Dollar Back for Dollar Invested: Bruce Bent II

A dollar back for every dollar invested, plus a reasonable rate of return that was the concept behind the money market fund.  The people who went to a money market fund were those who wanted something safe to put their money into, like a bank, but with a better rate of return than simply having a savings account. Investors were looking for strong liquidity and stability are the main users of money market funds.

The way a Money Market Fund works is the fund buys up highly rated debt, such as government securities, and seeks to maintain a stable value of $1 per share. That is the main difference from other financial instruments. The portfolio needs to have a weighted average maturity of 60 days or less, and not invest more than 5 percent in anything but government securities and repurchase agreements. As a result, they are highly liquid and a very secure source of investment as they cannot suffer as badly from the risks of investing in private companies.

Bruce Bent II  is a financial guru who understands money market funds. He grew up in the financial world and later went on to have is own career has a great thinker, investor and financial expert. Bent II went to Northeastern University and graduated with his Bachelor’s in Philosophy. Now he is the vice chairman and president of Double Rock Corporation where he helps businesses like banks find creative and innovating cash-related solutions.

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Honey Birdette Lingerie Opens. Stores in the United Kingdom and Receives a Tremendous Reception to the Brand

Honey Birdette lingerie, founded by Elosie Monaghan, a Brisbane entrepreneur in 2006 and backed by a private investment company, BBRC, has 55 stores throughout Australia. They have now opened their first store outside of Australia in London. The Honey Birdette store in Convent Gardens was then followed by the opening of two more in Leeds Victoria Gate a Westfield White City areas.

The brand has plans to open ten more stores in the United Kingdom, which will include another one in Westfield Stratford, Leeds as well Newcastle and Liverpool. By the end next year their plans include opening 40 more stores in and around London by 2018.

They have now launched a dedicated United States e-commerce site. They initiated this e-Commerce site since they saw a 347% increase in online sales over a 12-month period. The new site will enhance the United States customers experience with the brand and they will offer free delivery on orders that are over $50.00. They are instituting an extended product range and easier returns if it is necessary.

The prices for their lingerie which is a premium label brand, are about £60 for their bras and £35 for the briefs or knickers as they are called in England.

Honey Birdette Lingerie can be found by going to their Facebook page, or on Pinterest, Twitter, and Instagram. They cover or will in the future cover the regions of the United States and Canada, the United Kingdom and Europe as well as their home base of Australia and New Zeeland.

They carry a line of exclusive romantic lacy bras and lace up corsets with a curated collection of knickers, and offer online gift vouchers.

The reception that they received in the Convent Gardens store was strong and they opened the stores in Leeds with the confidence that those stores would get the same enthusiastic reception

Why Anthony Petrello Is A Distinguished Business Executive

Anthony Petrello is popularly known as the chief executive officer, president and chairperson of the board of Nabors Industries Ltd. Nabors prides itself as one of the largest global natural gas, oil and geothermal drilling company or contractor working on land in all of Middle East, the Americas, Africa and the Far East. Additionally, the company enjoys a reputation for providing rigs meant for offshore oil operations and onshore well-servicing, specifically in the USA.

Work and Education Background

Before becoming part of Nabors, Anthony Petrello practiced law at the Baker & McKenzie law firm. At the firm, his work was mainly focused on various legal fields such as taxation, international arbitration and general corporate law. Academic-wise, Petrello is an accomplished alumnus of Harvard Law School where he earned his JD degree. He also has a B.S and an MS in mathematics from the prestigious Yale University.

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Total Compensation as of 2015

Being the chairperson of the board, CEO and president of Nabors industries, Petrello takes home a handsome compensation package. In fact, the proxy statement filed for Nabors’ 2015 fiscal year place the total package at $27,512,939. About $1,580,077 of the total package was the salary, $7,727,000 was the total bonus, $16,863,656 was the stock and $1,342,206 represented other types of compensation.

Board Memberships

Apart from being the chairperson of the board of Nabors, Anthony Petrello is a member of various boards such as the Texas Children’s Hospital. He is also an acclaimed advocate for clinical and research programs that are aimed at catering to the needs of children suffering from neurological disorders.