Category Archives: Business Tycoon

Adam Goldenberg: Only the best people for his customer

Fashion visionary, Adam Goldenberg admits he couldn’t tell a peep toe shoe from a Mary Jane before starting Techstyle. His ingenuity built the brand, Techstyle, featuring the popular websites bringing personalized style and affordability to everyone. Techstyle includes Goldenberg’s original brand, JustFab, along with Shoe Dazzle, Fabletics, Fabkids, PS by JustFab and the men’s athletic line, FL2. All the fabulous companies are successful due to Goldenberg’s passion about metrics. Adam Goldenberg’s diligence in measuring customer feedback made him a top American CEO. Glitches in the company’s website are fixed on the spot, ensuring an enjoyable, personalized, online shopping experience. Goldenberg’s success doesn’t solely rest on metrics alone. Goldenberg surrounds himself with the best people.

Adam Goldenberg formed and his first business, Gamer’s Alliance, at the age of fifteen. It wasn’t until he met partner, Don Ressler, that he became a name in the LA startup scene. Together they revolutionized high style through individualized customer service. In building Techstyle, Goldenberg and Ressler sought the best to collaborate with them. The Duo entrusted Kimora Lee to spread-head the fashion direction for JustFab. Kate Hudson’s scene of athletic style branded Fabletics as the premier athleisure company. Celebrities aside, it is the Techstyle’s standard for A game employees that ensures customer loyalty.

Read more
JustFab becomes TechStyle Fashion Group
TechStyle’s data-driven fashion

Goldenberg attracts the top employees because he is transparent about his expectations. First of all, he will only hire passionate people committed to bringing their best every day. As listed on the Techstyle website, Goldenberg and Ressler hold their people to the following standards: to be great at their job, Be Entrepreneurial and Accountable, Do the Right Work, Be a Team Player, Learn, and Grow, and most of all Let’s Not Take Themselves Too Seriously. He believes his customers doesn’t deserve service by B or C level employees; therefore, he won’t hire them. Goldenberg believes the strength of his companies lies in the dedication of his employees. He credits their dedication to Techstyle’s valuation of one billion dollars, giving the company, “unicorn status.”

Despite the mythical status, Goldenberg isn’t changing how he runs his business. He will continue to maintain his high standards in his employees as Techstyle creates more brands and expand beyond the online markets. He believes that his employees will extend the greatness of the Techstyle brand to dominate the apparel market in 2017.

Learn more about Adam Goldenberg on CrossCut
See Adam Goldenberg on Pando

Dick Devos And His Charity Work

The Devos is known for their immense charity work and in what they do. Dick DeVos is known for owning multiple businesses, including the Orlando Magic, Amway corporation, among many other business ventures that have turned into billions of dollars in revenue and worth. Known not for what he wears but more so for what he gives, Devos has been knwon for donating millions upon millions to charitable donations yearly. The entire family has been at the pinnacle of social growth in West Michigan. Having been in their world of business for many years, the entire Devos family has donated more than $1.2 billion in their entire lifetime.

Back in 2014, they were featured on the Forbes list of the annual Top 50 Givers List giving $94 million that year. They were ranked as the 20th top givers. The Devos are known for their immense charitable giving and hard work that has changed the way other businessmen are thinking. They have been known for widely supporting political candidates and different issues, but many magazines have decided not to join into those areas of their business and choice of giving. A good portion has been given to align institutions and to provide solutions.

The entire family works towards creating reliable charitable organizations. They have created about five different family foundations. The parents have the Helen DeVos foundation. Each of the four children have their very own foundations that all focus on different organizations and charities. They have wanted to have the organizations they helped to not discuss the gifts.

All of the foundations work in different ways to help a different group of people. Doug and Maria for example donated about $2.6 million to Grand Rapids public schools. This allowed for the schools to pay for teacher training and also improve the lives of the students to help them with their tuition fees.

The entire family has made huge change over the years. The $2 billion they have shared in their lifetime has changed the lives of numerous people across the globe. Whether it’s Amway or the Windquest Group, Dick Devos is one very respectful and hardworking guy who has worked so hard to create change and provide solutions to different organizations. With his great work both in business and throughout philanthropy, you will find that Dick continues to change his style of business to stay up to date with his innovative approach.

Stephen Murray’s Leadership And Contributions To CCMP Capital

Stephen Murray has been a leading private equity investor and philanthropist. He was the president and CEO of CCMP Capital, a premier private equity company. The firm specializes in takeovers as well as growth equity transactions. Murray was among the initial partners that established CCMP Capital. The company successfully spun out of JPMorgan Chase & Co. in 2006. It did that to steer clear of potential conflicts with the financial institution’s clients.

Murray grew up in a suburb located in Westchester County, New York. He received his Bachelor of Arts degree Boston College. Murray earned his master of business administration from Columbia University. He was first hired as a credit trainee at Manufacturers Hanover Trust Co., based in New York, in 1984. Learn more about Stephen Murray CCMP Capital: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/

After working in the company for a while, Murray became the vice president of middle market lending. In 1989, he joined Manufacturers Hanover’s leveraged finance and private equity unit that gave rise to CCMP Capital. Subsequently, after three mergers, Manufacturers Hanover became a division of JPMorgan in 2000.

In 2005, Murray was appointed as the leader of JPMorgan’s buyout business. At the time, JPMorgan Partners was well known for its investments in middle market deals. It also invested together with the bank’s private equity customers. During this period, CCMP was known as JPMorgan Partners – Learn more about Stephen Murray CCMP Capital: http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/.

The bank dissociated from the venture after the unit outbid TPG Capital and Blackstone Group LP, KKR & Co. for drug manufacturer Warner Chilcot.

The purchase did not sit well with Henry Kravis, KKR co-founder. He warned the bank not to compete against his company. In 2014, Murray noted that it became difficult for the bank to offer them deals. That is because it could be perceived to be favoring its in-house company. However, the relationship remained strong when the two entities became separate. Read more: Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees

Murray has been an excellent deal maker as well as a remarkable investor. The majority of his professional life was in private equity. His most recent board duties include Jetro JMDH Holdings, Crestcom International, and Inforgroup Inc. Murray’s other current board seats include LHP Hospital Group, Octagon Credit Investors, Strongwood Insurance Holdings, and Ollie’s Bargain Outlet.

Additionally, Stephen Murray supported various charity organizations. These institutions comprise of the Boston College, Columbia Business School, and the Stamford Museum. He also helped the Food Bank of Lower Fairfield County as well as the Make -A- Wish Foundation of Metro New York. Murray was the vice chairman of Boston College’s board of trustees. You can also click this link to read more; 5 Questions with Stephen Murray, CEO of CCMP Capital