Sahm Adrangi: Kodak’s New Products Won’t Develop Well

The Kodak Eastman Company has been on the verge of a financial crisis for years and Sahm Adrangi thinks they will soon be declaring bankruptcy. This comes after he and Kerrisdale Capital, a company that he founded and is currently the chief investment officer of, published a negative report on the company’s future. A few months ago, Kodak announced that they would be releasing two new products that they insist will change how photographers get paid for their work. Unfortunately for Kodak, Sahm Adrangi does not agree.

Sahm Adrangi has made a large part of his fortune by predicting the failure of shady companies and arranging short sales of their stocks. This is essentially betting against a company instead of for like traditional stock investments. If Sahm Adrangi’s predictions about Kodak Eastman are correct, he and his investors stand to make a lot of money with this short sale attack.

These two new products that Sahm Adrangi doesn’t see even completely making it to market are being called KodakCoin and KodakOne. KodakCoin is a digital currency that is an attempt by Kodak to capitalize on the cryptocurrency craze that is sweeping the world. KodakOne, a concept that Sahm Adrangi considers a flat out “silly” idea, promises to compensate photographers for their work that is being used without a license. Supposedly, KodakOne will use blockchain technology to identify the images that are being used unlicensed and then contact the company or individual who is using them in order to request payment. While there are several legal and technical issues that Kodak will face in the development of this product, one of the biggest hurdles is one of the simplest ones. KodakOne would pay the photographers whose images are being used without permission with their new cryptocurrency KodakCoin. It’s highly unlikely that anyone would prefer this payment method to traditional currency.

For Kodak Eastman Company, their years of attempting to operate on a capital structure that just isn’t sustainable may finally be catching up to them. While KodakCoin and KodakOne may be exciting to investors now, it’s only time before they fizzle out.

http://fortune.com/2016/04/21/sahm-adrangi-kerrisdale-short-sale/

Tony Petrello Expands Nabors Industries’ Development Capabilities With Tesco Corporation Deal

Nabors Industries released financial statements for 2017 not long ago which showed that their income for that year was up from where it had been in previous years, and part of the financials reflected a new acquisition of Tesco Corporation. Tesco Corporation has also been developing oil rig systems and is a pioneer in automated drilling, and Nabors CEO Tony Petrello believed a merger of the two companies could expand development capabilities. The transaction of this deal was carried out through a stock purchase, and current Tesco stockholders will keep their shares but will also have a small percentage of Nabors Industries common stock. Petrello is excited about new opportunities the deal will bring and is delighted to welcome both field workers and the Tesco R&D team to the Nabors Industries family.

Tony Petrello has been the chairman of Nabors Industries since 2012 and his experience that led to him leading one of the world’s top oil drilling contractors was in administrative law and financial management. Nabors Industries has invested in horizontal and hybrid well technologies, specialized rig analytics, offshore modular series and other analytics systems thanks to Petrello’s guidance. He has managed not only great business-to-business deals but also has conducted shareholder negotiations, one of which brought a pay raise to him of $68.7 million in base pay, bonuses, personal stocks and equity that made him the top paid CEO of 2013. He did not repeat that feat the following year though.

Tony Petrello comes from a blue collar background and grew up in the city of Newark, NJ. He didn’t have a lot of money at the time, but he was academically gifted particularly in mathematics. He earned a scholarship to Yale University where he got his bachelor’s and master’s degrees in math, but he changed course by going into law for 13 years. His relationship with Nabors Industries began as their attorney and he helped them with various securities trading and tax compliance issues. This eventually led to him becoming chief operating officer of Nabors before becoming CEO. Along with managing Houston’s largest oil drilling contractors, Petrello is also a philanthropist who supports neurological research at the Texas Children’s Hospital’s institute where he’s given $7 million.

GLEN WAKEMAN’S WALK OF SUCCESS

Glen Wakeman is the current Chief Executive Officer and the co-founder of LaunchPad Holdings which is a SAAS corporation that was established in 2015. Wakeman has a successful background in several areas concerning the business industry. He is also a known investor and mentor to a lot of upcoming businesspersons in the world. Other than this, Glen is regarded as a Financial Services Executive who has had a lot of significant and successful business endeavors. Glen is passionate about mentoring others as he is involved in the provision of guidance to companies that are just starting and development of M&As as well as new performance methodologies. Glen Wakeman is also the founder of Nova Four. As a chief executive officer, Glen is responsible for roles including board duties and CEO coaching roles.

Glen was successful in the establishment of a stand-alone United States operation worth 2.7 US billion dollars in Puerto Rico headquarters.

