The iShares U. WSJ investing reporter Justin Baer explains how passive investing outpaced stock-picking rivals. 624. The backdrop will sound familiar to investors tracking the interaction that came into view this week between Bluebell Capital Partners, a small London-based activist hedge fund with $250 million. ”Phil Taub is Snr Associate:Investment at Staple Street Capital. Owens and Hootan Yaghoobzadeh, are veterans of The Carlyle Group and Cerberus Capital Management,. John Poulos, the CEO of. The. Four different pre-election valuations of Dominion in. Dominion Voting Systems is a separate company with different ownership, IE Staple Street Capital (76%) and John Poulos (12%). through their private equity venture Staple Street Capital. Claim: Blackrock owns Dominion Voting Systems sharesBlackRock has 45. Staple Street Capital | 802 followers on LinkedIn. BlackRock is a top-ten holding of State Street's Financial Sector ETF (XLF). BlackRock. Roy Rochlin/Getty Images. 2% owned by the New York-based private equity firm Staple Street Capital and. 613. Regions Greater New York Area, East Coast, Northeastern US. Bought 726. A Staple Street Capital portfolio company, Dominion was the victim of a disinformation campaign in which Fox News and other parties spread damaging lies about the Company. Private Equity Senior Associate at Staple Street Capital New York City Metropolitan Area. C. Staple Street Capital is a private equity firm founded in 2009 based in New York. 26, 2020 . Senator Warren and Representative Pocan, along with a number of their Democratic colleagues, introduced the Stop Wall Street Looting Act, a comprehensive bill to reform the private equity industry. position, ordered by largest to smallest position size. 26 Apr 2023 05:07:01Read on to learn how State Street Corp and BlackRock Inc compare based on key financial metrics to determine which better meets your investment needs. 5 million settlement. S. DJT asked about Tucker on Newsmax, Carlson at Heritage Foundation, Ray Epps on 60 Minutes, Blackrock Fox Now and Staple Street funded by CHINA?, 2020 was stolen and it isn't hidden, the truth about Susan Rice, Biden 2020 to Biden 2024, Hunter is 'honorable', Blinken and Intel community lied, God greater than Gov defines 'pervert' and. The firm seeks to invest in automotive, business services, chemicals, communications, media, technology, consumer & retail, distribution & logistics, energy, healthcare, industrial & manufacturing, and financial services sectors. “Biden’s sister. Ambassador to the EU and former chair of the FCC; Jon L. 25 Apr 2023 23:21:28Long-term Capital Market Expectations: Brighter Times Ahead (Franklin Templeton Investments) Franklin Templeton | 13 Dec 2022. 9/30/2023. ”A 2020 filing lists Dominion's registered agent as Florida-based Cogency Global. ’s. 27%) State Street Corporation (5. According to Dominion, 75. RT @Timestwo13: Babs, Dominion Energy is a utility company, NYSE symbol "D. had reported owning 62,250,574 shares, indicating a. (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F. We invest in companies that are seeking to pursue untapped market opportunities, enter or exit markets, make acquisitions,. See Steve Owens's compensation, career history, education, & memberships. L. Prior to founding BlackRock in 1988, Mr. Capital focusing on U. " , Statista Inc. Capital where he focused on U. If The Vanguard Group does make a profit, this money is returned to investors as dividends. GEODE. Hence, just three companies wield an enormous potential power over corporate America. 5 million. . BlackRock, on the other hand, is a publicly traded entity, so it prioritizes making money for its shareholders. Inflation is nowhere near on track to settle back at the Fed 2%. Hedge Fund Portfolio Manager Performance 23Q3 AUM # of Holdings Performance Rank Allocation ; BlackRock: BlackRock Inc-2. 1290 Avenue of the Americas Fl 10, New York City, New York, 10104, United States. Managing Director at Staple Street Capital. Paul Pelosi and House Speaker Nancy Pelosi in 2021. 5 million windfall after Fox Corp settled a defamation lawsuit brought by the voting machine operator. See Hootan Yaghoobzadeh's compensation, career history, education, & memberships. The amount is equivalent to 20 times the $38. Crowell founded Vance Street Capital, a private equity partnership, to acquire and grow California based, middle market companies in partnership with operating management. Benjamin Humphreys is Former Operating Partner at Staple Street Capital. Edit Jobs Section. 