Former CCMP Capital CEO Stephen Murray has passed away, according to an article in the Wall Street Journal. The 52-year-old investment guru had taken a leave of absence in February for undisclosed medical reasons. The news has investors on pins and needles, according to an unnamed source.
“We are sad to announce the passing of our friend and colleague Stephen,” said interim CEO Greg Brenneman. “This is a huge blow to our company. We have sent our heartfelt condolences to his wife Tami and his children.”
Under Murray’s guidance, CCMP rose through the ranks to become one of most profitable investment companies in the world. The company’s portfolio is currently worth over $3 billion.
CCMP Capital has undergone a number of mergers and acquisitions over the years.
Murray, a Boston College graduate, joined the company in 1984 right out of college. Murray entered Hanover Manufacturers Corporation as a credit analyst. After a few years, he was named head of the credit department.
Hanover was soon bought by Chemical Bank Partners. The company then merged with Chemical Bank Partners. After the spinoff of JP Morgan Chase, CCMP Capital was born. In 2007, Murray was named CEO. One of Stephen Murray’s most impressive ventures was to outbid several larger investment houses for pharmaceutical giant Warner Chilcott.
“Stephen was a heck of a salesman,” said a former colleague. “I don’t know of anyone who exceeded him in talent.”
Murray was also known for his tremendous generosity. He sat on a number of boards including Aramak, The Vitamin Shoppe, AMC Entertainment and Quizno’s on wsj.com. He gives to the Make-A-Wish Foundation and the Food Bank of Lower Westchester County.
Colleagues say Stephen Murray left a tremendous legacy and very big shoes to fill. “He was a legend in this industry,” said Brenneman. “He will be sorely missed by all who knew him.”
The Bay Area based money manager; Hall Capital now manages an asset portfolio of $24 billion. The stellar growth the company has witnessed is attributed to a number of factors, including strong returns and staff diversity. According Mark Calvey of the San Francisco Business Times, the company CEO Kathryn Hall attributes the good run to the presence of people with diverse gender, education and backgrounds. Hall Capital was established in 1994 to manage money on behalf of distinguished entrepreneurial families residing in San Francisco’s Bay Area. One noticeable thing about the management hierarchy of Hall Capital is the presence of three high achieving women in leadership positions. The three women are Kathryn Hall, the Chief Investment Officer; Sarah Stein, the President and Helane Morrison, the company MD, General Counsel and Chief Compliance Officer.
Helane joined Hall Capital in 2009 from the Securities and Exchange Commission, where she served in a legal capacity. Before joining the SEC, Morrison worked as a reporter for a daily newspaper in Florida. Regarding her leadership philosophy, Hall Capital President, Sarah Stein is particularly enthralled by the idea of having women in the leadership of financial institutions. She qualifies this assumption by reinstating the fact that 50% of the world population is made up of women, the report by the San Francisco Business Times adds. Hall Capital is also reaping the benefits of having a diverse team of staff, thanks to its highly accommodative benefits package that includes maternity and paternity leaves and workplace flexibility. The workplace flexibility is designed to encourage staff members to have close communication and outside engagement with their families and acquaintances.
Prior to joining Hall Capital and Securities and Exchange Commission. Ms. Morrison practiced law at the reputable Howard, Rice, Nemerovski, Canady, Falk & Rabkin law practice in San Francisco between 1986 and 1996. She became a partner in 1991. According to HallCapital.com, Ms. Morrison’s areas of specialty included business litigation, SEC matters and defense of private securities. Take a deeper look into her work by browsing one of her former cases in the document below.
Ms Morrison also practiced law in two private practices for Hon. Richard A. Posner of the US Court of Appeals for the 7th Circuit and the Supreme Court Justice Harry A. Blackmun between 1984 and 1986. Ms Morrison is a board member of narious professional organizations, including the Hedge Fund Subcommittee of the American Bar Association and Regional Parks Foundation. She holds a BSc in Journalism and a Juris Doctor.
Bobbi Kristina has been in the hearts and prayers of people all over the world, ever since she was admitted to the hospital following an apparent overdose in her home 8 months ago. For what seems like forever, we have watched Bobby Brown grieve the inevitable loss of his daughter with Whitney Houston. Even while Bobby continued to perform pre scheduled gigs, it was more than obvious that he was struggling to cope with his daughter’s failing health. The Houston family went above and beyond in an attempt to keep save Bobbi Kristina, but doctors warned them that there was little left they could do.
Even if Bobbi was to remain on life support, she would remain brain dead and that would do nothing for her quality of life in Brad Reifler’s expert opinion. After months relying on faith, the Houston family has taken Bobbi Kristina off life support and medication, and is allowing her to pass on naturally in a hospice. Apparently not everyone had Bobbi Kristina’s best interest at heart, because an extended family member is currently trying to sell photos of Bobbi Kristina to magazines, news sites and tabloids.
The Houston and Brown families feel betrayed , and are doing all they can to find out who in their circle would do such a thing. Bobby Brown’s sister Leolah is so angry they she is insisting that everyone who has been allowed to visit Kristina’s side will be forced to take a lie detector test.