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Venezuela Empties Gold Reserves

As Venezuela passes a threshold that it can’t undo, a drastic decision was made. In order to pay off some of the countries lingering debts, a portion of the countries gold reserves were sold off. 1.7 billion dollars worth of gold was sold. Falling to the lowest number in history according to Aserne.com, the countries gold reserve now sits at just 12 billion dollars.
The economic crisis in Venezuela can be traced back to one reason. Oil makes up 95% of the countries exports. Venezuelan expert Manuel Gonzalez says the country just doesn’t have the infrastructure and the techniques to keep up with the evolution of the field. As of recent oil prices have been the lowest in a decade. When you think of a country with a huge oil reserve you think of Saudi Arabia, but Venezuela’s crude oil reserves is much larger than Saudi Arabia. They just don’t have the technique and resources to continue operations at a profit.

While many will be quick to jump to the conclusion that Socialism is the reason for Venezuela’s fall in prominence, their lack of innovation is truly to blame. Venezuela has a 6 billion dollar interest bill to pay, and no money to do so. Former president Hugo Chavez meant to relieve the country from the monarchy of the U.S. dollar by collecting gold for the country. Now on the brink of extinction, the country is desperate to undo his work.

 

John Goullet’s passion and experience in Diversant leadership

John Goullet is a successful entrepreneur in the field of IT staffing. He has developed a number of ventures in the IT sector. John Goullet started out as a IT consultant and later switched to IT staffing in 1994 when he formed Info Technologies. In just five years, John’s diligence paid off as the company already had grown to a net worth of $30 M and had even been ranked 8th on the 500 fastest growing privately owned firms in the US by Inc. Magazine.

He has been the CEO and owner of Info Technologies till 2010 where they merged with Diversant Inc. In 2010, Gene Waddy from Diversant Inc merged with John Goullet’s Info Technologies to form Diversant LLC. John is now continuing to fulfill his passion of satisfying the marketplace as the Principal at Diversant LLC.

Diversant leadership composes of three persons; Gene Waddy who is the CEO and owner of Diversant LLC. Diversant LLC is now the nation’s largest African-American owned IT staffing and solutions firm. Gene’s expertise, commitment and zeal in helping the IT industry has brought growth and enhanced the reputation of the organization in a lot of Fortune 500 companies.

Prior to starting Diversant Inc, Gene was the National Practice Director for Infrastructure Services at Spherion Technology. He was managing the provision of IT staffing and solutions for big clients all over the country. He acquired experience in IT staffing and technology services industry.

Jim Yoshimura is the Chief Operations Officer. He has had over 30 years of staffing, consulting and industry experience. He provides leadership and strategy to Diversant. Diversant LLC has now grown financially and in operations. Before joining Diversant, he was the Senior Vice President for Experis where he increased revenue to $500M and put up 20 branches. In EDS, Coopers and Lybrand he has held senior positions there.

In Diversant, they offer top level service to make sure everyone is satisfied. The goal is to satisfy the customers, partners and consultants. The trio have made Diversant LLC a successful venture in IT staffing and direct hiring.

Additional Links:

http://dockoftherays.com/index.php/2016/04/28/goullet-helps-make-diversant-a-it-staffing-leader/

How Diversification Has Been Pivotal to the Growth of Highland Capital Management

Due to the competitive nature of the corporate world, firms are obliged to diversify their interests to guarantee their survival. Financial services giant, Highland Capital Management (HCM) is an archetype of how corporations can grow by merely diversifying their operations. With assets spanning real estate, healthcare services, emerging markets, high yield credit and the equity markets, the firm has established itself as a force to reckon with.

HCM has a real estate arm whose role is pursuing investment opportunities. Careful analysis is done to establish the potential that lies in the investment that is about to be made. This cost-benefit analysis ensures that any ventures made are worthy of the efforts and monies spent. With investments amounting to one billion dollars in the property market, the firm is destined for greater success.

On the emerging markets front, HCM has specifically partnered with its Brazilian subsidiary to identify investment opportunities within the country’s economy. Of particular interest to it have been corporate debts. In healthcare, HCM is involved in delivering expertise by managing the assets of renowned healthcare providers. It has assets valued at 2 billion dollars, which makes it one of the biggest players in the sector. Its interests encompass medical technology and pharmaceutical products among others.

James Dondero’s Impressive Résumé

The Dallas resident is the President of HCM and has led it into a period of unsurpassable success since he founded it more than twenty years ago. Jim, as he is commonly referred is a qualified accountant and financial analyst. He graduated from the University of Virginia with a degree in commerce. Before the formation of Highland Capital, he worked at GIC.

Owing to his contribution to the corporate world, James Dondero was bestowed with the 2014 Lipper Award. This is an honorable accolade, which demonstrates his dedication to the industry. James is also involved in various charities in Texas. He has given nearly 8 million dollars while in charge of the HCM.

Additional Links on James Dondero:

http://www.bloomberg.com/research/stocks/private/person.asp?personId=2159086&privcapId=37846394

http://www.prnewswire.com/news-releases/james-dondero-appoints-new-president-of-institutional-products-for-highland-capital-management-300165627.html

Charles Koch Stands Up For Freedom of Speech

Charles Koch, the billionaire who is renowned for funding the campaigns of republicans all over the nation, has joined hands with Michael Bloomberg, the mayor of New York City. Together they have released a joint statement about an issue that concerns them both. Koch and Bloomberg are asking that universities do more to preserve the freedom of speech and to stop discouraging the expression of unpopular viewpoints.

