DOCSLIB.ORG

The Changing Landscape of Advancement in Higher Education

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Changing Landscape of Advancement in Higher Education The Changing Landscape of Advancement in Higher Education Bruce W. Flessner National & • Economics • Demand for education Global Trends • Nationalism and Globalism Higher • Broken budget models Education • Falling Public confidence Trends • Attack on Philanthropists Advancement • Understanding our donors Challenges • Staffing challenges Economics: Growth in wealth continues In 2018 world-wide household wealth exceeded $317 trillion, a 4.6% increase from 2017 North American household wealth reached $107 trillion in 2018, an annual increase of 6.5%. Wealth as grown in the United States in the past decade. September 2018 Tipping Point For the first time in history, a majority of the world is middle class or richer. Those in poverty or vulnerable to poverty are now a minority. We will live in a middle-class world. 2018: 3.7 billion middle class 2020: 4 billion middle class 2030: 5.3 billion middle class 2030: Poor decline by 150 million Vulnerable decline by 900 million 18 16 14 12 10 8 Middle 6 Class 4 Market in 2 2030 0 United States China India In 2000, 95 percent of the Fortune Global 500—the world’s largest international companies —were headquartered in developed economies. By 2025, China will be home to more large companies than either the United States or Europe. By 2025 half of the world’s large companies—those with revenue of $1 billion or more—to be headquartered in emerging markets Rising middle class leads to more university students. 2000: 100 million students world-wide 2014: Over 200 million university students 2030: Projected 330 million students The number of China: - 2% international students India: - 1.2% studying in the United Korea: - 7.6% States fell another 2.7% Saudi: - 17.1% this past year. World’s 25 advanced economies From 2005 to 2014: 65% to 70% of those in the 25 leading economies had flat or declining incomes. From 1993 to 2005: Only 2% of the citizens in leading economies had flat or declining incomes Over 500 million people in the advanced economies have seen declines in their incomes in the past decade. In the United States 81% of the population fell in the stagnant or declining group. Middle class incomes in U.S. over past 50 years Earning more than your parents… Racial divides in income in U.S. Share of people in middle-income households by age Distribution of family wealth in United States Millionaires HNWI UHNWI Centimillionaire Billionaires Global number of individuals per wealth band Number of HNWI by region, 2011-2018 HNWI financial wealth by region, 2011-2018 Nationalism Globalism National & Global Trends Higher • Broken budget models Education • Falling Public confidence Trends Advancement Challenges “Higher education is the Blockbuster Video store in a Netflix world.” University Business, January 29, 2019 Moody’s 2019 review of university finances was negative. Moody’s continued Universities closed since 2016 Abington Memorial Dixon School of Nursing Coleman University Alabama Southern Community College College of New Rochelle American Jewish University College of St. Joseph Armstrong State University Colorado Heights University Asinuntuck Community College Concordia College Alabama Atlantic Union College Crossroads College Bainbridge State College Dowling College The Boston Conservatory Episcopal Divine School Bramson ORT College Faulkner State Community College Bridgeport Hospital School of Nursing Gateway Community College Burlington College Georgia Perimeter College Capital Community College Grace University Chicago ORT Technical Institute Green Mountain College Universities closed since 2016 continued Hiwassee College Morthland College Housatonic Community College Mount Ida College