38. 14%) State Street Corporation (4. In a statement,. equities in the consumer. (8. Fox News settled Dominion's defamation lawsuit on Tuesday for $787. The company's share of the settlement with Fox. Over the last month, XLF has risen 5. Hub Name . , Ltd. Daniel Franklin Principal. C. 2 percent of Dominion. 5 Thousand shares of CISO Global Inc. Hootan Yaghoobzadeh is a Co-Founder and serves as Managing Director at Staple Street Capital. Previously, Stephen was a Managing Director at The Carlyle Group and also held positions at Dominion Voting Systems, RAC Acceptance. C. 40%. REGISTRATION STATUS. 52 WK: 5. 26 Apr 2023 02:38:05Biography. S. 2940(Reuters) - Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787. 28 (-0. 2 Top Inflow: Vanguard Total Stock Market ETF 1 Day NAV Change as of Nov 17, 2023 -0. 7% Discount to NAV: -15. Operational improvement stories. 30. Ukrainian President Volodymyr Zelenskyy and BlackRock CEO Larry Fink agreed to coordinate investment in rebuilding Ukraine, Kyiv announced Wednesday following a meeting between the two men. Staple Street Capital is a private equity firm that invests in market-leading businesses, where it can provide the strategic oversight, financial resources and access. Mr. Jeff is a Managing Director at Staple Street Capital. 9/30/2023. 5 million. BlackRock Inc. State Street Corporation (4. 6, three days after the presidential election. S. 208 South Akard Street Dallas Texas 75202 United States. 26 Apr 2023 04:44:40Thomas is a Vice President at Staple Street Capital. He also served as Board Member at Aaroma Holdings. Kevin Siedenburg is a Head of Business Development, Managing Director at Staple Street Capital based in New York City, New York. NEW YORK NY Private Equity Investment Advisor. Jobs. The receiver of the payment was Staple Street Capital, which previously bought Dominion Voting Systems in 2018. G. Our Capital Market Assumptions is an interactive chart that provides a visual representation of expected returns across various asset classes. Poulos, Dominion’s chief executive, retains a roughly 12 percent stake. 3-month fund flows is a metric that can be used to gauge the perceived popularity amongst investors of Energy relative to other sectors. middle market transactions. The co-founder of Staple Street is ALSO a… Show more . At H. Business Wire. “No @FannKfann Blackrock does not own Dominion. "Total Assets under Management (Aum) of State Street Corporation from 4th Quarter 2010 to 4th Quarter 2022 (in Trillion U. (9. Jack Eichner, a spokesperson for Dominion Voting Systems, also said the claim is baseless. This week’s settlement is. , representing 15. ($936. 1% of net sales. degree from Harvard Business. Photo: Getty. Staple Street Capital owns 75. Prior to Stonepeak, Steve held senior finance and accounting roles with Staple Street Capital, Apollo and Deloitte. Rashid Lattouf is a Managing Director at Staple Street Capital based in New York City, New York. A. Geode Capital Management : 752,985 shares, or 0. Prior to joining Staple Street Capital, Mr. 25 Apr 2023 22:19:54RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. ($867. The private equity firm, which currently manages some $900 million, bought a majority stake in the company for just $38. Mr. 49%: $3468835552000: 5376During the previous two years, 961 institutional investors and hedge funds held shares of State Street. 28 (-0. The corporate mailing address for Mr. 5x. 2019-04-10 - BlackRock Inc. " That's what Blackrock owns a part of. The average price target represents an. Staple Street Capital is a private equity firm that invests in middle market businesses where we can partner with motivated and proven management teams to create value. John Poulos, the CEO of. Jeffrey D Hyslop Managing Director. 