George Soros Creates Migrant Foundation

George Soros wrote an article for Washing Street Journal in which he said that in the world today, there has been a massive movement of people. They have been displaced by forces beyond their control. Tens of millions of them are stray because they must flee from their homes to find better living conditions in other countries. These people are desperately seeking refuge from civil war, horrible economic conditions, and oppressive governments on opensocietyfoundations.org. They are embarking on a journey for the promise of a better life in other nations and the need help from host nations in order to integrate into society so that they can make a better life for themselves and their families.

There has been a great failure collectively by the world’s political entities to make policies that can properly handle the flow of people coming from migrant nations according to George. Human misery and instability within migrant communities is rising as a high rate. This is seen in the countries that are being fled as well as the countries people are fleeing towards. Refugees have to sit in despair unable to help themselves because their host countries are not in a position to reap the rewards of integrating these people into society. There is a governmental duty to do something about this. This is a crisis that must be addressed by making infrastructure that these migrants can rely on. Furthermore, George Soros says, private businesses have a key role to play in this task.

A symbolic call to action was put out by the Obama Administration to the United Nations. Leaders from all over the world are getting together to make plans that will get a solution rolling. US companies also need to do their part to make this work because the escalating challenges cannot be met without their help. George Soros wants to play a role in solving this global crisis and for that purpose, he has earmarked $500 million to help meet the needs of migrants, their communities, and related issues around the world. George Soros is going to spend that sum of money to invest in migrant startups, communities, companies and initiatives that aid them socially. He is targeting his help at the European migrant communities but he wishes to provide help to people from across the world who are suffering from displacement due to problems in their country.

George Soros is looking for investment venues across sectors. He believes that it will be a good idea to focus attention on digital technology especially the kind that allows people to transfer funds instantaneously. With the aid of this technology financial aid can be sent to migrants and refugees who have access to mobile devices. Source: http://www.nytimes.com/topic/person/george-soros

Steve Murray, Ex-CEO CCMP Capital Dies at 52

Steve Murray, the former CEO at CCMP Capital has passed away. The private equity manager for a longtime passed away at the age of 52. He was the former CEO and President of the CCMP Capital, a firm that deals in private equity. Murray had stepped down from his post at the firm on health-related grounds. He worked for the firm and the other predecessor firms from 1989.

The firm was once known by the name Chase Capital Partners, later became JPMorgan Partners after Chase was purchased by J.P. Morgan. In 2006 and 2007, the group independently spun out and Murray took over the CEO post succeeding Jeff Walker, the group’s founder.

The present CEO and Chairman at CCMP, Greg Brenneman, mourned the sad demise of the firm’s former partner and friend. He expressed his deepest condolences on behalf of the firm to Murray’s wife and sons. He described them as Steve Murray’s pride and joy. Read more: Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees

He also pointed out that Murray was a great investor and a terrific deal maker who dealt with private equity for the better part of his career. Brenneman applauded the late Steve Murray for his immense contributions to the firm ensuring its success and all the previous firms before CCMP came into being. There has not been an official communication on the funeral or any memorial plans.

About Stephen Murray

Stephen Murray graduated in 1984 from the Boston College with an Economics degree and five years later he was awarded a MBA from the Columbia Business School. He joined the firm that was a predecessor of CCMP in 1989 and stayed put as it went several changes in its ownership before becoming a stand-alone firm in the year 2006. In 2005, Murray assumed the post of buyout business head at the J.P. Morgan Partners and continued holding this post until the spin out that occurred in 2006.

CCMP Capital emerged as a result of the JP Morgan Chase spin out and Murray was a co-founder of the new firm. The firm comprised of the growth and buyout equity team that was part of the private equity group in the former firm.

In 2007, Steve Murray was named as the CEO of the CCMP Capital firm taking over from Jeff Walker. Murray also served in the board of other large companies like Generac Power Systems, Aramark, Warner Chilcott, Legacy Hospital Partners, Cabela’s among others.

Murray was a philanthropist and supported various institutions like the Stamford Museum, Make-A-Wish Foundation in Metro New York, Columbia Business School and Boston College.