the family business, as a stock analyst in 1957 immediately after receiving his bachelor’s degree from Harvard. Said his college roommate, “He wasn’t a scholar, but he was reading a Wall Street Journal before I even knew what it was.” So eager was he to be judged on his own merit, Johnson referred to his father as “Mr. Johnson” while at the office. From 1961 to 1965, Ned ran Fidelity’s Trend Fund, which ranked No.1 among growth funds throughout the period. In 1972, he was named president of the company.
Ned Johnson is credited with bringing about profound change, not only to this private investment company, but also to the industry at large. His innovations include the introduction of check writing on Money Market funds as well as identifying and entering the enormous market for supplying discount brokerage services to banks, insurance companies, and consumers. Johnson’s vision and risk taking have moved the company forward for more than 35 years and he has always had an eye toward the long-term success of the business.
Under his leadership, Fidelity invested in new computers and telephone systems, even in 1974, a year when assets dropped by one-third. These investments positioned Fidelity to better serve its customers in the bull market of the 1980’s, using innovations such as toll-free investor services and walk-in investor centers across the United States.
Ned Johnson became chairman and chief executive of Fidelity in 1977, and today holds the positions of CEO, chairman of the board, and director, FMR Corp. Even so, he is a frequent visitor to the computer room for updates on new technology, and follows stocks and funds from his desktop. In the Boston offices, he has been known to join the legion of telephone representatives so that he can learn from the customers, who are the best source for Fidelity’s ongoing innovations.
WYD Team
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| posted by Win Your Dreams @ 8:42 AM |
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| Today's Thought- The H.E.B CEO |
| Wednesday, March 25, 2009 |
Charles Butt chairman and CEO
Company: H.E. Butt Grocery Co. As an 8-year-old, Charles Butt began bagging groceries in his family’s stores — a business his grandmother had started with a $60 loan in 1905 on the ground floor of her home in the Texas Hill Country. Today, Butt chairs the privately held, San Antonio, TX-based H-E-B supermarket chain, with 320 stores, including 25 locations in Mexico, and $13 billion in sales. The third-generation grocer became H-E-B’s CEO in 1971, and has led the company’s evolution into a major regional retailer with significant vertical integration in food processing.
Described by a retail trade publication as “a benchmark for market domination,” H-E-B has gobbled up two-thirds of the local supermarket dollars in several Texas metro areas, “in the process offering some encouragement to grocers that have resigned themselves to living in Wal-Mart’s lengthening shadow.” Indeed, the company is today the nation’s 15th largest grocery chain based on revenue and the leading company of its kind in Texas. In 2006, H-E-B was number 11 on Forbes’ list of largest privately held companies and the largest privately held company in Texas. H-E-B is also known for its generosity, with 5 percent of annual pre-tax earnings given to civic and charitable organizations in the communities in which the company operates, including schools and food banks.
H-E-B manages to offer the customers varied store formats: from the H-E-B Plus stores of 140,000 square feet to its 75,000-square-foot specialty gourmet offering, H-E-B Central Market. Each is tailored to the demographics and ethnicities of its immediate neighborhoods, experts say. As Butt himself told Wharton Alumni Magazine in 1997, “The most important place a retailer can be is in the store. That’s where you can speak with customers personally and learn about their changing needs.” That fact stands out clearly in this down economy, as demographics shift, customer bases become more segmented and consumers alter their shopping patterns.
“We did a lot of format refining, which we think is important because of the increasingly bifurcated aspects of the American economy,” Butt, the chairman and chief executive officer of H.E. Butt Grocery Co., told SN.
“Income groups and lifestyle groups have become more distinctive in their taste differences. That requires continued tailoring of our upmarket stores, which includes using a lot of ideas from our Central Market format.” In addition to taking ideas from one format to another, tweaking product assortment in its value stores has become a priority for H-E-B.
WYD Team
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| posted by Win Your Dreams @ 7:46 PM |
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| Today's Thought-The Ernst & Young CEO |
| Tuesday, March 24, 2009 |
 James S. Turley Chairman and Chief Executive Officer, Ernst & Young
James S. Turley is Chairman and Chief Executive Officer of Ernst & Young, a leading global professional services organization providing audit, risk advisory, tax, and transaction services. With more than 100,000 people in 140 countries, Ernst & Young is one of the largest professional services organizations in the world. Jim began his career with Ernst & Young in 1977 in the US firm’s Houston office. Over the last 28 years, he has held a series of leadership positions throughout Ernst & Young.
Jim was named Metropolitan New York Area Managing Partner of Ernst & Young LLP in 1998 and was appointed Deputy Chairman in 2000. In July 2001, he became Chairman and assumed the role of CEO in October 2003. Based in New York and London, Jim serves as senior advisory partner for many of Ernst & Young’s largest global clients. As Chairman, Jim sets a clear and strong tone from the top, focused on quality, integrity, and professionalism. He has worked to create a high-performance work environment with a highly visible leadership commitment to “Quality in Everything We Do.” Ernst & Young has been consistently recognized by Fortune magazine as one of the 100 Best Companies to Work For.
