Louis Chenevert is the former CEO of United Technologies Corporation. UTC is a conglomerate business that has different companies under it. It is one of the biggest businesses in the country currently. All companies under it deal with production of technological related products. The biggest business under UTC is Pratt & Whitney, a jet engine manufacturing company. UTC has benefited from this company since it has been making profits consistently. Even when others are making losses, Pratt &Whitney is making profits due to the good management of the company under the presidency of Louis Chenevert. Before he was appointed the CEO, he was the president of Pratt & Whitney.
Louis Chenevert knew how technological innovations are crucial in the company. For a company that is involved in production of technological dependent products, it can only be wise that they invest in the latest technology. The reason the company has been doing well in recent years is because Chenevert invested in renovating the company and ensuring that it is coming up with technologically advanced projects. The Gearted Turbofan Engine has been the best selling product for UTC. It has been so important for the company in that it is able to offset losses that other business in the conglomerate may record.
The innovation of this engine was never easy. He invested $10 billion in its production. He even faced resistance from executives who thought the projects was not viable. However, Louis Chenevert believed in his abilities as a businessman and went ahead with production. He had initiated the project while working with Pratt &Whitney but finished it while he was the CEO of UTC.
Louis Chenevert is a top company in the world because of the leadership of great businesses men such as Louis Chenevert. In just six years that he was the CEO, the company tripled its share value. This was a huge increase and indicated how the company grew rapidly during his tenure. He also laid a good foundation that the company would ride on in years to come. So far, the company has been doing well following the impact that Louis Chenevert created.
George Soros is well-known for his philanthropic initiatives and has been in the news for all his various business, humanitarian, and political endeavors. Recently, George Soros came into the limelight once again as he transferred a massive sum of $18 Billion to his non-profit organization, the Open Society Foundations. It made the Open Society Foundations, one of the most prominent non-profit organizations in the world, right after the Bill and Melinda Gates Foundation. The Open Society Foundations is a network of charity organizations from the world over that are working to advance the causes that George Soros believes in such as eradication of poverty, rehabilitation of the marginalized communities, women empowerment, encouraging equality and protesting against the injustice in the society.
George Soros is known to support the Democratic causes openly and sustains the Democrats in any which way he can. In the last Presidential election as well, George Soros funded the election of Hillary Clinton, a Democratic Presidential Candidate. It is estimated that he financed the election campaign of Hillary Clinton with funds of over $30 million, and pledged to support more as needed. He was disappointed when Donald Trump won the Presidential election but wasn’t discouraged at all as he continued to advance the philanthropic and democratic endeavors he feels firm for and has been supporting for a long time. George Soros is one of the few political contributors in the world that has spoken for the LGBTQ communities, and the victims of the drug abuse, which he feels are the marginalized section of communities that can be empowered with support and appropriate measures of rehabilitation.
George Soros has ensured over the years that he channels his wealth appropriately and efficiently to support the underprivileged section of the society and provide that the people, who need help, get it. Even though many in the political corridors feel that the wealth of George Soros is being used unwisely, there is little evidence to support that argument. His support for Black Lives Matter or the Antifa movements has been criticized by many, but it hasn’t stopped him from doing what he feels is right. He has also pledged to give away a massive sum of $500 million to support the businesses of refugees and immigrants in the United States. George Soros says that the cases of racism and injustice have been increasing in the United States in the past few years, and it is the responsibility of the people in power and with influence to take measures and raise their voice against such atrocities.
George Soros is amongst the most successful hedge funders of all time and his company, Soros Management, is amongst the most successful hedge funding companies in the world. His political giving has been under scrutiny, especially after he made $1 billion by shorting the GBP in Great Britain, which led the sharp decline of the financial market in the United Kingdom. George Soros believes that his economic wealth and foresight due to the years of experience in the politics put him in the position to do things to help build a better tomorrow.
George Soros info: www.newsweek.com/tax-cuts-billionaires-republicans-congress-709339