Month: May 2016

Greg Brenneman: The Death of Stephen Murray Means We Have Lost Our Friend and Former Partner

Stephen Murray spent his time in New York City Suburb in Westchester County, New York. He graduated with a Bachelor of Arts degree from Boston College and later graduated with a Master of Business Administration (MBA) from Columbia University in New York according to information published on the company website.

He was hired as a credit trainee in 1984 by a New York-based Manufacturers Hanover Trust Co. and rose in ranks in the company and became the vice president of middle-market lending according to his biography in the CCMP website. Mr. Murray later joined a private equity and leveraged finance unit of Manufacturers Hanover that went through a series of mergers and acquisition to the predecessor of CCMP. Read more: CCMP Capital Advisors Gets Backing to Resume Investing From Fund

Following the three mergers, Manufacturers Hanover became part of JP Morgan in 2000 and Murray was the head of the bank’s buyout business in 2005. CCMP Capital Advisors was formerly part of the JP Morgan Partners before there was a spinoff that was caused by a disagreement about investing in the middle market deals and the bank’s private equity clients. Stephen Murray was recently declared dead on March 12, a month after his resignation citing health reasons. At the day he died, he was 52 years old.

Announcing his death was Greg Brenneman, CCMP’s chairman, and the man who took Murray’s position of president and CEO of the company, said that the company was saddened to learn the death of Stephen Murray, who was a friend and a former partner of the company. Read more: This Old Thing? Private Equity Honcho Drops Little Place Uptown for $11M

He also utilized the moment to send condolences and heartfelt gratitude on behalf of the firm to the family especially his wife and sons saying that the firm will play for them during these hardest times.

Stephen Murray was the founding partner of CCMP Capital having participated in its foundation and having served in the former organization which founded the firm. He became the CEO in 2007 after a successful spinoff in 2006 that separated the company from the former group JP Morgan Partners. Learn more about Stephen Murray CCMP Capital: http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/

His most notable contribution was last year when he participated in the raising of funds to a tune of $3.6 billion. Mr. Murray was also part of board members for Infogroup Inc., LHP Hospital Group, Crestcom International, Octagon Credit Investors, Jetro JMDH Holdings, and Strongwood Insurance Holdings.

Mr. Murray was a generous person, and he participated in improving the community through donations. For instance, Murray donated to Make-A-Wish Foundation of Metro New York. He gave to promote education in schools such as Columbia Business School and Boston College among other contributions.

Learn more about Stephen Murray CCMP Capital: http://patch.com/connecticut/stamford/stephen-p-murray-52-financial-executive-stamford-resident-vice-chair-boston-college-board-trustees

George Soros: Investing Heavyweight

Through Soros Fund Management, George Soros has remained a legendary investor. In fact, his family office boasts around $29 billion in assets. Soros has long remained a supporter of liberal causes, and he has thrown all his weight and wallet behind Hillary Clinton in the upcoming election on nybooks. As of right now, Soros has given Clinton almost $7 million to the Priorities USA Action super-PAC.

After Soros fled Hungary, George worked through the London School of Economics. During that time, he served as a waiter and a railway porter before he started a finance at a merchant bank. Later, Soros moved to Wall Street, and in 1969, he establishe a hedge fund using $12 million. After a period, Soros rebranded the hedge fund as Quantum Fund, and in 1992, having Stan Druckenmiller as his partner, Soros made an amazing profit. In fact, he made so much that he developed the legendary reputation of the man who broke the Bank of England.

