Wes Edens is an entrepreneur and former executive in the financial sector. He has been involved in the financial services industry for over two decades. Over the past couple of decades, Wes has worked at a few of the top financial services firms in the world. Along with being a professional working at top financial services firms, Edens has also participated in a number of charitable activities and in professional sports. He currently owns two major sports teams. After completing a bachelor’s degree from Oregon State University, Wes Edens began working in the finance industry as an employee at California Savings & Loan. He spent a couple of years at this institution to learn about the financial sector and get some entry level experience.
After a couple of years, Wes decided to pursue employment opportunities at Smith Barney. Edens worked at Smith Barney for a few years and built on his experience. He would then move on to become a member of Lehman Brothers in 1987. For six years, he was one of the top employees where he held a couple of vital roles in the organization. Wes Edens was one of the partners and managing directors of Lehman Brothers until leaving to pursue an opportunity at a new startup firm. Wes Edens joined BlackRock Financial Management in 1993 and served as one of its top executives. His experience at BlackRock Financial Management allowed him to gain even more managerial experience in the financial services industry. He would use this experience to help him start up his first business.
At the end of the 90’s Wes Edens founded Fortress Investment Group. His firm would specialize in investing in assets such as real estate and energy. The firm quickly became one of the leaders in managing a variety of assets for institutional investors. Today, Fortress Investment Group is one of the largest and most successful organizations in the financial sector. As an owner of two professional sports teams, Wes has been able to help them become more competitive. The Milwaukee Bucks of the NBA have become one of the league’s elite teams since taking over as owner. His English Premier League soccer team has improved and is in position to restore its past glory.
In the past, a person often pursued a career for a long time, and gained a lot of experience doing so. However, millennials often go from one job to another. In doing so, accomplishing success in two different careers is often “Greek” to the average millennial. Even so, to excel in one discipline takes business shrewdness, smart persistence, dedication, and a desire for knowledge and self-improvement. It is difficult for one to pivot from one promising career to a different field successfully.
An example of a professional switching career trajectory, Richard Liu has been successful and has accomplished much in the medical field as well as the financial arena. Mr. Liu was born in New Hampshire and gained insight about medical professionals having an impact on their communities. His dad was an ear, nose, and throat specialist. Liu often went to work with his mom. It is, therefore, natural that she would have an influence on his career. He excelled in his education, and decided to go to Harvard to hone his dentistry craft.
After graduation, Mr. Liu went to work for Evergreen dental care where he was able to practice what he had learned in school. Even though his early career was successful, he was intrigued by the thought of business, capital investing, and using technology in new business situations. He desired to work in the hectic world of venture capital. Realizing that this new role required education, he began more education at MIT and earned an MBA. Mr. Liu feels that the individual is responsible for his/her own success. His story is an example considered an education for those who want to be successful in life.
Those who are
looking at growing companies such as Uber know that it would have to push forward to the next level. The company had to push through legislation,
compensation hurdles, supply and demand and other issues. Jana Lightspeed knows
that it will need to push even more to get to the next level.
Lightspeed knows that the company has to be more wise going forward.
would be comfortable in working on the new
would join in like before. And those who don’t, could be replaced by new
workforce who would.
Except, all of
that would only be suitable in a dystopian universe.
With the way
that Uber’s algorithm works, drivers are essentially bound to the
company for hours on end. They have to dedicate their time like full-time
employees do, and do similar efforts to help the company run its day to day
If it weren’t
for these drivers that sign up through the Uber app to drive for the company,
the firm’s services would be nonexistent, and hiring actual fulltime drivers
would cost it a small fortune collectively.
But even after
dedicating all that time and effort, Uber drivers are not qualitied for basic
employee amenities such as minimum wage protections, health insurance, and vehicle maintenance. Any
state labor laws that might give them employee protections do not apply to
them, and they are essentially left working for Uber as independent
contractors, a status that the company has defined for them.
In the past,
drivers have gotten together to file class action lawsuits against the ride
hailing giant, most of which have ended up in arbitration. An example of such
high profile cases would be about
two class action lawsuits in the state of California, which were brought to light by Uber
drivers who wanted the employee benefit and protections that they thought they
deserved, only to be offered a $100 million in settlement.