Business, Business Leader, CEO, Entrepreneur, Investments

There is a biotech company on the market that has recently made claims of a new breakthrough drug that can fight cystic fibrosis for patients by improving lung performance drastically. However, Kerrisdale Capital has researched and reviewed these statement by Proteostasis and has found that they are most likely a load of hooey. This market has largely been dominated by Vertex for many years, and Sahm Adrangi suspects this new drug is more of a chemical cocktail that has no real results behind it.

The trial done by proteostasis one consisted of four patients and after some diffing, Kerrisdale found that the increase in performance that this biotech company is claiming their drug provides is actually because of a slight drop in performance among the placebo group. This gap in percentages is most likely due to poor testing procedure says Kerrisdale Capital.

One of the most important questions that Sahm Adrangi poses is what will happen to the company should their drug not be successful like they claim it to be? Currently, the value of the company is mostly derived from their product, which means they stand to drop in share value by upwards of 90 percent should this drug prove worthless. This lets Sahm believe that Proteostasis is willing to fabricate their data and push out a drug cocktail in order to profit or at least maintain their company value.

Sahm Adrangi is hardly wrong with his reports and he always digs deep in order to find the most accurate data when he puts the word out about a company, whether good or bad. This is why so many people follow the words of Sahm Adrangi. The fall in Proteostasis share value after Kerrisdale’s report came out is a testament to this fact. After Kerrisdale took the short position on Proteostasis, the biotech companies share values have dropped upwards of 20 percent, causing them to sell over nine million shares to maintain their funds.

http://www.zerohedge.com/news/2016-04-21/notorious-short-seller-raises-100-million-take-down-unknown-company

Business, Business Leader, CEO

Louis R. Chênevert has had an illustrious career. This Canadian businessman has served in various positions of leadership with remarkable achievements. He’s moved from General Motors to Pratt & Whitney in 1993 and to serving in various roles in United Technologies Corporation (UTC) from 2006. At UTC, he’s served as the Director, President & Chief Executive Officer (CEO) and later became the Chairman & CEO in January 2010.

He achieved a whole lot while at UTC. His legacy at UTC rests firmly on the ability of UTC during his time to bring together the interests of customers, shareholders, and stakeholders in such a way that allowed them to remain at the top during the recession.

Some manufacturers have worked hard to salvage the manufacturing sector after losing a lot of steam after the war in America. To understand the depth of the slide, statistics showed that contribution by the manufacturing sector to the GDP has dropped by about 50% over the years. One of the companies still making huge strides in the manufacturing sector is United Technologies Corporation (UTC), worth about $63 billion.

The role Chênevert’s has played in writing the remarkable history of the company is by raising the bar and maintaining that position as a market leader when it comes to innovation in the building space and aerospace. He achieved this feat without the need to leave the birthplace of the company at Hartford, Connecticut or paying unfair wages to workers, and importantly, meeting major environmental standards and fulfilling its corporate social responsibilities.

Chênevert began his career by earning a bachelor of commerce in Production Management from École des Hautes Etudes Commerciales (HEC), which is an affiliate of the Business School of the University of Montréal. He serves as Chairman of the International Advisory Board of HEC Montreal and also doubles as the Chairman of the Board of Directors in Friends of HEC Montreal. This shows is a commitment to give back to the educational community.

Chênevert has an honorary doctorate from HEC Montréal. He was also named Person of the Year in 2011 by the Aviation Week & Space Technology, due to his major contributions to the success of the aviation industry.

CEO, Entrepreneur

Bumble, a dating site developed by Whitney Wolfe Herd has been pushing the numbers gaining on its rival Tinder. Whitney Wolfe purchased the space in Manhattan which for more than a decade had been occupied by the four season’s restaurants. With this kind of ambitions, it indicates how large of a size the company will grow. The company has revenues of more than $100million for the period it has been operational. Whitney declined a buyout of half a billion from Match group. The social media platform which is one of its kind, allows women to make the first move. Bumble it has been developed in a way it that it generates money from unique features which have regular users. Whitney Wolfe hails from Salt Lake City; she attended Southern Methodist University at Dallas Texas graduating with a degree in international relations.

