End Citizens United started in 2010 when the Supreme Court in the USA made a huge classification. It classified corporations as ‘people’, allowing massive corporations to spend unlimited amounts of cash and leave no trace what so ever. Through this classification, elections could be bought with money. Votes and the democratic process were secondary. Even though, End Citizens United have been classified as a democratic outfit, they consistently make it clear that the reason that they are supporting Democrats is because, in spite of having Republican party members speak out against the big money involved in elections, the powers that be in the Republican party and their representatives in the US Senate are vehemently fighting it.
End Citizens United simply have one aim, remove big money from the scope of elections, provide a chance for pro-reform candidates to be heard, and help keep elections unadulterated. They are championing the democratic process in the United States and have vehemently opposed candidates that have used big money to get to where they are. A candidate of the sort, is Rick Scott, the current governor of Florida who in 1997 took a shameful exit from the position of Columbia/HCA under allegations of Medicare fraud which had the firm pay $1.7 billion as fines. Even with Rick’s determination to pass the blame to his subordinates during the crisis and later starting to dismiss the accusations completely.
End Citizens United have submitted complaints against Scott, accusing him of taking campaign donations (that currently have his funds at $78 Million) through the New Republican Super PAC, to avoid limits being imposed. This is a violation of the Federal Elections Commission rules. Closer examination has revealed that Scott was chairing the PAC when private equity firms that profited from his ruling on state pension investments donated to the PAC, which Scott allegedly syphoned to his own election campaign. The firms were believed to have made more than $3 Million in fees alone thanks to his decision. End Citizens United has fought the influence of money in elections and is fighting Rick Scott as well. Their tireless efforts is a ray of hope for a truly democratic election and true reform.
— End Citizens United (@StopBigMoney) July 13, 2018
Randal Nardone is a billionaire that is already self-made. At the Forbes list that lists the world’s top billionaire, he has been ranked number 557. There is a lot people can learn from Randal because the wealth that he has acquired he got it from putting in the dedication, skills in leadership and having the passion. At the Fortress Investment Group Randal is the CEO from August 2013 and the co-founder. People know Randal Nardone as the lawyer that changed to do business. After he finished his studies at the Boston University studying for his J.D, he got employment at Tacher Proffitt & Wood. After that, he gained employment at Blackrock Financial and UBS.The primary role that Randal plays at the Fortress Investment Group is that he is the one in charge of the structure that makes up finance and any legal matter that will concern the firm.
By the help of the public offering and people like Peter Briger, Robert Kauffman, and Michael Novogratz the difference they have made in the company is that they have gotten 53 million shares which when counted would be worth $1.6 million. Randal has proven skill that he has in the legal field that he gained several years back before founding Fortress Investment Group because of the so many companies he offered his expertise.Randal Nardone offered his expertise at different firms like the Springleaf Financial Holding where he played the role of being the president and chairman. Additionally, at the Newcastle Investment Holdings, he served as the vice president that is in 2016, after being in the company as the secretary from 2002.
In companies like the UBS and IMPAC, he held the administrative position. SoftBank Group Corp has announced that they have finished the necessary documents in the acquisition of Fortress Investment Group that cost them $3.3 billion.For the transaction to be closed all the condition were meet leading to an agreement after everyone was satisfied with the decision. Randal Nardone believes that the acquisition will be a good thing since the firm will be under the mergers and agreement from SBG. He knows that the decision will help in the goal that the company has in growing and plans. The company would act as the head of the company that would assist in the growth and becoming better. The staffs at Fortress Investment Group feel that the company did the right decision and a smart one too.
Source of the article : http://insiders.morningstar.com/insiders/trading/executive-profile.action?t=0P000080SF&PersonId=PS000018DV&flag=Director&insider=Randal_Nardone&culture=en-US&productcode=MLE&cur=&nav=no
Investing for the future is one of the most critical aspects of having financial success. Some people struggle to develop a cohesive investment strategy. Over the past few years, Wes Edens has become a prominent investment adviser. He works for Fortress Investment Group, and he even helped start the company.Wes thinks that all clients should be treated equally. At some big investment firms, clients are given special privileges if they earn over a certain amount of money. He makes sure to tell customers that they are all important to him. Although he spends a lot of his time managing the business, he still enjoys interacting with customers each day.
Gold is a common asset for people to invest in. Gold has various benefits, including acting as a hedge against inflation. In the last economic recession, few people were ready for a crash. Most people had to deal with an investment portfolio that crashed in value. Wes had his clients prepared for a coming economic correction. Although he still experienced a negative return in 2008, it was much better than the market provided. Wes encourages everyone to have some exposure to gold in their portfolio. Buying gold is a common strategy for anyone who wants to take their investments to a new level.
Other Asset Classes
As an alternative asset manager, Wes has plenty of other investment options for clients. In the past, he has recommended that investors buy stocks in emerging markets. An emerging nation is a country that is growing rapidly but may still have some issues. A great example of an emerging country is India. Although investors may earn a high return, there are also various risks with this decision.Wes is proud of the work that he has accomplished with Fortress Investment Group. He has helped thousands of people get prepared for their retirement.
Born October 30th, 1961 Wesley Roberts Eden is a Co-founder and Co-Chairman of Fortress Investment Group. He obtained a B.S in Finance and Business Administration in 1984 from the Oregon State University. His career began in 1987 when he became a partner and later the Managing Director at Lehman Brothers. He stayed at the firm until 1993, before he left for Blackrock. He was at the private equity division of Blackrock, known as Blackrock Asset Investors. He was a partner and Manager Director at the firm but left in 1997.In 1998, alongside four other partners, Wes Edens founded the Fortress Investment Group. The other partners included Randy Nardone, Robert Kauffman, Peter Briger and Michael Novogratz. Edens was described by the Wall Street Journal as a man who has an inkling for building businesses from investments. On February 9, 2007, Fortress became a public company through its initial public offering that saw the company becoming the first publicly traded buyout firm.
By 2009, 8% of Fortress shares had been sold to the public for an estimated $600 million.Wes Edens became a paper billionaire, alongside his partners, when in December 2006 Nomura Holdings; a Japanese Financial Holding Company acquired 15% of the firm for a whopping $888 million. He was named Co-Chairman in 2009, and in his capacity, he helped resurge the company by offering subprime lending. The firm had suffered during the subprime mortgage crisis with its stock price falling below one dollar. From between 2015 to 2016 he served as Chairman of the transportation and infrastructure department of Fortress.Wes Edens was the brain behind the acquisition of subprime lender Springleaf Financial Services, which was known then as AIG (American General Finance).
In 2010, Fortress had invested $124 million into Springleaf Holdings but by 2015 the value of the company had grown to an astounding $3.5 billion, leaving Fortress with a gain of over 27 times their initial investment. He is the firm’s Private Equity Chief Investment Officer, a position he has been occupying since August 2009. Aside from his portfolio at Fortress, Wes Edens also occupy key positions in world-renowned firms. He is the co-owner of Milwaukee Bucks, Inc. From June 2002 to February 2007, he served as CEO of Newcastle Investment Holdings. He was also the CEO Eurocastle Investment Ltd. He served as CEO Global Signal Inc. from between October 2002 and April 2006 and has been the company’s President since December 2005. He was also the CEO and President of Capstead Mortgage Corp.Eden is married to his wife Lynn, and they are blessed with four children. With a net worth of $1.2 billion, he is at number 962 of Forbes billionaires.