Hell on Wheels Season 3 Begins
The only television tycoon I can think of off hand is Colm Meaney’s Thomas “Doc” Durant in Hell on Wheels. Durant was in charge of building the eastern half of the first transcontinental railroad right after the Civil War ended.
As always, Colm does a marvelous job in this role. It’s rated 8.1 over at IMDB.
If you haven’t seen the show do give it a try if you like westerns. It’s packed with likeable characters, scoundrels, downright villains and offers a pretty unvarnished view of the period.
The Profit’s Marcus Lemonis explains how he makes his money by acquiring and fixing up troubled businesses.
Marcus drills down into the details here. Listen carefully as he uses shorthand.
By the way, he’s a true rags-to-riches story having started life in an orphanage in Lebanon. He moved to the USA at age 12.
This is what this site is all about.
Click for video:
Here are a few additional articles on Marcus Lemonis
From the NY Times: A Savior Taking the Reins
On ‘The Profit,’ Marcus Lemonis Rescues Small Businesses
What Gordon Ramsay is to floundering restaurants, what Tabatha Coffey is to hair salons on the fritz — that’s what Marcus Lemonis aspires to be for any number of small businesses. Mr. Lemonis is the chairman and chief executive of Camping World, but also a jack-of-all-enterprises, spotting and stomping out inefficiencies in pursuit of profit.
Profit that Mr. Lemonis shares, naturally. “The Profit” is an extension of reality television’s long-running charitable impulse, but like the cheery moguls on ABC’s “Shark Tank,” Mr. Lemonis has skin in the game. He writes checks and takes temporary control, makes significant changes, then hopes his new partners can make him money.
His practices are politely predatory, feasting on small businesses that don’t have the resources to advance or to save themselves from eventual collapse. In the first two episodes, there’s an additional twist: the companies are run by the founders’ children, who are finding it hard to continue their parents’ legacies. These are enterprises ripe for takeover, and owners looking to fill an authority vacuum. (source)
There’s a New Reality Series About Fixing up Troubled Companies
Tonight CNBC premieres a new reality show about a tycoon who fixes other people’s companies. It’s called The Profit and features Marcus Lemonis the CEO of conglomerate Camping World.
Marcus Lemonis Rescues Small Businesses in “The Profit
What compelled you to be on this show?
I’ve spent my life buying small businesses, and it really made sense to find more deals or teach people how easy or hard it is, in some cases. There are a lot of shows out there, so we wanted to create a different platform for entrepreneurs who are just getting started or small business owners who need a little push. (Read the article)
$35 Billion Gone.
Ouch, that’s gotta hurt.
Eike Batista the Brazilian tycoon who announced that he would become the world’s richest man by around now has lost 99% of his fortune. This is a record breaking drop in wealth.
However, according to estimates he is still worth about $200 million. I suppose that you could survive on that if you cut back on the Starbucks visits.
“His loss of credibility is explained by not delivering on the results promised when he listed his companies,” Elad Revi, an investment analyst at Spinelli SA, said by telephone today from Sao Paulo. “There was a chain reaction: he lost credibility in one, then he lost it in all of them.”
You can watch the Bloomberg crew discuss Batista’s downfall here.
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