Posted in Business, Business Leader, Former CEO

Louis Chenevert – The Man Who Left a Legacy at UTC

The magazine known as “Aviation Week and Space Technology” named him “Person of the Year.” The affiliate of the University of Montreal, HEC Montreal, awarded him a honorary doctorate. Also the National Building Museum would shower him in awards in 2009. He was so intelligent that Goldman Sachs tapped him to be an advisor in 2015 for their Merchant Banking Division. Who was this man? His name is Louis Chenevert, and if you are in business, you would be wise to listen to him.

Chenevert began his career by working for General Motors. It was here that he worked with the brightest minds in the production management field. He sharpened his skills and became one of the best production managers the company had ever seen.

He would go to leave General Motors after working there for fourteen years to pursue his job at the aircraft manufacturing company Pratt and Whitney. Chenevert found that he had a knack for this niche of business and was promoted to the role of company president in the year 1993. Chenevert believed he could reorganize the entire sector, but many doubted him. His doubters knew that this once proud sector used to make up nearly a quarter of America’s GDP, but now it was not even half that amount. Chenevert was up for the challenge.

In 2006, Chenevert would go to become CEO of the United Technologies Corporation, or UTC for short. To be competitive, he would lead UTC to acquire none other than Goodrich. This came a cost of $16.3 billion, but it launched UTC to the top of its field. Chenevert would begin producing high quality products ranging anyway from commercial and military jet engines to flight controls and sensors to the very air conditioners that each of us have in our homes. From there he would lead UTC to become a Controls & Security juggernaut, before retiring in 2014.

Seeing how wise Chenvert was in his business dealings, it is no wonder that the stock for his company rose from the boring $37 a share to the eye opening $117 a share it is today.

Posted in Bottled Water, Business, Food Business, Inc. 500

Waiakea Water’s Partnership with Pump Aid Makes an Impact

People across the world are becoming more aware of their impact on the environment. They are increasingly looking for ways to conserve the environment ranging from the use of eco-friendly environmental conservation methods to consumption of easily disposable plastic bottles. Bottled water has become popular globally as it is convenient and ready to use. However, Waiakea water encourages the use of eco-friendly and biodegradable water bottles to reduce adverse impact on the environment.

About Waiakea

Waiakea, a Hawaiian volcanic water supplier, supports Pump Aid, a nonprofit organization to increase access to safe and clean water in Africa. Waiakea partners with Pump Aid to install pumps in remote villages to allow locals access clean and safe drinking water. Waiakea commits to helping Pump Aid continue its important cause of increasing access to safe and clean drinking water. Waiakea uses environmentally-friendly practices to help people access safe drinking water while conserving the environment. In every 20 seconds or so, a child dies from water related issues. It could be in the form of thirst, disease, or natural calamity. Waiakea looks forward to addressing this by helping build up Pump Aid. The initiative between Pump Aid and Waiakea springs will contribute toward reducing water-related deaths. Besides, it will create better and wider access to clean, safe drinking water.

Waiakea water can be highly sating, especially when served cold. Besides, its benefits are remarkable and unending. Waiakea sources its water from the Big Island of Hawaii where it rains throughout the year. That means Waiakea has a constant flow of clean, fresh water. Again, its water contains an optimal amount of silica. Recent studies have shown that silica can reduce the risks of Alzheimer’s disease.

Ryan Emmons, aged 22, is the founder of Waiakea. He discovered something special in the Hawaiian water after spending the summers and winters with his family in Hawaii in 2012. Despite stiff competition in the beverage industry, Ryan Emmons saw an opportunity of growth. Today, Waiakea’s value stands at $10million. It has experienced 4000% growth since its inception in 2012. In the last three years, Waiakea has sold 122,400 cases up from 2,304.

Posted in Business, Dentistry, Sleep Apnea

Dr. Avi Weisfogel, the Medical Professional Behind Sleep Apnea Innovation

Sleeping disorders are a common condition among various individuals. It may seem like a small issue but its effects are severe in the long run if not addressed effectively. A six to eight hour sleeping period is recommended by specialists as a healthy lifestyle. Inadequate sleep can lead to losing of hair, puffy swollen red eyes, wrinkles, and a dull skin complexion.

Dr. Avi Weisfogel has made tremendous steps in helping patients with sleep disorders and new discoveries in the field of medicine. His over two decades experience enabled him to invent an oral appliance gadget. This is inserted in the mouth to enable sleep apnea patients to have a peaceful sleep. He introduced the device to the market which gained popularity among other physicians and patients.

