This article will highlight the top 10 International Businessman that has achieved success in business for positive or negative reasons.
The supreme power of the chief executive officer is to establish the strategies that will run organizations in the competitive international business environment. The United States has 238,940 Chief Executive Officers. Some CEOs use their power for good to build powerful corporate brands and sell high-selling products. Others let their money and control slip away while engaging in selfish or devious business practices. Over 23 percent of Fortune 500 company’s executives were fired in 2013. Many CEOs find themselves in the news due to scandals, schemes, and lawsuits. This article will highlight 10 (In),(Famous) CEOs in International Business that have achieved notoriety for positive or negative reasons.
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Donald Trump, the 2016 Republican presidential candidate in America, is perhaps the most famous CEO who sits upon a $4.5 billion empire. Trump received his economics degree at the University of Pennsylvania in 1968. He took over his father’s construction business and renamed the Trump Organization seven years later. Trump is known for his pompous demeanor. He has closed numerous multi-million-dollar real estate transactions for casinos and hotels, including the Plaza Hotel in NYC. Trump declared bankruptcy four times, despite massive loan payments. Trump University was a for-profit that he created to avoid the IRS. He was also sued for misleading practices. After making offensive comments about Mexican immigrants, Donald Trump lost his NBC show, “The Apprentice.” He’s now running for president.
Mark Zuckerberg, the young CEO of Facebook, is worth $51.2 million. Zuckerberg was born in White Plains, New York, and studied computer science at Harvard University. He is one of the best international businessman, He launched Facebook in 2004 from his dorm room to help people connect. Three seniors sued Zuckerberg, alleging that he stole their HarvardConnection idea. The settlement of $300 million gave the men 1.2 million Facebook shares. Mark Zuckerberg left Harvard in order to join the company full-time. Facebook had reached 1 million users within a year and now has over 1.65 billion users. The award-winning film “The Social Network,” which depicts Zuckerberg’s achievements, has so much veiled information that many question the true purpose of the entire Facebook problem.
Bill Gates, the legendary CEO of Microsoft until 2014, is perhaps the most well-known software guru in the world. Gates was born in Seattle and exhibited the programming skills as well as business acumen necessary for high-tech innovation. He developed his first software, “Traf-o-Data,” with Paul Allen, a Lakeside School classmate. In 1975, Gates left Harvard University to start Micro-Soft with Allen. Although the initial 25-person firm was rocky, Bill Gates quickly expanded it, and the company grew to $2.5 million by 1979. Gates is often criticized for his role in the computer revolution. Over 35 patent infringement lawsuits have been brought against Microsoft. Bill Gates is still the world’s wealthiest person, with $76.6 billion in net worth.
Michael Bloomberg, the prominent CEO of Bloomberg L.P. (a privately-held financial software company), was ranked eighth in Forbes 400. Bloomberg is an international businessman, he was born in Boston and received a B.S. Johns Hopkins University in 1964 awarded Bloomberg a B.S. in Electrical Engineering. He earned his MBA at Harvard Business School two years later. Bloomberg started his career at Salomon Brothers, a Wall Street investment bank. Michael Bloomberg founded his own company using his $10 million severance pay. Merrill Lynch had already invested $30 million in the company by 1982. Bloomberg L.P. installed over 325,000 terminals around the world, even though he resigned as CEO. He also founded Bloomberg BusinessWeek magazine and Bloomberg Tradebook.
Mary Barra is a well-known female CEO in dominated male business. Forbes magazine named Barra fifth among the “World’s Most Powerful Women.” Barra studied electrical engineering at Kettering University and was awarded a General Motors Fellowship from Stanford in 1988. After becoming the manager of the Detroit assembly plant, she rose the ranks. Mary Barra rose to the rank of Vice President for Global Product Development in 2011, redesigning G.M.’s automobile platforms. In 2014, she took over the title of CEO after Dan Akerson retired. Barra was the first female CEO of an international automaker. However, her leadership has been criticized. Since her term began, G.M. has issued 84 recalls involving more than 30 million vehicles.
