Louis Chenevert Is The Real Reason For United Technology Corporation’s Success

Louis Chenevert is an entrepreneur and business leader who has achieved plenty in his lifetime. He started from humble beginnings and had to work his way up to where he eventually made it. He was born in Montréal, Québec where he became interested in business at an early age. he learned, early on, that hard work and determination were what helped people to succeed in their life. He decided to go to college and majored in Production Management at the University of Montréal. After this, he was quickly hired on by General Motors at St. Therese, Quebec where he was tasked with managing its assembly line.

 

After working for General Motors for 14 years, Louis Chenevert could feel it was time for a change. He decided to move forward and work in the aerospace industry where he teamed up with Pratt & Whitney, which is a company that is part of the larger United Technologies Corporation. In 1999, Chenevert became President of Pratt & Whitney and began to reconstruct the company from the top to bottom. He ended making Pratt & Whitney a profitable company after it had been suffering with his leadership skills and willingness to explore new technologies.

 

Louis Chenevert ended up catching the attention of United Technologies Corporation and also put together the geared turbofan (GTF) engine in the provess. He became the Chairman of UTC in 2006 and its Director and invested in the GTF engine, which he knew would be a hit in the industry. Today, the GTF engine is huge in its market and has earned UTC plenty of profit. It, literally, put the company back on the map and is now used by over 14 different airlines as well as 70 different aircraft.

 

Louis Chenevert eventually became the CEO of UTC and has received plenty of praise since he took over the role. He loves challenge and saw UTC through some of the roughest times in the United States economy. He is sure that the company’s portfolio of products will help it succeed moving into the future and is glad that he has focused on taking care of the company’s employees. While Louis Chenevert is not the CEO of UTC anymore, he left behind an amazing legacy that continues today.

 

https://www.wingsjournal.com/yachts-rich-famous-louis-chenevert-steve-jobs-johnny-depp

July 11, 2018

Posted In: Business, Businessman, CEO, Entrepreneur, Investment, Investor, Leader

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George Soros strengthening his foundation and their work with massive $18 billion donation

Prominent investor, philanthropist and business man George Soros just made a $18 billion dollar transfer to the Open Society Foundation, a majority of his $24.6 billion fortune. The Open Society Foundations acknowledged the donation, saying it was part of an ongoing asset transfer, that has been going on for several years. The Open Society Foundations runs operations in over 100 countries. It’s main goals are to combat authoritarianism, promote human rights and support minority groups including refugees, the LGBT community, and minorities.

George Soros’ closest advisers have confirmed that he intends to leave his wealth to the Open Society Foundations, in the next few years or when he dies. The Open Society Foundation is currently valued at $18 billion, making it the second-largest nonprofit behind the Bill & Melinda Gates foundation. George Soros has gained recognition for his strong contributions to Democrat candidates and causes. Open Society Foundation has only recently turned the spotlight on its work to aid victims of hate crimes. The foundation works to prevent police abuse.

George Soros is originally from Hungary. Soros and his family managed to survive Nazi occupied Hungary, by securing false papers and identities. He later fled to London to attend the London School of Economics and work as a railroad porter. George Soros then emigrated to New York, where he made a name for himself on Wall Street. He became one of the country’s most successful investors in history. George Soros managed to start his own hedge fund with outside investors and later turning it into a family business, investing his wealth on behalf of the Soros family and his foundation The Open Society Foundations.

Over many decades, George Soros has made yearly contributions of $800 million to $900 million dollars to the Open Society Foundations. George Soros is expected to contribute $2 billion in the next few years. The Open Society Foundation continues to do work around the world. During the Ebola outbreak, the foundation helped fund treatment centers for those in the affected areas. Thy have also funded a center for Roma culture and art and are working at protecting those in the United States from what they call a “national wave of hate incidents” following the 2016 election.

The Open Society Foundations has acknowledged that they will not increase the number of grants it offers,despite Soros’ rather large contribution. The foundation is spending more than what is legally required on grants. Despite his age and health, Soros stays involved with the foundation’s work. The Open Society Foundation has gained a new sense of urgency following the election of President Donald Trump. George Soros’ and his foundation has made the largest impression on the world. George Soros’ contributions is being overseen by the same Soros Fund Management which oversees George Soros’ personal wealth. George Soros has had a continued impact on the United States and all over the world. George Soros has become the most vocal supporter of those in minority groups and those who have been neglected by everyone.

Learn More: www.opensocietyfoundations.org/people/george-soros

January 10, 2018

Posted In: Hedge Fund, Leader

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