Betsy DeVos: Her All Round Efforts to improve Education and her Political Contributions

Betsy DeVos is the current and 11th U.S.A Secretary of Education, a businesswoman, activist, and mother. She is married to Dick DeVos who is the former Chief Executive Officer of Amway Company and son of a billionaire and Amway co-founder Richard DeVos. Betsy and Dick DeVos have four children and five grandchildren. She was born into a family of conservative humanitarians and her father Edgar Prince is the founder of the Prince Corporation while her brother Erick Prince, a former United States Navy Seal, is the founder of Blackwater USA. Betsy attended Holland Christian High School and later on graduated from Calvin College where she received a BA in Business Economics. Betsy was brought up in a Christian home and was a member of the Christina Reformed Church in North America. She is currently a member and elder of Mars Hill Bible Church in Grand Rapids, Michigan.

 

Betsy DeVos currently served as president of Windquest Group, which was founded in 1989. The group is a privately held and invests in technology, manufacturing, and clean energy. Besty has been on several boards for business, nonprofit and political administrations including a foundation that she set up with her husband. The Dick and Betsy DeVos Foundation was set up in 1989 and is aimed at promoting change in areas such as education.

 

Betsy’s mother, Elsa Broekhuizen, who was a public school teacher, sparked Betsy’s attentiveness in education. As she grew older and eventually sent her own children to school, Betsy was met by the harsh reality that not all children have equal chances to learn. She became involved in efforts to increase educational opportunities for students and options for parents. She worked as a school mentor for unprotected children in Michigan Public Schools for 15 years. As the U.S Secretary of Education, Betsy is determined to ensure she puts in place policies that provide quality education for all students.

 

She has been a participant of the Michigan Republican party since 1982 and has held several positions in the party since then. Between the years of 1992 and 1997, she worked as the National Committeewoman for Michigan. Between 1996 and 2000 she worked as the Chair of the Michigan Republican Party. The DeVos family was very involved in the re-election campaign of former president George W. Bush in 2004. During his time in office, Betsy served as Finance Chairman of the National Republican Senatorial Committee for two years.

 

Having being raised in a philanthropic home, Betsy has continued giving as she pursues reform. Apart from chairing The Dick and Betsy DeVos Foundation, she is an active member of several national and local boards. Some of these boards include Mars Hill Bible School, Kids Hope USA, and The DeVos Institute for Arts at the Kennedy Centre and the Foundation for Excellence in Education. Betsy strives to ensure that all parents and children regardless of their zip code are presented with the best educational options. This will ensure that each and every child is able to reach their full potential.

 

For updates, follow Betsy DeVos on Facebook.

Jeremy Goldstein Warns Of Hidden Costs In Employee Compensation

When it comes to employee benefits and compensation, Jeremy knows his stuff. Not only has he established his own law firm in New York City called Jeremy L. Goldstein and Associates LLC, he has also served as a partner in a similar law firm. His now 15-year career speaks for itself. R

He has advised some of the world’s largest and most profitable companies on employee benefits and compensation packages. Goldstein has also provided counsel during some of the largest business transactions on earth such as the acquisition of Goodrich by United Technologies.

According to Crunchbase, Jeremy Goldstein has recently given out some free advice for companies looking to maximize their value. He says the company should look towards stock options as a form of compensation to employees. There are many benefits to this type of compensation for a company.

On paper, employee salaries look very manageable when they take stock options in lieu of extra income. This makes a company look very attractive to shareholders and investors. The employees tend to work very hard in order to maximize the value of their stock options, as well.

Stock options are usually the right choice because of the extra tax burden put on equity by the IRS. But, Jeremy Goldstein warns, companies should investigate how much stock options will cost in accounting.

BizJournals revealed that Jeremy Goldstein’s biggest piece of advice concerns a specific type of stock option that can be given to employees as a form of compensation.

This type of compensation is known as a knockout option. The knockout option removes the employee from her stock option compensation if the value of the company drops too low.

This removes the possibility that the employee will try to cash out stock options when the value of the company is low. It also serves as extra employee motivation.

Amazon May Be Paying Closer Attention to Kate Hudson’s Fabletics

Amazon has enjoyed being the top retailer in the fashion e-commerce market, not having to really worry about the thousands of other apparel sellers in this space. To this point, we only need to look at the fact Amazon is making around 20 percent of all the sales in this one market with an enormous amount of competition. Then all of a sudden you have to start paying a little more attention to Kate Hudson’s Fabletics because they have appeared to have broken away from that pack and are hot on the heals of Amazon. In only three short years, Kate Hudson’s Fabletics has already sold $250 million in women’s active-wear.

 

To get a better understanding as to how this particular athleisure brand is making such a big move in a niche dominated by Amazon, all you have to do is ask the boss herself. Hudson will tell you that she has to give credit to her rewards program for loyal Fabletics shoppers, and then her unique reverse showrooming sales technique. Looking at things as they happen, we go to the local mall and visit the Fabletics retail shops. Here you see women taking the lifestyle quiz, checking out all the latest in women’s active-wear, and trying on every piece of workout apparel inside the store. Even though many do not buy anything in the store, sales continue to escalate each year.

 

The reason that Kate Hudson’s Fabletics is enjoying this explosion in growth in the fashion e-commerce market comes down to one thing. Each time a women tries on a piece of workout apparel inside the retail stores, those pieces will be uploaded to their Fabletics online account. So what is happening now is these women will eventually wind up at the online store at their convenience, and when they don’t have to worry about sizes and the pieces they already know fit are already in the cart, they go impulse shopping.

 

The impulse shopping at Kate Hudson’s Fabletics is further complimented by perks like free online shipping, help from your won shopping assistant, and even huge discounts on clothing prices. The ease in which it is to shop online makes customers have less hurdles to jump during their online shopping experiences. Amazon should be paying close attention because many of their previous customers are now loyal Kate Hudson’s Fabletics customers who are enjoying every second of this pampering now.

Karl Heideck Looks Into The Case between Philadelphia And Wells Fargo Bank

The case between the city of Philadelphia and Wells Fargo Company has drawn a lot of attention. In a lawsuit that was filed on May 15th, the city alleges that the bank has been involved in several malpractices such as violating the Fair Housing Act of 1968 and using unfair means against minority mortgage borrowers. The allegations also note that the bank has been offering loans with higher interest rates to the black borrowers as compared to the whites. It is also alleged that the bank never allowed for the borrowers to refinance their mortgages. Therefore, the blacks got a high percentage rate in the mortgages that they had applied for from the bank.

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In an investigation carried out by the city of Philadelphia, it found out that the bank had been involved in the practice for a period of more than ten. That explains why the city pressed charges besides the malpractices. The practice that Wells Fargo was involved in is known as redlining. According to hackronym.com, it describes a situation where different banks have a red line to communities and societies that they do not want to give loans. When this is done due to sidelining communities, then it is illegal and unconstitutional. However, when it is done in a situation where the neighborhood is located in a place that is flooded, then it is not illegal. While this was the case, Wells Fargo on its part has come out strongly to deny the allegations by the city of Philadelphia. In fact, it released a statement saying that the accusation was uncalled for because the bank has been serving everyone equally for more than 100 years.

About Karl Heideck
Karl Heideck is one of the top lawyers in the city of Philadelphia and is known to be an experienced litigation attorney. Karl Heideck attended Swarthmore College where he received his Bachelor of Arts Degree. He, later on, joined E. Beasley School of Law in 2006 then graduated in 2009 and acquired his license in 2010. According to records, Karl Heideck has been practicing law for more than seven years now.

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