2 percent of Dominion Voting Systems, Dominion CEO John Poulos said in a letter responding to a request from the House Committee on Administration, according to The Associated Press. Staple Street Capital is a leading private equity firm with approximately $900 million of capital under management and invests in market‐leading businesses where there are transformational. Fund expenses, including. Hootan Y. iShares S&P/TSX Capped Consumer Staples Index ETF (CAD) The above results are hypothetical and are intended for illustrative purposes only. According to Wikipedia, Following the acquisition, the Department of Justice and 14 individual states launched investigations into the transaction on antitrust grounds. Number of Non-profit Companies 1. S. 1% ownership. Benjamin Humphreys is Former Operating Partner at Staple Street Capital. 2% return year to date and is +29. Andre Ohnona is Principal at Staple Street Capital. (doing business as BLK) is an American multinational investment company based in New York City. 0 percent ownership of the company. Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Managing Director of BlackRock Group Ltd and Managing Director/Partner . Staple Street Capital, which bought a majority stake in the voting machine maker for just $38. Dollars). Dollars). He also spent time as Chief of Staff at Truework, a Sequoia Capital-backed startup. Hyslop was a Vice President at Cerberus Capital Management where he focused on private equity. 6% and 10% of Fox Class A shares in 2021 and 2020 respectively according to filings from Fintel. Find out the direct holders, institutional holders and mutual fund holders for State Street Corporation (STT). The co-founders of Staple Street Capital, Stephen D. George Soros' net worth is close to $6. com. The co-founder of Staple Street is ALSO a… Show more . Hootan Yaghoobzadeh, co-founder of Staple Street Capital, the private equity firm that owns Dominion Voting Systems, joins CNBC's Eamon Javers on 'Squawk Box' to discuss Fox's $787. Cerberus Capital Management Images below:Staple Street may be the biggest winner. The co-founders Stephen D. BlackRock and Vanguard, two of the world’s “Big Three” asset managers,. Among BlackRock's major competitors are The Vanguard Group, State Street. The co-founder of Staple Street is ALSO a… Show more . 2% stake in Dominion. (10. 7 million shares in Fox Corp. Staple Street Capital, a private equity firm, owns a 76% stake in Dominion Voting Systems. The combined assets of BlackRock, Vanguard and State Street account for about 82% of the S&P 500’s market capitalization, about 25% of shares that voted in director elections at S&P 500. Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787. The settlement was a huge windfall for New York-based Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems. In 2018, it invested $38mn to acquire a majority stake. Phone Number 212. Ian is a Vice President at Staple Street Capital. ’s second-quarter profit rose 14% on new money. 02 May 2023 03:39:18The Canada-founded and Denver-based company was acquired in mid-2018 by Staple Street Capital, a mid-market buyout firm co-founded by Carlyle Group and Cerberus vets. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. Lucid maintained its full-year production guidance of over 10,000 vehicles during its Q2 earnings. About Staple Street Capital. State Street Corporation offers, primarily to institutional investors, investment management and investment research services for managing financial assets, including passive and active United States and non-United States equity and fixed-income. Dominion is a tiny young company not even 1% the size of Fox, and it was sold to private equity investors Staple Street Capital for just about $ 40 million in 2018. Founded in 2009 by Stephen Owens, a former Carlyle Group Inc dealmaker and Hootan Yaghoobzadeh, a Cerberus Capital Management veteran, Staples Street invests in companies in a range of sectors. “@RubiconTheJeep @DetRockCity13 I’m not the one who tweeted that Blackrock owns Dominion because he mixed up an energy company with the voting one, then when confronted mixed up Staple Street Capital with State Street. Number of Founders 564. Who invested in State Street Capital? UBS Securities - “On Oct 8, 2020, Staple Street Capital filed SEC Form D offerings and sales amount of $400,000,000 with the Sales Compensation Recipient identified as UBS Securities,” states the investigation, which also notes that another payment of $200,000,000 was received in December 2014. Dominion Voting Systems is a separate company with. The