Indiana Tech Law College Naugatuck Valley Community College Jefferson Davis Community College Nebraska Christian College John Wesley University New Hampshire Institute of Art Johnson State College Newbury College Jones College Northwestern Connecticut Community College Kilian Community College Norwalk Community College Lyndon State College O’More College of Design Manchester Community College Oregon College of Art and Craft Marygrove College Philadelphia University Maryhurst University Quinebaug Valley Community College Memphis College of Art St. Joseph’s College Middlesex Community College Salt Institute for Documentary Studies Miller College School of the Museum of Fine Arts Universities closed since 2016 continued Shepherd University University of Wisconsin- Fond du Lac Shimer College University of Wisconsin- Fox Valley Southeastern Bible College University of Wisconsin- Marathon County Southern Vermont College University of Wisconsin- Marshallfield St. Catherine College University of Wisconsin- Richland St. Gregory’s University University of Wisconsin- Rock County St. Vincent’s University University of Wisconsin- Washington County Thomas Jefferson University University of Wisconsin – Waukesha Three Rivers Community College Valparaiso University Law School Trinity Lutheran College Wentworth Military Academy and College Trinity Lutheran Seminary Wheelock College Turxis Community College Wichita Area Technical College Union Graduate College Wright Career College University of Wisconsin- Baraboo/Sauk County University of Wisconsin- Barron County State and local support • There was no change in state and local per-student support for higher education for FY 2018. • State/local support totaled $96.1 billion last year. • The previous five years saw some growth in state support. Federal Support • Appropriations per FTE remained flat last year. • Per-student educational appropriation last years were $7,853. • During the Great Recession per student funding fell by $2,000. A decade later is remains roughly $1,000 below pre-recession levels. Net Tuition • For the first time since the Great Recession, net tuition revenue per student did not exceed the rate of tuition. • Tuition has rising in all but two of the past twenty-five years. • US universities are seeing fewer international students • Tuition increases have been smaller Enrollment • Nationally enrollment dropped .3% last year. • Enrollment (FTE) declined in 35 states plus Washington DC • Enrollment is 6% lower than in 2011 Student debt exceeds $1.5 billion Pew Foundation studies show Pew Foundation studies show 84% Tuition costs are too high 65% Students are not getting the skills they need to succeed 54% Too much concern about protecting students from views they might find offensive 50% Professors are bringing their political & social views in classroom Scandals and Tough News Stories Just 20 universities raise 28% of all gifts These 20 universities educate 1.6% of the undergraduates in the United States. Alma maters of billionaires: National & Global Trends Higher Education Trends • Attack on Philanthropists Advancement • Understanding our donors Challenges • Staffing challenges Bill Ackman Tegan and Brian Acton Margaret and Sylvan Adams Leonard Ainsworth Paul Allen Alwaleed Bin Talal Bin Adbulaziz AlSaud Brian Armstrong Sue Ann Arnall Laura and John Arnold Lord Ashcroft KCMG PC Stewart and Sandy Bainum Lynne and Marc Benioff Nicolas Berggruen MacKenzie Bezos Manoj Bhargava Aneel and Allison Bhusri Mohammed Bin Musailam Bin Ham Al-Americ Steve Bing Sara Blakely Arthur Blank Nathan and Elizabeth Blecharczyk Michael Bloomberg David Booth Ann and John Doerr Richard and Joan Branson Dagmar Dolby Eli and Edythe Broad DONG Fangiun Charles Bronfman Glenn and Eva Dubin Edgar Bronfman Anne Grete Eidsvig and Kjell Inge Rokke Warren Buffett Larry Ellison Charles