Valuing Quality Over Cost – the Louis Chenevert Story

INTRO

Louis Chenevert doesn’t appear to be the model American businessman. As opposed to traditional notions of high-powered, aggressive, and greed-lusty CEOs, Chenevert demonstrates an alternative approach to business success and wealth acquisition.

 

RISING THROUGH UTC

From his tenure at General Motors, where he rose to the managerial level quickly, to his stint at Pratt & Whitney, before ultimately arriving as the CEO of UTC (United Technologies Corporation), Chenevert took a traditional trajectory to business leadership. However, his navigation of the manufacturing and industry domains – both of which have suffered in the post-WWII American experience – show both his prowess and his imaginative leadership. (Read Louis Chenevert’s Business Successes Past, Present and Future)

 

CHANGING THE MODEL

One of his most controversial decisions at the helm of UTC was to bring home workers and manufacturing proper to the company’s headquarters in Connecticut. Connecticut traditionally has not been the most favorable – or profitable – state in which to conduct business, but more radically, this move (in a stern departure from the mold) contrasted sharply with a climate in which most major American businesses were exporting manufacturing, labor, and operations offshore, where labor costs are cheaper. Click Here for more information.

 

LESSONS LEARNED

The results are stark: in his tenure at UTC, Louis Chenevert managed to increase the stock price of UTC 200 percent, from 37 dollars a share to 117 dollars a share in 2014. How could this be possible with such an expensive labor and manufacturing unit? Chenevert reasoned, correctly, that offshore industry would lead to less quality and thus devalue the UTC products, brand, and its ability to attract investors and customers in the long-term.

 

See Also: https://www.forbes.com/lists/2012/12/ceo-compensation-12_Louis-R-Chenevert_FTA5.html

 

CONCLUSION

Chenevert did one last radical thing at UTC – he left the company at its peak, walking away from an empire thriving from his leadership at the top. This was a fitting end for the businessman who prioritized quality over cost-savings, people over products, and vision and long-term values over short-term returns.

 

Check him out on Twitter.

Dr David Samadi believes Mitt Romney’s Prostate Cancer Prognosis is Positive

Mitt Romney recently revealed that he has had to undergo surgery to treat prostate cancer. Dr. Thomas Aherling of the UC Irvine Hospital in California performed the surgery. In a recent interview, Dr. David B. Samadi gave his thoughts on Mitt Romney’s health as well as prostate cancer in general.

Dr. Samadi was born in Iran, but left the country shortly following the 1979 Iranian Revolution. He went on to receive an M.D. from the Stony Brook School of Medicine and specialize in urology and proctology. Throughout his career, he has practiced medicine, served as the Vice Chair of the Department of Urology and the Chief of Robotics and Minimally Invasive Surgery at the Mt. Sinai School of Medicine, then moved on to take the role of the Chair of Urology and Chief of Robotic Surgery at Lennox Hill Hospital, and is currently a professor of urology at the Zucker School of Medicine.

Dr. Samadi believes that Romney will most likely remain healthy following the surgery. Men who are diagnosed with prostate cancer tend to be 65 years of age or older. Seeing as Romney is 70 years old, he falls within the vulnerable range. He mentions studies that have shown that men who have surgery instead of radiation therapy to treat prostate cancer have better results. The reasons being that radiation is twice as likely to kill patients, patients who receive radiation tend to live shorter lives, and radiation therapy runs the risk of causing new tumors to grow. While there are advantages and disadvantages to both, Dr. Samadi tends to recommend surgery to his patients.

Mr. Romney was apparently diagnosed earlier in the year and waited until the successful treatment to go public with the news. Deciding to disclose his medical history is probably further indication that he is preparing to run for senate in Utah. He would be attempting to replace the current holder of the seat, Orrin Hatch, who will be vacating the seat soon. Other famous politicians have been diagnosed with and successfully treated for prostate cancer in the past, including John Kerry in 2002 and Colin Powell in 2003.

Shervin Pishevar Launches 50-Tweet Storm on U.S. Economy

Shervin Pishevar is a 21st-century economy expert. His resume includes investments in exploding brands and work on future-facing tech projects. In early February 2018, negative events on Wall Street caused Pishevar to initiate a tweet storm via his @Shervin account.

 

More Drops in 2018

 

The VC icon began with a stunning forecast about the Dow Jones Industrial Average. “I expect a 6000-point drop in aggregate in the months ahead,” he tweeted. That collective drop would eat up more than 20 percent of the Dow’s value at the year’s start. During the 49 tweets that followed, Pishevar supported his case.

