End Citizens United is PAC formed back in 2015. It was created to combat the decision reached in the Citizens United vs. Federal Election Commission case. The controversial decision that barely passed 5-4, set the precedent that freedom of speech qualified for corporations. Now election reform is in trouble, as Big Money can support candidates with no limitations levied at all. This has many wondering if votes even matter anymore. End Citizens United is focused on repealing the decision by playing a little political chess game. It support candidates who are pro election reform. Candidates like Elissa Slotkin, Brenden Kelly, and Andy Kim.
These are three of the candidates they End Citizens United recently endorsed in their preparation for the 2018 midterm elections. ECU also fights candidates who accept Big Money support. Most recently they filed a complaint against Rick Scott, alleging that the politician was using a super PAC to finance his campaign and pay off debts. End Citizens United’s goal is to stack the deck with like-minded candidates who will focus on passing legislation that ends the Citizens United precedent. It is a hefty goal, and it will take a lot of complete, but it is possible.
For anyone who says that it’s not possible to compete without taking money from PACs: @BetoORourke is paving the way and showing all candidates how it is done. https://t.co/Lhxmx2LEbG
In order to reverse the decision the first amendment has to be amended, the definition changed to include only the individual. If this occurs corporations will once again have limitations placed upon them and elections will be a little more balanced. At present there is too much fear that corporations will use support to nab policies or laws. Financing a politician so they will swing some legislation their way. Politicians like Scott. The road to victory is not an easy one, many candidates who are against campaign reform still hold key seats. But with many abdicating the time is ripe for upheaval.
Randal Nardone was one of the founders of the global investment company Fortress Investment Group. His association with the firm allowed him to easily be recognized for his efforts, which was why he was chosen as the Interim CEO in 2011 when he was 55 years old. At that time, Fortress had approximately $44 billion in Assets under Management. Mr. Nardone was once in the Forbes list of billionaires back in 2007. His estimated net worth at that time was $1.8 billion. He joined Fortress as one of the firm’s founders, and he has also served as the Principal. After the Initial Public Offer for the company in 2007, he quickly became a billionaire as part of the Fortress Five. Although he fell out of the billionaire’s club, he is still active when it comes to his business and investment efforts. In fact, he is also a part of the Board of Directors since November 2006.
Randal Nardone has impressive background throughout his whole career. He once worked as the managing director of the Union Bank of Switzerland. However, before he joined one of the banking giants, he was once a principal of BlackRock Financial Management. Apart from his mentioned jobs and responsibilities, he also became a partner of the Thacher Proffitt and Wood, a law firm where he was also a member of the executive committee. Randal Nardone earned his undergraduate degree from the University of Connecticut. He currently holds a JD, which he received from the Boston University School of Law. Randal Nardone is best known as the financialist behind his company. He has the knowledge and experience in the field of finance.
Additionally, he has worked with several clients in the past, which allowed him to provide significant insights that led to the positive improvements of Fortress Investment Group. Together with Wes Edens, Mr. Nardone established the firm in which he is the CEO. Throughout the years, he has contributed immensely, and it paved the way for the company to offer high-quality services to their clients. With the help of his education and his work experiences, he has become one of the most trusted experts in the field of finance. Randal Nardone is a respected financialist and remains a professional in the face of adversities. His past jobs showed that he worked in different positions, which provided him with the know-how in implementing rules and other details that would assist all facets of the business.
Peter Briger, the current co-chairman and a senior principal in the governing board of Fortress Investment Group, is a well-documented person in the investment industry. He plays a vital role in spearheading the investment group to greater heights despite the uncertainties and competitive nature of the investment industry. Based in New York offices, Briger oversees the daily activities of the entity while making critical investment decisions that have significant impacts on the growth and positioning of the organization. However, despite ranking high in billionaires list, Peter engages in humanitarian activities that are geared towards improving the welfare of the common man working to make ends meet. Participating in such activities is not an everyday affair to many billionaires or people in management positions of different organizations.
Peter Briger is a primary contributor to Princeton University alumni fund. The money contributed is used to help fresh graduates to implement their business opportunities as startup capital. Besides donating funds, Briger engages in mentoring the alumni members and helping them to establish their businesses while helping them to make critical decisions regarding their startups. Peter Briger is a member of the Council on Foreign Relations. The council is a non-government organization that does not support political parties but plays a vital role in encouraging better foreign policies. Promoting fair foreign policies is essential in ensuring that the United States government has a good relationship with other nations. A better relationship helps trade to thrive between different countries hence allowing exporters to earn returns while importers acquire goods and services.