Butt Henry Engelhardt and Diane Briere de L’Isle-Engelhardt Garrett Camp Candy and Charlie Ergen Steve and Jean Case Judy Faulkner John Caudwell Charles Feeney Brian Chesky Andrew and Nicola Forrest Scott Cook and Signe Ostby Ted Forstmann Lee and Toby Cooperman Phillip and Patricia Frost Joe and Kelly Craft Mario and Regina Gabelli Joyce and Bill Cummings Bill and Melanda Gates Ray and Barbara Dalio Joe Gebbia Jack and Laura Dangermond And and Jennifer Gilbert John Paul DeJoria Joe Gebbia Ben Delo Ann Gloag OBE Mohammed Dewji Dave Goldberg and Sherl Sandberg Barry Diller and Diane von Furstenberg Jeremy and Hanne Grantham David and Barbara Green Badr Jafar and Razan Al Mubarak Jeff and Mei Sze Greene Sonia and Paul Tdor Jones Harold Grinspoon and Diane Troderman John W. Jordan II Gordon and Llura Gund Ryan D. Jumonville Sir Stelios Haji-loannou George Kaiser Harold Hamm Brad and Kim Keywell Nick and Leslie Hanauer Vinod and Neeru Khosla David and Claudia Harding Sidney Kimmel Reed Hastings and Patty Quillin Rich and Nancy Kinder Karen Herskovitz Beth and Seth Klarman Lyda Hill Robert and Arlene Kogod Barron Hilton Elaine and Ken Langone Orion and Jackie Hindawi Erica and Jeff Lawson Reid Hoffman and Michelle Yee Liz and Eric Lefkofsky Christopher Hohn Francine LeFrak and Rick Friedberg Elie and Susy Horn Gerry and Marguerite Lenfest Sir Tom and Lady Marion Hunter Peter Lewis Jon and Karen Huntsman Daoming Liu Dr. Mo Ibrahim Iza and Samo Login Carl Icahn Lorry Lokey Joan and Irwin Jacobs George and Mellody Hobson Richard and Melanie Lundquist Dustin Moskovitz and Cari Tuna Duncan and Nancy MacMillian Patrice and Precious Motsepe Alfred Mann Elon Musk Joe and Rika Mansueto Arif Naqvi Bernie and Billi Marcus Jonathon Nelson Richard Edwin and Nancy Peery Marriott Rohini and Nandan Nilekani Strive and Tsitsi Masiyiwa Gensheng Niu Kiran Mazumdar-Shaw Pierre and Pam Omidyar John and Marcy McCall MacBain Natalie and Paul Orfalea Craig and Susan McCaw Bernard and Barbro Osher Red and Charline McCombs Bob
Load more

Recommended publications
  • 1 October 10, 2019 Scott Scheele, Esq. Chief, Telecommunications And
    October 10, 2019 Scott Scheele, Esq. Chief, Telecommunications and Broadband Section Antitrust Division, U.S. Department of Justice 450 Fifth Street NW, Suite 7000 Washington, DC 20530 Re: United States v. Deutsche Telekom AG, et al., No. 1:19-cv-02232-TJK TUNNEY ACT COMMENTS OF THE COMMUNICATIONS WORKERS OF AMERICA Introduction. The proposed Final Judgment (“PFJ”) violates a number of clearly articulated Antitrust Division policies on merger remedies. These policies, incorporated in current policy guidance documents and in speeches by Division officials, are aimed at ensuring that antitrust remedies are appropriate, effective and principled. The remedy here satisfies none of these goals. The Division has not articulated any reasons, let alone principled reasons, why it has turned its back on its own merger remedy policies in this case, many of which are long-standing and represent sound antitrust enforcement. The Division has recently and successfully asserted a number of its merger remedy policies in litigated cases as a basis for rejecting proposed fixes to anticompetitive mergers, including one in which the proposed divestiture package did not include the network necessary for the buyer successfully to compete. That has particular relevance here. Judged from the standpoint of the competitive harm alleged in the Complaint, the divestiture assets do not restore the competition lost by the elimination of Sprint as an independent competitor under the theories of harm alleged in the complaint and in the product market alleged in the complaint. The divestitures create a Mobile Virtual Network Operator (“MVNO”), but the theories of harm and market definition treat competition from MVNOs as de minimis.
