President Barack Obama’s second-largest fundraiser owns a large stake in America’s number one outsourcer.
John Rogers, CEO of investment giant Ariel Capital Management, has raised more than $1.5 million for Obama’s reelection campaign. Rogers’s firm also owns a $48.6 million stake in Accenture, the nation’s “best” outsourcer, according to the International Association of Outsourcing Professionals.
Rogers is now looking to break new ground in the world of outsourcing, in order to enhance his company’s $21 billion portfolio. In an interview with Forbes, Rogers expressed his desire to blaze the trail from moving call centers and factories overseas to outsourcing “day-to-day activities” including pest control, landscaping, and secretarial functions.
“We’re making a very big bet right now on outsourcing,” he said. “People have generally soured on the idea, and many companies are trading at discounts to their private-market values. But we don’t think that view accurately reflects the powerful secular growth we’re going to see as companies and individuals outsource more of their day-to-day activities.”
Rogers comes from Obama’s adopted hometown of Chicago, where the two families enjoyed a close relationship. His ex-wife Desiree left a $350,000 per year job at Allstate Insurance Company to serve as White House party planner.
Outsourcing has taken center stage on the campaign trail after Obama blasted Republican nominee Mitt Romney as an “outsourcer in chief” for Bain Capital’s investments in companies that moved jobs overseas.
Read more: http://freebeacon.com/outsourcer-in-chief/
John Rogers, CEO of investment giant Ariel Capital Management, has raised more than $1.5 million for Obama’s reelection campaign. Rogers’s firm also owns a $48.6 million stake in Accenture, the nation’s “best” outsourcer, according to the International Association of Outsourcing Professionals.
Rogers is now looking to break new ground in the world of outsourcing, in order to enhance his company’s $21 billion portfolio. In an interview with Forbes, Rogers expressed his desire to blaze the trail from moving call centers and factories overseas to outsourcing “day-to-day activities” including pest control, landscaping, and secretarial functions.
“We’re making a very big bet right now on outsourcing,” he said. “People have generally soured on the idea, and many companies are trading at discounts to their private-market values. But we don’t think that view accurately reflects the powerful secular growth we’re going to see as companies and individuals outsource more of their day-to-day activities.”
Rogers comes from Obama’s adopted hometown of Chicago, where the two families enjoyed a close relationship. His ex-wife Desiree left a $350,000 per year job at Allstate Insurance Company to serve as White House party planner.
Outsourcing has taken center stage on the campaign trail after Obama blasted Republican nominee Mitt Romney as an “outsourcer in chief” for Bain Capital’s investments in companies that moved jobs overseas.
Read more: http://freebeacon.com/outsourcer-in-chief/
No comments:
Post a Comment