Most business leaders that become successful point to someone that they’ve found inspiration or motivation from, and sometimes that person isn’t a businessman. In the case of Malaysian entrepreneur and philanthropist Vijay Eswaran, it’s one of India’s greatest leaders Mahatma Gandhi. Eswaran has been drawn to Gandhi’s principles of not only peace and non-violent civil disobedience, but also his beliefs on the importance of listening and watching instead of being quick to speak. Vijay Eswaran has taken spiritual principles from Gandhi about silence and mediation and practices them himself every day. Eswaran believes that business shouldn’t always be about running over others and doing anything just to get ahead, but also making personal sacrifices on Facebook in order to help others succeed.
Vijay Eswaran is from Malaysia where he was raised by a government worker and school teacher. His father’s job often required him to move, so he saw a lot of Asia’s impoverished areas growing up. He decided he wanted to go into business for himself eventually, and he was able to attend the London School of Economics where he got started by getting a degree in socio-economics. The road wasn’t entirely easy for Eswaran who spent a year doing hard manual labor in construction and grape picking, but he was directed to London’s CIMA certification program at philanthropies.org/vijay-eswaran-2/ while cab driving there.
Read more: @vjayeswaran
Eswaran got his MBA from Southern Illinois University not long after that and started out as a consultant for various IT companies but did work on the side in direct selling. In the early 1990s, he had the opportunity to go into full time multilevel marketing work when he joined The Cosway Group. Vijay Eswaran started his own company in 1998 along with Joseph Bismarck that became The QI Group. The QI Group became known for ecommerce and luxury product sales through QNet and QLifestyle, through which products were distributed and sold through independent sales representatives. QI Group also owns QI Asset Management, Quex Courier and Quest International University Perak.
Vijay Eswaran has spoken on a lot of global business initiatives at the World Economic Forum, and was mentioned in Forbes Asia’s 2011 Heroes of Philanthropy for giving back to his community through RYTHM Foundation. Eswaran is also co-Chair of the Vijayratnam Foundation along with his wife Umayal. He is also the author of the book, In The Sphere Of Silence.
We all love animal analogies and their use in the securities trading world is no exception. The main things that come to mind with elephants is that they are big, intelligent and can grow very old. In the trading business world, institutional investors are called elephants because of their size and intelligence in making decisions as stewards of other people’s money. An institutional investor is usually a group of people that together make trading decisions in such a large number that their organization qualifies for preferential treatment.
Capital Group is an elephant. Led by Timothy D. Armour as its chairman and principal executive officer, the Capital Group Companies manage over $1.4 trillion in assets, employ over 7,000 people, and has a history that goes back over 80 years. Thirty-three years ago, Timothy Armour joined Capital Group’s Associates Program after earning a bachelor’s degree in economics from Middlebury College. He has championed in-house research on the long-term benefits of active fund management. When criticism of Capital’s secrecy grew, Tim was instrumental in the decision to lift some of the secrecy around its operations and share more information with the media.
Timothy Armour became chairman of Capital Group after the death of its chairman, Jim Rothenberg, on July 2015. At the time, Tim Armour was chair of Capital’s management committee and a key deputy to Mr. Rothenberg. In October 2015, Janet Chang, CFA, wrote for Morningstar about American Funds, a subsidiary of Capital Group, after its recent Stewardship Grade “A” award. Janet analyzed Capital Group’s firm’s corporate culture, praising its new chairman, Timothy Armour, and the other committee members, for their continuation of the firm’s patient and long-term approach, which over its 80-year history has been the distinguishing characteristic of the firm’s investment philosophy.
On a September 2015 market commentary, Timothy Armour considered the US investment market volatility a healthy and expected correction that removed pockets of excess. After a six-year bull run in the U.S., some companies and sector valuations were stretched. Today we face increasing challenges in the U.S. economy and significant changes are expected with a new presidential administration. In that same interview, Tim Armour also called for short-term interest rates to gradually start moving higher so that “capital flows to areas where there are adequate returns” continues to be good advice.
Related: Capital Group Considers Armour as Successor to Chairman
Adam Goldenberg is certainly one of the first people that will come to most experts minds when they are asked who the most successful young CEO in Los Angles is right now. Many people don’t consider him to be that young because he has been around on the scene for so long. Goldenberg got his start before he was even 18, though. Ever since his initial success, he has produced a long track record of successful businesses that featured him at the helm. Adam Goldenberg credits this to his ability to use numbers and statistics and his hiring practices.
The Gamer’s Alliance was Goldenberg’s first successful venture as a business owner. It was a gaming network that was extremely popular in the mid-1990s. Adam was the president and creator of the company at just the age of 16. He later sold the company to Intermix media, which was a division of Myspace. He worked for that company until 2006 when he founded Intelligent Beauty with a partner.
Intelligent Beauty was what is known as an internet brand incubator. The company was responsible for helping other companies raise funding while developing their brand and their imaging as a start up on fabletics.com. The incubator was hugely successful right off the jump as they raised over $50 million in capital funding in just their first year of existence.
Goldenberg has a long history of recognizing where there unused areas in the market. Goldenberg noticed in the early 2010’s that subscription-based services were becoming a huge hit. They were working for all kinds of media and food companies. Goldenberg noticed that there was a void in this marketplace when it came to fashion.
This is what led to him creating JustFab, a subscription-based retail clothing a company. Customers can pay a monthly fee to have access to the catalog and all of the different fashions and styles that it offers at a steep discount. The most popular clothing brand that operates under the JustFab umbrella is Fabletics. Fabletics is a women’s athletic wear company that is owned by Hollywood actress, Kate Hudson.
The Goldenberg-led fashion company has seen immediate success since in inception in 2012. Fabletics is now looking to move from being almost solely based in e-commerce to a more balanced sales attack. The company’s goal is to open about 100 new retail storefronts in the next 5 years across the United States.