Before developing Bumble, she was the co-founder and the marketing vice president at Tinder, the most significant competitor in the market. Herd, the concept of Bumble allows women to ask for numbers from men or women or instead of initiating the first move. When one sends a message, it disappears after 24 hours if not replied. After going through various names, she finally settled on Bumble. The target of the application has been mainly women. After the release of the app in 2014, it managed close to 100,000 downloads in the first month. The headquarters of the company is in Austin Texas. The building is distinguishable due to its unique design which has sunflower yellow roof and wall. The company has 85% women, despite the difference in ratio, it serves to empower women to come up and achieve their goals. The company values at $1 billion which is also subject to raise with the growth in its popularity. To know more about her click here.

With the app, one has to swipe left or right for one to find a matching partner. When two users of different sex match, the woman must initiate the conversation by sending a message. The application makes women feel more in charge as opposed to those applications they received unwarranted content. Most of the women using the app have expressed that they are not only looking for love in the app but also friendships. The demand has led to the introduction of Bumble BFF. The feature focuses on creating platonic relationships between women. Bumble BFF has had more than 3 million attempted to use and has around 50,000 active users each month.

Her LinkedIn Profile: https://www.linkedin.com/in/whitney-wolfe-1791a299

Business Leader, CEO

People love to hear of a real life Horatio Alger story, someone who is capable of rising from rags to riches through sheer hard work, dedication and development of their personal talents. However, in an increasingly financialized and globalized world, such stories seem to be vanishingly rare. It is for this reason that finding seemingly clear examples of these stories can be so inspiring. But frequently, what at first appears to be someone who is able to buck the odds turns out to be merely a cold professional who was playing the odds all along.

In the case of Luiz Carlos Trabuco, it’s hard to make a judgement either way. As one of the few people in Brazilian corporate history who has risen completely through the ranks of one of the largest companies in the country, Trabuco’s rise through Bradesco is unquestionably a testament to his own grit, drive and talent. On the other hand, in an ironic twist, it turns out that Trabuco himself became one of the leading forces for policies within the company that could be described as globalist and financializing. For these latter tendencies, Trabuco can hardly be criticized. In fact, most observers would readily admit that he was one of the leading forces within Bradesco that enabled the bank’s incredible rise from a tiny local concern into one of the most powerful holding companies in Latin America.

Still, it isn’t so much that Trabuco was able to bend the constraints of money and power to his own personality. On the contrary, it was the constraints of money and power that seemed to increasingly shape him throughout his career.

Read more on Bloomberg.com

From uneducated high school grad to worldly sophisticate

Trabuco first came to work at Bradesco when he was just 18 years old. Hired on as a bank teller, he had only a high school diploma and was excited to be hired on, even if it was the lowliest position that the bank could offer.

But over the next 10 years, Trabuco would slowly begin rising through the ranks. At first appointed shift manager, he quickly won the confidence of his superiors, being appointed to positions of increasing responsibility. At the same time, he was able to put himself through school, eventually receiving a master’s degree in social psychology. This combination of rigorous academic credentials and increasingly vast experience within the bank and all its business lines eventually made Trabuco a formidable candidate for promotion. In 1984, he was offered his first executive role within the firm.

Appointed to the head of the marketing department, Trabuco inherited a unit that had never been managed in what many bankers might refer to as a professional style. Using his academic background and extensive knowledge of international banking markets, he quickly moved to bring Bradesco’s marketing strategy in line with that seen at the most successful financial institutions of North America. His reforms proved to be a huge success, with the bank’s sales increasing and relationships with local media being stronger than they had ever been. But this also marked the beginning of Trabuco’s personal influence over the strategies and business model of the bank.

He began using a marketing strategy of going after higher-end clients. The success he saw with doing this would prove crucial later in his career, when he was in a position to really begin making profound changes.