    [Show full text]
  • Ernst & Young World Entrepreneur of the Year
    5–9 June 2013 | Monte Carlo Congratulations! Hamdi Ulukaya Ernst & Young World Entrepreneur Of The Year® 2013 Chobani, Inc. | Founder, President and CEO WEOY 2013_LEADERS supplement_Final2.indd 1 6/24/2013 9:40:48 AM “The US is an amazing country that welcomes so many people from around the world and provides opportunities for everyone.” Hamdi Ulukaya “The World Entrepreneur Of The Year award is by entrepreneurs for entrepreneurs. They are judged by a Hamdi Ulukaya US panel of their peers and past winners.” ”These entrepreneurs When it comes to making yogurt, approaching US$1b. It has a workforce had 100% revenue Turkish-born entrepreneur Hamdi Ulukaya of more than 2,200 people and sells growth and 40% employment growth has the magic touch. Chobani Greek its products in Australia and the UK, as over the past three Yogurt, which he launched in 2007, is well as in the US. Chobani’s newest US years. They are the already the best-selling brand of yogurt manufacturing facility is the largest yogurt men and women who in the US. Made using a centuries-old factory in the world. create jobs, support Maria Pinelli technique of straining to remove excess communities and Ernst & Young Another American dream Global Vice Chair, Strategic liquid, it comes in a wide range of flavors build economies.” Growth Markets from plain to mango, passion fruit and comes true strawberry banana. As an immigrant, Hamdi believes in What’s an entrepreneur Hamdi was born into a dairy-farming embracing change and improving family in eastern Turkey, but he moved communities, so 10% of Chobani’s profits made of? to the US in 1994 to learn English and are donated to the company’s charitable Great minds, powerful ideas, vision and passion — foundation, Shepherd’s Gift Foundation.
    [Show full text]
  • Chobani Crisis Management
    Chobani Crisis Prepared by Ashley Tanaka management plan Table of Contents: Table of Contents ………1 Memorandum ……… 2 Outline of Case Study…………… 3-4 Media Relations Policy…………. 5-6 Social Media Policy………………… 7 Letter from the CEO………….8 Importance of Holding Statements………9-10 Works Cited…………11 1 | Page Memorandum To: David Margulies, Senior Management CC: Crisis Management Team From: Ashley Tanaka, Crisis Management Coordinator Date: 11/4/2013 Re: Crisis Management Plan Our company has grown rapidly since 2006, and within the last month our company has faced multiple crises back to back. We are overcoming each obstacle as best as we can, and our crisis management team has updated our crisis management and communication resource plan. The new guide includes updated media relations and social media policies. *See attached. In order to minimize the negative impacts on Chobani, included are 5 potential crises Chobani has faced or could potentially face. We have compared companies who have faced similar situations. Our media relations policy includes being transparent on all levels. A sample apology letter is provided to address a personal situation our CEO could potentially face. This letter is written to be issued on social media outlets. Our CEO, Hamdi Ulukaya has successfully branded himself to the publics, making him a potential target to negative backlash. We also included the importance of holding statements and Q&A, but stated why for this particular situation these do not need to apply. Finally, an analysis on our key audiences and what are our best ways of reaching our audience would be. We included statistic and tables to better illustrate the best practices.
    [Show full text]
  • U.S. Employers' Guide to Hiring Refugees
    U.S. EMPLOYERS’ GUIDE TO HIRING REFUGEES 1 U.S. EMPLOYERS’ GUIDE TO HIRING REFUGEES ABOUT TENT Founded in 2015 by Hamdi Ulukaya, the Tent Foundation is mobilizing the private sector to improve the lives and livelihoods of the more than 20 million men, women, and children forcibly displaced from their home countries. As traditional actors struggle to cope with the global refugee crisis – with ever-increasing numbers of refugees, displaced for longer periods of time – it is clear that businesses have a more important role than ever before. Tent works with businesses to help them develop and implement tangible commitments to support refugees. Tent believes that businesses have the greatest impact when they treat refugees not as victims, but as economically-productive workers, suppliers, entrepreneurs and customers – and when they leverage their core business operations to hire refugees, integrate refugees into supply chains, invest in refugees, and deliver services to them. Learn more at tent.org 2 U.S. EMPLOYERS’ GUIDE TO HIRING REFUGEES ABOUT LIRS Lutheran Immigration and Refugee Service (LIRS) has been resettling refugees and promoting both migrant and refugee rights since 1939. As a national resettlement organization, LIRS has more than 20 years of experience across the United States supporting refugee career entry and advancement while responding to the latest immigration workforce and market trends. LIRS provides training and technical assistance to refugee employment managers nationwide including connecting them to potential employers. It hosts annual conferences and workshops, reviews best business practices, and provides employment case management. LIRS also provides professional development directly to refugees. Additionally, LIRS partners with employers to support the hiring and retention of immigrants and refugees.
