If you’re in the hospital in Venezuela, you’re in serious trouble.
Dr. Elizabeth Ball, a teaching professor at University Hospital, Caracas, says that there are shortages of everything from anesthetic to printer paper, and many of the lights are out due to power cuts.
The hospital’s problems only mirror the greater crisis of just about everything in Venezuela. Workers are laid off, basic goods are in short supply, and power outages are the rule, not the exception. “Already scarce food is going bad in non-working refrigerators” says Jose Manuel Gonzalez.
There are two main reasons for this dire situation according to Gonzalez. Venezuela depends on oil revenue and oil prices have plummeted; also, the country is having a severe drought, putting too much pressure on its one hydroelectric plant.
A lot of the blame is being put on President Nicolas Maduro, the hand-picked successor of the late Hugo Chavez. Critics say the country should never have depended solely on the revenue from a volatile commodity like oil.
But Maduro has supporters and says he’s working on borrowing money from China. He also says he’s not ready to step down. According to Reuters, he told detractors, “You won’t get rid of me.”
Stephan Murray was a professional business man who had many years of experience in financial institutions and investment companies. He spent most of his career as a private equity investor and philanthropist, which he enjoyed very much. He began the start of his career in 1984 after graduating college with his degree in economics. He attended Boston College, and soon went to work as an analyst in a trading program with Manufacturers Hanover Corporation.
He decided to continue on with his education and earned his Master’s degree in business administration from Columbia Business School in 1989 (you can read more: This Old Thing? Private Equity Honcho Drops Little Place Uptown for $11M). He then joined MH Equity Corporation in which was combined with Manufacturers Hanover and eventually, throughout the years, became CEO and co-founder of CCMP Capital. CCMP Capital was a private equity investment firm that specialized in buyout and growth equity transactions. CCMP Capital became the branch of many high end investment firms that were put together throughout the years. Learn more about Stephen Murray CCMP: http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/
It was essentially a predecessor from JP Morgan Chase and became its own individual business in 2006. In 2007 he was named the CEO, where he oversaw the daily functions and financial activities of the company. Stephan sadly passed away in March of 2015 due to health related complications.
Stephen Murray resigned from the firm shortly before his passing for health reason, and sadly didn’t make it through the complications. He took much pride and joy in developing the company, and worked many long hours to make the company as successful as it is.
His positive contributions will be forever remembered and prospered for many years to come. He was responsible for helping to build the firm into a billion dollar firm and helped raise $3.6 billion last years alone in funds. His years of experience and dedication to the business will be forever remembered and all are very thankful that they got the chance to learn from someone with so many years of experience. Learn more about Stephen Murray CCMP: http://patch.com/connecticut/stamford/stephen-p-murray-52-financial-executive-stamford-resident-vice-chair-boston-college-board-trustees
He was 52 years old when he passed away. He took pleasure in many activities that helped out the community and was an active philanthropist. He supported the Make A Wish Foundation as well as the Boston Food Bank.
His years of success and achievements have set the future for many endeavors he supported and believed in. Read more: The Exponential Growth of CCMP Capital Under Stephen Murray’s Leadership