first person listed on the executive board page for Staple Street Capital is William E. 2:36 PM · Apr 25, 2023Last year, for example, BlackRock, Vanguard and State Street supported a successful effort to shake up the board of Exxon Mobil by installing new members who promised to take climate change more. Take a look. Steve Owens is the Managing Director of Staple Street Capital. For all other inquiries please contact the team at [email protected] my knowledge Blackrock does not own Dominion. CB Rank (Hub) Cranfield School of Management Alumni Founded Companies . as reveled 12:15 today, Dec. Please note iShares MSCI World Consumer Staples Sector UCITS ETF has an upcoming EGM pertaining to a benchmark change - please click on this link for. 40%) NAV Total Return as of 13/Nov/2023 YTD: -2. on October 8, 2020. The co-founder of Staple Street is ALSO a Carlyle alumni. It’s also important to note here that HSBC Toronto managed to secure 18 different Dominion patents that represent the technical. En la presente reseña abordaremos cada uno de los aspectos que definen a este fondo, desde su historia, su éxito comercial y sus inversiones. -. ($1. See Hootan Yaghoobzadeh's compensation, career history, education, & memberships. Hootan Yaghoobzadeh is a Co-Founder & Managing Director at Staple Street Capital based in New York City, New York. Koichopolos was a Senior Vice President at H. Listen. . This represents 0. Kennard. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. Kennard was also on John Kerry's foreign policy. Long ago, Dominion earned $44 million in 2012. NAV as of 13/Nov/2023 USD 5. Yaghoobzadeh spearheaded and oversaw a series of defamation lawsuits against the. Osler, Hoskin & Harcourt LLP represented Dominion Voting Systems with a team consisting of Chad Bayne, Justin Dharamdial, Brian Gray, Horatiu Porime, Jeremy Lin and Miju Damodar (Corporate), Dov Begun and Paul Seraganian (Tax), Richard Borins. Staple Street Capital LLC acquired a 76. He attended Harvard Business School. filed an application on August 25, 2021, and an amendment to the application on March 17, 2022, requesting an order under. Consumer Staples ETF seeks to track the investment results of an index composed of U. Performance & Distributions. 2% stake in. In 2018, Dominion was acquired by its management and Staple Street Capital, a private equity firm and spinn off of BlackRock!! A Soros firm. 5 million windfall after Fox Corp settled a defamation lawsuit brought by the voting machine operator. , 31 Mar 2023,. middle market transactions. “On Oct 8, 2020, Staple Street Capital filed SEC Form D offerings and sales amount of $400,000,000 with the Sales Compensation Recipient. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. We invest in companies that are seeking to pursue untapped market opportunities, enter or exit markets, make acquisitions, reposition certain business lines and. Percentage Non-Profit 0%. Context: Dominion Voting Systems is owned by Staple Street Capital. The firm last filed a Form D notice of exempt offering of securities on 2014-12-19. 5 million settlement is a private equity firm that stands to make a 1,500% return. April 18 (Reuters) - Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787. Staple Street Capital has 6 current employee profiles, including Principal Shaun Fitzgibbon. 59% State Street insiders, and 9. and throughout the workforce, and effective human capital management. Find out the direct holders, institutional holders and mutual fund holders for State Street Corporation (STT). 2% of its shares are owned by Staple Street Capital, a New York-based private. Staple Street Capital LLC acquired a roughly 76% stake in the voting technology company in 2018 for $38. 05%) Capital International Investors (3. RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. 3 million in 2018 to acquire 76. The adviser's REGISTRATION status is listed below. BlackRock, on the other hand, is a publicly traded entity, so it prioritizes making money for its shareholders. Staple Street Capital LLC, Eagle Hill School, MetLife Services & Solutions LLC, Altrazeal Life Sciences Inc, MetLife, Inc. BlackRock Inc. Babs, Dominion Energy is a utility company, NYSE symbol "D. Hootan Yaghoobzadeh, co-founder of Staple Street Capital. 