Jim is actively engaged with many stakeholders as part of Ernst & Young’s commitment to enhancing the public’s trust in professional services firms and in the quality of financial reporting. He has encouraged dialogue with key stakeholders across the globe regarding the many changes facing the world capital markets, including the advent of the Sarbanes-Oxley Act in the United States, the introduction of International Financial Reporting Standards in more than 100 countries throughout the world, and the overall movement toward greater convergence of global accounting standards and global governance.
Throughout his career, Jim has actively supported numerous civic, cultural and business organizations. He is on the Board of Directors for Boy Scouts of America, Catalyst and the National Corporate Theater Fund. He is also a member of the Business Roundtable, Committee to Encourage Corporate Philanthropy and Transatlantic Business Dialog. Jim holds a Master’s and a BA in Accounting from Rice University in Houston, Texas. He enjoys sports, including golf and tennis. Jim and his wife, Lynne, have a 21-year old son.
Ask Jim Turley when he developed his intense focus on ethics and integrity, and he will say that it started his first day at Rice.
“You realize you are operating under an honor system,” he says. “I can still recite what I wrote on every exam and paper. You sign that statement, and it means something.”
To Turley, the importance of character can never be overstated. That is why values are such a huge part of the organization he leads. Turley is chair and chief executive officer of Ernst & Young. A Rice professor originally suggested he interview at that accounting firm, and Turley built his career there. From the Houston office, he moved up the ranks by way of St. Louis, Cleveland, Minneapolis, and ultimately, New York. His original assignment in New York was to lead the tristate area, which also includes New Jersey and Connecticut. Then, in 2001, Turley was asked to lead the firm. He assumed the additional title of CEO in 2003.
“I work with a great team in a great organization. We have 105,000 people in 130 countries, with $14 billion in revenue,” says Turley, who travels the majority of the time. “I have an office and flat in London, but it seems like I’m hardly ever there or in New York.”
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| posted by Win Your Dreams @ 9:01 AM |
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| Today's Thought-The HealthCare CEO |
| Monday, March 23, 2009 |
 Jack O. Bovender, Jr. is Chairman and Chief Executive Officer of Nashville, Tenn.-based HCA, the nation’s leading provider of healthcare services.
Bovender is a 35-year veteran of the healthcare industry and has worked at HCA for more than 20 years. He began his hospital administrative career in 1969 as a lieutenant in the United States Navy stationed at the Naval Regional Medical Center in Portsmouth, Va. He later served as Chief Executive Officer of Medical Center Hospital in Largo, Fla., and West Florida Regional Medical Center in Pensacola, both owned at the time by HCA.
From 1985 to 1992, Bovender held several senior-level positions with HCA, including Division Vice President in HCA’s Atlanta Division and President of HCA’s Eastern Group Operations. In 1992, he was named Executive Vice President and Chief Operating Officer for HCA.
Following HCA’s merger with Columbia in 1994, Bovender left the company to serve on the boards of several public and private companies, including Quorum Health Group, Inc., American Retirement Corp. and Nashville Electric Service. He returned to HCA in 1997 as HCA’s President and Chief Operating Officer. He was appointed to HCA’s Board of Directors in 1999 and was named President and CEO in 2001. He became Chairman and CEO of HCA in January 2002.
Bovender currently serves as on the boards of the Nashville Community Foundation, Nashville Area Chamber of Commerce, the Nashville Healthcare Council, the St. Luke’s Community House, Nashville Airport Authority and Duke University’s Fuqua School of Business. In addition, Bovender is a member emeritus of Duke University Divinity School’s Board of Visitors and Chairman of the Duke University Divinity School Capital Campaign Committee.
He also served on the Board of Governors of the American College of Healthcare Executives (ACHE), an international professional society of nearly 30,000 healthcare executives, and also is a member of the Business Council and the Listed Company Advisory Committee to the New York Stock Exchange.He received his bachelor’s degree in psychology from Duke University in 1967 and his master’s degree in healthcare administration from Duke University in 1969. Bovender and his wife, Barbara, live in Nashville. They have a son, Richard, who is a graduate of Syracuse University. Bovender was born on August 16, 1945.
WYD Team
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| posted by Win Your Dreams @ 8:45 AM |
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| Today's Thought-The Bechtel CEO |
| Friday, March 20, 2009 |
 Riley P. Bechtel
Chairman and Chief Executive Officer.
Riley P. Bechtel, 56, is chairman, chief executive officer, and a director of Bechtel Group, Inc.
Mr. Bechtel joined the company in 1966, working summers in various field construction and other jobs while attending school. After receiving a combined JD/MBA degree from Stanford University’s School of Law and Graduate School of Business, he joined the law firm of Thelen, Marrin, Johnson & Bridges, where he worked on matters for Bechtel and other clients.
