Glenn Laken

The Legacy and Career of Louis Chenevert at the United Technologies Corporation

United Technologies Corporation (UTC) is a successful firm with a prime focus on the future, a strategy, which has helped them earn a high profile in international business. This is primarily attributable to their former chief executive officer, Louis Chenevert. Currently, Gregory Hayes serves as the chairperson and chief executive officer of the firm and observes that continuous and consistent investments, holding the future into consideration have helped the enterprise stay ahead and alive.

Notably, Louis Chenevert served at General Motors for more than a decade. While there, Chenevert served as the production general manager. Subsequently in 1993, Pratt & Whitney, which is an aircraft engine manufacturer employed him. Due to his excellence and able leadership, the unit performance of the entity rose greatly which propagated his appointment as the president of the entity in only six years. He later joined the United Technologies Corporation in 2006 as the chair and CEO. UTC is a firm, which is involved in research followed by manufacture of top-notch technology products. The company participates in various technology-oriented operations such as assembling unprecedented jet engines required for both military and commercial use. He stepped down as CEO in 2014, and began working as an exclusive advisor for Goldman Sachs in 2015.

Moreover, UTC plays a prime role the air-conditioning and refrigeration industry as well as the production of flight controls, sensors among other tools, which are used in the aerospace system. For that reason, United Technologies Corporation required the expertise and leadership of a fruitful and experienced business leader such as Louis Chenevert. He has substantially helped the corporation set the industrial standards through its extraordinary performance. On his appointment, Chenevert facilitated the elevation of UTC to the next business level. It was through his stringent focus and dazzling imagination, as he later revealed, that helped him make such impeccable strides.

Louis Chenevert, while serving as UTC’s CEO, successfully managed to substantially increase appreciation in the shareholder value by approximately 200 percent. Chenevert explained that by serving the commercial and military needs satisfactorily, UTC is able to engage and serve continual business which helps it shelter itself from the usual business cycle swings of the market. Further, Chenevert was able to help in the acquisition of Goodrich successfully. The acquisition went down world history as among the biggest aerospace deals in the American history.

Betsy DeVos:A Caring Philanthropist That’s Making A Difference

Newly appointed Secretary of Education Betsy DeVos was born in Holland, Michigan on January 8, 1958. She’s the daughter of billionaire industrialist Edgar Prince and his wife Elsa. DeVos attended Holland Christian High School and has a bachelor’s degree in business economics from Grand Rapids, Michigan-based Calvin College. She is married to Dick DeVos, the son of Amway co-founder Richard Marvin DeVos Sr., and has four children. In 1989, they founded the philanthropic organization called the Dick and Betsy DeVoe Family Foundation. The foundation has donated over $139 million to charity.Most of the charitable donations the DeVos has made has gone to education, arts and culture, health and human services, community improvement, leadership and development, public policy, political causes and churches. DeVos has given her alma mater significant donations. Most of the donations have used to provide direct help to people. Over 26% of Betsy DeVos’ charitable donations have gone to education. She began by paying tuition for students that couldn’t afford it. She has now made a larger commitment to giving students the opportunity to attend safe, high-quality educational institutions so they can have access to the American dream regardless of the socioeconomic background.

DeVos says giving to education causes is her priority because students need to be in an educational environment where they can learn, grow and thrive. This has led her to make significant donations to education reform. Charitable giving has long been a part of Betsy DeVos’ life. Her parents were well-known for their donations to charity. The DeVos family foundation gave over $11 million to charity in 2015 alone. Forbes magazine’s ‘America’s Top Givers’ list ranks the DeVos family 24th. The family’s lifetime charitable giving is in excess of $1.3 billion.To ensure the arts community has a bright future, the Betsy DeVos family foundation donated $22 million to launch a program at the University of Maryland called the DeVos Institute of Arts Management.

They have also made significant donations to the Washington, D.C. based John F. Kennedy Center for the Performing Arts in an effort to strengthen arts organization’s business side.In an effort to make a difference in healthcare for children, the DeVos family foundation made a large donation to Spectrum Health Foundation. This helped the organization recruit top physicians and researchers to battle childhood cancers. Many children being treated for brain cancer at the Helen DeVos’ Children’s Hospital now get better treatment outcomes as a result. Charitable donations like these are a reflection of Betsy DeVos’ caring nature.As a mother, seeing children suffering or not living fulfilling lives because of substandard health care or education touches Betsy DeVos’ heart and compels her to do whatever she can to improve their situation.

Capital Group Finds A Perfect Replacement For Their Top Leadership Position

The Capital Group elected Mr. Timothy Armour as its chairperson in what symbolized a neatly strategized leadership succession plan. The election came as the company was considering a level replacement in their top rank position, following the untimely demise of Mr. Jim Rothenberg; the immediate former chairman of the group.