 

ETFs Are Dangerous

 

Early tweets in the spree focused on the over-valuation of every investment sector. Pishevar was especially disdainful of the managed-fund class called ETFs. Short for exchange-traded funds, ETFs allow investors to buy into multiple industrial sectors via one stock symbol. In theory, ETFs are sound financial instruments because they are managed by experienced Wall Street players focused on portfolio diversity.

 

Shervin Pishevar stated a different take on ETFs. “These funds are intrinsically heavily leveraged and biased to low volatility,” he said. He also predicted that ETFs could lead to a new Great Recession because they encourage the type of risky investing that created 2008’s Dow Jones slide.

 

A Faltering Competive Edge

 

Additionally, Pishevar warned the U.S. that has lost its hold on Silicon Valley. “As I’ve said before, Silicon Valley is no longer a physical place but an idea that’s gone viral,” he shared.

 

A naturalized U.S. citizen from Iran, Pishevar then bashed current U.S. immigration policies. “While we build walls, both physical and cultural, to keep out immigrant talent, that talent doesn’t need to come here anymore,” he insisted.

 

International Competitors Are Surpassing the United States

 

Shervin Pishevar also talked about the ways in which other economic superpowers are eclipsing the United States on the global stage. Importantly, he linked to a news story about a 1,500-worker team that built a train station in China in one night! “Meanwhile, our infrastructure is in tatters,” he lamented. Visit This Page for more information.

 

Wall Street and U.S. leaders should heed Shervin Pishevar’s insights.

Jason Hope Fights Aging and Death

Jason Hope is a noted entrepreneur, futurist and philanthropist who turned his Mobile Technology company into a huge success. He has since gone on to achieve great acclaim as a futurist who is promoting both the Internet of Things and the end of human aging.

Hope obtained his degree from Arizona State University, then went on to earn an MBA from ASU’s W.P. Carey School of Business. In an interview published online on Idea Mensch, Hope gives a lot of great advice to young entrepreneurs and everybody else who wishes to achieve success in the future. When asked how he brings ideas to life, Hope replies he does it by keeping things simple. People destroy lots of good ideas by overcomplicating them. And his habit of envisioning the long-term meaning of his ideas is what makes him productive. He brings ideas and projects to life because he has faith in them. He knows they are beneficial, and good for everyone. That gives him the drive, stamina, passion and energy to act. He backs up everything he does 100%.

That’s why Hope would tell his younger self, if he could, to keep his eyes on the bigger picture. Don’t focus on small details. When he was younger he burned out on a lot of projects because he let the little details and difficulties get to him. He still tackles the smaller steps, but he does so one step at a time, keeping his eyes on the big picture so he understands the long-term benefit. That’s what drives this remarkable, multi-talented entrepreneur and benefactor. He advises young entrepreneurs to work on just one idea at a time. They should devote their attention to what generates their primary income. Too many business people let other projects distract them from their main goal.

He maintains his vision even when other people do not agree with him. He’s convinced aging can be reversed and prevented through the use of drugs that rejuvenate cells. That’s why he supports the SENS Research Foundation. He donated $500,000 to SENS in 2010, and continues to back their research into extending human life.

SENS has identified seven types of cell damage involved in aging. They carry out research on technologies to systematically repair and reverse each type of aging. When humanity can prevent and reverse all times of the cell damage that results in aging, then people can remain young and healthy indefinitely.

For details: ideamensch.com/jason-hope/

Ted Bauman: Is Bitcoin Cash the Solution to the Bitcoin Problem?

According to financial guru Ted Bauman, the problem with Bitcoin is that it can not process enough transactions per second. Bitcoin can process a paltry amount of transactions compared to the major financial companies. For example, Visa can process up to twenty four thousand transactions every second, while Bitcoin can only process six and a half transactions per second. It works right now because few people use it compared to other currencies. However, even now it can take up to an hour for a transaction to take place. It is simply not feasible to be used as a real currency for everyone in the world. Follow Ted Bauman at stocktwits.com

However, Ted Bauman points out that there have been steps taken to fix this problem. Bitcoin uses a blockchain technology. Ted Bauman pointed out that if you decrease the amount of data in each block, the network will not be so overloaded. Another solution is to increase the number of blocks that you have. Some people came up with the segregated witness technique to try and decrease the amount of data in each block. Others did the hard fork technique, which eventually led to the creation of a whole new cryptocurrency and Bitcoin Cash. People who already had Bitcoin then became the owners of the same amount of Bitcoin Cash for free.