In 1992, Trabuco was appointed head of the bank’s financial planning division. There, he immediately moved to create a multi-tiered banking service, with the bank’s wealthiest and most high-value clients receiving a level of service far higher than the ordinary customers. This transformation of the bank into an institution that sought to cater to the very wealthy proved to be an enormous success. The financial planning division quickly grew from just 3 percent of revenues to nearly 30, marking an astonishing period of growth.

Trabuco’s rise was swift and steep. But it came at the abandonment of the bank’s older, more egalitarian customer service model.

For more information about Luiz Carlos Trabuco Cappi, just click here.

Business Leader, CEO

Glen Wakeman has held many important positions in his lifetime. He has worked important positions at big companies, dove in the sea of entrepreneurship, and has mentored others to follow their dreams of starting their own businesses. He works tirelessly to improve other’s lives. Here is how he got his start in life.

Glen Wakeman attended the University of Scranton and received his Bachelor of Science in Economics and Finance in 1981. From there he continued his education and received a Master of Business Administration in Finance from the University of Chicago. After he got his MBA 1993 he started a successful career at GE Capital. Glen Wakeman worked there for over 21 years in business development, general management, living and working in the United States and internationally, and operations management. He even becomes the CEO of GE Money Latin America. From the complete start, he built a 9 country operation. He created multiple new products, signed dozens of new partnerships, and built a network of over a 1000 offices (http://blogwebpedia.com/glen-wakeman-dubbed-secret-weapon-top-entrepreneurs.html/). He exceeded 12 billion in profits, and much more. Glen Wakeman was the founder and CEO of Nova Four, a business accelerator to help companies build their businesses.

Glen Wakeman latest role is of Chief Executive Officer and Co-founder of LaunchPad Holdings, LLC. It was launched in 2015 and is a SAAS corporation that includes a fully automated software services for budding entrepreneurs. This software puts their ideas into a workable plan that can accelerate their growth tremendously.

This thriving businessman also uses a proven methodology to help businesses flourish. These 5 key dimension of performance are risk management, governance, execution, leadership, and human capital. With this in mind, Glen Wakeman helps businesses become better and more successful (Angel.co). He is also an investor and writer. He regularly blogs about such topics as emerging markets, strategy, fiscal matters, management and administration, and much more. As a philanthropist, he currently counsels organizations like Sitter Bees and Dreamfunded

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CEO, Industries

In the 2015 fiscal year, Nabor Industries Chief Executive Officer Tony Petrello earned $6.82 million in annual compensation. Additionally, not only does he hold the rank of CEO, he is also the company’s President and Chairman of the Board. If you aren’t familiar with Nabor Industries, it is the world’s largest contractor of oil and gas drilling equipment and works in 20 countries around the globe and has a presence in every major oil market.

CEO Tony Petrello has been a massive part of the company’s success. Since he joined in 1991, leaving behind a successful law career, Nabors Industries has seen unsurmountable success in every major market.

While Tony Petrello was ranked the top earned CEO, you would have never known that was his destiny from how his college roommate describes him. He describes Tony as a man from humble beginnings, from a working class family. He came to Yale on scholarship with a thick Jersey accent and “big” Italian American personality that juxtaposed the calm refinement of most Yale students that have been groomed by multiple private schools prior to entering college. Click here to know more.

His roommate also describes him as an absolute genius in math, comparing him to Good Will Hunting. Petrello was a very driven man, even early on. He earned a bachelor’s degree in Math from Yale, then went on to earn his Master’s degree, also in Math. Although he was incredibly gifted in mathematics, he moved away from that field to pursue a law degree from Harvard Law School. After graduation, he married his college sweetheart Cynthia and went on to work at a prominent New York law firm where he was quickly promoted to managing partners. He left in 1991 to join Nabors Industries where he has gone on to achieve the massive success he has today.

LinkedIn: https://www.linkedin.com/in/anthony-petrello-1335b097