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Archive for: May 2016

Month: May 2016

If the allegations levelled against him are anything to go by, George Gascon is a man in a very tight spot. According to a sworn declaration by Gary Delagnes, Gascon once made racially disparaging remarks at a dinner held in 2010 following heavy consumption of alcohol. He is also alleged to be largely unconcerned about diversity in the Police Department. Gascon hit back by calling the police union obstructive. George Gascon is the San Francisco District Attorney.
Delagnes, the former Police Officers Association President, made the submission to a blue-ribbon task force that was put together by the district attorney. The task force is tasked with carrying out investigations on alleged racism and homophobia within the police department. Delagnes made his submission just eight days after Gascon appeared before the panel. In his submission, Gascon testified that the police union had the power to influence a Police Commission or a chief of police’s ability to effectuate reforms.
The police union has been having feuds with the DA over the blue ribbon panel, comprising of three judges. In their submissions that were made public, the police union refers to Gascon as a hypocrite in his action of handpicking the panel himself. The panel had been engaging in negotiations on the terms under which the union leaders would come before the panel. However, the executive director of the panel, Anand Subramanian, has confirmed that the negotiations have since broken down.
According to Delagnes, on one night in 2010 during a dinner attended by himself, Gascon, Martin Halloran and a union representative, Gascon, then a police chief, was drinking heavily. He then started recalling his service with the LAPD. It is at this point that he started making racially disparaging remarks that targeted minorities. He got so loud and animated that another patron walked over to request him to restrain himself.
Upon receiving a copy of the sworn declaration, Alex Bastian, the spokesman for the office of the District Attorney failed to directly respond to the allegations made by Delagnes. In an interview however, Halloran, the current POA president, collaborated the account presented by Delagnes. Both he and Delagnes failed to give specifics.

 

Read more about George Gascon:

http://www.ktvu.com/news/99857253-story

http://www.sfgate.com/news/article/Police-chief-s-remarks-on-terrorism-anger-Arabs-3195205.php

There is a lot of buzz about Venezuela, and there is a lot of talk about the way that businesses are pulling out. Many companies are trying to decide if it is worth their time to stay in Venezuela. The production is a challenge here, and some companies like Coca Cola have pulled out. The sugar shortage has caused Coca Cola to cease production, and that is just the start of all the trouble that Venezuela is facing.
The collapse of the economy according to economic expert Adrian Jose Velasquez Figueroa is causing a lot of people to wonder if there is any company that is safe. There are shortages and constant power outages. All of this has made it rather difficult for businesses to do what it takes to stay in Venezuela. This spells trouble for businesses like Kellogg that has been a food packaging staple in this federal republic.

Many company executives are looking at the big picture for production. “If investors are worried, companies will have to consider pulling away from this hectic environment” added Velasquez Figueroa. When power outages occur this makes it difficult to continue production at full capacity. When production needs are not being met in Venezuela there will be a problem with supply and demand elsewhere, namely America. This is something that has made it hard to consider staying in Venezuela. There is even more shrinkage and black market activity occurring now that there are constant food shortages.

 

 

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Dick DeVos announced the appointment of Phil Dolci, the 48-year-old to lead The Stow Company as the CEO in Custom Storage and organizational products sector. Mr. Phil takes over Frank Newman, who is the former chief executive officer of the Company and is retiring at 67 years but will remain to serve on the Board of Advisors. Phil Bring into the Company great deal of expertise in manufacturing amounting to over 23 years of experience leading in Consumer Products Manufacturing and Marketing. Phil was hired to control the Holland-based Manufacturer being an affiliate of Windquest Group located in the Grand Rapids and owned by Amway Scion and Betsy DeVos, his wife.

 

The Couple has foundations that help in assisting the partners under their affiliate and engages in political activism through offering lectures across U.S schools. Before the Stow Company appointment, Mr. Phil served as the CEO for Crosman Corporation, a firm that was worlds’ leading designer of Shooting Sports attires. In Crosman Corporation, Mr. Dolci headed in the department Manufacturing and supplying of Products.