In their editorial that was published in the Wall Street Journal, they said that though it was normal at this time of year for senior businessmen to offer advice to graduating students they instead decided to direct their message to college and university administrators. “Stop trifling free speech and coddling intolerance for controversial ideas…” they said. College campuses are supposed to be places that foster thought and intellectual activity, Koch feels. Yet in the current university climate, administrators are instituting speech codes, trigger warnings, and microaggressions against those who express unsanctioned opinions. There have been several instances where a controversial speaker had their invitation to speak withdrawn, for example. These practices create an atmosphere of intellectual conformity that has the effect of stifling debate, true learning, and academic inquiry. When a student or professor even expresses the wrong opinion they can face harsh criticism and other consequences at the hands of Universities.

Koch’s opinion is that the freedom of expression also comes with the freedom to offend others. He does not believe that colleges should shield students from ideas that make them feel uncomfortable as it does them a terrible disservice in the long run. He thinks that what universities are doing is also against the principles of a free, and democratic society.

Charles Koch is a prominent American businessman, and philanthropist in addition to his well-known political donation activities. He is the Chief Executive Officer of Koch Industries which refines oil and manufactures chemicals. His company is the second-largest privately held company in the United States. As a result of his business prominence, Koch’s message to universities carries a great deal of weight in some circles and he hopes his criticism will allow speech and intellectual debate on college campuses to proceed more openly.

Additional Links on Charles Koch:

http://www.washingtontimes.com/news/2016/may/13/charles-koch-michael-bloomberg-to-universities-sto/

http://www.marketplace.org/2015/10/21/business/corner-office/full-interview-charles-koch

The Importance Of A Brand’s Online Reputation Ever-Increases

Reputation can easily stay with an organization for better and sometime sadly – for worse. While it may take years to build up and polish a company’s image and the public’s perception thereof, it can only take a mere few seconds to destroy it in today’s digital age.

Many leaders within these organizations fail to realize the true value of their online reputation until it’s too late. Subsequently, more established companies who have built up there reputation through once proven methodologies in the past, can suddenly suffer from underestimating the significance of their online reputation, or “webutation”, and its importance with modern consumers. Yesterday’s word-of-mouth or endorsement from a friend or neighbor now typically lies in the hands of an online review or posting from another fellow consumer in cyberspace.Simultaneously, the stock with which other consumers put in these online reviews and commentaries continue to skyrocket in correlation with a company’s bottom line. With commerce becoming more and more digital in nature and the online marketplace for any/every industry continuing to grow, management within organizations must now allocate an increasing amount of resources, as well as strategic foresight, to the internet for sustained revenue and potential growth……and in many cases – just to survive.

Furthermore, with social media having in increasing presence in our society and daily lives, it puts a emphasis on real time information and further puts the pressure on companies to hire more and more human capital, as well – all in an effort to take a more proactive approach to maintaining its webutation and protect the public’s perception of their particular brand in the marketplace.

For many firms – this is where their brand is actually created.

Today, a premium is now placed on brands and their online presence. A brand’s value in the online marketplace has even created an emergence of new positions in organizations – many solely focused on harboring a voice for products and services a company offers.

With social media platforms like Facebook and Twitter that offer a voice for every consumer that has an account and phone handy (the common masses now), company’s are forced to monitor their coveted image 24-7 to drive sales. So much so, they are oft-used in a propaganda-esque way: tweets for promotions or positive PR, likes and dislikes for potentially every micro-move an organization or brand may make.

Who would have ever thought that the click of a thumbs up or thumbs down could potentially have so much impact on a revenue stream? But it does. There are even companies like Five Blocks dedicated to cleaning up online reputation’s.

Search engine optimization plays a critical role in the marketplace, too. The ability to be found on the web or for positive and negative reviews to be located about a particular product and service increases this premium for a brand or organization’s online reputation.

Oft-changing algorithms from popular search engines make this an ever-moving target for organizations. When one day a popular brand or website is found atop a web search, the next it may have fallen out of the top 10 and possibly even worse – off a potential consumer’s radar.

For companies that want to take a proactive approach and strategy for their webutation, it is recommended that a multitude of avenues be monitored and utilized: a company’s website, popular industry-related posting or review websites, blogs that carry a voice in the online community, larger social media platforms, and even retaining a variety of companies that specialize in online reputation management. These are now a must for organization’s seeking to survive in the marketplace moving forward.

Autism Rocks – Sanjay Shah

Autism Rocks was founded by philanthropist, Sanjay Shah, in 2014 when he launched his organization. It is geared towards raising money for the neurological condition to help raise money for research and development. There hasn’t been a lot of research conducted in the past considering autism is a fairly distant diagnosis that hasn’t been around for too long. It’s becoming more familiar and more people are becoming diagnosed with the autism. Shah would like to find out the cause and help raise money for research to do so. His youngest son was diagnosed with autism in 2011 and he wanted to be able to help him the best way that he could. At first he didn’t know how, and he had spend his hard earned money donating to other causes as well as children in India until he decided to form his own company to help raise awareness and better understand the condition.

Sanjay Shah started out in the financial industry where he worked as an accountant for a number of years. He began to grow tired of the hustle in the city, and decided to venture out and form his own investment firm called Solo Capital. Solo Capital is a very successful company that continued to grow very rapidly. It became a million dollar investment firm in a matter of five years, and has allowed Sanjay Shah to gently retire and pursue other areas of interest such as Autism Rocks.

He has dedicated much of his life to forming his own companies and making a profit for his family. He has owned over thirty nine companies, but has recently dedicated most of his time to Autism Rocks. It has recently grown quite a bit, so he has hired two more trustees to the board that he has a history with from his college days. They help with the financial part of the fundraiser as well as the music part. Autism Rocks is a charity that is based on music events that are invite only and help raise money for the condition. He hopes to continue to grow Autism Rocks, and really help those in need.