George Soros is one of the world’s leading Philanthropists. He has given more than $40 million from his wealth to fund organizations. George Soros is the Chairman of the Soros Fund Management, a firm that is based in New York. He is also the founder of Open Society Foundations. Mr. Soros gave $40 million to a nonprofit corporation called Open Society Foundations. In 1993 he established Open Society Institute to support the growth of democratic institutions all through the Soviet Union and Eastern and Central Europe. In 2013, the Open Society Foundation presented $185 million in donations that included $11.3 million to a college by the name Bard to support cooperative liberal, fine art programs to four universities.Under his management, the Open Society Foundations ensured the organizations and individuals across the globe could fight for freedom of expression, a society that promotes equality and justice, and accountable government. The foundation also provided thousands of school fees and university fees to the hopeful students who otherwise would have been excluded from opportunity because of where they live or their identity.
Most of his giving often concentrated to those who faced discrimination only because of who they are. In Europe, he supported a group of Roma people who were pushed to the limits of mainstream society like sex workers, LGBTI people, and drug users. Born in 1930 in Hungary, Mr. Soros experienced firsthand intolerance. Between 1944 and 1945 he survived through Nazi occupation which resulted in the massacre of more than 500,000 Hungarian Jews. Many of his Jewish family endured by securing fabricated identity papers that canceled their background and they also helped others do the same. As the Communalists consolidated supremacy in Hungary after the conflict, George left Budapest to London in 1947. For him to support his educations at London School of Economics, he worked as a waiter in the nightclub and also as a railway porter part-time.He relocated to the United States in 1956 where he entered the world of investment and finance where he made his fortune.
With this wealth, he created Open Society Foundations which is a project, a partner and network of foundations in more than 100 nations. Their work and name echo the influence on his thinking of Karl Popper philosophy which he first came across at the school of economics. Popper in his book “Open Society and its Enemies” urges that no ideology or philosophy is the final arbitrator of truth and that the society can flourish if only they allow freedom of expression, respect for individual human rights and democratic governance. That was the approach to the opening of Open Society Foundation. Soros started his philanthropy by giving scholarships to South Africans in 1979 under apartheid. He helped to promote open discussion of ideas in communalist Hungary by financing educational visits to the west and assisting fledgling self-governing cultural groups and other creativities. His giving has stretched beyond his foundations supporting independent organizations such as European Council on Foreign Relations, Global Witness, and International Crisis Group.
Nabors industries Ltd. is set to acquire Tesco Corporation, a Houston-based oil field services company, in an all-stock deal. Tesco Corp. is based in Bermuda but its main offices are in Houston. Anthony Petrello, the president and chief executive officer of Nabors Industries, announced to the public details of the deal.
According to Petrello, the deal will be closed in the last quarter of 2017. Nabors will buy each of the company’s common shares at $4.62 each. This price is based on the closing price of Nabors’ stocks on August 11. This price is 19 percent higher than the value of Tesco’s stocks on the same day. In addition, the valuation represents a 30 percent premium of Tesco’s enterprise value, which is based on the company’s cash balance as on June 30, 2017.
The deal is expected to close earlier than 14th of February 2018. Once the deal is completed, the shareholders of Tesco will gain about 10 percent ownership of Nabors Shares. However, if the deal does not close by the given date, the two companies have agreed that Tesco will pay Nabors Industries $8 million. The exact details of the deal have been filled with the U.S. Securities and Exchange Commission (SEC). This information was originally published on Biz Journals as explicated in the following link https://www.wsj.com/articles/SB10001424127887324392804578358772612205556
Under the deal, Tesco’s rig equipment manufacturing and rental business will merge with Nabors’ rig equipment subsidiary, Canrig. Moreover, Nabors Drilling Solutions will be boosted by Tesco’s tubular services businesses.
Tesco is the designer and manufacturer of technology-based solutions to companies in the upstream energy sector. It also services the systems of their client companies to ensure that they are in ideal operating conditions. Nabors is the world’s largest land-based petroleum drilling company. The company is known to have the largest fleet of drilling rigs. Moreover, it owns a number of offshore platform rigs that are used by oil companies operating in the high seas. The company offers directional drilling services.
About Anthony Petrello
Anthony Petrello is one of the most influential executive leaders in the oil drilling industry. He is credited for enhancing the growth of the company. In 2014, Petrello was the highest paid American CEO with over $68.2 million in compensation. He holds a Juris Doctor (J.D) degree from the prestigious Harvard Law School. He is also an alumnus of Yale University where he earned his bachelors and master’s degree in mathematics.
The Spark Tank is one of the best things that ever happened to our business because it gave us the online exposure we needed, and this article explains how Marc Sparks did us many kindnesses through his program (http://sparktankdfw.com/). He wants to help a number of people like us, and he knows that his Spark Tank program brings in customers who would not be there any other way. I am pleased with my time at the Spark Tank, and I know that Marc is a brilliant man who will continue to help us. Learn more: https://www.amazon.com/They-Cant-Eat-Marc-Sparks/dp/0990495000
#1: The Design
The program itself has a lovely design with a nice website and beautiful place for our products to be viewed. Marc puts all the people in the Spark Tank on the website, and we are all given a chance to be seen by customers. He is increasing our profile, and he is helping us get our name into the community. This is a very serious matter that we have taken care of many times over because we wanted to know that we had traction in the market.
Marketing for our brands came through the Spark Tank, and Marc ensured that we were able to have more customers come in while he mentored us. This was a small part of the program, but it helped us increase sales while we learned.
There is a mentoring process that Marc takes everyone through, and he teaches us about business in a way that many of us do not understand. We are idea people who know how to manage our ideas, but we do not know how to build companies around these ideas. I was pleased to have a way to talk about the concerns I had with my business, and I know that I may contact Marc at any time. He is a fine mentor who will stay by our side until we are stable as a company. Learn more: http://thebrotalk.com/bro-recommendations/dallas-entrepreneur-marc-sparks-spills-must-visit-list-wineries-dfw/
#4: The Prize
We did not win the prize at the Spark Tank, but I was pleased to see that some of our colleagues did well in the program. We all benefited from the program, and it was a lovely time for all of us to network. We wanted to be a part of something that’s was much larger than ourselves, and I believe that we found that by using the Spark Tank program. Learn more: http://www.prnewswire.com/news-releases/entrepreneur-marc-sparks-transforms-office-to-optimize-innovative-collaboration-300024747.html
Marc Sparks has done quite a lot for us and our business, and we know that he is making a difference that we could not have judged. We are a much better business because of what Marc has done, and he has shown us how to grow our ideas into something special.