Rejoining Bechtel in 1981, he became contract coordinator and then piping superintendent at the Belle River Power Plant in Michigan. Two years later, he served as area superintendent at the Badak LNG Plant in Indonesia, with full responsibility for all construction activity in one of the two process areas of the plant.
During 1984, he worked as general field superintendent on the New Zealand Gas-to-Gasoline project, directing and organizing field construction activities, including operations, safety, and procurement.
In early 1985, Mr. Bechtel moved to London where he served as a business development representative, pursuing projects in the Middle East, Northern Ireland, and Africa. He became assistant manager of operations for the London Division in late 1985 and division technical manager in early 1986. Later that year, he was named managing director of Bechtel Limited.
He was named a director of Bechtel Group, Inc. in August 1987 and executive vice president three months later.
In March 1989, he was elected president and chief operating officer of Bechtel Group, Inc. He became president and chief executive officer in June 1990, and chairman and chief executive officer in January 1996.
Mr. Bechtel received a bachelor's degree in political science and psychology from the University of California at Davis. He was admitted to the California State Bar in November 1979, and is a member of the American and California Bar Associations (Inactive).
Mr. Bechtel is a director of Fremont Group, a member of J.P. Morgan Chase & Co.'s International Council, and a director of The Conservation Fund. He is a member of the American Society of Corporate Executives, the Business Council, the Business Roundtable, and the Stanford Law School Dean’s Advisory Council and Indian School of Business Governing Board. Mr. Bechtel is an Honorary Fellow of the American Society of Civil Engineers, a Fellow of the American Academy of Arts and Sciences, and an honorary lifetime member of the American Society of Safety Engineers.
WYD Team |
| posted by Win Your Dreams @ 8:44 AM |
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| Today's Thought-The Chryslr CEO |
| Thursday, March 19, 2009 |
 Robert Louis Nardelli (born May 17, 1948, in Old Forge, Pennsylvania) is the chairman and chief executive officer of Chrysler. He had earlier served in a similar capacity at The Home Depot from December 2000 to January 2007. Prior to that, Nardelli had risen to become one of the top four executives at General Electric.
He attended Rockford Auburn High School in Rockford, IL and received his Bachelor of Science in business from Western Illinois University in Macomb, IL, where he was a member of the Tau Kappa Epsilon fraternity. Nardelli also earned an MBA from University of Louisville.
General ElectricHe joined GE in 1971 as an entry-level manufacturing engineer. From 1988 to 1991, Nardelli was an executive for a division of construction equipment equipment maker JI Case, which was then part of Tenneco Inc.
By 1995, he had risen to president and CEO of GE Power Systems, also having the title of GE senior vice president. Nardelli was often known as "Little Jack", after his mentor Jack Welch, whom Nardelli had ambitions to succeed as CEO of GE.
When Jack Welch retired as chairman and CEO of GE, a lengthy and well-publicized succession planning saga ensued. Nardelli competed with James McNerney and Jeff Immelt to succeed Welch. With Immelt winning the three-way race, Nardelli and McNerney left GE (as was Welch's plan). About 10 minutes after Welch let him go, Nardelli received a job offer from Ken Langone who at the time was on the boards of both GE and Home Depot.
The Home Depot
Nardelli became CEO of The Home Depot in December 2000 despite having no retail experience. Using the Six Sigma management strategy used at GE, he dramatically overhauled the company and replaced its freewheeling entrepreneurial culture. He changed the decentralized management structure, by eliminating and consolidating division executives. He also installed processes and streamlined operations, most notably implementing a computerized automated inventory system and centralizing supply orders at the Atlanta headquarters.
Nardelli was credited with doubling the sales of the chain and improving its competitive position. Revenue increased from $40.57 billion in 2000 to $85.15 billion in 2005, while profit rose from $12.6 billion to $25.8 billion. While this was a slower rate of growth than Home Depot had previously experienced (the company doubled in size every 4 years from 1979 to 2001), it must be noted that the high growth rates were largely due to rapid expansion. As the company was reaching its retail limit in the US, Nardelli was brought in to shepherd its transition into a mature business.
Some have criticized him for not maintaining the growth that the company had previously experienced, pointing to his huge salary as a sign that he was actually supposed to bring innovation to the company in order to help it maintain its historical growth. During Nardelli's tenure, Home Depot stock was essentially steady while competitor Lowe's stock doubled, which along with his $240 million compensation eventually earned the ire of investors.His blunt, critical and autocratic management style turned off employees and the public. While the board strongly stood by him for most of his tenure, questions about his leadership mounted in 2006, and in an ominous portent of the near future, he was the only director present at the annual meeting; he only allowed shareholders to speak for a minute each.When the board reportedly ousted him in January 2007,Nardelli's severance package was estimated at $210 million. He was succeeded by The Home Depot vice chairman and executive vice president Frank Blake. Blake had served as Nardelli's deputy at both GE Power Systems and Home Depot.
