Louis Chenevert, Chairman And CEO Of UTC Increased Profits And Improved Production At Every Job He Landed

Even at a young age, Louis Chenevert was well aware that achieving success was not a magic trick, or only for the ‘lucky’. Success is gained by applying hard work and dedication to the cause. Entrepreneurship was the driving force behind his hard work, he knew even as an adolescent that this was the career path of his dreams.

Born in 1958 in the Canadian Province of Montréal, Québec he was raised by parents who could be considered a traditional, ordinary family. After graduating high school, Louis Chenevert attended The University of Montréal; Specifically the Montréal HEC Business School. He developed a particular interest in Production Management and obtained a degree in that field. Production Management ensures the quality, speed of production, and lowest cost are implemented with the focus on profitability.

 

Putting his degree to good use began by first landing a job on the assembly line at General Motors in Quebec, and embracing the early enlightenment he developed of hard work equals success. Rising to corporate positions within General Motors was no exception. He exemplified the principles of dedication and determination and found himself rising through the ranks in the massive corporation. Eventually he proudly accepted the position of executive at General Motors, keeping the company’s overall goals as the essence of his career.

After 14 years of employment at General Motors, Louis Chenevert was ready to expand his professional horizons and was inspired by a coworker to pursue a career in aerospace technologies. Intrigued by the prospect, he impressed the team at Pratt & Whitney Canada (PWC) and was offered a position in 1993. Due to his success in increasing profits, and implementing some of the assembly line experience he learned at GM he effectively took the company from producing a jet engine from a two-year process, to only 10 months. In 1996, he was chosen to succeed the vice president of the larger sister company, P&W in The United States.

UTC, the Parent Company of both PWC and P&W called upon Louis Chenevert to join their team, where he was soon appointed the position of Chairman. Landing a contract with the US Navy worth hundreds of millions of dollars, negotiating the acquisition of BF Goodrich, increasing productivity within the corporation, and streamlining efficacy are only a few of his remarkable achievements.

Key Points from Shervin Pishevar’s 21-hour Tweet Storm

In February this year, Shervin Pishevar broke his Twitter silence, and he did so in a unique way. Before that, Shervin’s last post was on December 14, last year when he announced his resignation from Sherpa Capital in the wake of sexual harassment allegations. The twitter storm was long and detailed. It covered a wide range of topics including the US stock market, Silicon Valley, inflation, and immigration.

Looming financial storm

Shervin Pishevar began his Twitter rant by talking of a looming financial storm. The US stock market was turbulent at the beginning of February. Shervin argus that the turbulence will continue in the following few months. He predicts that the stock market will drop more than 6, 000 points in 2018.

What are the causes of the looming financial storm? Shervin Pishevar listed several factors that he believes are to blame for the crisis. These factors include tax giveaways, discrepancies in credit accounts, and increasing interest rates. He also predicts that in the fullness of time, investors will realize that all classes of assets are overvalued.

The effectiveness of government bonds

In the past, central banks have used bonds to recorrect the market through quantitative easing. Shervin Pishevar claims that that strategy will not work this time around. He asserts that the approach has been too overused to be effective.

The Silicon Valley

Regarding the Silicon Valley, Shervin notes that America has lost exclusivity. He maintains that America no longer has the monopoly of talent, ideas, and entrepreneurial spirit. Technological innovation is now flourishing globally. Shervin treats this as a bad signal for the short-term economic growth of the USA.

The Big Five Unicorns

Shervin terms Amazon, Apple, Microsoft, Alphabet, and Google as monopolies. He warns that the growing trend of these companies buying out startups will eventually fail the economy. He criticizes the American system for turning a blind eye to the activities of the big five companies.

About Shervin Pishevar

Shervin Pishevar’s 21-hour tweet storm may be full of pessimistic predictions, but his vast experience in finance and investments is a reason why every investor should take his signals seriously. Shervin is an entrepreneur, super angel investor, and venture capitalist. He is a co-founder and former managing director of Sherpa capital. The venture capital fund has invested in notable companies such as Uber and Airbnb.

www.shervin.com/