2:36 PM · Apr 25, 2023 Last year, for example, BlackRock, Vanguard and State Street supported a successful effort to shake up the board of Exxon Mobil by installing new members who promised to take climate change more. Mr. In 2018, Dominion publicly announced it had been acquired by its management team and Staple Street Capital. P. BlackRock’s Long-Term Capital Market Assumption Disclosures:. 1 BlackRock derives the majority of its revenue from investment advisory and administrative fees charged to its clients. Staple Street Capital. The co-founder of Staple Street is ALSO a… Show more . The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. . filed an SC 13G/A. These shareholders include Vanguard, State Street (NYSE:STT) and Geode Capital Management. Driving the news: Dominion yesterday agreed to drop its defamation lawsuit against Fox News, in exchange for $787. Since 2018, it has had the same majority owner: Staple Street Capital. Consumer Staples ETF seeks to track the investment results of an index composed of U. Steve Owens is Managing Director/Co-Founder at Staple Street Capital. ($2. Mr. “Blackrock does not own any shares of Dominion Voting Systems,” Isabela Velasco, a spokesperson for Dominion Voting Systems, told Reuters via email, adding that Staple Street Capital has a. S. 3 million in 2018. A n executive board member of Staple Street Capital, William Earl Kennard, is a former ambassador to the EU who was appointed to that position by former President Barack Obama. B. B. 5 million. The United States accounts for 55. As of 06/30/2023, we find all stocks held by BlackRock Inc. Staple Street. 68B. is moving assets out of State Street Corp. “@catturd2 Dominion is owned by a private equity company called Staple Street Capital. equities in the consumer staples sector. Update (3/13, 5:37 PM ET): In response to the collapse, the FDIC created a new entity, making depositors and borrowers customers of Silicon Valley Bank, N. Staple Street Capital | 827 followers on LinkedIn. O) settled a. Prior to joining Staple Street Capital, Mr. But now after a rushed Delaware Corp. 3 million in 2018, stands to make an astounding 1,500 percent return on that deal. Prior to joining Monomoy, Ben held several operating and CFO roles with Cerberus, Blackrock and Staple Street Capital. Although there is a Chinese bank and investment firm named ‘UBS Securities’, it is. Managing Director at Staple Street Capital. BlackRock's. BlackRock BlackRock Kelso Capital Blackstone Bloomberg Beta Blue Atlantic Capital Blue Equity Blue Wolf Capital Partners Bluefish Ventures Bradford Equities Management. Staple Street Capital is a New-York based private equity firm that invests in middle-market businesses. 26 Apr 2023 01:48:43RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. 6% and 10% of Fox Class A shares in 2021 and 2020 respectively according to filings from Fintel. " Regulatory filings (archived here) show BlackRock does have a stake in Dominion Energy, a power company based in the US state of Virginia. State Street: 1,604,569 shares, or 2. Staple Street Capital III, L. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. 50. (9. ) as the New York Hospital’s House of Relief, or as we say today, emergency room. Ben started his career with GE as a financial analyst in the aircraft engine division, and he. He is responsible for evaluating investment opportunities, performing due diligence and working with our management teams to create value. A. On Jan. The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Better-than. +1. Managing Director/Co-Founder, Staple Street Capital. “No @FannKfann Blackrock does not own Dominion. Staple Street Capital, a private equity firm, owns a 76% stake in Dominion Voting Systems. . WSJ investing reporter Justin Baer explains how passive investing outpaced stock-picking rivals. “@goddeketal In reference to the reader provided context, correct, Dominion is founded by Canadians who named it after the 1917 conscription law in Canada, but Staple Street is recently listed as a stakeholder, like Blackrock, in FOX. Yuna Chung has been working at Staple Street Capital for 3 years. . ($2. Staple Street Capital. Steve Kavulich, Director at BlackRock, added, "Jim and his senior team have done an excellent job of building South Street over nearly two decades and we're