During his tenure at The Home Depot, Nardelli met President Bush at the White House in 2002 and was appointed to Bush's Council on Service and Civic Participation (although he is no longer a member).Nardelli also hosted a garden reception/fundraiser for Bush at his Atlanta home on May 20, 2004
Chrysler
On August 5, 2007, he became chairman and CEO of the newly privatized Chrysler. His current annual salary at Chrysler is $1, with other compensation not publicly disclosed.
WYD Team
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| posted by Win Your Dreams @ 3:25 PM |
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| Today's The PWC CEO |
| Wednesday, March 18, 2009 |
 Samuel A. DiPiazza, Jr. Print-friendly versionEmail to a colleague Samuel A. DiPiazza, Jr. (Sam) has served as CEO of PricewaterhouseCoopers International Limited since 2002. Previously, he led the PricewaterhouseCoopers US firm as Chairman and Senior Partner, and was a member of the Global Leadership Team.
Sam joined PricewaterhouseCoopers' U.S. firm in 1973 and became a partner in 1979. He was elected to the U.S. Firm Council in 1986, and headed the Birmingham, Alabama and Chicago offices before being named Midwest Regional Managing Partner in 1992. Two years later he became the Regional Managing Partner of the New York Metro Region, with a dual role as Client Service Vice-Chairman. In 1998, Sam was named the Americas Leader for Tax and Legal Services, and in 2000 he was elected Chairman and Senior Partner of the US firm.
Sam currently serves as a Trustee of the International Accounting Standards Committee Foundation, as Chairman of the World Business Council on Sustainable Development, and as an Executive Committee member of the International Business Council of the World Economic Forum. He is also the Chairman of IBLAC (International Business Leaders Advisory Council to the Mayor of Shanghai) and has served as a Trustee for the Financial Accounting Foundation. In addition, Sam is a member of the Executive Committee and the immediate past Chairman, Board of Trustees of The Conference Board, Inc.
Very active in civic affairs, Sam is the past Global Chairman of Junior Achievement Worldwide, and serves as a member of the Executive Council of the Inner City Scholarship Fund and the Board of Directors of the New York City Ballet. He is also Chairman of the Audit Committee and a member of the Executive Committee of the World Trade Center Memorial Foundation, as well as past President of Big Brothers/Big Sisters of New York City.
Sam received a dual degree in Accounting/Economics from the University of Alabama, and an MS in Tax Accounting from the University of Houston. He has been honored as Accountant of the Year by the Beta Alpha Psi Society, and is a recipient of the Ellis Island Medal of Honor and the INROADS Leadership Award.
In 2002, Sam co-authored Building Public Trust: The Future of Corporate Reporting.
WYD Team
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| posted by Win Your Dreams @ 9:09 AM |
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| Today's Thought-The EMC's CEO |
| Tuesday, March 17, 2009 |
 Joseph M. Tucci President and Chief Executive Officer EMC Corporation
In January 2001, Joseph M. Tucci became President and Chief Executive Officer of EMC Corporation, the world leader in information storage hardware, software, networks and services. Tucci joined EMC a year earlier in the newly created position of President and Chief Operating Officer, reporting to Mike Ruettgers. He is based at EMC's corporate headquarters in Hopkinton, Massachusetts.
Since his arrival at EMC, Tucci has driven the company to extend its top market positions in information storage systems and information storage software. He was the architect of new product transitions that led EMC to gain significant ground in network attached storage (NAS) and the midrange market. Tucci also expanded EMC's Professional Services organization and Global Alliances program to broaden the reach of EMC's offerings. Over the same time, EMC acquired six software companies and has committed approximately three-quarters of its 2001 research and development budget to expand the industry's leading line of information storage software.
In a time of tightening corporate IT spending, Tucci has focused the company squarely on delivering information storage solutions that reduce total cost of ownership and create true business value for EMC customers in more than 50 countries worldwide. Tucci previously directed the financial and operational rebirth of Wang Global during six years as its Chairman and CEO. At Wang, Tucci guided the company through a rapid and successful emergence from Chapter 11 bankruptcy protection and transformed the company from a midrange computer manufacturer into a worldwide leader in networked technology services and solutions.
Under his leadership, Wang acquired and integrated ten companies from 1995 through 1999, and its market capitalization more than tripled. By the end of 1998, Wang Global had more than 20,000 employees, and offices and subsidiaries in over 40 countries, and annualized revenues in excess of $3.5 billion. In June 1999, Wang was acquired by acquired by Getronics NV, a global leader in IT services based in Amsterdam, the Netherlands.
Prior to joining Wang in 1991, Tucci was President of U.S. Information Systems for Unisys Corporation, a position he assumed after the 1986 merger of Speery and Burroughs that created Unisys. He began his career as a systems programmer at RCA Corporation and holds a bachelor's degree from Manhattan College and a master's degree in Business from Columbia University.
WYD Team
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| posted by Win Your Dreams @ 9:31 AM |
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| Today's Thought-The Gap Founder |
| Monday, March 16, 2009 |
 Don Fisher opened the first Gap store in Ocean Avenue, San Francisco in 1969. The locale, in order to make it "easier to find a pair of jeans," also sold records and tapes. Today Gap is one of world's largest specialty retailers, earning a reported $ 15.9 billion in fiscal year 2006.
