Søren Kristian Toubro (27 February 1906 – 4 March 1982) was a Danish engineer who co-founded Larsen & Toubro, an India-based conglomerate.
Early days in India
Seeing opportunity in ship repair during wartime, Larsen and Toubro formed a new company called Hilda Ltd. Around this time, L&T also started two repair and fabrication shops. The internment of German engineers who were supposed to build a soda ash plant for the Tatas provided L&T another new opportunity.
In 1944, Larsen and Toubro established Engineering Construction & Contracts (ECC). L&T started collaborating with international companies around this time. In 1945, L&T signed an agreement with the Caterpillar Tractor Company of USA for marketing earthmoving equipment. L&T also started representing British manufacturers of equipment used to manufacture a variety of products including biscuits, glass, hydrogenated oils and soaps.
At the end of World War II, the war-surplus Caterpillar equipment was available in bulk at low prices. However, L&T lacked the money to purchase them. Therefore, Larsen and Toubro decided to raise additional equity capital, and as a result, Larsen & Toubro Private Limited was established on 7 February 1946. After India gained independence in 1947, L&T set up offices in Calcutta, Madras and New Delhi. In 1948, L&T acquired 55 acres (22 ha) of undeveloped land in the Powai suburb of Mumbai.
Larsen and Toubro gradually transformed L&T into a large business house with diverse interests. A 2006 article in The Hindu described Toubro as follows:
A workaholic, he expected the same of others. A hard taskmaster with a schoolmasterly attitude to training he may have been, but the young he mentored still remember the lessons he taught: that no effort was too great to ensure customer satisfaction, that there must be attention to detail in the quest for perfection, and that there must be pride in whatever was being done.
Soren K Toubro served as the director of L&T from 1946 to 1981, and retired from active management in 1962–63. He continued to serve on the L&T and ECC board of directors till 1981.
He is the Chairman and majority shareholder of H&M, a fashion company founded by his father Erling Persson. He also has significant holdings in Hexagon, a technology company based in his native Sweden.
He owns Delton AG, an umbrella corporation that manages all his holdings. Among them is a 17 percent stake in BMW. He also used to be connected with Gemphus International, a digital security company. He also served on the boards of Dresdner Bank AG and Gerling Konzern Allgemeine Versicherungs AG.
Stephen Allen Schwarzman (born February 14, 1947) is an American business magnate and financier. He is the chairman and CEO of the Blackstone Group, a global private equity and financial advisory firm he established in 1985 with former US Secretary of Commerce Pete Peterson. His personal fortune is estimated at $12.9 billion, according to Forbes. As of 2015, Forbes ranked Schwarzman at 100th on its World’s Billionaires List.
Early life and education:
Schwarzman was raised in a Jewish family in Huntingdon Valley, Pennsylvania, the son of Arline and Joseph Schwarzman. His father owned Schwarzman’s, a former dry-goods store in Philadelphia.
Schwarzman attended the Abington School District in suburban Philadelphia and graduated from Abington Senior High School in 1965. He attended Yale University during the same period as George W. Bush, one year behind him (both were in the Skull and Bones society) and graduated in 1969. He then went on to Harvard Business School and graduated in 1972.
Schwarzman’s first job in financial services was with Donaldson, Lufkin & Jenrette, a now defunct investment bank. After business school, Schwarzman started working at the investment bank Lehman Brothers, where he reached the rank of managing director at age 31. He eventually became the head of Lehman Brothers’ global mergers and acquisitions team. In 1985, Schwarzman and his boss Peter Peterson started Blackstone, which originally focused on mergers and acquisitions.
When Blackstone went public in June 2007, it revealed in a securities filing that Schwarzman had earned about $398.3 million in fiscal 2006. He ultimately received $684 million selling part of his Blackstone stake in the IPO, keeping a stake then worth $9.1 billion.
In 2007, Schwarzman was listed among Time Magazine’s 100 Most Influential People in The World.