About Dr. Avi Weisfogel

A former Biology and Psychology student at Rutgers University, Dr. Avi Weisfogel academic life is proof of his thirst for knowledge. Having earned a degree was not enough for him. His passion for medicine made his move to New York University. He enrolled in the universities dental department. His patience paid off when he earned a DDS. As a true entrepreneur, he decided to open his own practice instead of being employed. He named it Old Bridge Dental Care. Running his own business enabled him to gain experience in marketing. His determination earned him The Best Dentist Award for two years consecutively

His success has greatly been contributed to a strong dedication to his passion and ideas. This he relates to his role model the late Steve Jobs. As a successful dentist for many years, he realized that he also had an interest in helping sleep patients. This he achieved through coming up with oral Appliances. This is a gadget that he improvised to assist patients with Obstructive Sleep Apnea (OSA).

Thanks to Dr. Avi Weisfogel inventions, sleep disorder patients have a remedy. Healthy Heart Sleep is one of the doctor’s successful projects. With a solid 20 years experience, he uses the project as a platform to share his experience with fellow physicians hence spreading of knowledge. This has enabled the curbing of sleep apnea condition hence benefits to the patients. He runs an organization named Owner Unlimited Sleep Patient that that offers information to patients and interested dentists on various ways to curb sleep apnea. It also promotes partnership with renowned experts from various disciplines.

Posted in Bank Leader

Can Luiz Carlos Trabuco Cappi Keep Bradesco At The Top Of Brazilian Banking?

Throughout the 2000s, Bradesco, now the second largest banking conglomerate in Brazil, experienced phenomenal growth. This was largely due to organic growth of the banking market itself, with many economically productive Brazilians rising in economic status, driving demand for banking services. But it was also due to the strong leadership of Bradesco’s president, Mario Cypriano, who had made a number of important acquisitions, further driving growth. The sum total of all of this was that between 2003 and 2009, Bradesco’s stock price rose by more than 200 percent.

In 2009, Luiz Carlos Trabuco Cappi took over the helm of the banking giant, by this time, the number-two financial services firm in the country. The problem for Trabuco Cappi was that the days of easy organic growth were largely behind the firm. With the Brazilian economy stagnating and most of the organic growth that had taken place as a result of spiking demand for banking services coming to an end, it was clear that Trabuco Cappi would not be able to repeat the phenomenally successful strategies of his forerunner. Still, as soon as Trabuco Cappi took office as president, he made it clear that the overarching goal of his tenure would be to grow Bradesco into the largest bank in Brazil.


But in 2009, another problem that Trabuco Cappi faced was that nearly all of the viable acquisition opportunities for such a large bank had largely been gobbled up already by Bradesco and its chief competitor, Itau Unibanco. The latter, in particular, had proven to have a voracious appetite for eating up smaller banks. In fact, it had grown into the largest bank in Brazil over the preceding decades almost entirely through acquiring smaller firms. This left slim pickings for Bradesco to choose from.

Nevertheless, Trabuco Cappi pressed on with his mission to find the right acquisition targets to allow Bradesco to grow enough to overtake Itau Unibanco as Brazil’s number-one financial institution. After patiently waiting for six years to find the right deal, rumors started swirling that HSBC was looking to divest its Brazilian assets. This was music to Trabuco Cappi’s ears. HSBC was one of the largest banks in Brazil and its acquisition would instantly put Bradesco on top in a number of different areas, including branches and cash on deposit. The acquisition of HSBC would be a coup for Bradesco and its shareholders. In early 2015, Trabuco Cappi sprang into action, feeling out the HSBC higher-ups to see if a sale might be on the table. He was soon pleased with what he was hearing.

Throughout the first half of 2015, it became clear that HSBC was indeed looking to dump its Brazilian operation. In the incredibly competitive and stagnant Brazilian banking market, HSBC had been losing money multiple years in a row. It was also necessary for the bank to allocate some of its top talent to the management of its increasingly loss-prone Brazilian assets. It wanted out.

Trabuco Cappi seized on the opportunity. As a result of the massive growth it had experienced the decade before, Bradesco’s cash position was strong. After much negotiating and due diligence, Trabuco Cappi made an offer of $5.2 billion, all cash, for the outright purchase of all of HSBC Brazil’s assets. It didn’t take long for HSBC to accept the offer, instantly transforming Bradesco into arguably the most important banking institution in Brazil.

The deal won Trabuco Cappi the Isto E Dinheiro Entrepreneur of the Year award for 2015. But it has also positioned Bradesco, a bank that only 30 years ago was nothing more than a minor regional player, into the undisputed leader in many areas of Brazilian banking. The question will be whether Trabuco Cappi can capitalize on his newfound strategic advantage. But if the past is any guide, Itau Unibanco had better watch out. Trabuco Cappi has a long track record of turning unprofitable business lines into gold mines. Bradesco’s future looks better than ever.

For more information about Luiz Carlos Trabuco cappi, just click here.