The headquarters of the apparel giant is still located in the Bay Area but its product design offices are scattered through New York City, San Francisco and London. Gap owns 3,191 shops around the world, even though it distributes its products only in the U.S., Canada, the United Kingdom, France, Ireland and Japan.In our consumption-based world, in which it is the norm for a product to be made in one country with fabric from another country, and then shipped to a third for sale, the impact of the apparel trade industry is global.
The choice of the manufacturing countries is critical. The cost of the labor depends the margin made at the end of the process. The ever-intensifying price competition drives factories to produce more clothing for less money.Consequently, the frontier between a low-cost factory and a sweatshop is thin and Gap has long been accused of downplaying violations of workers' rights overseas in favor of larger profits.
Labor abuses are widely considered a chronic problem in the global apparel industry. Nonetheless, Gap firmly states that physical abuse and "psychological coercion" are relatively rare at factories contracted to make their clothing.Gap inc has made a substantial investment in monitoring labor practices in its global supply chain.
The company has carried out 8,500 visits have been performed by 90 full-time monitors in an estimated 3,000 factories in 50 countries. As a result, the company revoked its stamp of approval from 136 factories after finding serious violations of minimum wage, safety, environmental or other standards, twice involving underage labor. In one case, a 10-year-old Indian boy was found to be working 16 hours a day for no pay. He had been sold to a sweatshop by his parents along with 40 other children.Gap's factories are concentrated in China, India, Bangladesh and Sri Lanka, countries that have no established minimum wage.
Typical work weeks exceed 60 hours. Nevertheless, most low-level workers from thes nations can't afford to see these factories moving out of their country. It is their only means of survival for the majority of them.China, who is Gap's number one manufacturing source, producing 16 percent of all goods, doesn't recognize unions. China also has a traditional governmental inclination towards secrecy.
WYD Team
Save trees.They are extremely useful |
| posted by Win Your Dreams @ 8:46 AM |
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| Today's Thought-Father of Chocolate |
| Sunday, March 15, 2009 |
Milton Snavely Hershey
Raised in rural central Pennsylvania, hampered by the lack of a formal education and nearly bankrupt by the time he was 30, Milton S. Hershey went on to become not only one of America’s wealthiest individuals, but also a successful entrepreneur whose products are known the world over, a visionary builder of the town which bears his name and a philanthropist whose open-hearted generosity continues to touch the lives of thousands.
A successful entrepreneur...eventually.
Following a four-year apprenticeship as a teenager to a Lancaster, Pennsylvania, candy maker, Hershey in 1876 attempted to start his own candy business in Philadelphia. Despite six years of hard work, it failed. So he moved to Denver and found work with a confectioner who taught him how to make caramels using fresh milk. He then started up a second candy business in New York City. It also failed. Undaunted, he returned to Lancaster and once again tried making a go of the caramel business. This time, it worked. Soon, his Lancaster Caramel Company was shipping all over the U.S. and Europe, employing 1400 people and turning him into one of the area’s leading citizens.
But what about the chocolate?
It was at the 1893 World’s Columbian Exposition in Chicago that Hershey first became fascinated with the art of chocolate making. While there, he purchased some German machinery, had it shipped to Lancaster and began producing chocolate coatings for his caramels. But aware of the growing demand for chocolate itself, he soon started the Hershey Chocolate Company. For years, he worked at perfecting a viable recipe for making milk chocolate -- a process which up to then had been kept a closely guarded secret by the Swiss. Finally, through trial and error, he hit upon the right formula of milk, sugar and cocoa that enabled him to realize his dream of mass producing and distributing milk chocolate candy. What had once been a luxury for the rich, was to become an enjoyment that anyone could afford...the Hershey bar.
A new business needs a new location.
With his Hershey Chocolate Company growing by leaps and bounds, Hershey decided to sell his caramel company (for $1 million, an enormous sum in 1900!) and devote his attention to making chocolate. Discovering a need to expand his production capacity, he began looking around for a suitable place to build a new factory. He found it in nearby Derry Township, where he had been born. Convenient to the port cities that could provide cocoa beans and sugar, surrounded by dairy farms and endowed with a hardworking populace, the area seemed ideal. In 1903, he broke ground.
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| posted by Win Your Dreams @ 3:10 PM |
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| Today's Thought-Pioneer of Department Stores |
| Friday, March 13, 2009 |
 John Wanamaker created the first department store in 1876. This was a new idea of combining many specialty stores into one large store. Another innovation was a restaurant inside the store. In addition, Wanamaker pioneered the use of price tags, money-back guarantees, newspaper ads, and white sales.