The truth is that the segregated witness technology was canceled not long ago. That is why the price of Bitcoin Cash went up. However, there still seems to be no real solution to the problem. There are other cryptocurrencies out there that do not have this problem. Ethereum has its own solutions. Bitcoin Cash does not seem to be taking over Bitcoin itself, though it does have a higher price than Ethereum.

Regardless, says Ted Bauman, this is a serious issue. If Bitcoin does not fix this problem, then it will simply be impossible to use it. If you need to get out of a parking garage, for example, and you can only pay with Bitcoin, then it can take you an hour just for the payment to go through. You will be stuck until then. The same goes for buying a soda from a vending machine if it accepts Bitcoin.

Ted Bauman, the editor of The Bauman Letter, has many years of experience in the financial market. He is an experienced analyst.Check:http://thesovereigninvestor.com/precisionprofits/ted-bauman/

 

Newly Transformed Obsidian Energy

Obsidian Energy is a trusted Oil and Gas production company based in Calgary, Canada, innovating the oil and gas industry today. Formerly Penn West Petroleum, Obsidian has experienced a significant rebuild of itself going thru a transition period, selling most of their assets to reduce debt in 2014 but has bounced back to becoming one of the mid-sized business leaders when it comes to producing natural gas. After 2 years of transformation within Obsidian Energy, since the year 2016, this company has become leaner, stronger, and is excited in looking forward to even a brighter future. The only way Obsidian has had the opportunity to rise to the occasion is from displaying three qualities, accountability, discipline, and relentlessness, which the President and CEO David French of Obsidian Energy leads the way doing.

 

The company was at the apex of its success and was even among the sixty most prominent firms in the Toronto stock Exchange and was also a Canadian Royalty Trust (CANROY).

 

Having this mindset and actually applying it, has had a ripple effect on not only the operations of Obsidian Energy as a whole, but on its business partners as well, showing the proof in their services. There are amazing things taking place now with Obsidian which are gaining industry leading results at a faster rate than expected. The cost of their services has decreased dramatically, and their presence in the oil and gas field is only getting stronger every day, from the initial plan they have lined out at the beginning of 2018 bringing nothing but positive results. Visit This Page to learn more.

 

There is a reason those three words that was mentioned earlier that defines Obsidian is so important. Those words have been the new standard going forward in making a good name for themselves and differentiating from the competition in oil and gas. One of the good things Obsidian Energy is now doing is already planning ahead for 2019, to add to their success moving forward by making their services in the marketplace more affordable.

 

Read More: https://www.obsidianenergy.com/

Jed McCaleb – The Innovator of Cryptocurrencies

Jed McCaleb is an expert in the field of artificial intelligence research and development. In 2014 he helped cofound a company called Stellar Developmental, which aims to provide low income individuals and members of the developing world by utilizing cryptocurrencies.

Stellar intends to forge a chain of networks between several different institutions. Using the technology provided by Stellar, the institutions will be able to offer services that were previously exclusive to only the middle and upper-classes.

Stellar has a very unique core audience it wishes to reach. While most companies are only targeting the rich and wealthy, Stellar is attempting to reach the poor and needy. Stellar’s core audience consists of low income individuals and families in developed countries, but mainly they want to reach developing countries that have no other financial options. Stellar refers to its audience as the unbanked because they have no one advising or assisting them with their liquid assets.

Jed McCaleb believes that artificial intelligence is far superior to blockchain and that it will achieve more in the financial sector than most people believe. This is the reason Jeb McCaleb has invested his time with Machine Intelligence Research Insitute (MIRI.) The institute is a nonprofit organization that dedicates their time and money to inventing new tools that will ensure a safe way to use artificial intelligence software in the near future.

Stellar and MIRI are not the only companies that Jed McCaleb has invested his time with. His first major venture was eDonkey200, a peer to peer file downloading network, which was the very first to use multi-source downloading(which is now peer to peer standard.)

Jed didn’t stop his world changing innovation there. Jed also created Mt. Gox, the world’s first bitcoin exchange, which is now owned by Tibanne Ltd and operated out of Tokyo, Japan.

Listen to Jed McCaleb on YouTube

Find Security First In AvaTrade

Professionals in the financial markets encourage you to diversify your portfolio capital and by getting involved with more than one of the traditional investments. These options are the trading categories like stocks, bonds, precious metals and the foreign exchange market. Many professionals believe that their greatest level of security is in currencies.

