MEMBERS I
CHARLES SCHWAB
FOUNDER, CHARLES SCHWAB BROKERAGE FIRM
Charles Schwab’s eponymous brokerage firm manages over $1 trillion in assets in money markets across the world. He founded his company in 1971 and it quickly became an industry leader, offering discount brokerage services to average and novice investors. Schwab credits his involvement with the Young Presidents’ Organization with aiding his innovative approach to asset management. The free-flowing exchange of ideas with leading technology executives allowed his firm to set the standard for technological innovation in money market accounts. By allowing a diverse group of talented leaders to discuss problems as well as successes, people and industries are able to grow and succeed much faster than they would on their own.
RONNIE LOTT
NFL HALL OF FAMER, BUSINESS LEADER
Ronnie Lott spent 15 years playing professional football and is a member of the NFL hall of Fame and also the College Football Hall of Fame. He is also a successful businessman and a proud member of the Young Presidents’ Organization. Lott’s presence in the YPO not only speaks to his remarkable business acumen and mental toughness, but also to the diversity of the organization. Lott owns a successful Toyota Dealership and also founded HRJ Capital following his legendary career on the gridiron. Lott credits YPO with aiding in his successes off the field. He found the forums to be an invaluable resource and takes pride in his membership to the Young Presidents’ Organization.
ELLIOTT BROIDY
CO-FOUNDER AND CHAIRMAN, MARKSTONE CAPITAL GROUP
Elliott Broidy, 49, was born in Los Angeles. He graduated from University High and then attended USC, where he graduated with a bachelor’s degree in accounting and finance. He remains deeply committed in his support for the Marshall School of Business.
Elliott Broidy displayed an entrepreneurial spirit early in life. At nineteen, he purchased a coin-operated Laundromat in East Los Angeles. Upon graduating from USC, he landed a job as an accountant with Arthur Andersen & Co. Mr. Broidy left Arthur Andersen in 1982, when he was hired as Managing Director of the private investment company Bell Enterprises, where he remained for nearly ten years.
Mr. Broidy left Bell Enterprises to begin his private investment company, Broidy Capital Management, which specializes in investing in private equity and marketable securities. Through Broidy Capital Management, Mr. Broidy makes direct investments in a number of private companies and actively works to oversee those companies.
In the mid-’90s, Mr. Broidy began the first of his early economic commitments to increasing econimic investment Israel, when he joined Angelenos Gold and Stanley Chais in re-establishing the California-Israel Chamber of Commerce.
Mr. Broidy went on to found Markstone Capital Partners, an $800 million private equity fund specializing in making investments in traditional Israeli industries.
Mr. Broidy is Chairman of ESI Holdings, Inc., a company that specializes in event management and logistics. He also serves on the Boards of Directors of Foley Timber and Land Company, and Vantis Capital Management LLC, a registered investment advisor.
Mr. Broidy was appointed by Antonio Villaraigosa as a Commissioner of the Los Angeles City Fire and Police Pension Fund and as a member of the Board of Director's for the Los Angeles Police Foundation. He is a member of the United States Homeland Security Advisory Council and the Department of Homeland Security's Future of Terrorism Task Force.
Mr. Broidy was also appointed by the President to serve on the Board of Trustees of The John F. Kennedy Center for the Performing Arts. He is a member of the Board of Advisors for the USC Marshall School's Center for Investment Studies and a trustee of the USC Hillel Foundation. Mr. Broidy serves on the Israel Securities Authority's International Advisory Board, and the National Board of Directors of the Friends of the Israel Defense Forces. A longtime member of the Youth Presidents’ Organization, Elliott Broidy credits his involvement with YPO for many of his successes. His dedication to giving, both in the US and abroad, matches well with the YPO’s stated goals of improvement, growth and inspiring leadership. When notable captains of industry are encouraged to better themselves, the result is that society as a whole benefits.
MARK JUNG
IGN Co-Founder
Mark Jung founded IGN along with Chris Anderson in 1998 and has since grown the video game website into one of the preeminent brands for gaming news on the web. The website also covers other youth media including movies, music and more. Mark Jung served as the Chief Executive Officer while the property was scooped up by Newscorp for a substantial $650 million. Jung later joined Fox Interactive Media and oversaw such premiere internet properties as Myspace, AmericanIdol.com and FoxSports.com. According to internet data, Jung oversees the largest user-created youth commuity on the internet. Jung credits the Young Presidents’ Organization with inspiring his creative online businesses. The networking and idea sharing that occur at YPO functions have spawned some of the driving forces in business and the internet today.
RAY HICKOK
YPO Founder
Ray Hickok founded Young President’s Organization in 1950, when he was one of the few young CEOs in the country. The Board of Directors of Hickok Belts named Ray as President and CEO upon the death of his father in 1945.
Ray had been with the company for only a year after returning from serving in the United States Army for four years during the Second World War. He was just 28 years old.
Before going into the Army, Ray had earned his economics degree from Rollins College, along with advanced business degrees from Harvard University and Northwestern University.
At that time Ray took over Hickok Belts. There were only a handful of young business leaders with such responsibilities.
Being so young, and relatively inexperienced, presented Ray with unique problems that were not easily appreciated by more seasoned business executives.
Ray sought out other young business leaders who faced similar challenges, and through these meetings was born the concept of an organization that young CEOs could join for support.
Ray felt that a great deal of positive developments could arise by bringing together young business leaders with similar interests, goals, and challenges.
The first meeting of the newly formed Young President’s Organization was held in 1950. At that time, Ray Hickok could scarcely imagine the powerful and beneficial effect YPO would have on the business world.
By coming together, cooperating on issues, relating their challenges and sharing their unique perspectives, the 20 charter members of Young Presidents helped one another thrive in the face of their challenges and work more confidently toward success.
The concept of Young President’s Organization was simple, but its effects on the world of business were, and continue to be, profound.
JOHN L. MICLOT
Respironics Executive
The Pittsburgh Technology Council recently named John Miclot the CEO of the Year at the Tech 50 Awards. Since 1983, the Council has been the focal networking point of the world’s four principal technology sectors: Information Technology, Biomedical, Advanced Manufacturing/Materials, and Environmental Technology. The majority of southern Pennsylvanian businesses fall into one of the four primary sectors, as does Respironics, Inc. For the past eight years, the Pittsburgh Technology Council has awarded the region’s most innovative business leaders and their fast-growing businesses, and John Miclot was specifically chosen because of his efforts on behalf of Respironics and his excellent leadership qualities, which have greatly contributed to the company’s recent rise in performance. Both Miclot’s peers and his co-workers esteem him as a businessman and as a leader in the healthcare industry, and for the Council, he was the clear winner of the award.
In the past four years John Miclot has led Respironics, the company has met or exceeded its financial goals. In 2005, Respironics experienced an increase in overall sales, which were up 20%, or 911.5 million dollars, exceeding the previous year’s 759.5 million dollar increase, and in this coming fiscal year, the pharmaceutical company plans to exceed a billion dollars in revenue.
Respironics is a trendsetter in the pharmaceutical market and a leading developer and manufacturer of sleep and reparatory products, which it distributes to the world’s pharmaceutical, healthcare, and medical equipment markets. Under John Miclot’s direction, the company has focused on serving needs in the world’s emerging markets, and he and the company are dedicated to providing solutions to improve the world’s clinics, the outcomes for billions of patients around the globe, and the conditions healthcare providers work under. Since its foundation, Respironics has extended its product availability to more than 131 countries and employs over 4,100 associates to work in their globally based offices, all of which are under the leadership of YPO Member and CEO of the Year award-winner, John Miclot.