Tag Archives: performing

6 CEOs of Real Estate Firms Listed Among World'' s Best-Performing by HBR


Debra Cafaro CEO of Ventas was just one of two ladies noted on the entire list. Credit: Harvard Service Review

6 CEOs of North American realty companies were included in the most recent Harvard Service Review yearly list of the 100 best-performing CEOs.

The list, which appears in HBR’s November-December issue, varies from other magnate rankings because it determines performance for the whole length of a president’s period rather than a specifc period of time.

“We believe it is very important to recognize leaders who are providing strong monetary performance and developing sustainable businesses over the long term – not simply quarter to quarter,” said Adi Ignatius, HBR editorial director.

To compile the list, HBR took a look at CEOs of the S&P Global 1200 as of April 30, 2017, and determined overall investor return and increase in market capitalization over their whole tenure.

The realty CEOs recognized by the HBR are:

No. 43: Hamid Moghadam, Prologis

# 50: Debra Cafaro, Ventas

# 51: David Simon, Simon Home Group

# 73: Bruce Flatt, Brookfield Asset Management

# 79: James Taiclet Jr., American Tower

# 92: Stephen Smith, Equinix

The top-rated CEO was Pablo Isla, head of Spanish merchant Inditex, best known for its flagship fashion brand Zara. Isla has led Inditex on a global expansion given that becoming CEO in 2005, increasing its market value sevenfold and making it Spain’s a lot of important company. Today the business’s eight brands have 7,300 shops in 93 nations.

Amazon CEO Jeff Bezos, who is ranked # 71, still leads all other CEOs based on purely financial metrics.

On average, the world’s 100 finest CEOs have created a 2,507% total return on their stock (changed for exchange-rate effects), for a 21% annual return.

rue21 Files Chapter 11; To Focus on Finest Performing Stores

Another teen specialty apparel merchant, rue21 Inc., has actually applied for chapter 11 personal bankruptcy reorganization.

Last month, rue21 began the process of closing approximately 400 underperforming stores in its 1,179 shop fleet in order to improve operations. The locations were identified as unprofitable, underperforming, or not a tactical fit going forward.

rue21 employed Gordon Brothers Retail Partners to start liquidating the stock and close the stores by July 2017.

rue21’s occupancy cost in 2015 216 was approximately $118 million and in fiscal year 2017 it is expected to be around $119 million (prior to the shop closings).

The retailer will initially ask the personal bankruptcy court to cancel the remaining term on 22 of those leases, while attempting to market other of the leases.

Warrendale, PA-based rue21 likewise added it may examine additional store closings as it continues to manage its real estate lease portfolio.

“These actions are being carried out with the objective of strengthening the business’s balance sheet, attaining a more effective cost structure, and concentrating resources on a tighter retail footprint in order to pave the best course forward for rue21,” stated Melanie Cox, CEO of rue21

Historically, rue21 experienced strong development, with sales growing from $296.9 million in 2007 to $1.137 billion in 2015, Todd M. Lenhart, acting CFO of rue21, mentioned in an insolvency court filing.

However, after years of success and growth, business has actually come under substantial pressure in the last few years, stemming in large part from an evolution of client tastes. For example, the girls’ division represented 54% of the business’s overall gross sales in 2015, while in 2016, it represented just 50.2% (with divisional gross sales of $608 million and $568 million, respectively), a material year-over-year drop.

In addition, the company has experienced a decline in in-store deals due to online shopping. While its online existence is broadening and improving, its historic online platform was not as robust as its competitors, Lenhart mentioned.

In current months, the company has also been concentrated on revamping its ecommerce strategy and increasing the number of clients who engage with rue21 on its digital platform.

UNLV Performing Arts Center Reveals 2015-16 Season

The Performing Arts Center at UNLV, Southern Nevada’s longstanding performing arts place for 40 years, recently announced its 2015-16 season, including the well-known Charles Vanda Master Series, The Allegro Guitar Series at UNLV, and the UNLV Chamber Music Series.

The UNLV Carrying out Arts Center also continues its Design Your Own Series program, providing patrons an early opportunity to pick a range of programs at a reduced rate. Consisted of are the numerous advantages of subscribing, such as early notification about UNLV Carrying out Arts Center offerings, and discounts to bring pals or family. Excellent seats are offered, as these purchases are processed before individual tickets go on sale.

The season opens on Sept. 16 with La Belle Epoque, provided by the UNLV Chamber Music Series and provided in combination with the UNLV Department of Music. The show features baritone Tod Fitzpatrick, mezzo-soprano Stephanie Weiss, flutist Anastasia Petanova, violinist Weiwei Le, cellist Andrew Smith, and pianists Timothy Hoft, Christina Wright-Ivanova, and Katie Leung, performing works by French authors Fauré, Duparc, Ravel, and Poulenc.

Added efficiencies within the UNLV Chamber Music Series consist of the Pacifica Quartet Oct. 22; and the Amernet Quartet Jan. 28.

The Charles Vanda Master Series opens Oct. 24 with Well-Strung, a New York City-based string quartet who obtains their special mix of vocals and strings by merging symphonic music with popular song of today.

Extra performances within the Vanda Master Series are violinist Sarah Chang with pianist Julio Elizalde Feb. 6; and the Polish Baltic Philharmonic, showcasing pianist Marcin Koziak, with artistic director Ernst Van Tiel and primary guest conductor Boguslaw Davidow March 17.

The Allegro Guitar Series at UNLV includes Larry Del Casale & & Carlos Barbosa Lima in “Classical Gas” Nov. 21; Andrew York on Feb. 20; and Duo Deloro, guitarists Adam del Monte and Mak Grgic, April 13.

The UNLV Performing Arts Center also is delighted to present the National Circus and Acrobats of individuals’s Republic of China on Oct. 2; Rockapella, the kings of modern a capella music, in a holiday show Dec. 5; and the David Orlowsky Trio in “The Soul of Klezmer” April 2.

For details on purchasing a season membership, please call 895-ARTS (2787) or go to pac.unlv.edu.

UNLV PAC Truths
Arts organizations, like the Desert Chorale, Las Vegas Master Singers, and Southern Nevada Musical Arts Society, have longstanding customs here.
With productions by the College of Fine Arts, including productions presented by the Nevada Conservatory Theatre and the dance and music departments, Southern Nevadans can enjoy the arts almost every day of the year.
The PAC remains to be good community residents hosting more than 50,000 Clark County School District students yearly for productions, performances, and celebrations; donating over $100,000 in production costs to the CCSD Fine Arts division to provide students a quality efficiency experience at restricted expenditure; and giving fellow not-for-profit companies major discount rates on facility rental charges.

Established in 1976, the Carrying out Arts Center at UNLV is Southern Nevada’s original carrying out arts venue. Found on the north end of the UNLV campus, the PAC hosts a range of efficiencies and is the home of the Charles Vanda Master Series.