Schwarzman has served as an adjunct professor at the Yale School of Management and was chairman of the board of Trustees of the John F. Kennedy Center for the Performing Arts from 2004 to 2010.
In June 2007, Schwarzman described his view on financial markets with the statement: “I want war, not a series of skirmishes… I always think about what will kill off the other bidder.”
In August 2010, Schwarzman compared the Obama administration’s plan to raise carried interest taxes to Hitler’s invasion of Poland in 1939, a comment for which Schwarzman later apologized.
Among Blackstone’s largest investments were SeaWorld Parks, in 2009. SeaWorld Parks were the focus of the 2013 film Blackfish, a documentary on Killer Whale attacks at these parks and the ethics of keeping them captive. When asked about the film, Schwarzman said on record that SeaWorld trainer Dawn Brancheau should be blamed for her own death, claiming that the veteran animal trainer broke multiple safety rules before she was pulled into a tank and killed by a six-ton orca in February 2010. Blackstone said in a written statement that Schwarzman “misspoke” in response to the question about Blackfish. The firm said its chief executive had not anticipated a question about the film and had not been briefed on the subject. The firm said Schwarzman does not plan to go back on CNBC to correct the record on air. SeaWorld, for its part, said unequivocally that Brancheau bore no blame. “Dawn was one of the world’s most skilled and experienced marine mammal trainers. Her dedication to safety was among the many reasons she was so respected by her colleagues at SeaWorld and within the worldwide animal training community,” the company said in a written statement. “We have never said and do not believe that she was at fault for the events of February 24, 2010.”
In 2014, Schwarzman was named as one of Bloomberg’s 50 Most Influential people of the year.
In 2004, Schwarzman donated a new football stadium to Abington Senior High School—the Stephen A. Schwarzman Stadium.
On March 11, 2008 Schwarzman announced that he contributed $100 million toward the expansion of the New York Public Library, for which he serves as a trustee. The central reference building on 42nd Street and Fifth Avenue was renamed The Stephen A. Schwarzman Building.
On May 11, 2015 Peter Salovey, the President of Yale University, announced that Schwarzman contributed $150 million to fund a campus center in the university’s historic “Commons” dining facility.
He is the CEO of Microsoft. He is responsible for the development of the groundbreaking .NET framework platform of the company. This software platform can run on computers, servers, the Internet and even in non-PC devices.
Stephen B. “Steve” Burke (born August 14, 1958) is an American businessman. He serves as the executive vice president of Comcast, and as president and chief executive officer (CEO) of NBCUniversal.
Steve Burke is an Irish Catholic. His father, Daniel B. Burke was a former president of Capital Cities Communications, former owner of the ABC network. He graduated from Colgate University, where he was a member of Phi Beta Kappa, and earned an MBA from the Harvard Business School.
Burke joined The Walt Disney Company in January 1986, where he helped to develop and found The Disney Stores. In 1992, he moved to Euro Disney S.A., where, as President and CEO, he helped to lead a comprehensive restructuring effort. He later served as President of ABC Broadcasting.
In 1998, he joined Comcast as President of Comcast Cable. Since then, Comcast has become the largest cable company, largest residential internet service provider, third largest phone company in America and launched a wireless business. He led Comcast to leadership in multi-platform video entertainment distribution, including the Company’s industry changing video on demand platform and online video offerings. He has been praised for leading the highly successful integration of AT&T Broadband with Comcast.
He currently serves as the Chief Executive Officer of NBCUniversal. He oversees the company’s valuable portfolio of news, sports, and entertainment networks, a premier motion picture company, significant television production operations, a leading television stations group, and theme parks. Burke assumed this role in January 2011, upon the closing of Comcast and General Electric’s joint venture merging the assets of NBCUniversal with Comcast’s programming assets. He previously served as Chief Operating Officer of Comcast Corporation, where he was a driving force in its growth from a cable industry leader to one of the nation’s leading providers of entertainment, information and communication products and services.
