Marcus Lemonis, a serial entrepreneur and host of the show “The Profit” on CNBC, is a true survivor in the corporate world. The native-born Lebanese business man endured the chaos of a civil war in Beirut and eventually moved to Miami. Lemonis was exposed to the automotive industry throughout his upbringing - his grandfather owning two of the largest Chevrolet dealerships in the United States and Lee Iacocca serving as the family friend and later mentor to Lemonis. On page 12, we conducted an interview with “Profit” host Marcus Lemonis, who offers struggling small businesses capital investment and his expertise in exchange for an ownership stake in the company. In the latter part of the magazine, we interviewed countless wealth advisors during these tough economic times. We recognize that some of the changes in 2013 and 2014 require relevance for financial planners. Therefore, the financial industry continues to push for more realistic standards and reforms.
Shark Tank host Barbara Corcoran earned her corporate stripes the hard way, first as a waitress and then took out a $1000.00 loan and launched the Corcoran Group, one of the first woman-owned real estate firm’s in New York City. Our reporter Judy Magness chronicles her humble beginnings and captures her story in The Suit Magazine. Reporter Amy Armstrong covers the rise of the Matriarch in the Costa Nostra as she interviews Jennifer Graziano, creator and executive producer of “Mob Wives” a VH1 reality series about the Mafia. On the economic front, reporter Diane Alter, reveals why dividend - paying - stocks have outperformed the broad market year-to-date as the markets performance shifts from growth to value. In fact, several dividend ETFs currently yield 3% or more match up to the S&P 500’s current yield of 1.86%. Here at The Suit, we wish everyone a happy Mother’s Day!