John Wanamaker was born in Philadelphia in 1838. His first store was a mens' and boys' clothing store in partnership with his brother-in-law Nathan Brown, becoming the sole owner at the death of Brown. Business grew during the Civil War, and by 1872, was the largest clothing retailer in the nation. A much larger store was created in 1876 which sold men's and women's clothing as well as dry goods, housed in a former railroad depot. Although that building no longer exists, the space continued to house the department store, later by a Lord & Taylor store, a subsidiary of the May Company that bought Wanamaker's and then Hecht's.
In 1877, he added several other "departments" under the same roof. Wanamaker opened a second store in New York City in 1896, and continued enlarging his stores. He had many special touches in his stores, including Ford dealerships, the world's largest organ which was featured in the atrium, and a telegraph receiving station on the roof, which was the first to receive word that the Titanic had sunk. He also served as Postmaster General from 1889 to 1893, and was involved in many charitable organizations.
Wanamaker was also a leader in giving his employees modern "fringe benefits", like vacations, health care, pension, life insurance, and payments for further education. He also was innovative in such things as a telephone ordering system and refunds on merchandise.
When Wanamaker died in 1922, it was a huge public event. Philadelphia lowered its flags, the newspapers called him the city's most eminent citizen, and the public schools closed the day of his funeral. His pallbearers included the Governor of Pennsylvania, the Mayors of Philadelphia and New York, the Chief Justice of the Supreme Court, and the inventor Thomas Edison.
The John Wanamaker Masonic Humanitarian Medal
The John Wanamaker Masonic Humanitarian Medal was created by resolution of the Grand Lodge of Pennsylvania at the December Quarterly Communication of 1993, under the leadership of then Grand Master Edward H. Fowler. It is to be awarded to a person (male or female) who, being a non-Mason, supports the ideals and philosophy of the Masonic Fraternity. John Wanamaker was an outstanding public-spirited citizen, a lover of all people who devoted his life to doing good.
The medal has been presented sparingly, to maintain the great prestige associated with an award created by resolution of the Grand Lodge, the others being the Franklin Medal for Distinguished Masonic Service, and the Thomson Award for Saving a Human Life.
WYD Team
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| posted by Win Your Dreams @ 9:51 AM |
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| Today's Thought-The Renault CEO |
| Thursday, March 12, 2009 |
 Carlos Ghosn, KBE (born 9 March 1954) is a Brazil-born Lebanese businessman. He is the current CEO and President of Renault of France and Nissan of Japan. He is largely credited with turning around Nissan. As an outsider in charge of one of Japan's largest companies, Ghosn has been extremely successful. He was voted Man of the Year 2003 by Fortune magazine's Asian edition and is also on the board of Alcoa, Sony, and IBM. Ghosn became CEO of Renault, in 2005, succeeding Louis Schweitzer, while remaining CEO of Nissan as well.
Personal life
Ghosn was born in Porto Velho, Brazil on 9 March 1954 to Lebanese parents. At age 6, he moved to Beirut, Lebanon, with his mother. He completed his secondary school studies there, in a Jesuit school (Collège Notre-Dame de Jamhour).[citation needed] He graduated with engineering degrees from the École Polytechnique in 1978 (X1974) with last year's specialisation at the École des Mines de Paris. He is a Brazilian, Lebanese and French citizen.
Career
Ghosn (pronounced Gonne in French, Gosen in Lebanese) joined Nissan as its chief operating officer in June 1999, became its president in June 2000 and was named chief executive officer in June 2001. His turnaround of Nissan has gained him celebrity status in Japan, where he has published books and even has a manga character based on him.
When he joined the company, it had debt of $20 billion and only three of its 48 models were generating a profit. Ghosn was viewed as an outsider by the media and parts of Nissan. Ghosn promised to resign if the company did not reach profitability by the end of the year, and claimed that Nissan would have no net debt by 2005. He defied Japanese business etiquette, cut thousands of Nissan jobs, shut the first of five domestic plants, and auctioned off prized assets such as Nissan's aerospace unit. His radical moves have made him Public Enemy No. 1 to Japanese traditionalists. However, in one year, Nissan's net profit climbed to $2.7 billion from a loss of $6.1 billion in the previous year. Nissan's operating profit (EBIT, or earnings before interest and taxes) margin has increased from 1.38% in FY 2000 to 9.25% in FY 2006.
Prior to joining Nissan, Ghosn had served as executive vice president of the Renault Group, a position he had held since December 1996. In addition to supervising Renault activities in the Mercosur, he was responsible for advanced research, car engineering and development, car manufacturing, powertrain operations and purchasing. He became president of Renault in April 2005.
Before he joined Renault, Ghosn had worked with Michelin for 18 years. As chairman and CEO of Michelin North America, Ghosn presided over the restructuring of the company after its acquisition of the Uniroyal Goodrich Tire Company in 1990. Previously, Ghosn had worked as the COO of Michelin's South American activities based in Brazil; as head of research and development for industrial tires in Ladoux, France; and as plant manager in France.
