Several famous names from the financial world embody enough power that inspires awe, respect and, sometime even fear. They also happen to be the m🌺ost successful businessmen and investꦅors in the world. Here are five intimidating business wizards:
Bill Gates
Bill Gates is best known for being one of the richest men on the planet and the founder of tech company giant Microsoft. What helped him and his company establish a near-perfect dominance over the market was not only a superior level of technology. It was also Gates' business acumen and cutthroat competitiveness. When Microsoft exploded onto the scene with MS-DOS, Excel, Word and then Windows, many investors wondered why the profits weren't being paid out in juicy dividends. It soon became apparent that Bill Gates was building a massive 澳洲幸运5开奖号码历史查询:war chest.
Investors who would usually try to sway the 澳洲幸运5开奖号码历史查询:board of directors to disperse the profits were unusually silent as Gates plotted a course for Microsoft that would make it one of the largest companies in the world. Microsoft now has billions of dollars held in reserve that can be used as a weapon or a shield, depending on what the situation calls for. Whether it is facing down 澳洲幸运5开奖号码历史查询:anti-trust lawsuits or carving out new markets for his company, Bill Gates and his 澳洲幸运5开奖号码历史查询:800-pound gorilla are very intimidating.
George Soros
澳洲幸运5开奖号码历史查询:George Soros has been described as a pirate and is despised in locations as various as Thailand, Britain and Malaysia. This famous currency 澳洲幸运5开奖号码历史查询:speculator has made a fortune breaking 澳洲幸运5开奖号码历史查询:currencies. In breaking the Bank of England, Soros became a figure to be feared꧒ by countries tryin꧒g to protect fragile currencies.
Soros is far from a numbers-only speculator. He looks in-depth at a country and tries to spot errors in valuation. Political policies in particular draw his interest. Active in philanthropy focused on bringing about political change, Soros also uses his currency positions to "punish" countries whose policies are ignored in favor of positive economic data by most speculators.
By pressuring these governments financially, Soros can force political changes that might never come about otherwise. Governments may fear him, but the citizens of these countries may ultimately thank him. (See also: 澳洲幸运5开奖号码历史查询:The Christmas Saints Of Wall Street.)
Carl Icahn
Carl Icahn is a one-time raider who can be credited with prompting more 澳洲幸运5开奖号码历史查询:Securities and Exchanges Commission regulation than any other individual.
Icahn was the creator of 澳洲幸运5开奖号码历史查询:greenmailing and one of the primary reasons that 澳洲幸运5开奖号码历史查询:disclosure rules are so strict once stock holdings creep to the level of a 澳洲幸运5开奖号码历史查询:toehold purchase. Icahn did everything from stripping assets and forcing stock buybacks, to personally dressing down CEO🌱s and🌱 board members.
Now, hemmed out of raiding by the SEC, Icahn buys 澳洲幸运5开奖号码历史查询:controlling or even 澳洲幸运5开奖号码历史查询:minority interests in companies that he considers to be undervalued. He then outlines his plan for creating value – ranging from 澳洲幸运5开奖号码历史查询:spinning off profitable units, buying back stock, or simply cutting down excess overhead costs. He threatens a 澳洲幸运5开奖号码历史查询:proxy war if his "advice" is not followed.
With his reputation, a company may even see a jump in price just by calling down the wrath of Icahn on its slumping stock. Icahn works to create value for the s🔯hareholders now, rather thไan stealing it from them, but a meeting with him is still enough to make underperforming and overpaid CEOs quiver.
John D. Rockefeller
澳洲幸运5开奖号码历史查询:John D. Rockefeller may be the most terri𓄧fying figure in finance. He was the richest man in the world and still ranks as the richest man in modern history. His company Standard Oil controlled 90% of the American oil industry and was infamous for forcing competitors to bankruptcy and then buying their assets from their creditors.
But the thing that made Rockefeller truly terrifying was his absolute belief in what he was doing. He saw cutthroat competition as a ruinous practice that benefited the consumers much less than it ultimately hurt business. Rockefeller saw greater profits and greater benefits could be achieved by the practice of "combination," now called "澳洲幸运5开奖号码历史查询:economies of scale."
Rockefeller is remembered for his hardball practices of using the immense wealth of Standard Oil to cause train and barrel shortages that ruined his competitors and forced them to come to his side. But he should also be remembered for emphasizing 澳洲幸运5开奖号码历史查询:research and development, reducing harmful waste and passing savings onto consumers. There is no doubt that his driving sense of purpose ಞand the means he employed to achieve his ends were not all good, but there is as much to admire about Rockefeller as there is to fear.
J.P. Morgan
J.🦩P. Morgan was a wealthy man, but not near the scale of a Rockefeller or eveꦐn a Gates. What J.P. Morgan had more of than any other person on this list was pure power.
During his lifetime it was said that God owned men's souls and J.P. Morgan owned the rest. The power that Morgan wielded owes as much to timing as to his personal attributes. Morgan was the primary banker for Wall Street, 澳洲幸运5开奖号码历史查询:underwriting companies like General Electric and International Harvester at a time when the American economy was getting ready to explode. At the time, aౠ bank's reputation decided whether an issue would sell rather than the strength of the company's financials. And Morgan's reputation was gold.
The moment when Morgan was at his most powerful and terrifying, however, came during the Bank Panic of 1907. Morgan personally gathered all the financial and political movers at his mansion and forced them into locked-door negotiations to resolve the crisis. The idea that the entire American economy relied on one aging banker to keep it afloat scared the government so badly that the 澳洲幸运5开奖号码历史查询:Federal Reserve Bank was created to prevent a similar situation froꦚm ever happening again.