 

Dick DeVos is expecting the new CEO to lead the Company towards in-depth growth and development in the manufacturing of Consumer products. The Stow Company has already laid infrastructure that will make Mr. Phil develop prominent expansion strategies. Before Joining Crosman, Dolci worked for several companies like Jarden Corporation, Sanford, ConAgraFoods, and a division of Newell Rubbermaid holding leadership positions.

 

The Stow Company was founded in 1984 with a large Industrial facility located at Holland and Indianapolis at Windquest Drive. Stow products are traded under different brands like ORG Home, EasyClose, and Easy Track, and Wine Cellars and operate under umbrella Companies that include The Reserve, Boxed Water, downtown Grand Rapids Restaurant, and Neurocore.

 

Dick DeVos is the Chairman of The Stow Company that he founded due to his experience in Manufacturing of Consumer products. Dick is the only Son of Richard DeVos and Amway. He was raised in Michigan where he attended school at Forest Hill, which is a public school. Later Dick DeVos graduated from Northwood University. He started working for the family Business at Amway Corporation in 1974 where he served at the Managerial position before assuming the position of Vice President in 1984.

 

As the Vice President at Amway International, Dick led the Company into massive growth and development that lead to opening offices in over 18 countries across the globe. In 1991, Dick left Amway and became the President and CEO of the Orlando Magic basketball franchise. He led the Company for the period of two years and returned to Amway Corporation as the President where he acquired big profit Margins.

 

 

Stephen P. Murray was an American citizen born on 2nd August 1962 in Brooklyn, New York. He ventured into private equity investing and was president and CEO of CCMP Capital. CCMP Capital is a private equity firm which specializes in the buyout and development of equity transactions.

Murray went to high school in Sleepy Hollow high school and later majored in economics at Boston College where he graduated in 1984. He then furthered his studies at Columbia Business School and attained a master’s degree in business administration around five years later. Learn more about Stephen Murray CCMP: http://ryvoice.org/stephen-murray-and-ccmp-capital/

After graduating in 1984, he became involved in a credit analyst training program that was conducted by Manufacturers Hanover Corporation and then joined the firm to work there after getting his master’s degree. Stephen Murray stayed with the corporation as it went through some ownership changes and mergers with different companies over the years.

The company was known as Chemical Venture Partners when it was formed. Chemical Venture Partners was a part of Chemical Bank so major decisions which affected the bank affected the company (you can learn more about Stephen Murray CCMP: http://www.nytimes.com/2015/03/01/realestate/west-village-townhouse-for-17-million.html?_r=0). There was a coalition between Chemical Bank and Manufacturers Hanover Corporation and later on with Chase Manhattan Bank.

Chasse bank was then made a part of J.P Morgan and Company become J.P. Morgan Partners where Stephen Murray was made ahead of buyout business.It was in August 2006 when Murray co-founded CCMP Capital as an independent firm and where he later became the CEO in 2007. Other than CCMP Capital Murray was a board member of several other companies.

He served in AMC Entertainment, The Vitamin Shoppe, Pinnacle Foods, Warner Chilcott, Generac Power Systems, Cabela’s, Legacy Hospital Partners and Aramark. Stephen Murray was a generous man who supported philanthropic endeavors. Metro New York has a foundation called Make-A-Wish which Murray largely supported and became a member of the council. Read more: 5 Questions with Stephen Murray, CEO of CCMP Capital

He made numerous contributions to Boston College where he was also the vice moderator of the board of trustees. He was also involved with the Stamford Museum, the Columbia Business School and the Food Bank of Lower Fairfield County.

Stephen was a husband to Tami Murray with whom he had four children; Ryan Murray, Sean Murray, James Murray and Nolan Murray.

He passed away in 2015 on March 12 having left his mark in the field of private equity investing and in the world. Read more: A History of CCMP Capital And Its Founding CEO Stephen Murray

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