IdeaMensch recently conducted an interview with Louis Chenevert, the former Chief Executive Officer of United Technologies Corporation (UTC). This interview focused on Louis Chenevert’s career prior to and during his time with United Technologies. The questions touched on subjects such as Louis Chenevert’s philosophy of leadership principles, what changes at UTC during Louis Chenevert’s tenure drove their continuing successes and how some facets of his leadership would be different if he was starting anew.
While at UTC, Louis Chenevert instituted new strategies for production efforts. Instead of outsourcing most of the company’s work to overseas factories, UTC and Louis Chenevert moved production into the United States, believing that cheap labor overseas would result in cheaply made products. Subsequent production was concentrated in Connecticut where the top talent could work with the plant workforce to eliminate problems and produce their best results efficiently. Common wisdom at the time was opposed to this type of approach, but UTC was able to survive during the recession and ultimately see its share prices increase from $37 a share to $117 a share under Louis Chenevert’s leadership.
One of the most profound impacts that Louis Chenevert had on UTC while CEO was in engineering the acquisition of the Goodrich Corporation, an aerospace manufacturing company that had been the largest rubber manufacturer in the world prior to becoming an aerospace company. The purpose of acquiring Goodrich was to have an internal producer of aircraft components, which would reduce production costs. The acquisition process took a year to negotiate and plan, and in 2011, UTC bought Goodrich Corporation for $18.4 billion and merged it with another division to ultimately become UTC aerospace systems. This placed UTC in a position to become a multinational conglomerate with a greater influence in the world market.
The last question IdeaMensch asked Louis Chenevert was what was one important strategy that helped him increase the business footprint of UTC. Louis Chenevert answered that a relentless focus, eliminating roadblocks, keeping an open mind and keeping personal contact with the workforce was always his goal. Louis Chenevert also said that surrounding oneself with winners was important, as a leader can only be as good as his or her team. Currently, Louis Chenevert is semi-retired and serves as a Exclusive Advisor with Goldman Sachs, and his proven expertise continues to be valuable.
There are only two things in life that are guaranteed: death and taxes. Jeunesse can’t do much about taxes, but they can do a great deal about what’s taxing your body, and there are many variables in this day and age that contribute to accelerated aging. What sets Jeunesse apart from other companies of their ilk is their emphasis on the body’s capability to heal itself with enough time, the right treatment and proper supplementation. Fortunately, there’s no need to resort to harmful and expensive drugs to get there, but a dose of patience and faith are essential to seeing the Youth Enhancement System through to its roots.
Jeunesse was originally fired up back in September 9, 2009 around the symbolic representation of the number 9. Depending on the culture, this number is often associated with a long and healthy life, which is precisely what founders Wendy and Randy were aiming for when this company was formed. Since then, it’s joined the ranks of the quickest growing sellers in their field, and their incredible following speaks volumes of their success. With the bleeding edge of R&D on their side and a host of proprietary health formulas that are proven to work, it’s difficult to find anything wrong with this company.
The Youth Enhancement System
Jeunesse’s brainchild boils down into nine lines of wellness products that are designed in a step-by-step strategic approach to common age-related breakdown in specific areas of the body. These areas include the brain, organs, cells and skin, and the benefits are many. Consider the following:
- Enough energy to pump through the day without a sweat
- Restorative sleep to separate the long days of work
- Focused willpower to keep you sharp on the task at hand
- Fitness solutions that promote physical efficacy
- Smooth, glowing skin that’s free of blemishes or signs of toxin backup
The reason the Youth Enhancement System works so well is because Jeunesse emphasizes that aging is accelerated by failing to provide the body with the resources that it needs to maintain itself. With their bevy of natural solutions for people of all ages, you can realize the depth of your potential and protect your well-being.
It’s not very often that a financial analyst issues a negative outlook on a stock. So it is a big deal when one of the best short-selling analysists on Wall Street goes sour on one of the fastest rising stock of the past year. That analyst, Sahm Adrangi recently issued a negative outlook on Kodak.
So why is Sahm Adrangi so negative on Kodak? After all, the stock has risen over 180% in the past few months. Well, it is that very price action, caused by Kodak’s announcement of a partnership with a blockchain imagine licensing platform, that has the analyst flashing a warning sign.
It is not surprising that any stock has risen so quickly after announcing a partnership with a blockchain company. There are many traditional companies that have seen their stock rise after announcing a partnership with anything related to blockchains or cryptocurrencies. What may be concerning Sham Adrangi is that the acceleration of Kodak’s rise may not be justified off of a simple announcement of a blockchain partnership.
Blockchain technology is mostly associated with cryptocurrency. However, this new technology can also be used for other applications such as licensing, smart contracts and proof of work. While the blockchain technology is innovative, it’s influence on a company’s stock price may be overestimated by the investing world.
In his note, Sahm Adrangi believes that Kodak’s announcement may simply be a gimmick to jump on the ICO bandwagon. Additionally, Mr. Adrangi believes that Kodak’s blockchain announcement may also be a smokescreen cover for the company’s recent poor performance and poor fundamentals. The full report on Sahm Adrangi’s negative outlook on Kodak can be view through this link.
Sahm Adrangi is the founder as well as the Chief Investment Officer for Kerrisdale Capital. As the inception of the firm, Mr. Adrangi managed just under $1 million in assets. Today, the firm now has over $150 under management. Mr. Adrangi and his firm as best known for short selling analysis. As of this writing, Kerrisdale Capital has a short position on Kodak.