It is well known by now that George Soros has donated 18 billion dollars to his charitable foundation. This has been reported by the Wall Street Journal and was picked up by all the major media outlets. According to Forbes, there may be a number of reasons why George Soros decided to donate $18 billion to his charitable foundations. One reason may be in order to reduce the estate tax that his heirs would have to pay when they inherited his money. It can also be to avoid paying taxes on that money. The funds will continue to be managed by the Soros fund management office. It will continue to be donated to the causes he cares about. This includes fighting for human rights and civil rights all across the world. George Soros has been donating money to fight for democracy and freedom and open societies all around the world for many years.
George Soros was born in Hungary. When he was 11 years old he started to suffer under the Nazi occupation. He later suffered when the Communists occupied Hungary. He had to flee to London. He studied economics there in the London School of economics. George Soros started donating money to charity many years ago. Because he is such a big funder of charity and because he donates money to charity on such a big scale, some politicians who did not agree with his policies put pressure on him publicly to stop funding the causes that he funds. However, George Soros has not bent to the political pressure, and he continues to donate money to the causes that he thinks are proper, which includes fighting for freedom for everyone in any country all around the world. George Soros is now 87 years old and is not as involved in his hedge fund management business as he once was. However, George Soros is still heavily involved in his charitable foundation and continues to be involved in the decisions of his foundations.
30 years ago, George Soros first appeared on the Forbes list of the 400 most wealthy people in the United States. Ever since, he has been on that list.
We mentioned that the donation to the Open Society Foundations makes them the second largest charitable foundation in the United States. In addition, according to the Guardian Magazine, it makes the Open Society Foundations the third largest charitable foundation in the entire world, after the welcome committee.
George Soros cares so much about democracy because he suffered under fascists himself. George Soros also loves giving grants to students who need money to get an education. His first charitable donations were to South African students who suffered from apartheid. George Soros sympathizes with the needy and oppressed. He fights discrimination against minorities and other marginalized people, including refugees and the LGBT community. George Soros fights abuses of power by police and by governments.
Learn More : www.forbes.com/profile/george-soros/
After 80 years, Mexico is finally allowing a private partnership to drill for oil off its shores. On May 21, 2017 a joint venture involving Premier Oil Plc, Talos Energy LLc and Sierra Oil and Gas began drilling for oil in the state of Tabasco in the Sureste Basin. This site is known as the Zama-1 well.
Premier Oil is a London-based company and they have a 25% stake in the venture, while Talos Energy, a Houston based company has a 35% stake. Mexico’s Sierra Oil and Gas has the largest in the venture with a stake of 40%. In 1938, Mexico nationalized all its oil reserves, oil refinery facilities and took over foreign owned oil companies in the country. The country adopted the pronouncement made by President Lazaro Cardenas in the 1917 Constitution, which stated all oil mineral and reserves found in Mexico belonged to Mexico.
This venture was the first step taken to reject that earlier decision. All three of the companies won the right to prospect the site in 2015. It will cost Premier up to $16 million to drill, but the site is projected to have a “high geological chance of success“. The drilling is currently projected to last for 90 days.
Pemex has been the sole Mexican Oil company since it was created in 1938 to expropriate the foreign oil companies and take over all drilling in Mexico. Pemex operated as the second largest non-publicly traded company in the world, second to Brazil’s national oil company, Petrobras. As of 2010, Pemex was worth one fourth of Mexico’s total net worth.
Talos Energy is one to the companies breaking the Mexican hold on foreign drilling. This private company is a Houston-based oil and gas company that focuses on offshore drilling in the Gulf Coast and the Gulf of Mexico. As per their third quarter financial report, Talos Energy produced 28.7 thousand barrels of oil per day and has earned a $100 million in revenue.
Talos Energy and its two partners are the first private enterprise to ever drill in Mexico’s waters. The Zama-1 well is expected to yield up to 1.4 to 2 billion barrels of oil. If this effort is successful perhaps Mexico will see fit to continue allowing private companies to drill for oil so that everyone can benefit.
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Omar Yunes, franchisee of Sushi Itto, became a part of the Japanese food chain when he was only 21. He dedicated his career to spreading the popularity of sushi in his home country of Mexico in locations such as Mexico City, Veracruz, and Puebla.
Up to date, Omar Yunes is the owner of ten of the restaurants of Sushi Itto which is 13 percent of the franchise. His achievements over the course of his career also led him to be the winner of the title Best Franchisee of the Year. Omar Yunes won the prestige award in 2016in the Mexican chapter of the competition.
The BFW competition had participants from all around the globe and from a vast number of industries. There were applications from a total of 34 countries, including France, Italy, Hungary, Portugal, Argentina, Brazil, and many other countries from around the globe. The award ceremony was in the historic Italian city of Florence where Omar Yunes received the gold prize in front of several hundred guests including media, friends and family, colleagues, as well as people in leadership such as chief executives.
Omar Yunes accepted the reward and gave a short speech. He noted how important his team is as those are the people who interact with the customers the most every single day and make sure they have a good experience at every Sushi Itto restaurant. There are about four hundred people working across the ten location that Omar Yunes owns.
The success of Omar Yunes and his winning the BFW award did not only elevate his career and reputation in his line of work and that of Sushi Itto, but it also rippled through Mexico as a whole. According to business experts, the success of Omar Yunes and Sushi Itto will incite the interest in the Mexican franchise industry. The award of the Mexican franchisee might attract the interest of foreign investors which will benefit the Mexican market and the population.
Omar Yunes is planning on continuing to put the industry and the franchise as a priority, and he is also working on an expansion for the next few years.
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Tony Petrello has been in Nabors Industries since 1991. He was elected to join the Nabors Board of Directors the same year and also joined the Executive Committee of the Board. So how did he join Nabors? Where was he before Nabors? The influential leader is a graduate of Yale University and Harvard University. He has a background in Mathematics though he changed from Mathematics to Law where he studied at Harvard. He began his career in 1979 where he started off at Baker & Baker McKenzie. He rose to become a Managing Partner.
He, later on, joined Nabors Industries in 1991 and became the Chief Operating Officer. He became the President in 1992. His tremendous achievements saw him become the Deputy Chairman of the same company from 2003-2012. Since 2012, he took up the role of Chairman of the Board at Nabors Industries. Nabors Industries was founded in 1968 and is involved in drilling services. It offers its services globally and has grown to become one of the largest oil drilling companies. The company’s operations are in onshore and offshore drilling. It manufactures drilling equipment and comes up with the advanced software involved in rig reporting. Its employee base has grown tremendously to over 27,000 employees.
Through Petrello’s administration, the company has been able to operate in 25 countries all over the world. In 2014, he was among one of the highly paid CEOs in the US. Being a leader calls for making tough decisions and being able to figure out ways to the success of the company. For Petrello, he has been a strategist who has been able to facilitate the achievement of Nabors. His selfless nature is evident in his contract at Nabors. 80% of his income is based on the company’s revenue which means that if the sales decline, his salary also declines. His company has been able to create more jobs. Nabors has over 1050 rigs that have created employment opportunities for over 100,000 people. His humble beginnings have made him accomplish what he has today as he has worked tirelessly to achieve all he has.
Some of the most significant deals Nabors has had was in 2010 when it purchased Superior Well Services at $735 million. 2nd June 2017 saw Nabors sign a Memorandum of Understanding with Gazprom, a leader in the Russian Oil Industry. The company has also been involved in the acquisition of Robotic Drilling Systems which is a drilling company based in Norway.
Read More : https://gazetteday.com/2017/07/the-real-story-behind-anthony-petrellos-success-as-ceo-of-nabors-industries/