Kirk Kerkorian recently urged General Motors Corporation to consider a partnership with Nissan and Renault. Carlos Ghosn expressed interest in Renault acquiring up to a 20% stake in General Motors Corporation at a dinner with Kirk Kerkorian that took place around 20 June 2006. Kerkorian had hoped to attract Ghosn to General Motors as CEO, forcing out current GM CEO Rick Wagoner, as Kerkorian believed Ghosn's approach to the auto business and success in turning around both Renault and Nissan make him best-suited to run General Motors.
Talks with GM broke off without any alliance or commitment from either side; Kerkorian has since sold off all shares in GM.
Not so well known, is that Carlos Ghosn was also in the auditing committee of Mirant's board, a firm that went bankrupt in 2003 after severe liquidity and accounting problems. Mirant was Arthur Andersen's second largest client in the power industry, right after Enron.
WYD Team
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| posted by Win Your Dreams @ 8:36 AM |
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| Today's Thought-The Butler's CEO |
| Monday, March 9, 2009 |
 Edward M. Kopko is the President and Chief Executive Officer of Butler International, Inc. since 1987. Mr. Kopko has steered Butler grow into a quality player in the technical services marketplace by leveraging Market opportunities in changing economies and through strategic acquisitions.
Butler International with a 61-year history of providing services, started off by serving the needs of the aviation industry exclusively and is now, a leading provider of Tech-Outsourcing services, helping customers worldwide increase performance and savings. Butler serves many prestigious clients across varied industries including aerospace, aircraft, defense, telecommunications, financial services, manufacturing, heavy equipment, and more.
Mr. Kopko is also the Chairman and Chief Executive Officer of CE Group and Chief Executive Magazine.
Mr. Kopko's vision and passion for quality has led Butler to many industry firsts and worldwide recognition for quality. Butler was the first U.S. technical services company to achieve ISO 9002 certification. In addition, the Company's best practices have achieved worldwide recognition in multiple arenas. Mr. Kopko is the Past President of the National Technical Services Association, and has helped create positive awareness of the industry. National Technical Services Association is the predominant trade association for the contract technical services industry.
Mr. Kopko, 51, is originally from Connecticut. He holds a B.A. degree in economics from the University of Connecticut, an M.A. in economics from Columbia University, and he undertook doctoral work in economics at Columbia. Ed Kopko currently resides in Ft. Lauderdale, Florida
Awards
WYD Team 25 People to Blame for the Financial Crisis.Click the image to read 
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| posted by Win Your Dreams @ 9:06 AM |
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| Today's Thought-The HP CEO |
| Friday, March 6, 2009 |
 Michael Capellas
CEO Compaq/HP
Capellas is a seasoned general manager with particular expertise in information technology, e-commerce and supply-chain management. He has significant product development experience, including software and solutions; has run large global sales/marketing organizations; has managed quality assurance programs; has been involved in starting up a new company; and has held a broad range of line management positions. As such, he has extensive, successful, hands-on experience in every key area involved in successfully running a global technology enterprise.
Over the past 23 years, he has gained a solid reputation among colleagues and customers alike as an information technology executive with a rare balance of strategic insight, operational expertise, technological and financial skills, and sales/marketing savvy."We are at the dawn of a new era in information technology," he said. "I've spent my entire career in IT, and I have never seen such dramatic changes. The Internet is transforming the way companies do business and the way they interact with their customers, partners and suppliers. And it is clear to me that business needs are moving toward Compaq's strengths."Capellas stressed that the Internet is having an increasing effect on organizations around the world. "To realize the promise of eBusiness, companies need the products, services and solutions that we deliver better than anyone else in the industry," he said. "This includes next-generation networks, high-performance servers, networked storage, Internet PCs, and appliances and devices that enable companies and individuals to connect to the Internet in new and more productive ways."Capellas joined Compaq in August 1998 as chief information officer and, in a relatively short time, has played key roles in the:
Development of the company's overall e-commerce strategy
Integration of that strategy into Compaq's NonStop™ eBusiness go-to-market strategy
Major consolidation of the company's information technology organization, including a dramatic cost reduction
Defining and implementation of the company's supply-chain strategy, including the consolidation of manufacturing activities
Development and implementation of a go-to-market strategy for the integration of Digital Equipment Corporation
Rapid development and successful execution of Compaq's Y2K compliance program
Recruiting of several new key managers
Formulation of the company's global account strategies
Participation in hundreds of sales calls
Executive oversight of several global accounts
Ongoing counsel to the Board and senior management on various operational as well as technological issues
Immediately before joining Compaq, Capellas held senior positions at Oracle Corporation and at SAP America, both growing out of his information technology and supply-chain management consulting work at Benchmarking Partners of Cambridge, Massachusetts, a leading information management consulting firm, where he was a founder and managing partner (1996). At Oracle (1997-98), he served as senior vice president and general manager for the company's global energy business, where his oversight responsibilities included product development, marketing, sales, consulting and client support.