The currencies of the world all rise and fall based on the developments of world economies. Currencies will ultimately stand as long as countries remain segregated in individual economies. The security of the foreign market is grounded in its ability to keep the nations of the world in constant advancement.

There’s One Way To Get The Right Exchange On Your Investments

The currencies of the world create a market that nations look to when better understanding the currency value of an economy. There’s a large technical process undertaken to finalize values and prices worldwide, and this process is why investors make their money. The economic accomplishment of a nation ultimately dictates the power of that nation’s money.

To truly understand this strength, other nations must be taken into consideration. These nations are all traded on the exchange and follow a valuing process that gauges the value of commerce. The process itself is an analysis that allows investors or those with financial interest to leverage the final price of major currencies and their economies.

Crypto-Technology That Makes The Broker Obsolete

The quickest way to get into the foreign exchange market is to better understand what AvaTrade is and how it works. If you can imagine a time when the stock broker was your best friend, then you can imagine the change brought to foreign exchange. The technology of AvaTrade lets you own a reliable platform to function all of the basics in forex.

You’ll uncover technical and fundamental analysis that gives you a clear overview of what the market is doing. The live data feed through AvaTrade is also relied on by the world’s leading day-traders, and you can get this same technology within your hands. Technology’s constant advancement is integrating crypto-currencies with forex platforms through safety and ease.

Oxford Club Helping People Invest Smartly

Oxford Club is a financial publishing house based out of Baltimore, Maryland. It was started around 1989, and since then has grown to become one of the most subscribed commercial publishing houses in the country. It currently has more than 157,000 members, and the count continues to increase with time. The primary aim of Oxford Club is to ensure that the members are getting the first-hand financial information they can use to make smart investment choices. The market is volatile, and there are many different investment tools available these days. It is hard for the people to comprehend where to invest, and which investment option to leave out and avoid.

Oxford Club helps its members to know where to invest when to invest, and with a range of other financial information, investment tips, and guides. It helps the members to organize their finances and invest smartly. The investment tips offered by Oxford Club are primarily based on four primary principles, which includes that the person must always diversify their investment and must never put all their eggs in one basket. Oxford Club has helped many members make smart investment choices, which has helped them with their wealth creation goals. One of the principles of investment that the Oxford Club wants its members to remember is that they should always have an exit strategy when they invest.

Oxford Club also believes that the members should try and find new ways to save money on their investment. Many investments come with a lot of overhead expenses and fees, but Oxford Club provides tips to its members on how to invest so that these fees can be minimized. It would also help the members to save taxes, which is one of the key things that most people are looking for. The tips and tricks provided by Oxford Club to its members can be useful in organizing their finances.

Siteline Cabinetry For Custom Made Kitchens and Other Areas Of The Home

Have you recently purchased a home and are looking to make changes? Are you tired of the cabinets in your home? Are you looking for cabinets that are affordable but stylish? If so, Siteline Cabinetry is the new name that all homeowners should know. They offer the functionality that all homeowners like with a price like no other custom cabinet maker.

Maybe you are looking to update a laundry room or a bathroom, Siteline Cabinetry has cabinets for those areas as well. No matter what area of the home that you are trying to update, Siteline makes a cabinet choice available for you to choose from.

Maybe you have a space in the home that needs more storage space and you want something a bit more permanent and not something that needs to constantly be moved around. If so, Siteline Cabinetry can be used for all areas of the home. You can use the cabinets in the garage, laundry room, bathroom and more.

There is nothing more stylish and updated in a home other than custom made cabinets that are made to your specifications, your style and more importantly, your design. When you order custom made cabinets from other places, you will pay an arm and a leg. When you do that, well your going to need even lower cabinets to reach.

With Siteline, you can purchase those desirable custom, made to order cabinets and still keep both your arms and legs. When it comes to remodeling, it is very difficult to maneuver around the home with all the construction going on. For homeowners, it can be simplier to purchase your prefabricated cabinets from local stores but if you are willing to wait for your custom cabinets, you will not be disappointed that you had to wait for them to be made.

If you have the time to wait for your cabinets to be created and then delivered, you will not be sorry that you chose Siteline Cabinetry over your local hardware store. Your cabinets are going to be created by professionals and will meet even the highest of expectations.

More on Siteline Cabinetry: https://www.wood-furniture.biz/forums/entry.php/2210-Choosing-the-perfect-kitchen-cabinets-is-simple-with-Siteline-Cabinetry