George Soros is the Gift that Keeps on Giving

The term “self-made” is often used these days. In fact, it would be safe to class it as a cliché. However, few people on this earth embody the true meaning of the phrase more than George Soros. Mr. Soros grew from relative obscurity to become the most successful hedge fund manager in the world. With an estimated net worth of $25 billion, Mr. Soros has been a permanent fixture on Forbes’ list of most wealthy individuals over the past decade. That said, Mr. Soros’s wealth is not the most fascinating thing about him – it is his giving. Over the years, he has made significant contributions to the lives of thousands through direct acts of philanthropy and indirectly through political engagements targeted at preserving democracy.Born less than two decades before the commencement of the Second World War to a Hungarian Jewish family, George Soros did not have the easiest of childhoods.

Unlike millions of other Jews in Hungary, he was able to make it through the war physically unscathed. He, however, could not avoid the emotional pain, which in many ways would influence the philanthropic and political contributions he would make decades later. Shortly after the war, he moved to London to further his education. He was consecutively awarded a bachelor’s and master’s degrees in science at the London School of Economics. A job at Friedlander, a bank based in London, followed soon after. He then made the journey to the United States to joined famed brokerage firm, F.M. Mayer. After a brief stint at the company, he then joined Wertheim and Co, another brokerage firm. The big guns thereafter came calling with Arnhold and S. Bleicheroeder offering him the Vice President position. He held the post for a decade before deciding to move on and form his own hedge fund.

Much of Mr. Soros’s philanthropic engagements thus far have been targeted ensuring the protection of individual’s civil rights and freedoms. This is not surprising given that he is heavily involved in political efforts to safeguard America’s democratic principles. In fact, it is estimated that his first philanthropic act of worth came in the 1970s when he assisted African students in apartheid South Africa to gain admission into the University of Cape Town. Over the course of his life, Mr. Soros is estimated to have donated close to half of his current net worth, $12 billion towards charitable causes.George Soros is an individual to be celebrated. For a man of his stature, he did not have to provide the philanthropic and political contributions he has made over the years. Nonetheless, despite being in a comfortable position, he chose to be directly involved in engagements that would arguably benefit others more than they would him. As such, we would be better placed if Mr. Soros continued with his current endeavors for many years to come.

September 3, 2017

Posted In: Author, Business success

Clay Siegal and His Impressive Growth of Seattle Genetics

Clay B. Siegal, the CEO of Seattle Genetics, is recently reported to be able to provide the most incredible growth in the company. In 2016, it was able to reach about $418 million of profit growth, which was up for about 46% in its last record in 2014. The stock price since then was able to reach a triple growth from $20/share to as high as $66 per share in the middle of May.

Recent reports even display that the market value of Seattle Genetics under Mr. Siegal is now boasting a $10 billion market value empowered with an employee workforce of around 900 employees. Siegal can do this because of his ambitious vision in building a big pharma company that invests heavily in research and market development. Right now it even expects a growth of 200 employers every year.

Seattle Genetics can provide this growth mainly because of how it was able to produce wonderful drugs to a global market. The oncology-based Seattle Genetics credits this kind of increase to the large wide of ideas implemented by the company in its vision to establish a business rather than just simply selling its assets, as most of the biotech firms do today.

Clay Siegal was also the Board Director of Mirna Therapeutics; a company focused on biotechnology and the commercialized development of MicroRNA . In 1998, Mr. Siegall also co-founded Seattle Genetics and became its CEO and President, as well as its Board of Directors’ Chairman. It is impressive to know that Mr. Siegal was able to build an excellent diverse and myriad pipeline of cancer therapies that are antibodies-dependent, which include the ADCETRIS, also called brentuximab vedotin, a cancer treatment that got approved by the U.S. Food and Drug Administration last 2011.

The great success of Seattle Genetics also comes from the fact that Dr. Siegal was able to implement capital-growth endeavors that were able to provide $675 million financings in both the public and private sector, including the 2011 public offering they did. Dr. Siegal’s experience as the chief officer at Bristol-Myers Squibb Pharmaceutical Research Institute in 1991 also contributed to the skills of Mr. Siegall in making sure that Seattle Genetics can compete in the global market.

Siegal is also a man of letters and was able to author more than 70 publications and holds in his name the authorship of 15 patents. It’s also not surprising to see that he was able to do this, considering that Dr. Siegall got his Ph.D. in Genetics at the George Washington University. The University of Maryland is where he got his Bachelors Science degree in Zoology.

September 2, 2017

Posted In: Author