Besides, Peter’s support for the Central Park Conservancy Organization is in public domain. Previous reports indicated that he had donated more than six hundred million U.S dollars to this cause. Conservation is an essential aspect of the modern world as different governments are trying to come into terms with the impacts of climate change. It also works well in making the world a better place for the current and upcoming generations. Moreover, Briger has recorded significant interests in quality education as well as poverty alleviation in the United States and countries abroad. Lastly, Briger is a member of the Silicon Valley Leadership Council under the Global Fund for Children. The leadership council at Silicon Valley works in conjunction with other entities in tapping talents at a young age and harnessing them so that they can grow to be essential members of the society. The organization has assisted many children to achieve their goals through innovation. The philanthropist nature of Peter Briger should be commended due to its impacts on the world at large.
Amongst the alumni of the prestigious University of Pennsylvania’s Wharton School of Business, Peter Briger is one. He obtained his Master in Business Administration (MBA) here after completing his undergraduate degree at the Princeton University. Truth be told, before or even during his graduation, Peter could never have imagined himself having all the life achievements that he has today.His early career life was characterized by discipline and tenacity. After obtaining the Master Degree, Peter Briger joined Goldman Sachs & Co., a reputable investment banking company. Here, he performed various operational, management, and leadership functions. Through the application of the vast theoretical knowledge and also with a combination of hard work, Peter was able to gain enhanced expertise in foreign investments, distressed debt, real estate, trading, and loans.
All these could later become the prerequisite for his success at the Fortress Investment Group.Still, at the Goldman Sachs, his proficiency in finance became incredible. This saw him become a partner with the investment bank, a short while before leaving for Fortress in 2002.Immediately after Moving to Fortress Investment Group, his leadership impact begun to be felt. He was the co-principal, alongside two other principals. At this time, the total assets under management of Fortress Group amounted to a miserable $400 million. A few years later, the Group’s portfolio had sharply risen to $3.9 billion and further to $32 billion by 2007. No wonder the prime focus on distressed assets during his tenure at Goldman Sachs.
Still in the same year 2007, under the leadership of Peter Briger, Fortress Investment Group announced its Initial Public Offer, despite being an alternative asset management company. This was an unprecedented event that made history internationally since no other company of its type, and size hade made a similar move prior. As a result, Fortress publicity skyrocketed and also later won some industry performance based accolades. For sure, the 15 years’ experience that Briger gained at Goldman Sachs turned out to be oxygen for Fortress.The outstanding nature of Peter Briger makes him more than adorable. Besides his professional engagements, he also participates in philanthropic activities and other forms of social responsibilities. For instance, Peter has a passion for helping the needy children that come from underprivileged families. He is also a staunch believer of education. He strongly believes that the ultimate way to alleviate poverty from any society is by educating its members. Due to this, he also funds education for the poor children who may not afford it.
Wes Edens is a successful American businessman most well-known for his involvement in the founding of the Fortress Investment Group and being the owner of FlyQuest and Milwaukee Bucks. Wes Edens graduated from the Oregon State University, and he received a degree in business administration and finance. After he graduated from the university, he tried to apply for a job, and the Lehman Brothers hired him. Wes Edens started to learn more about the business industry and securing a position at the Lehman Brothers helped him increase his knowledge of how the financial world works. He would be working with Lehman Brothers for six years until a better opportunity from the BlackRock Asset Investors came. He left his first company for a better opportunity and thanked everyone who has mentored him to become better.
He will be working for the next four years as a managing director for the BlackRock Asset Investors, and during his stay with the company, he perfected his knowledge on how an investment would grow in the shortest period possible. He would, later on, require his colleagues to establish a new company in 1998. The Fortress Investment Group was created because Wes Edens and his colleagues thought that a financial firm would earn the most considerable profit. They were never mistaken with the decision to establish the Fortress Investment Group, as the company started to become profitable in a matter of months. Many investors have seen the potential of the company, and it rained investments.
