Shervin Pishevar is one of the country’s most accomplished entrepreneurs and venture capitalists. In what little free time he has, he also manages to run one of the most popular Twitter feeds in the world of tech, with nearly 100,000 followers. Recently, the inveterate tech leader engaged in a 21-hour tweet storm, in which he addressed topics ranging from the role of the Federal Reserve to the problems that the United States is facing in staying competitive.
One of the serious issues that Pishevar sees coming is the generally failing infrastructure of the United States and the bloated and incompetent bureaucracies that allow it to happen. Shervin Pishevar says that the United States has some of the highest tax rates in the world. Yet the country’s taxpayers seem to get very little for the outrageous sums that they are compelled to pay.
Shervin Pishevar says that crumbling U.S. infrastructure is leading to serious problems for the country’s competitiveness. He cites recent controversies over tariffs as an example of one of the outcomes that follows from having poor infrastructure and unnecessarily high transportation and manufacturing costs relative to other industrial powers. As one example, Shervin Pishevar points to the fact that China is currently able to manufacture steel far cheaper than companies in the United States. This, he says, is largely due to the simple fact that China has a more efficient raw-materials transport system and has lower labor costs.
The problem with things like this, says Pishevar, is that the fundamental problem is not the unfairness of free trade but that the United States simply is not competitive on a global level. He says that steel production is but one spoke in a massive wheel of bureaucratic incompetence and infrastructural decay, which will eventually lead the United States to become a second-tier player on the stage of global trade.
Pishevar believes that America’s lack of competitiveness in nearly every major industry will eventually lead to the decline of the U.S. dollar as countries realize that it is no longer the best reserve currency. He says that the likely end is America’s slide into a third world backwater.
It is little wonder that Louis Chenevert is considered a genius when it comes to running businesses. He has had a long line of success all the way from his college years to his retirement.
It was clear to his professors at HEC Montréal that he was a business prodigy that would certainly be capable of turning a good profit. Once he graduated, he began preparing for the role of the chief executive officer by training at General Motors. General Motors is well known as a training ground for future CEOs. He worked in the production line management sector by overseeing the Pontiac creation.
In 1993 he would begin working at Pratt & Whitney as chairman of the board and as the Vice President of the company. After six years, he would be promoted to president of Pratt & Whitney.
It was in 2006 that the United Technologies Corporation would hire him on a CEO and it was here that his legacy would begin. He led the United Technologies Corporation to increase its net worth to $63 billion. Forbes.com says that to do this the shares increase from $37 all the way to an hundred $17. He was able to acquire Pratt & Whitney his former company, Otis, and the nearest competitor Goodrich. This cost his company $16.3 billion alone.
He diversify their portfolio by focusing on relatively similar products. He changes Connecticut-based factories to be more concerned about climate and control and security. They became specialists in producing air-conditioning units, refrigerators, and portable heating.
He was also able to create aerospace systems unit that look at everything from aerostructures to actuators to landing gear and even system airplane breaks. He got the United Technologies Corporation to be more in line with environmental regulations going on in the United States of America and Canada as well.
He would secure multiple contracts with the governments of Canada and United States of America and Israel and produce their military aircraft for over the next decade. This substantial income truly raised United Technologies Corporation to the top tier company that it is today.