A business has a significant part to play in society. In fact, a business does not only exist to make money from the public. It also has a role to play in supporting the community. The basic way of supporting the community is by delivering good and services to the people. There are however other ways through which a business can contribute positively to development in the community. One of them is helping the community in times of challenges. When disasters strike, there is always an appeal for people and businesses to come out and support those affected.
In Texas, some businesses showed dedication to serving the community when they came out in large numbers to help the victims of Hurricane Harvey when it happened. One of the businesses that came out strongly and contributed to the relief mission was Nabors Industries. Headed by Tony Petrello, this is a firm that commits to serving the people better through cooperation in times of need.
Nabors Industries is a company that has its headquarters in Texas. It deals with oil and natural gas drilling technology. Its main role is to help oil companies to apply the right drilling technology. Currently, it has operations in 25 countries. Its drilling technology is the best and has seen pushed it to become the top drilling form in the world.
Anthony Petrello joined Nabors Industries in 1991 after leaving a career as a lawyer. He was first appointed as the Chief Operating Officer before later being appointed the CEO of the firm in 2011 since he joined the company, the operations of the firm are no longer the same. The company has been doing very well in the delivery of services to its customers.
Tony Petrello has created the spirit of giving back to the community in this company. One of the things that he takes seriously is supporting the community. He believes that it is not just about making profits in business but impacting the society through provision of essential goods and services. Nabors industries came out in a big way to support the Houston community during the hurricane. One of the things that he did was to release his workers on a paid leave so that they could assist the victims of the hurricane. Together with his employees, Tony Petrello contributed about $300,000 that went to the relief program of the Huston victims. Since he became the CEO, he has made philanthropy part and parcel of the company’s activities.
The seventy years of the management of Bradesco includes Luiz Carlos Trabuco Cappi. He is one of just four to be the President. The first to hold this position was Amador Aguiar. This is one of Latin America’s biggest financial institutions with nearly R $900 billion total assets and roughly 27 million clients holding accounts.
Luiz Carlos Trabuco Cappi was born in the same places as Amador Aguiar, Manilla. He attended college in Sao Paulo, then started working for Bradesco. Four decades later he was nominated for President. He became Department Director in 1984 and Managing Director Executive in 1998. He became the Vice President a year later and began managing Bradesco Seguros in 2003. This is where he stayed until he became President.
Luiz Carlos Trabuco Cappi performed with excellence at Bradesco Seguros. When the process of succession for President began, this was partially why we was granted the Presidency. The management of the bank has a reputation for growth. Beginning in 2009, the bank increased their account holders from 20 million to 27 million. At certain times more than six thousand accounts are opened in the course of a single day. During this same time, the savings accounts increased from 377 million to nearly 50 million. The service network increased from 3,500 agencies to nearly 5,000. The new President was expecting a hundred million individuals would be entering the market by 2025. This means Bradesco may see 20 million new customers.
There is no doubt Luiz Carlos Trabuco Cappi was the right man for the Presidency. He has a reputation for a strong performance regarding the commercial aspects. He was responsible for the development of the private pension, handled the marketing and was the CEO for issuing SARDS. He signed some of the groups biggest actions including creating Lagoa’s traditional Christmas tree in Rio de Janeiro. He was responsible for relocating the headquarters of Rio to Sao Paulo. A few moths later he had convinced the company they should remain in Rio for economic reasons. All of this from a man who began working for Bradesco as a clerk. He has become the embodiment of the spirit of Bradesco.
Luiz Carlos Trabuco Cappi provides special attention to the basic banking and traditional service practices. He believes even secondary services are important because they reflect the desire, interest and value of the services. This is reminiscient of the way Amador Aguiar once greeted the clients and reflected on the service of the bank. Every employee understands the goal of the President. He wants Bradesco to overtake Itau and become regain the position of the largest private bank in Brazil. Bradesco closed with assets worth R $896 billion while Itau closed with R $106 trillion.
As the President of one of Latin America’s biggest private banks his relationship with President Dilma Rousseff is very close. The frequent dialogue between the two is due to much more than the strength of Luiz Carlos Trabuco Cappi’s position. The close advisors of Dilma Rousseff realize she both admires and respects the executive. This is the reason she listens constantly. Her respect increased just a little bit more when he publicly announced long term credit would be granted to companies making an investment in constructing roads across the country. He is currently exactly where he belongs.
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In 2004 a lady caught the eyes of fashion lovers when she registered an account on e-bay called Lime Crime. The idea behind her business model was to focus on colorful makeup and make it a brand which she successfully did. Doe Deere, the lady behind the ingenious design, attributes the discovery to her earlier sewing days when she realized bright and unusual colors were hard to come by and thus creating a business concept out of it and subsequently Lime Crime Cosmetics launched in 2008.
Doe Deere is not just the regular makeup artist, but a business lady focused on pushing her brand to higher heights. Named one of the ‘Top Inspiring Female Entrepreneurs’ by Self Made magazine, she says she is on a mission to prove that makeup is not only worn to cover imperfections but also as a form of expressing a sense of style and exercising freedom.
