The New Business Relationship between Fortress Group and SoftBank
Recently, Fortress Investment Group sold its shares to Softbank Group. The management of the organization received a bid in the region of $3.3 billion, which was way above the market value. By accepting an acquisition bid, Fortress Investment Group is helping its customers to make critical decisions when opportunities arise. Despite the company being acquired, it will continue serving independently and be bearing its original name. The funds received will help in serving the customers better and accomplish other goals that required financial support. Finally, to achieve its multinational status and reputation it has right now, the company hired professionals and staff members who had previous experience in finance and investment.
Randal Nardone, Wes Edens, and Peter Briger are some of the high ranking employees at Fortress Investment Group, who have played primary roles in the development and success of the asset manager. Peter Briger is a person with high reputation in debt management and investing in alternative assets. He is the one who implemented the process of buying undervalued assets at discounted rates and later selling them at higher profits. The steps taken by Fortress should be a clear demonstration that a visionary entity should develop a clear path to achieve its vision. One of the strongholds that Fortress Investment Group boasts of is possession of great leaders, among them, being one of the principals, Randal Nardone.
In his career, Randal Nardone was able to implement things that would be of value to every facet of Fortress, and also aiding people and companies from all over the country by offering his advice on financial issues, thereby helping them in an incredible amount. However, Randal Nordone seems to be very good in the field of finance, and he had also earned an undergraduate and master degree in the field of law. He was more interested in knowing how the financial field can be interlinked with the legal sector that led him to switch field and start to work in the financial industry. As we speak, Fortress Investment Group is managing a wealth of over $63 billion on behalf of its valued clients who are always happy to receive impressive investment returns from their investment manager.
Peter Briger’s Inspiring Career Journey
The CEO and co-principal of Fortress Investment Group, Mr. Peter Briger, graduated with a Master Degree in Business Administration from the Wharton School of Business at the prestigious University of Pennsylvania. This was after he had acquired his undergraduate degree at the Princeton University.Like any other graduate, Peter’s thoughts and imagination could have never gotten any closer to the kind of success story that he is today. However, his great achievements have not just occurred as a coincidence; it has been through sheer effort and working tenaciously towards the achievements.Immediately after school, Peter Briger started his career journey by working for a very reputable investment banking company, Goldman Sachs & Co. While here, Briger performed important roles in operations, leadership, and management. He also polished his theoretical knowledge from his school work with skills and experience in various expertise such as loans, trading, distressed debts and foreign investments.
This greatly sharpened his financial acumen, an aspect that saw him become a partner of his employer, Goldman Sachs. By this time, Peter was ripe to make his next career move.In 2002, Peter Briger moved to Fortress Investment Group where he joined as a co-CEO. The situation at the company was not impressive enough, and so Peter had a tough task ahead of him. Luckily, his 15 years at the Goldman Sachs & Co. had equipped him with adequate skills and technical know-how to face such challenges, and so he was up to the task.When he arrived at Fortress Group, the company was managing assets worth a meager $400 million. Shortly after his commencement of operations, the group’s investment tables started turning.
Within the first three years, the portfolio of the company had shot to $3.9 billion. By 2007, the value of the company had skyrocketed to a whopping $32 billion in assets under management. This was an incredible growth for the company that no one could have ever imagined. Currently, Peter Briger is still a co-principal and also the chairman of the Board of Directors at the Fortress Investment Group. Apart from his office commitments, Peter Briger also participates in the individual social responsibility. He participates in the community activities that he believes can improve the welfare of the members of the society. For example, he provides funds to educate children from the needy families in the society. This is because he is a strong believer in education and he believes that to eradicate poverty from a society, you must start by educating the young generation.
Susan McGalla Is Breaking the Glass Ceiling For Other Women
Not many may have heard of Susan McGalla, but she is a woman who believes nothing is impossible no matter the gender and refuses to let anything stop her from reaching her goals. Born in East Liverpool, Ohio. She grew up with two brothers and a father who coached football. Her father taught her, she stated in the article she did for Phillypurge.com that she needed to work hard for what she wanted. She did not receive any breaks because of her gender.
Susan McGalla received a BA in Business and Marketing before her career at American Eagle Outfitters began. Susan worked her way up to become President and Chief Merchandising Officer of American Eagle Outfitters. She contributed to the $3 billion growth in revenue and was a part of the “wear what we wear” campaign that encouraged fans of the Steelers to purchase merchandise.
Susan McGalla’s achievements are a step in the right direction for the women’s movement; however, according to Phillypurg.com the fight for gender equality is still wide. While a plethora of systems provides support to women leaders, allowing them to share information with one another, we still need women in Susan’s position to continue to knock down doors for the ones who are coming behind them. The problem as noted by Phillypurge.com is that not enough women fill the important senior roles in companies.
However, creating sponsorship opportunities may halt the gender inequality that we see in businesses today. A sponsor will work with women, and recommend women for the lead roles on assignments and projects. Phillypurge.com notes that mentorship and sponsorship can be what changes the fight in gender inequality.
Susan McGalla illustrious career leads her on to be the founder of P3 Executive Consulting, LLC. Before she became President of Business Strategy and Creative Development at The Pittsburgh Steelers, LLC. Susan McGalla career proves she is someone who does not let anything stand in her way and maybe she can be that guiding light for other women as well.