He serves on the Boards of Directors of Berkshire Hathaway and JPMorgan Chase. He also serves on the Board of Trustees of the Children’s Hospital of Philadelphia.
Stephen James Easterbrook (born August 1967) is a British corporate executive.On 1 March 2015, after being chief brand officer of McDonald’s and its former head in the UK and northern Europe, he became the CEO of the company, succeeding Don Thompson, who stepped down on 28 January 2015.
Stephen James Easterbrook was born in August 1967. He grew up in Watfordand was educated there at Watford Grammar School for Boys.He studied natural sciences at St Chad’s College, Durham University, where he played cricket with fellow student, Nasser Hussain, the former England cricket captain.
After university, he trained as an accountant with Price Waterhouse.Easterbrook first worked for McDonald’s in 1993 as a manager in London. In 2011 he left to become CEO of PizzaExpress and then CEO of Wagamama, two British casual dining chains, before returning to McDonald’s in 2013.
He is married with three children, who visit McDonald’s 113 times a month.He lives in Illinois and is a Watford FC football fan.
He was the founder and chief designer of Apple, Inc. He is responsible for the popularity of the current wave of modern products that we enjoy today, like the iPad, iPhone and iPod.
Steven A. Kandarian is the president, chairman, and chief executive officer of MetLife. He became president and CEO on May 1, 2011,and chairman in January 2012 succeeding Robert Henrikson, who retired from those roles.
Life and career:
Kandarian grew up in West Hartford, Connecticut, the son of Lillian and Albert Kandarian. He graduated from William H. Hall High School and held several roles in private equity, including as founder and managing partner of Orion Partners, LP and executive director of the Pension Benefit Guaranty Corporation. He is a board member of the Damon Runyon Cancer Research Foundation and a member of the Financial Services Forum and the Economic Club of New York. He received a B.A. from Clark University, a J.D. from Georgetown University Law Center, and a M.B.A. from Harvard Business School.
Prior to becoming CEO, Kandarian was MetLife’s chief investment officer since April 2005. As CIO, Kandarian oversaw a number of initiatives that strengthened MetLife’s investment portfolio, enhanced the company’s focus on effective risk management and contributed to the bottom line. He is credited with preparing MetLife’s portfolio prior to the 2007 recession, partly by anticipating the housing bubble and selling Stuyvesant Town—Peter Cooper Village in Manhattan in 2006.
In his first three months as CEO, Kandarian expanded the company’s senior leadership team with the hiring of Frans Hijkoop to head human resources and Martin Lippert to oversee global technology. He also announced MetLife’s 25-year agreement to acquire the naming rights to the home of the New York Giants and New York Jets, which is now known as MetLife Stadium.
In addition, Kandarian has also moved the company away from retail banking. On July 21, 2011, MetLife said the company would seek to sell its deposit banking business. In announcing the move, Kandarian said it “was not appropriate for the overwhelming majority of our business to be governed by regulations written for banking institutions.” Three months later, MetLife said it would look to sell its residential mortgage lending business as well, saying the marketplace and regulatory environment for the business was uncertain and that the company needed to focus its resources on its global insurance and employee benefits businesses.
Pension Benefit Guaranty Corporation:
Kandarian is a former executive director of the Pension Benefit Guaranty Corporation.an agency of the United States Government. Kandarian was appointed to head the PBGC on Dec. 2, 2001, by Secretary of Labor Elaine L. Chao, announcing his departure in January 7, 2004 to return to his family in Boston. He left on February 13, 2004.
In May 2016, Kandarian became the target of protests by animal rights activists angered at MetLife’s partnership with the New York Blood Center (NYBC), which abandoned 66 lab chimpanzees with no food and water on islands in Liberia. The chimpanzees, who were used by NYBC in invasive medical experiments for over the course of three decades, have earned the organization an estimated $500 million dollars in royalties. The protests, which have taken place at Kandarian’s home in Summit, NJ, and at the MetLife building in NYC, were staged after activists’ year-long attempts to meet with Kandarian and MetLife were rebuffed. World renowned primatologist Dr. Jane Goodall has dismissed NYBC’s claim that the Liberian government should pay for the care of the chimps: “This seems irrelevant since NYBC was responsible for funding the acquisition of these chimpanzees, some of whom were taken from the wild after shooting their mothers”.