In addition to this, Glen has a 20-year experience with GE capital. Here he played vital roles in the overall management, development of business and operation management. As the CEO of GE Money Latin America, Glen successfully an operation comprised of 9 countries. This marked more than 2 billion dollars creating seventeen thousand employments. He also made a lot of partnerships with other organizations hence coming up with a lot of new products. This, in turn, expanded the network reaching to over one thousand branches (https://www.crunchbase.com/organization/launchpad-holdings-llc). In terms of his education, Glen Wakeman received his MBA from the University of Chicago. He also has a bachelor of science in Economics and Finance which he got from the University of Scranton. Other than this, Glen is a certified Six Sigma Black Belt.

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SahmAdrangi shifts the focus of Kerrisdale Capital Management

SahmAdrangi published a brief piece recently which was called the NotherDynacity – The Pebble Deposit Isn’t Commercially Viable, it was aimed at moving the market at around 14th February. In fact, the work was loved by many, thanks to Sahm’s piece.

The Penn State graduate landed an internship at the Merrill Lynch’s credit desk in New York City over sheer hustle and networking. Because of his hard-working nature and “clickability,” Adrangi spent three more years at the trading on the bond desk at Merrill. While at Longacre- the then 4 3 billion hedge fund, Sahm parlayed the experienced he had acquired into a credit trading role. The duration he spent at Longacre parenthetically overlapped with the present Kerrisdale Capital Management founder.

The high cost of living the NYC made Sahm make a life choice to quit Wall Street in June 2015. Other reasons that contributed to his decision to leave Wall Street include the long working hours as well as the perception that things had changed such as the massive industry assets outflows. The seed capital Sahm made at the Wall Street would grant him the opportunity to generate a lot of income from the right securities. He has since developed a passion for investing, and he loves it so much, and that has made him obtain a lump sum amount of cash in his PA.

Adrangi worked at the Credit team for Paulson and Co.- the individual that made at least $6 billion shorting mortgage bonds after he had worked at the Longacre. At the Bowrey Investment Managemnt, LLC, he served a credit PM for the following three years.

Mr. Adrangi recently shifted focus on the Kerrisdale Capital Management. Although the firm shares research on a many of industries in addition to corporations, Sahm directed it to various specific segments in which Kerrisdale Capital Management has established great expertise. A significant sector of focus is the biotechnology sector, in addition to Kerrisdale’s published research on development stage companies that comprise of Unilife, Zafgen, Pulse Biosciences, Bavarian Nordic, Sage Therapeutics just to mention a few.

The mining sector is another area of focus.

Desiree Perez and Jay Z Meet with Universal Music Group

Desiree Perez has been one of the bigger mover and shakers within the larger company that is Roc Nation. Roc Nation is, of course, the brainchild of hip-hop legend Jay Z. Jay Z and Roc Nation have been blowing up the music charts over the past decade and in doing so have become a staple of the industry. Jay Z and Roc Nation have been growing thanks to their huge 360 Deal which was signed with the company Live Nation. Live Nation and Jay Z partnered up on a 10 year, $150 million contract. Now, the iconic contract between Jay Z and Live Nation is coming to an end and the future of their companies hangs in the balance.

Jay Z and Desiree Perez have to honestly assess how the musical industry has changed over the years before deciding to re-up with Live Nation. When Jay Z and Roc Nation first signed their big 360 Deal, the musical landscape was completely different. Musical artists were relying on recording studios and record contracts to make their money. Nowadays, thanks to the proliferation of digital technology, musicians are leaning more and more on their actual live performances. According to sources close to Live Nation, the company is interested in re-signing Jay Z but they are no longer interested in representing the recorded music aspect of the industry, instead choosing to focus on live performances.

Desiree Perez is a close business associate to Jay Z and one of the top people within the company at Roc Nation. Jay Z and Perez were seen having lunch with Lucian Grainge of Universal Music Group while on a trip to Santa Monica, CA. This lunch meeting seems to imply that Jay Z and Roc Nation are more than willing to start trying the waters with different partners.

For more info: twitter.com/desireeperez01

Luiz Carlos Trabuco: CEO And President Of Bradesco Bank

Luiz Carlos Trabuco is the CEO and President of Bradesco Bank based in Brazil. According to the business world in Brazil, Bradesco bank is the second largest bank in the country concerning capital investment and assets. Luiz Carlos Trabuco has worked to gain a good name in the Brazilian business world as well as the financial world. His reputation in business has gone beyond matching his skills in the management capabilities that associate themselves with better business. Luiz Carlos Trabuco has always strived to work for the best in the industry, In fact, he worked for Bradesco Bank because he knows he was working for a company that does not resist change in any way.

