Bruce Levenson’s Timeline From UCG To AIG Settlement Case

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Posted by LLJ43 | Posted in CEO | Posted on 05-01-2017

Bruce Levenson is bringing an insurance company to court for their failure to cover a settlement that they filed in a claim. In this particular settlement, former General Manager Danny Ferry faced an employment termination situation that he filed an insurance claim to cover, and the Atlanta Hawks Basketball & Entertainment (AHBE) group decided to buyout his contract. But AIG, the team’s insurance company refused to pay the claim, and Bruce Levenson and AHBE has decided to take them to court to sue for damages. According to Time Magazine, Levenson and AHBE sold their shares of the Atlanta Hawks in June of 2015 to Tony Ressler and company after owning the team for about 12 years.

Bruce Levenson was a journalist and entrepreneur before he became a sports franchise owner. He studied journalism at Washington University and even went to law school at American University, but decided becoming a lawyer wasn’t for him. He founded a business news organization, United Communications Group (UCG) in 1977, and it began building a portfolio of newsletters covering the oil, banking, healthcare and technology industries. UCG is the parent company to a technology product research and consulting company, TechTarget of which Levenson helped launch. Levenson bought the Atlanta Hawks in 2004, and has also served on the NBA’s Board of Governors.

Levenson has a passion for helping inner city young people achieve higher education, and as part of that endeavor he helped sponsor Hoop Dreams foundation back in the early 2000’s. He and his wife Karen also helped start the Center for Philanthropy and Non-Profit Leadership at the University of Maryland to encourage up and coming entrepreneurs to become philanthropists while running a business. Levenson is also a major donor to the Holocaust Memorial Museum in Washington D.C., and is also active in several Jewish organizations such as Seeds of Peace and Birthright Israel.

Source: http://brucelevenson.com/

Achievements Made By Coriant Under Shaygan Kheradpir’s Leadership

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Posted by LLJ43 | Posted in CEO | Posted on 13-05-2016

 

Coriant is an independent entity that was formed in 2013. Coriant engages in the development of dynamic and innovative solutions to networking problems. The history of the firm dates back to the 1990s when the Siemens Transmission Technology came to the fore. Over the years, technology transitioned from Plesiochronous Digital Hierarchy to Synchronous Digital Hierarchy. Between the late 90s and the early 2000s, the DWDM was developed to enhance the transmission capacity.
The technology is derived from Siemens Optical Networks, Sycamore Networks and Tellabs. An official launch of the company was done in March 2013. In same year, May 6, the firm broke off from Nokia Siemens Network through the ownership of Marlin Equity Partners.
At the time, there was an expected merge with Sycamore, a firm that had also been purchased by Marlin Equity in 2013. The firm whose head quarters are in Chelmsford, Massachusetts, was set to operate as Coriant America Inc. Recently, Marlin Equity announced plans to merge Coriant and Tellabs, a company based in Naperville, Illinois. Tellabs was acquired in December 2013. The merger saw Coriant retain its name.
Coriant engages in the business of selling software and hardware for optical transmissions. These software and hardware are sold to mobile, voice and data networks. The company’s products include optical multiplexing, multi service provisioning and cross connection of optical paths. Coriant also develops software products that aid in network planning and network management. Coriant’s current competitors include Cisco, Alcatel-Lucent, Infinera and Ciena. The optical revenue of Coriant has been gradually rising.
About Shaygan Kheradpir
Shaygan Kheradpir is the current chief executive officer of Coriant. Kheradpir has been in the telecom industry for about 28 years. His career started at GTE, which was later rebranded to Verizon. Kheradpir’s career blossomed at Verizon and GTE where he served in various positions including the chief information of technology and Executive Vice President. He was responsible for the roll out of the FiOS service, which required an investment of more than $20 billion. As a member of the executive team, Shaygan made major changes that led to the creation of huge infrastructure programs.
Later, Shaygan moved to Barclays where he served as the chief operations and technology officer. Additionally, he served as a member of Barclay’s executive committee. In his new position, Kheradpir will be tasked with the duty of boosting the company’s growth. Shaygan is capable of handling the task because he has worked closely with the senior management team as an advisor to the Marlin Equity Partners.

Follow Shaygan Kheradpir on Twitter and check out his LinkedIn profile.

 

The Amazing Life of Stephen Murray

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Posted by LLJ43 | Posted in CEO, Good Life | Posted on 10-05-2016

Stephen Murray is a man who will live in the memories of businessmen all over the world. Murray was a successful private equity investor who founded and led his own firm, CCMP Capital. The firm specializes in buyout transactions as well as growth equity transactions. Armed with his degree from Boston College, Murray joined a training program as a credit analyst at Manufacturers Hanover Corporation. Read more: West Village Townhouse for $17 Million

After five years, Stephen Murray proceeded to join MH Equity. The firm comprised of a combination of the equity group at Manufacturers Hanover with its leveraged finance unit. In 1991, Manufacturers Hanover was bought by Chemical Bank. This led to the merger of MH Equity with Chemical Venture Partners.

1996 saw Chemical Bank enter into a merger with Chase Manhattan Corporation. This saw Chemical Venture Partners change its name to Chase Capital Partners. In 2005, Stephen Murray received his appointment to serve as the head of buyout business at the prestigious JP Morgan Partners. Read more: 5 Questions with Stephen Murray, CEO of CCMP Capital

Murray was later involved in the formation of CCMP as a co-founder in 2006. CCMP was a spinout of JP Morgan Chase. The new firm comprised of the buyout and growth equity team from JP Morgan Chase. In the following year in 2007, CCMP named Stephen Murray as the Chief Executive Officer.

With Stephen Murray, leadership came naturally. This is the reason he was appointed by various companies to serve in their boards. Among the many companies he served include The Vitamin Shoppe, Aramark, AMC Entertainment, Octagon Credit Investors, Strongwood Insurance Holdings among others.

Following in the footsteps of other successful businessmen and investors, Stephen Murray was actively involved in philanthropic acts that aimed to bring positive change to society. Among the beneficiaries of his generosity are the Food Bank located in Lower Fairfield County, Make-A-Wish Foundation based in New York, Stamford Museum, Columbia Business School and Boston College. Learn more about Stephen Murray CCMP: http://ryvoice.org/stephen-murray-and-ccmp-capital/

His hard work has not been forgotten by the team at CCMP Capital. Greg Brenneman, Murray’s successor as CEO of CCMP Capital, eulogizes Stephen Murray as a terrific investor who was exceptionally good at making deals. He goes on to express his gratitude for the positive contributions made by Murray to the firm in the time he led the company.

Stephen Murray was a devoted husband and father. He resided in Stamford, Connecticut, with his wife Tami A. Murray. The couple was blessed with four sons. Learn more about Stephen Murray CCMP: http://heroesofthepacific.com/2016/02/a-history-of-ccmp-capital-and-its-founding-ceo-stephen-murray/