His accomplishments there included reorganizing and refocusing the unit's global sales force, resulting in a 100 percent increase in business unit revenue. At SAP America (1996-97), he was director of supply-chain management; his accomplishments included spearheading a business-development effort that led to approval by General Motors' Delphi unit of a $1 billion SAP implementation project. From 1981 to 1996, Capellas held several senior positions at Schlumberger, Ltd., including serving as the company's first corporate director for information systems; controller and treasurer of Schlumberger's operations in Asia Pacific; CFO of Dowell Schlumberger, Inc., a joint venture between Schlumberger and Dow Chemical; and in operations management at Schlumberger's Fairchild Semiconductor unit. Capellas began his career at Republic Steel Corporation (1976-81), where he held various systems analyst and manufacturing positions. He and his wife, Marie, have been married for 20 years and have two children. He has been involved in a wide variety of community leadership and charitable work and is an avid golfer.
WYD Team |
| posted by Win Your Dreams @ 8:59 AM |
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| Today's Thought-The Coke's CEO |
| Thursday, March 5, 2009 |
 Muhtar KentPresident and Chief Executive Officer,The Coca-Cola Company Muhtar Kent is president and chief executive officer of The Coca-Cola Company, and serves on the Company's Board of Directors. Mr. Kent joined The Coca-Cola Company in Atlanta in 1978 and has held a variety of marketing and operations roles throughout his career. In 1985, he was appointed general manager of Coca-Cola Turkey and Central Asia. From 1989 to 1995, he served as president of the Company's East Central Europe Division and senior vice president of Coca-Cola International, with responsibility for 23 countries. Between 1995 and 1998, Mr. Kent served as managing director of Coca-Cola Amatil-Europe, covering bottling operations in 12 countries.
From 1999 until his return to The Coca-Cola Company in May 2005, he served as president and CEO of the Efes Beverage Group, the majority shareholder of Turkish bottler Coca-Cola Icecek. Headquartered in Istanbul and listed on the London and Istanbul Stock Exchanges, Efes is a publicly traded beverage enterprise whose Coca-Cola and beer operations extend from the Adriatic to the Pacific Ocean. Under Mr. Kent's leadership, Efes experienced extraordinary growth, with triple-digit revenue growth and a 250 percent increase in market capitalization. During that time, in addition to taking Efes Breweries International public on the London Stock Exchange, Mr. Kent also served as a board member of Coca-Cola Icecek.
Mr. Kent was named president and chief operating officer of The Coca-Cola Company's North Asia, Eurasia and Middle East Group from 2005 until early 2006, where he was responsible for the operations across a broad and diverse geographic region that included China, Japan and Russia. Mr. Kent served as president of Coca-Cola International through most of 2006, responsible for operations outside of North America, until his appointment as president and chief operating officer of The Coca-Cola Company, overseeing all operations of the business, including Bottling Investments. On July 1, 2008, he succeeded Neville Isdell as chief executive officer of the Company.
Mr. Kent holds a bachelor of science degree in economics from Hull University, England, and a master of science degree in administrative sciences from London City University.
WYD Team
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| posted by Win Your Dreams @ 9:09 AM |
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| Today's Thought-The Perot's CEO |
| Tuesday, March 3, 2009 |
 Peter Altabef
President & Chief Executive Officer
Peter Altabef joined Perot Systems in 1993 and became president and chief executive officer in September 2004. He is also a member of the Perot Systems board of directors. Under Mr. Altabef’s leadership, Perot Systems has expanded its global presence, with operations in more than 25 countries, $2.8 billion of annual revenue in 2008, and more than 23,000 associates.
Prior to becoming president and chief executive officer, Mr. Altabef led the company’s business process strategy team, and was responsible for a variety of functions including legal, corporate support, marketing and communications, human resources, and internal audit.
Before joining Perot Systems, Mr. Altabef was a partner at Hughes & Luce, in Dallas, Texas, where his practice included public securities offerings and filings, mergers and acquisitions, joint venture transactions, technology licensing arrangements, and leveraged lease financings. He also served as the firm’s hiring partner. Mr. Altabef also practiced at Simpson, Thacher & Bartlett in New York and he served as law clerk to the Honorable Patrick E. Higginbotham of the United States Court of Appeals for the Fifth Circuit.
He serves on the board of directors of Merit Energy Company, the board of trustees of the Dallas Children’s Theater, and the associate’s board of Children’s Medical Center Dallas. He also serves on the Americas International Advisory Council of the International Business Leaders Forum (IBLF).
Mr. Altabef has served as co-chairman of the American Heart Association’s Dallas Heart Walk and of the Dallas Zoological Society’s Zoo To Do. He is a past member of the advisory board of the Dallas Museum of Natural History and of the technology advisory committee of the Highland Park Independent School District.
Mr. Altabef received a J.D., cum laude, from The University of Chicago Law School, where he served as a clerk for The Supreme Court Review. He received a B.A. in economics, with outstanding academic achievement, from Binghamton University, where he received The Bank of New York award for excellence in economics.
WYD Team
Seven ways to beat inflation woes.Click on the picture to read
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| posted by Win Your Dreams @ 8:47 AM |
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