Randal Nardone is one of the most respected people in the financial industry after helping his company, Fortress Investment Group to establish itself in the market. The business analyst, who has worked for commercial organizations in the past did not only enable his company to grow, but he made it be one of the largest wealth managers in the industry regarding the number of customers it serves and the wealth it manages.
Recently, Randal had to deal with one of the most critical decision since he established the company. Fortress Three Top Executives Split $44 Million Bonuses In 2015. He had received a bid from a Japanese investor, Soft Bank to sell the company, which was a serious issue to consider. The stories were all over the market with various individuals highlighting how it would be a mistake to accept a bid from a foreign company while others are saying that selling the company was an excellent opportunity to harvest what he has invested for more than thirty years.
Randal went ahead to accept a takeover bid from the company which means that the ownership of the company is already on the transfer process. Although many people have criticized the move, they do not have the actual details concerning the takeover bid. It has been said that Randal Nardone and other members of the executive group will remain at the helm of the operations at Fortress Investment Group. This means that Randal will still be in a position to influence the activities at the company despite selling it.
Fortress Investment Group will also get an opportunity to expand into the Asian market through its Japanese owners who might have a clear strategy on how to operate in the region. The company will get another market where it will be selling its products and services in an area which has not been dominated by asset managers.
Randal Nardone proved his leadership skills recently when Fortress Investment Group was acquired by the Japanese company, SoftBank. This transaction brought about a very heated debate on whether the existence and survival of the company were at risk. Many leaders of the organization remained silent about the issue, an aspect that led to a lot of speculation by the investors and the other stakeholders of the organization. However, Randal Nardone boldly went out to the media to explain to the interested parties about the acquisition so that they could understand its essence from the company’s perspective.