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By Frank Savage
BInspiring classes on enterprise and existence from Frank Savage/b Frank Savage's is an not likely good fortune tale. Raised in segregated Washington, DC, through his mom, a hairdresser and entrepreneur with little formal schooling, Savage's occupation has taken him around the globe as a globetrotting financier. From his first banking task at Citibank to his present place as Chairman Emeritus of Howard collage, iThe Savage Way/i �Read more...
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Additional info for The Savage way : successfully navigating the waves of business and life
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But no, not Frank Savage. I was still absolutely confident that this situation would quickly pass and I could continue materializing my dreams: running the African fund and sailing Lolita around the world. But reality has a way of imposing itself. I was on the board of Qualcomm when Enron self-destructed. I had to resign from that board to comply with the Department of Labor Consent decree that forbade me, and all Enron board members, from serving on a board that oversaw an Employment Retirement Insurance Security Act or ERISA pension account, as was the case at Qualcomm.
Although this may sound strangely routine in the United States, where all mutual funds are required to do so, this was not the case in India, hence its promised transparency was a big issue, an asset on its own. Indian investors were excited at the prospect of investing in the Alliance fund and actually knowing the value of their investment on a daily basis. This was in stark contrast to the only existing mutual fund in India at that time, called UTI, which published the net asset value once a week.
What? ” was all I could manage. I was devastated. I felt terrible. He was a good friend and had created for me, in some important respects, a launching pad into some key markets around the world. When Ron got into his position at Commerce he was working very closely with the Clinton administration and he was bringing as many African Americans he could into the mix of power, influence, and business. He brought me in and I began to get very involved with the administration. Lolita and I were even able to spend a night in the White House during the early Clinton years there.