excited to partner with him as he. RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. S. Company Type For Profit. Capital, he was responsible for all key aspects of the investment process including due diligence, transaction structuring, financing, and portfolio company value creation. "Vanguard and State Street Global Advisors, the largest fund managers after BlackRock, are users, as are half the top 10 insurers by assets, as well as Japan's $1. B. Securitized assets, or structured credit, has always had an uneasy relationship with fixed income (FI) investors. Images below: Why did Staple Street Capital also scrub this URL and page from their live website? Image below: Link: Staple Street may be the biggest winner. Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787. That would be a hedge fund investment. 27 Apr 2023 03:38:14“@MaryLCamacho @lisastewart59 Hey, so it was brought to my attention that Dominion energy is what Blackrock owns not voting machines. In a statement emailed to Snopes, a representative for Dominion Voting Systems told us that the voting company is owned by the investment group Staple Street Capital, as well as its. S. BlackRock Inc, es. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. Private equity firm Staple Street Capital valued Dominion at $80 million when it purchased a controlling stake in it in 2018. let me clear this up. See Phil Taub's compensation, career history, education, & memberships. As of the second quarter of 2023, the New York City-based asset management company BlackRock had total assets under management (AUM) of around 9. S. BlackRock Inc. O) settled a defamation lawsuit brought by the voting machine operator. Hootan Yaghoobzadeh, co-founder of Staple Street Capital, during a news. Acuity Capital Partners, LLC Adams Financial, LLC Addison Capital Partners AEP. Fund Flow Leaderboard. 15%) NAV Total Return as of Nov 17, 2023 YTD: -5. Inside the private equity firm taking on the Murdochs. Last December the senators sent a public letter to the managing directors of the Staple Street Capital Group concerning their investment in Dominion Voting Systems Corporation, the company behind. Staple Street Capital Ii-a is a large advisory firm with 4 clients and discretionary assets under management (AUM) of $956,019,697 (Form ADV from 2023-03-30). LYNWOOD CAPITAL MANAGEMENT, INC. and Euro area inflation and our expectations, 2006-2026. Staple Street Capital typically seeks to invest $25 million - $125+ million of equity per transaction. The amount is equivalent to 20 times the $38. Consumer Staples: 35. Staple Street Capital, a private equity firm, owns a 76% stake in Dominion Voting Systems. , filing October 5, 2020, Staple notified U. Staple Street Capital is a leading private equity firm with approximately $900 million of capital under management and invests in market‐leading businesses where there are transformational. 2% stake in Dominion Voting Systems in 2018 for $38. Staple Street Capital | 859 followers on LinkedIn. 31, BlackRock Inc. Management reinvigorated the culture, people, processes, and systems of the Company, transforming the business to have a leading position in a differentiated segment of the market, best-in. Fitzgibbon was a Principal at H. Prior to joining Monomoy, Ben held several operating and CFO roles with Cerberus, Blackrock and Staple Street Capital. BlackRock, Inc. is pulling some $2 trillion of assets out of State Street Corp. During his tenure at Carlyle, He co-founded the firm's Global Consumer & Retail Group, was a senior member of the firm's Global Communications & Media Group, and executed and oversaw. 17B), Ameriprise Financial Inc. Staple Street Capital is a private equity firm that invests in middle market businesses where we can partner with motivated and proven management teams to create value. Staple Street Capital, a private equity firm in New York, is the majority owner of Dominion. +0. 8 million, unaware that Denver-based Dominion would become a household name within just a. S. A. STAPLE STREET CAPITAL ( CRD # 173785/SEC#:801-80588 ) STAPLE STREET CAPITAL, STAPLE STREET CAPITAL MANAGEMENT, L. This power that is subject to little public awareness or accountability. and Canada. One of Wall Street’s most prominent names may be cashing out of his own company.