Warren Buffett, also known as the “Wizard of Omaha,” is a well-known business magnate and CEO of Berkshire Hathaway. Berkshire Hathaway is a multinational conglomerate. Buffett was born in Nebraska in the 1930s and started many entrepreneurial ventures, including paper routes and car detailing. He graduated from the University of Nebraska-Lincoln at the age of 19 with a BSBA. After being rejected by Harvard, Buffett entered Columbia University to pursue a Master of Science degree in Economics. From his initial work as a securities analyst at Graham-Newman Corp., he eventually formed Buffett Partnership Ltd. He became a millionaire in 1962 through his partnerships. Eight years later, Warren Buffett was named CEO of Berkshire Hathaway. Buffett bought companies such as Kraft Heinz, Dairy Queen, Geico, and Dairy Queen. Buffett is TIME’s most influential person, and his net worth is $66.4 billion.
Howard Schultz, is an international businessman. the CEO of Starbucks coffeehouse chain worldwide is a well-known name among coffee connoisseurs. Schultz was born into a poor Brooklyn family and attended Northern Michigan University as a college student for the first time. After receiving a B.A. in Communications, he graduated from the University of Michigan. After graduating with a B.A. in Communications, he was employed as a Xerox salesman. Howard Schultz was on a business trip in 1981 when he first visited Starbucks. A cup of coffee changed his life. As the Director of Marketing, he joined Starbucks and started expanding the company’s four stores. Starbucks has grown to 23,000 stores across 73 countries since Schultz was promoted to CEO in 2008. His creation of the Starbucks College Achievement Plan and Create Jobs for USA initiatives are highly praised. Fortune named Schultz “Businessperson of Year” in 2011.
Frederick W. Smith
Frederick W. Smith, the famed founder and CEO of FedEx, is $14.9 billion in equity. Smith was born to a widowed mother in Marks (Mississippi) and was later crippled by bone disease. In 1962, Smith entered Yale University after he had regained his health. Smith, who was taking economics classes, wrote a business plan to start an overnight delivery service. He received a “C” in his category. Frederick W. Smith went on to make his paper a success after three years of service in the U.S. Marine Corps. Federal Express was founded by a determined entrepreneur who raised $91 million in venture capital. The company began delivering small packages to 25 cities by 1973. Smith has expanded the service internationally with more than 300,000 employees. Fortune ranked Smith 26th in its “World’s Greatest Leaders” list.
Martin Shkreli (33 years old), the co-founder of Turing Pharmaceuticals, is one of today’s most hated CEOs. Shkreli was born in Brooklyn’s working-class and earned a bachelor’s degree in business administration at CUNY Baruch College. Shkreli began his career at Cramer, Berkowitz & Co. He was a hedge fund analyst. The SEC began investigating Shkreli almost immediately after he predicted that Regeneron Pharmaceuticals’ stock was going to fall. In 2011, he founded Retrophin, but he left four years later to start Turing Pharmaceuticals. Martin Shkreli is known for driving the Daraprim price up by 5,556 percent to $750 per tablet. Shkreli is in serious trouble with the FBI, even though the price remains. He was charged with securities fraud in December 2015 for operating a Ponzi scheme using Retrophin.
Jeffrey Bezos, the CEO of Amazon.com and the world’s most successful eCommerce entrepreneur, is worth $63.3 billion. Bezos was a National Merit Scholar and attended Princeton University to get a dual B.S. In 1986, he received dual B.S. degrees in engineering and in computer science. Although he was offered a job at a Wall Street hedge fund, he wanted to get involved in the growing Internet trend. Jeffrey Bezos had already set up Amazon.com in his garage by 1994. Fast forward to 2015, and Amazon has generated over $100 billion in revenues. Bezos also founded Blue Origin, a human spaceflight business, and purchased “The Washington Post.” In 2014, the ITUC named him the World’s Worst Boss. Jeffrey Bezos is also linked to tax avoidance and differential pricing.