    [Show full text]
  • Impacts of the Lightsquared Network on Federal Science Activities
    IMPACTS OF THE LIGHTSQUARED NETWORK ON FEDERAL SCIENCE ACTIVITIES HEARING BEFORE THE COMMITTEE ON SCIENCE, SPACE, AND TECHNOLOGY HOUSE OF REPRESENTATIVES ONE HUNDRED TWELFTH CONGRESS FIRST SESSION THURSDAY, SEPTEMBER 8, 2011 Serial No. 112–33 Printed for the use of the Committee on Science, Space, and Technology ( Available via the World Wide Web: http://science.house.gov U.S. GOVERNMENT PRINTING OFFICE 68–227PDF WASHINGTON : 2011 For sale by the Superintendent of Documents, U.S. Government Printing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2104 Mail: Stop IDCC, Washington, DC 20402–0001 COMMITTEE ON SCIENCE, SPACE, AND TECHNOLOGY HON. RALPH M. HALL, Texas, Chair F. JAMES SENSENBRENNER, JR., EDDIE BERNICE JOHNSON, Texas Wisconsin JERRY F. COSTELLO, Illinois LAMAR S. SMITH, Texas LYNN C. WOOLSEY, California DANA ROHRABACHER, California ZOE LOFGREN, California ROSCOE G. BARTLETT, Maryland BRAD MILLER, North Carolina FRANK D. LUCAS, Oklahoma DANIEL LIPINSKI, Illinois JUDY BIGGERT, Illinois GABRIELLE GIFFORDS, Arizona W. TODD AKIN, Missouri DONNA F. EDWARDS, Maryland RANDY NEUGEBAUER, Texas MARCIA L. FUDGE, Ohio MICHAEL T. MCCAUL, Texas BEN R. LUJA´ N, New Mexico PAUL C. BROUN, Georgia PAUL D. TONKO, New York SANDY ADAMS, Florida JERRY MCNERNEY, California BENJAMIN QUAYLE, Arizona JOHN P. SARBANES, Maryland CHARLES J. ‘‘CHUCK’’ FLEISCHMANN, TERRI A. SEWELL, Alabama Tennessee FREDERICA S. WILSON, Florida E. SCOTT RIGELL, Virginia HANSEN CLARKE, Michigan STEVEN M. PALAZZO, Mississippi VACANCY MO BROOKS, Alabama ANDY HARRIS, Maryland RANDY HULTGREN, Illinois CHIP CRAVAACK, Minnesota LARRY BUCSHON, Indiana DAN BENISHEK, Michigan VACANCY (II) C O N T E N T S Thursday, September 8, 2011 Page Witness List ............................................................................................................
    [Show full text]
  • DECONSTRUCTING the INVISIBLE WALL: How Policy Changes by the Trump Administration Are Slowing and Restricting Legal Immigration
    DECONSTRUCTING THE INVISIBLE WALL: How Policy Changes by the Trump Administration Are Slowing and Restricting Legal Immigration #AILAStandsWithImmigrants AILA Doc. No. 18031933. (Posted 3/19/18) Deconstructing The Invisible Wall Introduction For decades, our country has reaped the extensive benefits of our legal immigration system. Immigrants living and working in the United States based on close family ties, employer sponsorship, humanitarian protection, and the Diversity Immigrant Visa program have made our nation stronger, better, and more vibrant by building strong family support systems and culturally enriched communities, and contributing to our shared economic growth by launching businesses, fueling entrepreneurship, driving innovation, and strengthening the U.S. labor force. U.S. history is full of immigrant success stories that confirm how you come to the United States is less important than what you accomplish once you arrive.1 No less than 43 percent of Fortune 500 companies were founded or co-founded by an immigrant or the child of an immigrant, and that figure rises to 57 percent among the Fortune 500 Top 35.2 In Silicon Valley, more than half of new tech start-up companies were founded by foreign-born individuals.3 Some of the most prominent immigrants who have helped launch successful U.S.-based businesses include Arianna Huffington (Huffington Post), Pierre Omidyar (eBay), Sergey Brin (Google), Elon Musk (Tesla, SpaceX), Jerry Yang (Yahoo), Hamdi Ulukaya (Chobani), and Jan Koum (WhatsApp). John Tu, co-founder of Kingston Technology and number 87 on the Forbes 400 list, immigrated to the United States based on sponsorship by his U.S.