Throughout his lifetime, Soros has always been a big philanthropist, and he opened a charity called Open Society where he has given away over $11 billion. Spanning to over 100 countries, Soros has a broad foundation network that has remained committed to a vision of having an open society. This society respects individual rights, and world governments will be held accountable for their dark deeds. According to Open Society, no one holds the monopoly on truth, which is a philosophy that has made the Soros foundation unlike any other philanthropy foundation in history. Soros first started giving to charity in 1979. During this time, he helped poor black South Africans who were being oppressed under apartheid. Throughout the 1980s, George Soros undermined communism when when he gave Xerox machines to copy some of the banned texts in the country. It helped to support the much-needed cultural exchanges that benefited the East and West.
Read more:
George Soros – Business Leader, Philanthropist
George Soros – The New York Times
Forbes 400 Richest Americans: George Soros
Billionaire George Soros funds $15m effort to stop Trump, mobilize Latinos

As you can imagine, Soros has not always been popular because of his constant ability to give voice to the poor and oppressed. In fact, Russia even banned some of his books and burned them to eliminate his ideas in their country. In Europe, Soros made one of the largest efforts ever known to bring a voice to the Roma people. He wanted to bring them into mainstream society, and Open Society paid for many university fees and schooling to thousands of young and promising minds. Many of these people were people from armed conflicts and other individuals who had come from marginalized groups.

The big idea behind Soros’s vision is to bring total transparency and accountability to injustice everywhere. When the resource extraction industries were paying off local tyrants to fuel political unrest, Soros created a system that made those who funded this responsible. Some of the independent organizations that Soros has funded includes the Institute for New Economic thinking, Global Witness and the International Crisis Group. Soros has often taken a stand on controversial topics, but he believes that he has had to because there are other people who are unable to make that stand.

Learn more about George Soros:


http://www.bloomberg.com/news/articles/2016-01-07/global-markets-at-the-beginning-of-a-crisis-george-soros-says
http://www.theatlantic.com/magazine/archive/1997/02/the-capitalist-threat/376773/

Nicolas Maduro Accuses US Of Conspiracy

In the bizarre saga of Facebook reports on Venezuela, yet another twist has turned. The current regime is now accusing the US of a conspiracy to overthrow the government of Venezuela. Foreign Minister Delcy Rodriguez has said the Organization of American States attempts to use its Democratic Charter against Venezuela is a part of a conspiracy against Nicolas Maduro on behalf of the United States and opposition leaders. According to Adrian Jose Velasquez , the discussions within the OAS over whether or not to suspend Venezuela’s membership have let Rodriguez to request meetings with the ambassadors of the member states of the OAS. The paranoia of Rodriguez has even led her to accuse fellow Venezuelans such as Luis Almago of having a part of the conspiracy she alleges. For years, Venezuela has exercised great power over the Organization of American States due to its abundance of oil revenue. As the Venezuelan economy has tanked, the influence of the country has as well.

 

 

Bob Reina Donates to Cause That He is Passionate About

There are a lot of people that are impressed with Bob Reina and the way that he has given to the Humane Society. Bob has adopted a ton of pets, and the number of dogs that roam through his home is already in the double digits. He decided stop just short of turning his own home into an animal shelter as he found a more constructive way to give. He has done this with two donations to the Humane Society of Tampa Bay in the sum of 1 million dollars. People were impressed with this donation, and that has made a lot of people take notice of the CEO of Talk Fusion that loves dogs.

Please are pleased with what Bob Reina has done for pets, but they are also impressed with this company has well. He started Talk Fusion, but he actually had a background in law enforcement. At one time Bob Reina was a deputy, but his passion for technology was unveiled when he started a small technology company. This company was Talk Fusion. All of this would lead him to an even bigger path of greatness with awesome video conferencing software.

Bob Reina has really gained a lot of attention because he has such a great passion for helping animals. There have times when he has secretly paid the cost of animal care bills for people that could not afford to paid at pet clinics. He has done some wonderful things for animals, and he has also done some wonderful things for technology. Many people in the business world are praising this software that he has put on the market.

The Talk Fusion video software is number one in several countries, and many people are continuing to discover the software. It is very easy to use, and this simplicity is something that Bob Reina used to make people take interest in the software. As someone that has worked outside of the technology field he knows the importance of software simplicity. He knew that he could gain a greater customer base if he made software that was simplistic.

Learn more: