The co-chairman and principal for the company Fortress, Peter Briger has built quite a career in today’s business world. Peter Briger has been with Fortress for more than fifteen years and currently is in charge of the Fortress Credit division. Under his leadership the company has had a tremendous amount of success. Briger himself has done quite well. Currently his a member of the Forbes 400, a list of top business professionals.
Peter Briger is a graduate of Princeton University where he earned a degree in in business administration. He later continued his education by earning a masters degree from the prestigious Wharton business school. He has spent the last decade and a half working himself up from a management committee member to to his current position as co-chairman. Briger is also committed to working for the company Tipping Point, a non-profit group that helps low-income workers in the San Francisco area.
Briger’s group Fortress has had an amazing run during the last fifteen years. Founded in 1998, the company quickly began to grow after its formation. In 2014 the group was recognized as the “Hedge Fund Manager of the Year” and “Management Firm of the Year.” The group has been recognized by major publications like the Institutional Investor and HFMWeek. As of the middle of 2016 the company had amassed more than seventy billion dollars in total assets.
Fortress has had the opportunity to work with a number of major companies over the last fifteen years or so. In 2006 they handled funds for Canadian ski resort operator Intrawest, North America’s largest ski resort operator. They have also worked with and managed funds for major groups like Abercrombie & Kent and RailAmerica Inc. Peter Briger has a lot to do with Fortress’s success. Outside of his work with Fortress he is dedicated to giving back to many philanthropic causes. He is a member of the Silicon Valley Leadership Council for the Global Fund for Children. He also works with he Council on Foreign Relations. This group is focused on educating the community on foreign policy issues.
If any company or business is looking for an organization to emulate, it would be Nationwide Title Clearing, Inc. The company began its journey in 1991 as a small, regional title and documents company and today it is one of the largest in the world in its field. It handles the sourcing of documents found in all of the jurisdictions and counties in the United States, which amounts to over 3,600 places to look.
The keys to the success of document companies are to be able to deliver to the customer the required documents accurately and at great speed. Nationwide has a compliance rate of 99.89% and a failure rate of only .78%, meaning that they are nearly 100% on both counts.
Considering the sheer volume of documents that the company processes, this is an incredible statistic. Eight out of the top ten retail mortgage and lending businesses have chosen Nationwide as their primary sources for their documents. These companies include some of the largest mortgage and lending companies in the world.
Employees are given lots of credit for the robust statistics at Nationwide. From the beginning of their employment, they go through a very intensive training for about three weeks and then are continually supervised closely until they master their job.
There are also about 150 additional training modules available at the discretion of the employees which are used for additional training and skills. Many of these modules are instrumental in various paths to advancement and employees are given time to pursue these options. Up to 70% of the workforce is involved in the extra training at any given time.
Success does not usually happen by accident, especially with large companies. Nationwide is experiencing rapid growth largely due to more retail mortgage companies recognizing the skill and results exhibited in the past. The company has grown over 700% since 2008, for example, and continues its trend year by year. These kinds of results happen for a reason.
John Hillman, CEO of Nationwide made an industry-wide podcast recently where he talked about results in the industry and what has to be done to achieve them. Compliance is a much-discussed topic in the industry, yet it always seems to be a problem in some circles. Hillman went on to say that if you want good compliance, you must train for it and let employees know what is expected. Then a high level of monitoring must also be in place to measure results and communicate to employees. You keep the score, and the score will improve.
It was the first of a series of articles that Securus Technologies will provide concerning wrongdoings and other breaches by Global Tel Link (GTL). Securus leads the way for a more secure solution for monitoring the civil and criminal system. This is accomplished through investigation, corrections, monitoring and reporting any wrongdoings by inmate communications.
According to an information from PR Newswire, Securus will be released in several press releases over a six month period, to bring shame to GTL and bring the organization up to standards of integrity expected.
Order No. U-20784 by the Louisiana Public Service Commission (PSC) in regards of the actions of GTL while they served as telecom services to the Louisiana Department of Corrections. The outbound calls of thousands of inmates were found by The Louisiana PSC and investigated. The wrongdoing of GTL we as follows:
- Unlawfully GTL advanced clocks concerning phones
- Unlawfully GTL programmed the phones to rate calls
- Unlawfully GTL doubled billed calls
It was unlawful that GTL overcharged Louisiana taxpayers $1,243,000. Even though it was about eighteen years ago and the order by PSC was dated January 21, 1998. Richard A. (“Rick”) Smith, Chief Executive Officer of Securus America Technologies, said he would not have brought it up at this time but found that GTL continues their wrongdoings. He states that such atrocious behavior should not go unnoticed and feels that the responsibilities the industry has to held to a higher standard. He feels that GTL needs to held accountable for their scamming phone tricks on customers.
Securus Technologies is based in Dallas, Texas and continues to serve the law enforcement and corrections facilities and inmates across the United States. It is their commitment to provide emergency responses, investigations, analysis, public information, self service kiosk for inmates and monitoring products, incident management and provide for the safety of the public. For more info, see https://www.crunchbase.com/organization/securus-technologies#/entity.