    [Show full text]
  • Read It Here
    IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLORADO Civil Action No. _______________________ CITY OF DAYTONA BEACH POLICE OFFICERS’ AND FIREFIGHTERS’ RETIREMENT SYSTEM, derivatively on behalf of nominal defendant DISH NETWORK CORPORATION, Plaintiff, v. CHARLES W. ERGEN, JOSEPH P. CLAYTON, JAMES DEFRANCO, CANTEY M. ERGEN, STEVEN R. GOODBARN, DAVID K. MOSKOWITZ, TOM A. ORTOLF, and CARL E. VOGEL, Defendants, and DISH NETWORK CORPORATION, Nominal Defendant. VERIFIEDDEADLINE.com SHAREHOLDER DERIVATIVE COMPLAINT Plaintiff City of Daytona Beach Police Officers’ and Firefighters’ Retirement System (“City of Daytona” or “Plaintiff”) brings the following Verified Shareholder Derivative Complaint (the “Complaint”), for the benefit of nominal defendant DISH Network Corporation (“Dish” or the “Company”), against the Company’s founder, chairman, and controlling shareholder Charles W. Ergen (“Ergen”) and the members of the board of directors of Dish (the “Board”). The allegations of the Complaint are based on the knowledge of Plaintiff as to itself, and on information and belief, including the investigation of counsel and review of publicly available information, as to all other matters. INTRODUCTION 1. This action arises from the complete failure of the Company’s Board of Directors (the “Board”) to withstand the domineering influence of Dish’s controlling shareholder Ergen. Dish is a satellite TV provider that recently has spent billions of dollars to expand its business by acquiring wireless spectrum licenses. In April 2013, Ergen completed the purchase of more than $1 billion of debt of a bankrupt company, LightSquared, L.P. (“LightSquared”), which owns such spectrum licenses. In May, 2013, Ergen launched a personal $2 billion bid for LightSquared’s spectrum assets – a bid that directly competed with Dish’s clear interests in bidding for these same assets.
    [Show full text]
  • Forbes 2017 Billionaires List: Meet the Richest People on the Planet
    Forbes 2017 Billionaires List: Meet The Richest People On The Planet forbes.com/sites/kerryadolan/2017/03/20/forbes-2017-billionaires-list-meet-the-richest-people-on-the-planet/ 3/19/2017 By Luisa Kroll and Kerry A. Dolan It was a record year for the richest people on earth, as the number of billionaires jumped 13% to 2,043 from 1,810 last year, the first time ever that Forbes has pinned down more than 2,000 ten-figure-fortunes. Their total net worth rose by 18% to $7.67 trillion, also a record. The change in the number of billionaires -- up 233 since the 2016 list -- was the biggest in the 31 years that Forbes has been tracking billionaires globally. Gainers since last year’s list outnumbered losers by more than three to one. Read more: The Full List of The World's Billionaires Bill Gates is the number one richest for the fourth year in a row, and the richest person in the world for 18 out of the past 23 years. He has a fortune of $86 billion, up from $75 billion last year. Amazon’s Jeff Bezos had the best year of any person on the planet, adding $27.6 billion to his fortune; now worth $72.8 billion, he moved into the top three in the world for the first time, up from number five a year ago. Warren Buffett had the second-best year, and the biggest gain since Donald Trump was elected president in November 2016. His $14.8 billion jump in 12 months was enough for him to grab back the number two spot from Amancio Ortega, founder of Spanish clothing chain Zara.
