Business success is something that is worth discussing. When you make it in the investment world, you become an icon in the society because others have tried and failed. Louis Chenevert is among the people who have been able to hack into the hardships of the corporate world and emerged successful. He is currently working on a part-time basis as an advisor at the Goldman Sachs. He is also using the time away from the busy corporate world to pursue his interests and spend time with his family.
Louis Chenevert has been successful in elevating the status of more than 50 businesses. He is known for the change he brought in the United Technologies Corporation as their CEO. It is interesting to note that the success he acquired in the eight years that led to his fame, was built for over a decade in other firms that he worked for before UTC.
Guy Hachey the person who employed Louis Chenevert at General Motors describes him as the best executive he has ever worked with in his career. Hachey was a year before Chenevert. The two had one thing in common: they were focused on improving the company and earning the senior positions in the company. Hachey says that he promoted Louis every time he got a promotion. The two investment titans are still friends.
Louis Chenevert got a chance to work with Pratt & Whitney in 1993. This is where he saw the GTF engine. Chenevert carried forward his enthusiasm from the General Motors to the firm. The unit he had been assigned showed major improvements, and he got the president seat six years later. The UTC Company offered him the CEO seat after seeing the difference he was making in Pratt & Whitney, which was their subsidiary.
Louis Chenevert made a huge difference in UTC that people celebrate every day. What they don’t emphasize is that his success was gradual. It was based on diligence and patience.
As an investor understand that what you are doing now is what will determine who you become. You have to do something, to make progress.