How Stephen Murray helped in Making CCMP Capital Successful

Steve Murray was a professional who served the private equity investment sector before his death on 12th March 2015. He was the co-founder of CCMP Capital and also served as its President and Chief Executive Officer.

Mr. Murray is acknowledged at CCMP Capital for being an industrious person who made noteworthy contributions to the company that helped it ensuring its success and that of its frontrunners.

He is renowned for being a generous contributor to organizations that are important to the community such as the Stamford Museum, Food Bank of Lower Fairfield County, Metro New York’s Make-A-Wish Foundation, Boston College and his former college, Columbia Business School, where he got his MBA.

The philanthropy of Mt. Steve Murray was recognized by institutions such as the Boston Collage, which made him its Chairperson of Trustees Board and Make-A-Wish Foundation where he became a Council Member.

During the peak times of his career, Stephen worked for the Manufacturer Hanover Corporation from 1984, and at the firm, he was made to be part of its credit forecast training project. He was later employed by the MH Equity Corporation after the leverage finance department of the company he formerly worked for became fused with the MH Equity. Read more: 5 Questions with Stephen Murray, CEO of CCMP Capital

In 1991, the Manufacturer Hanover was acquired by the Chemical, Bank and the MH Equity became integrated into Chemical Ventures Partners. Mr. Murray then got an administrative position where he headed buyout enterprises at JP Morgan as form, 2005. He played a very significant role in changing the enterprise into an excellently established private equity.  Learn more about Steve Murray:

According to Fortune, CCMP Capital was founded from JP Morgan in August 2006 as a small spinoff. It was co-founded by Stephen Murray and in 2007, he was made to be its CEO. During the first days, the firm consisted of an advanced equity and takeover group that was under the leadership of Murray throughout its growth from a startup to 12 billion dollars.

The company is currently dedicated to offering private equity investment, and its main proficiencies are leveraged takeovers and capital development connections.

CCMP Capital has hired more than fifty experts in private equity, who are distributed across New York, Hong Kong, Tokyo, and London. The primary customers that seek the services of CCMP Capital are high net worth individuals, institutional investors, and corporations that need to be assisted in determining the best business and investing.

Steve Murray was also a senior member in other companies. He sat on various boards, which include the Aramark, Generac Power Systems, Legacy Hospital Partners, Warner Chilcott, and Pinnacle Foods.

Seattle Genetics: Experience, Achievements, Successful Oncology

Seattle Genetics is a biotechnology company which focuses on the development and commercialization of innovative therapies, for cancer treatment, based on empowered monoclonal antibodies. It is the industry leader in ADCs, or antibody-drug conjugates, a technology created to focus cell-killing agents directly to cancer cells, by improving monoclonal antibodies’ targeting abilities.

The company was co-founded, in 1998, by its current Chairman, President & CEO, Clay Siegall, a Ph.D with broad pharmaceutical industry experience; and done so with a passion for helping patients, a foundation of innovative science, rigorous research and drug development practices. The focus is to, through antibody-drug conjugates, enhance antitumor activity while sparing non-targeted cells, to reduce as many of the toxic effects of traditional chemotherapy as possible.

Under the stewardship of Dr. Siegall, Seattle Genetics has formed part of multiple strategic licenses for its antibody-drug conjugates technology that have procured more than $300 million so far. He has also led the company’s capital-raising activities, which have led to more than $675 million, through public and private financing.

Clay Siegall is a graduate of the University of Maryland where he earned a Bachelor’s Degree in Zoology; and The George Washington University where he earned a Doctorate in Genetics. Since then he has worked for the Bristol-Myers Squibb Pharmaceutical Research Institute and the National Cancer Institute, National Institutes of Health.

Since the foundation of Seattle Genetics, he has been the director and board member of Alder Biopharmaceuticals Inc., a biopharmaceutical company which discovers, develops and commercializes therapeutic antibodies; Mirna Therapeutics, Inc., a company which develops microRNA-based oncology therapeutics; and Ultragenyx Pharmaceutical, a company which, with a focus on serious and debilitating genetic diseases, develops products to treat rare and ultra-rare illnesses.

Seattle Genetics’ successful oncology advances have lead to the development of Brentuximab vedotin, or ADCETRIS, as per its trade name. It is the company’s flagship product and an ADC which targets the CD30 protein; this protein is expressed in classical Hodgkin lymphoma, a type of lymphoma, in which cancer develops from a white blood cells called lymphocytes; as well as in systemic anaplastic large cell lymphoma, a type of non-Hodgkin lymphoma which involves abnormal T-cells.

Kenneth Goodgame’s path in becoming a Sales and Retail Merchandising Guru

Kenneth Goodgame is a highly influential operations and management leader. He is known for leading innovative marketing solutions and merchandising strategies. His business strategy paints him as a smart player who has taken oversight in streamlining financial activities in all institutions he has worked for.

Goodgame’s primary focus has been to integrate the analysis of key performance indicators, quality assurance systems, employee engagements, and corporate alignment strategies in institutions. He is known to emphasis the positive relationship between organizational growth and good leadership skills.