    [Show full text]
  • AA-Postscript 2.Qxp:Layout 1
    TUESDAY, DECEMBER 9, 2014 HEALTH & SCIENCE For Chobani founder, American dream made of Greek yogurt NEW YORK: It only took Turkish immi- student job at a farm in a yogurt-produc- Manhattan’s trendy SoHo neighborhood. 2013 seems to have left the company rel- Germany and France, according to the grant Hamdi Ulukaya’s yogurt seven ing region of New York state, and the But, he emphasized, it’s the yogurt that atively unscathed. US Department of Agriculture. years to sweep American grocery isles, rest, of course, was history. The blossom- “will close the deal.” Meanwhile the yogurt market has Ulukaya would like to encourage where Chobani now competes with ing entrepreneur signed up for a busi- In October 2007 Chobani-named been totally recast: Greek yogurt now yogurt consumption for other US meals some of the biggest brands like Danone ness program at the University of Albany after the Turkish word for shepherd-was accounts for 40 percent of the $8 billion besides breakfast. He envisions yogurt and Yoplait. “I love winning, I hate failure,” in New York state. officially born. It contained no fat, twice US yogurt industry. And Chobani, which with oats, a sour cream rival, and a mues- said the 42-year-old, whose story epito- the protein of its peers and no artificial employs 2,000 people, boasts 40 percent li-infused product. He invested $450 mil- mizes the American dream. When Self-made man flavors. At the time, Danone and Yoplait of that market share. lion in a plant in Twin Falls, Idaho, consid- Ulukaya arrived in the United States, he During a visit to the United States, his accounted for 71 percent of the ered to be the biggest production facility had $3,000 in his pocket.
    [Show full text]
  • Are Immigrants Taking American Jobs?
    NEW NEW AMERICA AMERIC ★ OUR PUBLIC DEBATE OFTEN FRAMES IMMIGRATION AS A THREAT: ARE IMMIGRANTS TAKING AMERICAN JOBS? ARE THEY A SECURITY DANGER? THESE ARE UNDERSTANDABLE QUESTIONS—BUT THEY OVERSHADOW THE FACT THAT FOR MOST OF THE WORLD, AND FOR MILLIONS OF AMERICANS, IMMIGRATION TO THE UNITED STATES REPRESENTS OPPORTUNITY AND HOPE. HERE ARE 25 IMMIGRANTS LIVING AND WORKING IN THE U.S, WHOSE SUCCESSES ARE SHAPING THE FUTURE OF THE COUNTRY —AND REMINDING US THAT THE AMERICAN DREAM SHOULDN’T BE A NATIONAL NIGHTMARE. ILLUSTRATION BY HARRY CAMPBELL HARRY BY ILLUSTRATION WORTH.COM AUGUST-SEPTEMBER 2016 059 DAVID KWAME ANTHONY APPIAH purchase of land for the team’s new sta- into telomerase, an enzyme crucial to BECKHAM dium in Miami; international phenomenon healthy DNA, would win her, along with PLACE OF BIRTH: LONDON Cristiano Ronaldo is reportedly consider- two colleagues, the Nobel Prize. She was TITLE: PROFESSOR OF PHILOSOPHY, ing playing for the team. named head of the Salk Institute, one of NEW YORK UNIVERSITY; COLUMNIST, THE NEW YORK TIMES the world’s most prestigious and influen- tial centers for medical research, in 2015. IMPACT: ALTHOUGH BORN IN THE UNITED PREET BHARARA KINGDOM, KWAME ANTHONY APPIAH PLACE OF BIRTH: FEROZEPUR, GREW UP IN GHANA. His father, who PUNJAB, INDIA SERGEY BRIN came from a royal Ashanti lineage, was PLACE OF BIRTH: MOSCOW a lawyer and diplomat, and his mother TITLE: U.S. ATTORNEY FOR THE SOUTHERN DISTRICT OF NEW YORK was a novelist and children’s book writer. TITLE: COFOUNDER, GOOGLE; PRESIDENT, ALPHABET; DIRECTOR, X Appiah studied at Cambridge, where he IMPACT: PREET BHARARA CAME TO THE NEW AMERICA earned a PhD in philosophy in 1982.
