James Dondero Now a Southern Methodist University Cox School of Business

Highland Capital Management, L.P co-founder and president, James Dondero, is now part of the SMU (Southern Methodist University) Cox School of Business board. His appointment is a reward to his Dallas-based company’s dedication to making SMU a better business school to upcoming entrepreneurs.Speaking about the nomination, Dondero admitted that SMU is vital to the buzz in Dallas, a buzz that is the very reason why Highland Capital Management, L.P has grown to become so successful. To him, it is a great privilege to finally be part of something that fuels the growth of so many businesses and individuals in Dallas.

James Dondero will join an executive board of about 100 appointees, a great deal of whom are non-academics who offer valuable strategic advice to the SMU Cox School of Business. He will now be part of the boards traditional winter, spring and fall meetings.Apart from just being the president over at Higland, Dondero is also the chair of CCS Medical, NexBank, NexPoint Residential trust and Cornerstone Healthcare. His position as a board member won’t be new responsibility since he has some experience from being part of the MGM Studios and Jernigan Capital board.

About SMU Cox School of Business

The Cox School of Business has been around since 1928 and is one of the most reputable business learning institution in the region. The school offers a wide range of business oriented programs to both graduates and undergraduates from across the globe.

Highland Capital Management, L.P.

Highland Capital Management is an asset management company founded by James Dondero and Mark Okada back in 1993. This SEC-registered investment tutor has over $16 billion worth of assets under its care. Highland offers its clients credit and investment strategies with its fortes including lucrative investment options like hedge funds, long only funds and special-situation private equity. You can also follow him on twitter  : https://twitter.com/jamesdondero?lang=en

 

Dick DeVos is Making A Difference in The World

Betsy DeVos provides insight into her thoughts and ideas concerning philanthropy through an interview with Philanthropy Roundtable. The basis of the interview revolves around Mrs. DeVos thoughts and opinions regarding her personal viewpoint on education.

 

More specifically Mrs. DeVos thoughts on private and public school vouchers, the choice to send children to a specific school for education, overall education reform, home schooling, and charter schools. Through her responses during the interview Betsy DeVos provides a glimpse into her passion to help people.

 

I believe that Betsy DeVos is a good person trying to make a difference in the world through establishing charities, providing help through other charities, and helping people on an individual or group basis. She has a particular passion for education and children. This is an admirable. Mrs. DeVos and her husband have the financial resources and influence to help impact change. They have helped many people who need assistance and also they are trying to help make changes at the legislative level where laws are drafted and passed.

 

Betsy DeVos husband is Dick DeVos. Mr. DeVos is a generous man that has spent most of his adult life trying to initiate change. Mr. DeVos has held several executive positions in his lifetime. He has held several key executive positions at Amway. In addition, he has been the president and CEO of the NBA’s Orlando Magic, and he is the president of The Windquest Group.

 

As a businessman, Dick DeVos has been very successful and has accomplished many things. However, I believe that his biggest impact has been in the area of community initiatives. Mr. DeVos has been the leader in several initiatives such as the Education Freedom Fund, which provides scholarships to underprivileged children in Michigan, the West Michigan Aviation Academy, which is a high school, and he has served on the State Board of Education in Michigan.

 

Also, Mr. DeVos has helped lead numerous Grand Rapids downtown revitalization and regional health care improvement projects that include a downtown arena, a convention center, a heart hospital, a medical school, and a downtown market.

 

Dick DeVos  is making a difference in many ways through his community initiatives and charities. One person cannot change a situation or make a difference alone. However, Dick DeVos demonstrates through his own personal efforts that one person can make a difference in the lives of others.

KCRW Interviews Andy Wirth of Olympic Valley

The news right now is full of coverage on the terrible wildfires burning around Los Angeles because it’s now so hot and dry there. Depressed about the forests and homes burning up, I wondered about the drought there.

Did it affect California in other ways? I ran across the Please Play with Madeleine Brand Show on KCRW, a radio station in California, where she interviews Andy Wirth, the CEO of Squaw Valley Ski Holdings. He owns the top two ski resorts in Olympic Valley (where the 1960 Winter Olympics were held), Squaw Valley and Alpine Meadows. They’re near Lake Tahoe. He knows the ski industry in that area better than anyone else. Click the following to read more: Andy Wirth Elected Chairman of Reno-Tahoe Regional Air Service Corporation and Andy Wirth – Squaw Valley CEO and Philanthropist

In California, the winter of 2015-2016 was one of the driest on record. Wirth acknowledged it was a tough winter, with ski visitation down 20 percent from last year. However, Wirth said the company has a strong capital structure and will survive even if such dry winters became the norm.

Squaw Valley is profitable, although not as profitable as it would have been given a normal amount of snow. They are positioned to survive such variations in the weather. The key is to be ready to take advantge of advantageous situations when they occur.

He said he himself got in a lot of great skiing during the past winter. They have become really good at making snow and managing the snow that does fall. Learn more about Andy Wirth: www.kcrw.com/people/andy-wirth and tahoetopia.com/news/interview-squaw-valley-ceo-andy-wirth

He has researched what the weather is going to be like in the future, and referenced the Stanford Report, which predicts an increase in the volatility of weather. Therefore, he plans to invest more in making snow.

The interviewer, Madeleine Brand, brought up the viewpoint of Colorado ski resort owners than within 20 years, the climate will be much warmer. There will not be any ski seasons in the United States. Andy Wirth didn’t try to predict weather so far into the future, but agrees they all need to hedge their business models in both summer and winter. Wirth is promoting summer business at his resorts, and is almost sold out.

Andy Wirth has worked in the hotel and resort industry for 30 years, beginning with Steamboat Springs Resort. In 2010 he left Steamboat to take over Squaw Valley from its former president, Nancy Cushing. At that time, Squaw Valley Holdings owned only the Squaw Valley resort. However, Alpine Meadows is its nearest neighbor. In 2011, they merged.

It sounds to me as though Olympic Valley is in the hands of a smart businessperson determined to succeed no matter what happens.