Doe also says that beauty is not just the natural or appealing looks, but whatever feels right, thus it gives people room to step out of the conventional ways of doing makeup and that is what her brand supports. Born in Russia and raised in New York she has always been that imaginative person who is into color, and she believes the world’s beauty is brought out through color.
Lime Crime has grown into a ‘cult’ with many loyal customer bases. Doe attributes the growth to the product’s design that is 100% vegan which means that no animal testing was done in brand developing. She also speaks to people who are looking to get into entrepreneurship and advise them to use failure as lessons to push forward and work on bettering their product, because disappointments and lows will come what determines how far you will go is how fast you pick yourself up and move ahead. For your business to catch a niche in a particular market, she says you must identify a gap and fill it, and always follow your intuition as business success is based on the right decisions that you will make as an investor.
In 2018 Doe says they will have bright purple as the brand color of the year since their products are unicorn inspired, she attributes her success to the social media age where being different is being embraced, and everyone is looking to be unique and standout in a crowd. Also, packaging and design have been crucial in marketing the product as it communicates the quality and value of the product that is inside she compares this to having a good product in a wrong package makes the package to be considered low quality. Learn more: http://yourbeautycraze.com/how-beauty-expert-doe-deere-gets-ready
The Lime Crime makeup palate is meant to communicate a story in the shades that you would choose to wear. Social media has been an excellent platform for Doe to interact with her clients and get feedback on her products. She says individuality means being fearless and unapologetic about oneself and if she talked to her younger self she would advise her not to be afraid of bright makeup and hair color.
Warren Buffett is convinced that his strategy will yield better returns than those of hedge fund managers by simply investing in a S&P 500 passive index funds. His premise is that many investors are shortchanged by mediocre expensive funds.. Therefore optimum investment strategy is to buy and hold low cost, simple investments for the long term, a successful strategy.
In examining that strategy, consumers should be suspicious of product labels. Many mutual funds provide disappointing returns, due to high management fees and frequent trading. Simultaneously opportunity costs and volatility risks of passive index investments are misunderstood.
The notion that passive index returns is a secure way for retirement warrants examination. Index funds are a good choice for a particular objective, however they provide no insulation in a declining market, exposing investors to losses and volatility according to CNBC.
Read more: Capital Group Board Elects Timothy Armour as Chairman
While it is well known among investors that an ordinary actively managed fund has performed worse than the market over significant time horizons, there are exceptions to this. Exceptional fund managers are those not in high-cost funds who invest their own money in their fund, with resulting funds that outperform benchmark indexes.
Tim Armour’s thoughts on Post Trump market change are that there will be significant changes occurring rapidly. He thinks that the new administration’s policy will stop sluggish growth already occurring in the drilling and oil sector. Tim Armour of Capital Group also warns to expect increased turbulence in current languishing sectors such as utilities and real estate.
When Tim Armour Chairman of Capital Group was questioned about his perspective on the September 2015 market selloff, he stated that the US had a six-year bull run simultaneously with rising markets in most of the world. The U.S. markets were valued fairly, and valuations were extended for some sectors and companies. Therefore the market correction was largely anticipated and healthy since it eliminated pockets of excess.
For more information about Tim Armour, just click here.
When Tony Petrello, CEO and President of Nabors Industries replaced former CEO Eugene Isenberg, in 2011, their share price increased by 180 percent.
Marketwatch reported on May 27th, 2014 that Mr. Petrello earned $68.2 million, in 2013, a 246 percent hike compared to 2012. He made number one on Equilar’s 2013 list of U.S. 50 top paid CEOs. It caused an uproar among many of the company’s shareholders who didn’t support its board’s executive compensation plan from 2011 to 2012. Tony Petrello became a member of the Board of Directors in 1991 and contributed to the company expanding to offshore, in 2002.
Nabors moved to Hamilton, Bermuda with the goal of reducing its federal tax liabilities in the United States. Some of the investors were disgruntled about the move and tried to intervene by filing a lawsuit against Nabors Industries, in Houston, Texas. A federal judge presiding over the case ruled in favor of Nabors granting expansion to Bermuda. To satisfy their shareholders, Tony Petrello and the company amended its corporate governance and compensation practices, in April 2014. One of the most significant changes to their practice of compensation is the executive severance payments limitation to three times an executive’s salary and bonus.
Tony Petrello is an experienced lawyer, executive leader, and philanthropist with years of expertise in corporate law, corporate planning, and operations. He holds a law degree from Harvard Law School and completed his undergraduate studies at Yale University. Since 1991, he has climbed the corporate hierarchy, presently serving as CEO, President, and Chairman of Nabors’ Board and Executive Committee. Mr. Petrello, along with his wife Cynthia Petrello are humanitarians and devote their time and money to Texas Children’s Hospital and the Dan and Jan Duncan Neurological Research Institute.
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