    [Show full text]
  • Page from the HUMBLE KURDISH FIELDS of TURKEY to YOGHURT MAGNATE the STORY of HAMDI ULUKAYA of CHOBANI YOGHURT LLC by Leandr
    FROM THE HUMBLE KURDISH FIELDS OF TURKEY TO YOGHURT MAGNATE THE STORY OF HAMDI ULUKAYA OF CHOBANI YOGHURT LLC By Leandri Lotz This article is about how passion, diversity, community, creativity and organisational climate can defy all odds and can lead to a flourishing business during a time of global economic meltdown, but it also touches on how businesses must embrace change and when it comes to who should lead such change, even the best founders must sometimes be replaced. This is the journey of Hamdi Ulukaya and it commenced in 1994. As a Kurdish-Turkish immigrant from a family of shepherds, he arrived in America, speaking nearly no English. This was a period of worldwide economic and political turmoil; however, his country was so severely impacted by the instability that most young people sought refugee status in other countries, leaving what was familiar and loved by them, in pursuit of survival elsewhere. With his passion and courage, he started Chobani LLC and led the acclaimed yoghurt company to a net worth of $1.7billion as estimated in 2018. This makes Mr Ulukaya one of the wealthiest people in the world, and his experience stands as an example for entrepreneurs that aspire to build successful companies. Yes, I know this sounds like one of those too-good-to-be true stories that we easily brush aside; however, Hamdi Ulukaya’s journey was not as smooth as the finest Greek yoghurt that he produces. Many lumps and hiccups on the way required the young entrepreneur to persevere and hold his vision, even when he knew that he had no plan, no collateral and no knowledge of business, marketing and even yoghurt, apart from the homemade cheese recipe of his beloved mother.
    [Show full text]
  • Bloomberg Billionaires Index Order Now, Wear It Tomorrow
    Bloomberg the Company & Its Products Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request Bloomberg Menu Search Sign In Subscribe Bloomberg Billionaires Index Order now, wear it tomorrow. That's next day View profiles for each of the world’s 50de0livery for you* richest people, see the biggest movers, and compare fortunes or track returns. As of July 18, 2018 The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Details about the calculations are provided in the net worth analysis on each billionaire’s profile page. The figures are updated at the close of every trading day in New York. Rank Name Total net worth $ Last change $ YTD change Country Industry 1 Jeff Bezos $152B +$1.69B +$53.2B United States Technology 2 Bill Gates $95.3B +$5.13M +$3.54B United States Technology 3 Mark Zuckerberg $83.8B +$967M +$11.0B United States Technology 4 Warren Buffett $79.2B -$3.82B -$6.14B United States Diversified 5 Bernard Arnault $75.0B +$252M +$11.7B France Consumer 6 Amancio Ortega $74.9B +$78.3M -$427M Spain Retail 7 Carlos Slim $62.7B -$382M +$1.19B Mexico Diversified 8 Larry Page $58.4B +$630M +$5.98B United States Technology 9 Sergey Brin $56.9B +$608M +$5.78B United States Technology 10 Larry Ellison $55.2B +$359M +$2.12B United States Technology Francoise Bettencourt 11 Meyers $49.2B +$14.1M +$4.73B France Consumer 12 Charles Koch $46.9B +$247M -$1.27B United States Industrial 13 David Koch $46.9B +$247M -$1.27B United States Industrial 14 Jack Ma $44.4B +$317M -$1.08B China Technology 15 Mukesh Ambani $44.0B
    [Show full text]