Stuart Thomson Gulliver (born 9 March 1959) is a British banking business executive. He is the current Group Chief Executive of HSBC, a position he has held since 1 January 2011.
Gulliver was born in Derby, England, and holds a degree in Jurisprudence from Worcester College, Oxford. He officially lives in Hong Kong; and has a primary residence in Kensington, London. The Guardian revealed he sheltered £5,000,000 in a Panamanian company with a Swiss HSBC account.
Early life and education:
He was born in the UK in 1959. His father Philip was a legal executive, while his mother Jean was personal assistant to the senior engineer at a local dockyard. Gulliver went to Grammar school in Plymouth, Devon.
Gulliver was an avid boxer while at Oxford, where he studied law and received a Masters degree in Jurisprudence. In a 2011 interview to Financial Times, Gulliver recalls his humble upbringing and his childhood aspiration, and said: “I wanted to be a barrister, but my parents couldn’t afford it”.
Early Career and HSBC (1980-2010):
In 1980, an HSBC executive serving in India urged him to join HSBC’s elite international officer programme, as it was called at that time, which paved the way for his banking career. Gulliver rose through the ranks in the bank’s Global banking and markets division, and held a number of key roles in the group’s operations worldwide; including postings in London, Hong Kong, Tokyo, Kuala Lumpur and the United Arab Emirates.
During the 1990s, Gulliver built HSBC’s investment banking business in Hong Kong and turned HSBC’s Asian markets business into one of the group’s major money-spinners, even in the aftermath of the Asian financial crisis. He served as the head of treasury and capital markets in Asia-Pacific from 1996 to 2002.
He was appointed a Group General Manager in 2000, and later he led the Global Markets division from 2002 to 2003. He moved back to London in early 2003 to co-head the Group’s Global corporate, investment banking and markets division along with John Studzinski. In March 2004, he joined the Group Management Board as a Group Managing Director. Upon the departure of John Studzinski in 2006, he was appointed Chief Executive of Global Banking and Markets and HSBC Global Asset Management in May 2006.
He was a director of HSBC North America holdings Inc. until 7 May 2009; of HSBC Bank Middle East ltd from 15 February 2010 to 1 May 2011; of HSBC Latin America Holdings (UK) Limited until 4 December 2009.
He is Deputy Chairman of the Supervisory Committee of HSBC Trinkaus & Burkhardt AG (since September 2007; member since May 2006); non-Executive Chairman and a Director of HSBC France since January 2009; and Chairman of HSBC Private Banking Holdings (Suisse) SA since February 2010 (Director since September 2007).
He was made a director of The Hongkong and Shanghai Banking Corporation Limited in September 2006 and has been an Executive Director of HSBC Holdings plc since May 2008.
Group CEO of HSBC (2010-present):
On 7 September 2010, Stephen Green,the then Group Chairman of HSBC, announced that he would step down, in order to accept the invitation of the UK Prime Minister to become Minister of State for Trade and Investment in January 2011. As a result of Stephen Green’s decision to step down earlier than planned, Michael Geoghegan, the then Group CEO of HSBC, announced his retirement and Stuart Gulliver, who led HSBC’s investment-banking division since 2006, was appointed as the new Group CEO of HSBC Holdings plc, effective 1 January 2011.
He was also appointed the Chairman of The Hongkong and Shanghai Banking Corporation Limited, a wholly owned subsidiary of HSBC Holdings plc.
In 2011, he was included in the 50 Most Influential ranking of Bloomberg Markets.
In 2014, he received a total of £7.6 million in pay and bonuses.