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jacques nasser net worth

[5] Nasser funds several scholarship programs[6] that assist individual students. [31] In July 2001, Nasser announced that the system was being changed[32] to "allow for more flexibility. The Board looks forward to Jac leading the Group as Chairman." The Cable Network Programming segment consists of the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators and telecommunication companies and online multi-channel video programming distributors. [4] Also that year Nasser[7] was awarded the Order of Australia and a Centenary Medal for "his contribution to Australian industry, as an Advisor to Government, and for education in the areas of technology. [3][third-party source needed] He also has been known to support organizations such as Focus: HOPE, a training center in Detroit. The company was founded on May 3, 2018 and is headquartered in New York, NY. [22] To reinvigorate certain brand lines, Nasser brought in car designer J Mays. "[13] On 1 January 1999,[16] Nasser became president and CEO, as well as a member of the board of directors, of Ford Motor Company in Dearborn, Michigan. Its finance business provides various banking and financial products and services that include private banking, mutual funds, leasing, and credit cards under the Koçfinans, Yapi Kredi Bankasi, Yapi Kredi Faktoring, Yapi Kredi Leasing, Yapi Kredi Kültür Sanat Yayincilik, Yapi Kredi Portföy Yönetimi, Yapi Kredi Yatirim, Yapi Kredi Koray, and Yapi Kredi Bankasi brand names. [14] In 1973 he joined Ford's global financial staff and transferred to Ford's North American Truck Operations in the United States. In 1987, he became vice president for Autolatina, a joint venture between Ford and Volkswagen in Brazil and Argentina. [2] A member of both the National Order of the Cedar[3] in Lebanon[4] and the Order of Australia,[3] Nasser was also awarded the Ellis Island Medal of Honor,[3] which pays homage to contributions made to America by immigrants. [36] The Wall Street Journal claimed that "analysts welcomed the appointment," and that Nasser had possibly been selected because BHP was "looking for the stability of another long-term chairman. He has a sister named Betty.[47]. On average, Fox executives and independent directors trade stock every 50 days with the average trade being worth of $10,631,844. [19] Ford of North America began marketing the Ford Focus in October 1999 for the 2000 model year as a surprise Christmas present for Nasser, with some changes from the European version. [3] He attended Northcote High School. [11] He owns a 1961 Lincoln Continental. [9] Nasser's first professional experience was at Ford of Australia as a student intern. Mr. Nasser is the Lead Independent Director and serves as Chair of the Compensation Committee and a member of the Audit Committee. He later joined Ford's International Automotive Operations. [5], Nasser funds several scholarship programs[6] that assist individual students, including the Jacques Nasser Scholarship in Entrepreneurship at RMIT University in Melbourne, the Jacques Nasser Scholarship for MBA students at the American University of Beirut, and the Jacques Nasser Scholarship at the INSEAD School of Business. [2] Nasser also focused on maintaining the company's long-term financial goals, working to keep the balance sheet stable during a global downturn in the metals and oil markets, and revising the company's progressive annual dividend policy,[38] which The Australian Financial Review dubbed strategic for the "new era. [13], Nasser promptly instituted a number of changes as CEO, closing plants that were losing money and selling unprofitable operations. Smile, Jac Nasser’s Polaroid pay day. "[13] On 1 January 1999,[16] Nasser became president and CEO, as well as a member of the board of directors, of Ford Motor Company in Dearborn, Michigan. Staff members recall Wetlaufer telling tales about recently separated Ford CEO Jacques Nasser, for example, including the time she accompanied him to … "[19] Also, by late 1999 Nasser was working to sell the underperforming in-house parts company, Visteon. Jacques Albert Nasser is Lead Independent Director of the Company. Nasser has slashed over $4 billion in costs in the past 18 months... and this fall he will show a further 10% of Ford's 53,000 salaried staff the door. The most recent stock trade was executed by Viet D Dinh on 14 September 2020, trading 70,000 units of FOX stock currently worth $2,009,700. [13] The projected high-profile appointment met with a great deal of attention in the press, and largely positive reactions. 6 on a list of the "most powerful people in Australian boardrooms. [1] He became a board member at 21st Century Fox in June 2013. The company added that the decision to appoint Nasser was agreed by the Board following an 18 month selection process. Mr. Nasser is the Lead Independent Director and serves as Chair of the Compensation Committee and a member of the Audit Committee. The most recent stock trade was executed by Viet D Dinh on 14 September 2020, trading 70,000 units of FOX stock currently worth $2,009,700. There are 5 executives at Fox getting paid more, with Rupert Murdoch having the highest compensation of $42,156,100. Nasser also has a flair for car design and has reinvigorated Ford's overseas operations. He served as a Director of BHP Billiton Limited and BHP Billiton Plc from 2006 to 2017 and the Chairman of each from 2010 to 2017. Mr. Nasser also served on the International Advisory Board of Allianz from 2001 to 2017 and as a Director of Sky plc from 2002 to 2012.. As the Lead Independent Director of Fox, the total compensation of Jacques Nasser at Fox is $241,925. The company was founded on May 3, 2018 and is headquartered in New York, NY. [17] Nasser was on the board of British Sky Broadcasting from November 2002 to November 2012[17] and he served on the board of BuyTV.com. [12] Bloomberg Businessweek described Nasser in late 1998 as a "scrappy, hard-nosed cost-cutter who is widely credited with Ford's turnaround." [26] Ford's profits in 1999 were US$6.5 billion ($A9.94 billion), which Drive.com claims was the largest "ever made in the world car industry. The magazine further opined that since becoming Ford's automotive president in October 1996, "the blunt-talking Australian has transformed Ford from struggling with the worst profit margins in the business to scoring record earnings last year - surpassing General Motors. Nasser again denied that Ford had responsibility in the accidents, with Ono admitting some fault. Known for a management career at Ford Motor Company spanning several decades and continents, from 1999 to 2001 he served as Ford's CEO and president. "[23][24][25], He diversified Ford's businesses to include e-commerce, junkyards, auto-repair shops,[18] and car distribution among others. [2] After the deadly Bento Rodrigues dam disaster in Brazil on 5 November 2015,[40] Nasser announced that BHP would be permitting an external investigation into the incident, with findings to be released publicly.

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