Mr. Armour, an experienced market funds investor, has served in several positions in the companies. The Middlebury College Economics graduate joined the Capital Group in 1983 as a participant in the Associate Program. Up to his election as the chairperson, he was the head and the principle executive officer of one of the Capital Group subsidiaries, the Capital Research and Management Company, Inc. Tim has also served as the chairman of the Capital Group Companies Management Committee.

An experienced and skilled market fund manager, Mr. Armour never lacks advice to budding investors as well as those businesspersons struggling to make it in the market. His stance has always been ‘find active managers who earn their keep.’ This form of investment involves studying the position of the firm against future uncertainties, and this requires experienced managers who ‘earn their keep.’

Tim’s view on the 2015 market instability is quite analytical. To him, the most crucial driving force of the selloff was the move to devalue China’s currency, which led to a great effect on financial markets. China accounts for almost 15% of the global GDP. It thus plays an important role than ever before in the global economy. Countries with significant trade ties with China, therefore, were to expect a decline in export activities as a result of China’s currency devaluation. Timothy Armour offers a viable suggestion though: the economies should lower both oil and commodity prices as well as interest rates, which could see a boost to the global economy.

Take Advice from Richard Dwayne Blair Before You Engage in Commercial Short-term Rentals

Millions of homeowners today are renting rooms to travelers and short-term tenants using VRBO and Airbnb. The income is good for the homeowners, and it can make expensive areas more affordable. However, the problem is that many of these homeowners have no idea about the financial and legal implications of acting amateur hotelier and the risk onto their users. The following are some of the insurance issues that you should consider before engaging in short-term rentals.


The insurance policy you have for your home is not designed to protect you against the liability associated with paid guests. In many of these cases, the insurance companies consider the commercial activity or short-term rentals you have engaged in as explicitly exclude from the home policy. If the insurance company is not informed or not aware of any commercial activity being carried out in your home, you may not be compensated for a claim.


In response to the high-profile incidents, Airbnb announced $1 million insurance cash as guarantee available to every Airbnb host. However, the guarantee is not an insurance policy and may leave you in problems in case there is a problem. It is because the guarantee is second to insurance and requires the homeowner to explore all the avenues to recover the damage before he/she is eligible for the claim with Airbnb. It also excludes certain kinds of losses, and most online platforms have publicly distanced themselves from taking any responsibility for protecting hosts or guests from trouble.


To protect your assets from these kinds of issues, it is critical that you seek the right policy such as the business liability policy, upgrade the existing policy, or add a rider covering the short-term rentals. Another important way is to require the quests to show the certificate of insurance to prove that they are covered under the rental or homeowner policy. The best way to handle the matter is to consult a qualified insurance professional who has the right knowledge and experience. One of the professionals you should consider is Richard Dwayne Blair.


Richard Dwayne Blair is the financial advisor and the sole owner of the Wealth Solutions Inc. that is based in Bee Cave, Texas. He has over 24 years of experience and passed seven exams. Mr. Blair is a registered professional with SEC as an investment advisor mainly about securities, managing investment portfolios, and other financial planning services. As a Certified Financial Planner (CFP), he has taken exams in insurance, taxes, estate planning, financial planning, and retirement.


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Tourism May be Great Investment says Martin Lustgarten

Martin Lustgarten has a lot of experience as an investment banker. He was born in Venezuela before moving to the United States where he operated several investment banks. Now, he has settled down in Florida operating his own firm.
Martin not only has the experience that investors can rely on but also has a network of contacts that he can call on for help around the world. One bit of advice that Lustgarten gives almost all investors is to diversify their portfolios by investing in the world’s fastest growing economies.
The world’s fastest growing economy is Papua New Guinea that is growing at a rate of about 15 percent annually. Each foreign investor must complete a form asking for permission to invest in the country with New Guinea’s Investment Promotion Authority. According to an article published via Business Advantage PNG, most company executives are optimistic that their company growth will continue through 2016. The biggest businesses in the country are in agriculture with the country having some of the world’s major tuna stocks. The country’s government is taking active steps to promote tourism so it might be the perfect opportunity to get in on the start of a new successful trend.
The world’s second fastest growing economy is Macau which is an autonomous territory on the southern coast of the China laying on the western side of the Pearl River District. The territory’s economy is largely based on tourism with gambling being a major factor. Las Vegas Sands, Wynn Resorts and Melco Crown have all made major investments in Macau.
The third fastest growing economy in the world is the Turks and Caicos Islands in the Bahamas island chain. Tourism is important here with the government building a large cruise ship port and several luxury resorts being constructed.
Investment bankers, like Martin, say that tourism is a great opportunity for many investors. While many investors may choose to invest in a particular country, there are other ways to get involved. One way, says Martin, is to buy stocks in an online travel provider. A second way is to invest in a cruise line or a hotel chain. Yet, another way is to diversify your options by investing in casinos and other entertainment opportunities. Check out his Tumblr page to see more of what Lustgarten is into lately.

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