After earning a lot of money from their business, Wes Edens and his colleagues decided to offer the company for trading, and they debuted at the New York Stock Exchange in 2007.More than $600 million were traded away to the public, equivalent to almost 8% of their total shares. Back at the Fortress Investment Group, he was promoted to become a co-chairman of the board of directors, helping their company to survive the global recession in the late 2000s. Knowing that he could still earn more, Wes Edens decided to invest in sports. He bought the Milwaukee Bucks and FlyQuest, and he manages their games. He promised a new arena to be built for his team, and he sponsors the players who are traveling around the world to battle. Wes Edens contributed a lot to the growth of their company, and he is attributing all of their success to their cooperation and desire to become the best in the industry.
Investing for short and long term may seem easy at the outset, but when it comes to investing billions of dollars, there is a lot of risks and future projection involved. The companies that maintain hedge funds and offer investment management services have dedicated research and analytics team that works round the clock to predict market movements. It is necessary for the investment managers to be able to speculate which direction the markets would be moving to ensure that the clients’ money and investment goals are safe and met respectively. It is not an easy thing to do when handling hundreds of millions, because markets are unpredictable, especially the equity markets. However, by diversifying the investments and ensuring that the investments are monitored closely, the financial security and objectives can be achieved with ease.
One of the most successful investment firms in America today is Fortress Investment Group. The company was set up in 1998 and has its head office in New York City. The founder of the company is Wes Edens who is a graduate of the Oregon State University. He has a degree in Finance and Business Administration. His first job was with the Lehman Brothers where he was a partner, and also it’s MD. But, later he joined a start-up with the name Black Rock and helped the company become successful in a matter of few years. He then left the company to develop his own investment firm, Fortress Investment Group. He wanted to use his skills and knowledge to grow his own wealth rather than work as an employee for other investment companies.
Within a few years after its inception, Wes Edens was able to grow the assets of the company by a massive 40%. Wes Edens has a unique management system in the Fortress Investment Group. The company follows a flat organization structure that allows its members to communicate with each other openly. Wes Edens believes that the employees have to be treated well if anyone wants their organization to grow. A company is made by the employees working there and not the other way around. The company believes in providing the best pay structure and benefits to its employees so that they are able to provide the best environment where they can flourish in their careers. Wes Edens has always believed its employees to be an asset and ensures that everyone gets an opportunity to grow.
Fortress Investment Group came out to the public stock exchange market for the first time in February 2007. The initial public offer (IPO) made Peter Briger Jr. an official dollar billionaire. All his shares were at the time worth a total amount of $2 billion. Briger Jr. had a total of 66 million shares in Fortress Investment Group which is currently a publicly traded company on the New York Stock Exchange. Unfortunately, there was a recession for the high water mark for Mr Briger. As of 2018, Fortress Investment Group’s shares have decreased exponentially to 74% since the initial public offer. Briger only owns about 44 million of the shares in the company which are worth just over $350 million. Briger remains an elite player of personal asset investment in the shadows despite the significant hit to his net worth.
In this article, we are going to illustrate how Briger ascended to the top of this secret corner in the world of asset investment. In 2002, Briger joined Fortress Investment Group after spending over 15 years at Goldman Sachs. Briger joined the team at Fortress to lead the debt securities and real estate businesses. This was at a time when the company was determined to diversify from its primary business of private equity. Today, Briger serves as the co-chairman of the board of directors and as the Principle of Fortress Investment Group. Peter Briger’s wealth has been built on his expertise to trade stocks and assets that are not attractive to investors. For many years, Briger has specialized in distressed debt. His expertise in distressed debt was put on display after he co-founded the Special Situations Group at Goldman Sachs.
This was back in 1997.The group was famous for its incredibly secretive operations which yielded trades that were highly profitable. During the past decade, Goldman’s Special Situations Group has received credit for being the core driver of the company’s revenue. Just to tell you how this group has been successful, Goldman Sach’s co-founder left the company back in the year 2007. Mark McGoldrick said that he was he was Getting more returns as compared to his $70 million annual salary at Goldman Sachs. During their peak days at Goldman Sachs, McGoldrick, Briger and their colleagues purchased and sold troubled mortgages in Japan, car loans in Thailand, commercial aircraft, a South Korean beverage company and a British power plant. The idea in all these endeavors was the purchase of assets that were not attractive to the majority of the investors.