Louis Chenevert Comes To Retirement After Helping Companies Net Billions Of Dollars

Speaking on strategies that produce success, Louis Chenevert lists open thinking, relentless focus, elimination of roadblocks and thinking big as staples in his bag of tricks. In his career, Louis Chenevert has overseen giant corporates and left each with admirable accomplishments.

A graduate of the University Of Montreal Business School, and an MBA under his wing, Louis Chenevert has enjoyed an excellent career. With his Degree in Production Management, he landed his first role at General Motors in Canada before transitioning into the aerospace industry.

Chenevert worked at Pratt & Whitney Canada (PWC), before joining United Technologies Corporation (UTC). After joining UTC in 2006, as Chairman, Chenevert moved up to be the director in the same year. In 2008, Louis Chenevert was on the move again, this time to become the CEO and president of UTC, succeeding George David. While other companies were moving production into other countries to save on costs, Chenevert, swan upstream by choosing to move all production back home. He argued that cheap labor would mean cheap products. He focused on UTC producing superior products, and production being in the same country would be easier for him to keep an eye on things. In this view, he moved his engineers to Connecticut, and he felt this would improve on efficiency.

Louis Chenevert’s six-year stint at UTC came with notable successes. By the time he retired in 2014, the share price stood at $117, up from $37 in 2008. The F135 engine that he tirelessly worked on with his team acquired a $240 million contract with the U.S Navy. He also oversaw the acquisition of the GOODRICH Corporation during his tenure, which also was also noted for ranking UTC as one of the highly profitable conglomerates in the US.

After his retirement in 2014, Chenevert took time to enjoy his interest and hobbies, as well to the Yale Cancer Center as the Chairman to the Advisory Board. Ten months after his retirement, Louis Chenevert surprisingly took up a position as a Senior Advisor at Goldman Sachs. His life reveals a life lesson: nobody is born to be poor. You can be anything you want no matter your past.

 

https://www.bloomberg.com/photo/united-technologies-corp-ceo-louis-chenevert-/104967.html

Market America’s mouth-watering compensation plan

Market America is an internet marketing company that was established in 1992 by the power couple JR and Loren Ridinger. Initially, the couple operated from the garage in their home but they have now expanded to sell their products, not in America, but also several other countries across the globe. John Ridinger was a senior distributor at Amway before quitting and establishing his company.

 

Just like many other startups, Market America experienced several challenges in its early years of existence. After being in the market for seven years, Market America ran into trouble with the SEC concerning the violation of federal security laws.

With the charges being pressed against them, Ridinger decided to go private in 2001. This strategy gave them an opportunity to open up to new markets in Austria, Hong Kong, the UK, Mexico and the Philippines. A decade later, Market America received some buzz as they stepped into the international arena.

 

The company acquired Shop.com, an online platform where customers can purchase more than 35 million products. The Shop.com platform has been endorsed by some of the world-renowned entrepreneurs such as the Bill Gates, Yahoo, and Amazon. In 2011, the company announced that they close the year with $393 million in revenues. In the same year, they unveiled Kim Kardashian and Scottie Pippen as their celebrity spokespeople. These celebrities would also make appearances in the company’s annual conferences

 

What do you need to become a member?

Any new member joining Market America is required to purchase a startup kit that goes for $399. Members are also subject to paying a monthly fee. These monies are used to cater for the member’s access to the web portal for the company’s products. To earn a commission, members are required to make minimum monthly sales of up to $200.

 

Market America’s products

When compared to popular retailers, Shop.com is still bigger than Wal-Mart. The company sells over 35 million products and there are an additional 2500 proprietary products. The products in Shop.com include weight loss and nutritional supplements, household products, gardening products, fitness programs and many more. The company’s compensation plan is built upon a binary system.

 

https://www.youtube.com/marketamerica