His definition of leadership merges the ability to incorporate cost analysis, productivity enhancements, well designed negotiations, and quality improvements in streamlining business operations. Goodgame’s experience enable him to avoid costly mistakes which other people do. His approach has been tested throughout his career by the various job titles he has held in different companies.

From the year 2013 to 2015, he worked for True Hardware Corporation, Chicago as the Vice president and chief executive officer. He managed its full P&L valued at over $2.2 billion in global purchases and $320 million in active inventory.

In 2010 to 2013, he was the general merchandising manager at Ace Hardware Corporation, Oak Brook. He managed its full P&L for over $3.2 billion in global purchasing and $860 million in active inventory. At AHC, he covered 78,000 SKUs as head of department and was responsible for driving 80% of its corporate strategy.

From 2008- 2010, he was the president of Techtronic Industries, North America. On a corporate level, he created a turnaround effort of $75 million in subsidiary motor sports. This marked the first time the company recorded a profit from the time it was purchased. There was also an immediate growth of $9 million in sales and 8% reduction in cost of goods.

Kenneth Goodgame was the Senior Vice president marketing sales and channel, at Newell Rubbermaid from 2002 to 2007. During this time, Rubbermaid’s value grew to $490 million in only 18 months. These results were achieved because Goodgame launched numerous product lines that pushed the company’s sales by $70 million in the first year.

In the year 2000 to 2004, he was the president and General Manager of Bernzomatic. He turned the failing consumer cleaning business into a profitable company after it had recorded a 7 YOY loss.

In 1994 to 2002 Goodgame was the Senior Product Merchant for The Home Depot Atlanta, GA. He led the company in procuring the nationwide $16 billion product category for consumer and commercial users.

Goodgame became the Director of Proprietary Brands from 1990 to 2001. He negotiated with John Deere and struck a successful deal to manufacture and sell consumer mowers and tractors. He also conducted a successful product launch for RIDGD brand. In the year 1995 to 1999, Kenneth Goodgame worked as the Product Merchant at Hardline D28.

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Knicks Pursuit of Title Includes Signing of Hometown Noah

For New York Knicks fans, the last two seasons have been tough to endure. In the 2014-15 campaign, the team suffered a franchise-record 65 losses. The next season produced similar futility; only six teams won fewer games than the 32 victories achieved by NY.

But from these ashes sprang a sliver of hope. With the fourth pick in the 2015 draft, the Knicks hit the jackpot with Latvian power forward Kristaps Porzingis. The 7’3” tall Porzingis has given team president Phil Jackson something to build around—and Jackson has been busy.

The 2014 NBA Defensive Player of the Year said that he dreamed of playing for the Knicks since he was five years old. The son of former French tennis great Yannick Noah and former Miss Sweden Cecilia Rodhe, Noah was born in New York and attended Poly Prep high school in Brooklyn, where his mother and sister still live.

If he had it his way, Noah would retire a Knick. Whether he gets his wish will depend on how well the four new players jell with current Knicks Porzingis and 9-time All Star Carmelo Anthony.

Whether New York is good enough to win a title remains uncertain. But make no mistake—in one offseason, the Knicks have gone from a 50-loss disaster to a legitimate contender to win the Eastern Conference.

Wolfgang Puck Is Set To Open CUT in NYC This Summer

Although Wolfgang Puck has set up restaurants all around the world, he has yet to open one sit-down restaurant in all of NYC. Puck only has one quick service venue in JFK airport at the moment. This is all set to change in the summer when Puck opens his famous steakhouse chain CUT in the Four Season Hotel in downtown NYC. When asked why it took Puck so long to open a sit-down restaurant in NYC, he told reporters that a good opportunity never presented itself. Now he is confident that CUT will be successful in NYC.

CUT has a very large menu with over 10 steak options as well as a wide variety of sauces and sides. Currently Cut is also located in London, LA, Singapore, Beverly Hills, and Bahrain. All of these locations have received impeccable reviews. In addition to their world-class steaks, CUT also offers Lamb Chops and Lobsters. CUT also has an award-winning wine list and many delectable desserts to choose from. Amongst this restaurant chain’s many awards, CUT has received a three star rating from the Los Angeles Times and one Michelin star.

Depending on how well CUT does in NYC, Puck may bring his famous fine dining restaurant Spago to NYC. As of today, Spago has locations Beverly Hills, Las Vegas, Maui, Istanbul, and Singapore. Spago was first opened in 1982 in West Hollywood and cemented Puck’s reputation as one of the leading fine dining chefs in the world.

How NYC Lost $60 Million by Mistake

Since 2011, New York City has lost nearly $60 million by giving property tax exemptions to deceased people. According to New York Post, city’s Department of Finance for 10 years didn’t request property owners to certify that they are still qualified and alive.

This department is supposed to check this every two years and now its incompetence is costing New Yorkers tens of millions of dollars. These losses come from a program known as Senior Citizen Homeowners’ Exemption (SCHE). Its aim is to reduces property taxes for those who are over 65 years old, and who no make no more than $37,400 per year.

“I cannot believe for the life of me that over 10 years, the city never wondered what happened when someone died and the tax break continued,” announced Comptroller Scott Stringer.