Luiz Carlos Trabuco was considered as the entrepreneur of the year in the country because he made one of the biggest purchases in the country. Because of the bold move he made for the bank, the world of business in the country branded him as one of the best entrepreneurs in the country. In 2009, Luiz Carlos Trabuco was noted to become one of the top 100 most influential people in the country. Luiz Carlos Trabuco has also served the Bradesco bank towards achieving the best business solutions for all its clients. This is the reason why it is known to be the best for those who love better business.

Follow Luiz Carlos Trabuco Cappi on LinkedIn.

When Luiz Carlos Trabuco joined the bank, he did not have enough education to rise to a higher position. Therefore, the 18-year-old Luiz Carlos Trabuco worked at the trade section of the bank as a clerk. However, Luiz Carlos Trabuco went on to commence his education at the University of Sao Paulo and graduated with the highest honors in a Philosophy degree. Because of his success in school, he was granted a scholarship to continue his education and graduated from the Sao Paulo University with a master’s degree in Socio Phycology. This master’s degree earned from the University of Sao Paulo enabled him to continue his education.

Luiz Carlos Trabuco commenced his career as an 18-year-old boy working for Bradesco Bank as a clerk, during this time, he was limited in experience. This meant that no one could work for better business than those with enough experience in the industry. This was the reason why he went on to further his studies in the university. Luiz Carlos Trabuco also completed numerous assignments before he was appointed the Bradesco Bank Marketing Director. He took 15 years to become a marketing director since he joined the company and worked as a clerk. During his time as the marketing director, Luiz Carlos Trabuco worked to enable the company’s motivation to succeed the media journals. He also helped the bank attain a news event that had never been achieved since the bank was started in the country.

For over eight years, Luiz Carlos Trabuco worked as the marketing director of Bradesco bank. In 1992, Luiz Carlos Trabuco became the Executive President of one of the main branches of Bradesco bank based in Sao Paulo. This was the time when Luiz Carlos Trabuco became a political enigma due to his superior position at an influential bank in the country. During his tenure as the president of the bank, Luiz Carlos Trabuco worked to increase the profit of the bank concerning the issuance of pension services and loan promotions for salaried individuals. This action proved to be the only thing the bank needed to engage their services across a wide range of sectors in the country. Luiz Carlos Trabuco proved to be the most proficient person in the bank. For this reason, Luiz Carlos Trabuco became the next President and CEO of Bradesco Bank.

Know About Your Star-Matthew Autterson

There is nothing that impacts the revenue of a company than a CEO. It is vital that every company do a thorough research on their CEO. Just like a car, a company is likely to crash if the driver is not well trained. A CEO is the driver of a company, he/she watches the road and determines which lane and direction are suitable for the business.

CNS Bioscience is lucky to have landed on Matthew Autterson. Autterson has a combination that makes him a very great leader. His rich academic background and experience are discussed in this article. He is the best person to take the chief executive role of CNS Bioscience.

Matthew Autterson is so many things to the CNS Bioscience Inc; he is the CEO, president as well as a member of the board. CNS was founded in 2013.It is a company at the clinical stage drug development and focuses on the neuropathic pain.

In terms of experience, the CEO is well equipped because he spent a whole 25 years as a president in the most named financial firms in the state.

Matthew Autterson has a very rich academic background. He is a graduate of Michigan University, where he acquired his BA in Finance. He is also a scholar of University of Denver Graduate Tax Program.

The list of organizations that Matthew Autterson has worked with before joining CNS is inexhaustible. His career began at first State Corporation. Since then, Auuterson has worked with numerous institutions, each of which he has impacted positively. Later, Auttersson left the corporation and joined a small group to charter a coralodo state chartered firm as a subsidiary of New York based financial integrated Resources Inc.

After that, in 1986 he was nominated the President of Resources Trust Institution. In 1989, a significant transformation happened. Broad Inc acquired the Resources Trust Institution together with assets that belonged to the Integrated Resources. Later the Broad Inc, became SunAmerica, Inc. afterwards, in 1988, the SunAmerica was acquired by AIG for $18 billion.

The Ultimate goal of every business is to generate high profit. One of the determinants of a company is a CEO. This is because the CEO has a lot of responsibilities and decisions to make.

Every Company should, therefore, take their time to evaluate the candidates that want the chief executive desk. We have seen many companies whose revenues have changed to both extremes, because of the chief executive choice.