This negligence on part of the Department of Finance resulted in more than 3,000 homeowners getting these undue exemptions. These are not the only properties which were owned by deceased that were given tax exemptions.

On top of it, some of these properties were improperly qualified for Enhanced School Tax Relief Exemption that exempts $62,200 of the value of a home from school taxes.

In addition, over 70 properties owned by corporations were given tax breaks for which they weren’t qualified. Some other property owners were qualified for tax exemptions, but were given excessive breaks.

Mayor de Blasio claimed that this problem goes prior to his administration and pledged to fix it. This probably means reclaiming the money.

The Payout of Airbnb in New York

Airbnb’s Median Income for Its New York Hosts

Airbnb is a privately-owned and successful company that lets its user look online to find and rent vacation homes for a certain time.

People living in New York City who are putting their homes up on Airbnb are actually not making tons and tons of money, but they’re making more than enough money on the side in addition to any of their regular incomes. This is actually reflected in a study that tracked the earnings of Airbnb users from June of 2015 to June 2016.

The data suggests that hosts in New York earned an average of $5,474 through Airbnb’s usage that year. However, the median income changes depending on the neighborhoods that are surveyed. For instance, citizens living in Midtown Manhattan earned $8,286 on average from Airbnb while people from Queens earned close to $4,100. New York City has well over 41,000 active listings on the site as of this June.

The findings come just a short time after a report suggested that the rate of rentals tend to be highest in neighborhoods that use Airbnb the most often, and commissioned by people advocating for affordable housing. Airbnb would also happen to be responsible for the gentrification of neighborhoods where the residents are predominantly minorities.

Airbnb has offered their input on the market, saying that even though they regularly monitor hosts with multiple home listings, they pay attention to hosts that offer space that could be used for long term rentals.

NYC Mayor Clashes with Governor

New York City mayor de Blasio continues to clash with Gov. Cuomo over day care reform. The mayor thinks that the reform sponsored by the governor would create too much bureaucracy without helping kids, as Daily News report.

The bill didn’t pass in Albany last month after intense lobbying by de Blasio. The mayor went as far as to say that Cuomo is “working against the interests of New York City.”

Governor Cuomo proposed this reform after Daily News uncovered a series of abuse and neglect at city’s day care centers. This was blamed on insufficient oversight of unlicensed sites.

“In this case, the Daily News exposed that children were being abused, and the mayor’s administration was either oblivious or incompetent, so the state will now act to protect our children. If the mayor is competent, then he can handle a matter, but when he is incompetent we will not allow New York City residents to be hurt,” claimed spokeswoman Dani Lever.

The reforms seek to improve child safety and provide more inspections of day care businesses. The legislation would result in “comprehensive registry of all state-regulated and city-regulated child care programs in the five boroughs,” claims Daily News.

Former Homeless Teen Graduates From College and Creates Scholarship for Others Like Him

Jamaican immigrant Orayne Williams was dealt a bad hand. As a child, he was abandoned by his parents and left to fend for himself on the streets of Brooklyn. The odds of the homeless teen achieving much in life were slim. But what are odds to a man who believed that he could escape hell through education.

Williams ferociously attacked his course work, waking up at 5:30 a.m. and staying after school to study. His hard work paid off; he became his high school’s valedictorian and earned a college scholarship.

Williams’ passions for education continued at John Jay College, where he graduated with a bachelor’s degree in English and attained a 3.7 grade point average.

After graduating, Williams took a job at the Women in Need shelter in East Harlem, which helps families find homes of their own. In addition to his self-less work at the shelter, he runs a nonprofit called Progressive People’s Movement.

Williams’ organization aims to provide supplies and scholarships for New York’s homeless students. Former City Council Speaker Christine Quinn estimates that there are 12,000 children aged 5 years old and under living in shelters.

Williams’ focus is to let these kids know that his organization is here for them. When looking back on his own experience, he recognizes that his life might look entirely different without the help of others.

The Progressive People’s Movement will be holding a fundraiser on July 22nd at Lucky Jacks’s Bar in Manhattan.

A Must Read: The First Time in New York

Huffington Post recently ran a pretty cool series on the city of New York and all it has given to people who came. If you’re a New Yorker, if you’ve ever been to New York, or if you just love New York like any good person would, check this series out.

I remember my first time in New York. I had gone in February 2014 when my home team’s Denver Broncos were set to play in their first of two Super Bowls with Peyton Manning. The city was nuts. I cried when I first saw the city from my airplane. My family is from the Bronx, and I grew up on tales of good food, good adventure, and a good life that didn’t really seem to exist for me in that form here in Colorado.

However, getting to the airport was a trek, and I was so confused at how an airport could be as confusing and difficult to navigate as La Guardia was. I had the best Spanish rice I had ever had, except for my abuelita’s of course. I saw a Broadway show, and took the subway. I ate a hot dog from a vendor, and argued with a bike rider in Central Park. I stayed in a hotel that was too expensive and too small, and went out to Times Square at midnight.

I did everything that a person should do to experience normal life in New York City. Reading this series brought back so many wonderful memories. Check it out.