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Ken Langone is a well-known businessman, investor, and philanthropist in the United States of America. Perhaps the thing that brings him the greatest notoriety is the part he played in getting the founders of The Home Depot finance. On September 16th, 1935, he was born in Roslyn Heights, which is located in the state of New York, in the United States. He would be 85 years old right now, as at this moment in time. Both of his parents contributed financially to the household by holding jobs; his father was a plumber, while his mother worked at a restaurant. The Langone family is said to have “a lot of caring, but not a lot of wealth,” according to a statement made about them. He attended Bucknell University and the Stern School of Business at New York University to acquire degrees in business administration from both institutions.
Kenneth G. Jr., Stephen, and Bruce Langone are the names he has given to his three children with his wife, Elaine Langone. When Langone was just starting out in his career in the early 1960s, he went to work for R.W. Pressprich, a financial services corporation that was based on Wall Street. There, he was involved in the establishment of new businesses as a founding member. In 1968, Langone met with Ross Perot and was successful in convincing him to let Pressprich oversee the initial public offering of Electronic Data Systems. This meeting took place after Langone had already met with Perot. In 1969, Langone was victorious in the election that led to his becoming Pressprich’s President. The man who established Langone in 1974 was the year that saw the inception of the very first venture capital company.
Marcus and Blank’s ability to launch Home Depot was made feasible by Langone’s provision of the capital necessary for the venture. The most well-known commercial endeavor that Langone ever undertook was the establishment of a countrywide shop that now employs more than 400,000 people. From 1999 to 2003, when he resigned as chairman of the New York Stock Exchange, Langone served as the chairman of the exchange’s Compensation Committee. Eliot Spitzer, then the Attorney General of New York, filed a lawsuit in 2004 demanding that Richard Grasso, the former Chairman of the New York Stock Exchange, return $100 million of the total pay package that he received from the NYSE, which was $139.5 million. The lawsuit was filed against Grasso by Spitzer, who is now the Attorney General of New York.
According to the allegations made in the complaint, Langone was the one who came to an agreement over the pay. Langone has claimed that the compensation packages do not violate the constitution despite the fact that the NYSE was notified in advance of the decision that would be taken by the board. All of the charges that had been filed against Grasso were dismissed by the New York State Court of Appeals on July 1, 2008. Because the NYSE had changed its identity from that of a nonprofit organization to that of a for-profit business, the Attorney General’s office lost the ability to press charges against Grasso. Therefore, this action was taken.
Kenneth Gerard Langone Sr. is an exceptionally successful Italian-American businessman, entrepreneur, founder, banker, and philanthropist. He is also known by his initials, KSG, which are often used in reference to him. Ken Langone began with absolutely nothing and built an organization that is today worth many millions of dollars. His life story is rather extraordinary, particularly when one takes into account the fact that he started off with very little and went on to establish Home Depot.
When his company reached the 26th spot on the Fortune 500 in the year 2020, we will know for certain that he has been successful in running his business. He is well recognized in the world of business as a shrewd investor who provides funding to companies. Ken Langone has had a fruitful career as an entrepreneur and has held the position of a chief executive officer at a broad range of companies and brands during the course of his career. In 1974, he was a trailblazer in the development of a venture capital business, which paved the way for the lucrative beginning of Home Depot. This firm created the cornerstone for the company’s success. He was an original member of the company’s founding team, which at the time included a large number of business partners.
Arthur Blank and Marcus, who both served as co-founders, were also responsible for establishing this company. Langone was able to take control of his life and proceed on a different path in spite of the conditions that he was born into. He was not wealthy, but that did not stop him from having the ambition to live out the “American dream.” After working his way up through the ranks, he eventually became the chairman of the “Compensation Committee” of the New York Stock Exchange (1999-2003). Ken described his spectacular journey from poverty to fortune in his autobiography, which was titled “I Love Capitalism!” Ken also listed the people who were crucial in his rise to the top of their various sectors and thanked them for their contributions.
If you found this article to be illuminating, you may be interested in reading some further fascinating tales from his life. Ken Langone is well-known for his capacity to boost a company’s capital, just as he did for Home Depot, which is what gained him this reputation and made him well-known in the business world. Throughout the course of his illustrious career, he held positions on the boards of directors of a variety of companies, some of which include General Electric, ChoicePoint Inc., and Yum! Brands, Geeknet, and Database Technologies, to name a few. On the other side, there is no data provided on the annual revenue that he generates.
After receiving his bachelor’s degree, Ken Langone enrolled in the United States Army and did a total of two years of service in that branch of the armed forces. He was honored with the Purple Heart for his service during this period. In 1961, Mr. Langone made the decision to pursue his interest in the Wall Street business and became an associate at R.W. Pressprich & Company as a result of this decision. It didn’t take long for him to rise through the ranks of the company, and he was finally elevated to the position of Executive Vice President at Pressprich. Ken Langone, a successful businessman, brought himself to the attention of the public over the course of his career. As a direct result of this, he was presented with the opportunity to work alongside Ross Perot, another successful entrepreneur from Texas, and the fledgling company Electronic Data Systems. When given the opportunity, Langone seized it.
In 1968, Ken Langone brought Electronic Data Systems public for an incredible 118 times the earnings, which equated to $16.50 per share in the company’s first offering. After reaching such an incredible milestone in his career, Ken Langone continued to collaborate with Ross Perot in the capacity of counsel for the latter’s campaign for president. After that, Ross Perot promoted Ken Langone to the role of president and chief operating officer of the company, thereby ending Perot’s tenure in both roles. Even in today’s day and age, Ken Langone and Ross Perot continue to keep in touch with one another.
Ken Langone started the Invemed Associates, Inc. investment firm in 1974. The company was a modest investment bank that was situated on Park Avenue. The bank was founded to provide financial assistance to newly formed companies in the medical sector. In addition, Ken Langone paid a total of $60,000 in the year 1974 to acquire his first seat on the New York Stock Exchange. This transaction took place. Later on, he made the decision to sell his seat for $1.5 million, which added to the image of him being a successful businessman who is renowned for purchasing things at a bargain and selling them for a profit. In response to this success, Ken Langone said, “I’m making 500 percent of my money,” which is a reference to the previous statement.
A year later, Ken Langone made $5 million working for a medical electronics company called Ivan. He ultimately took control of the company and then sold it to Eli Lilly in 1977 in exchange for stocks. As a result of the completion of this business deal, Eli Lilly now holds ownership of a medical instruments division, which over the years has grown into a business that is today worth several billion dollars. Since then, Ken Langone has worked his way up through the ranks of Eli Lilly, eventually becoming one of the company’s most prominent owners.
At an early stage in his professional life, Ken Langone dabbled in a variety of various enterprises, but not all of them were successful for him financially. Because of the business transaction that Ken Langone had with Stirling Homes Corp., he was able to obtain significant insight into the significance of engaging in ethical business practices and accepting responsibility for one’s own financial circumstances. The Stirling Brothers deceived Ken Langone about the monetary implications of a commercial transaction that they were involved in.
Because of the sad turn of events, Ken Langone has resolved to participate more actively in the future commercial operations that he is involved in. He started personally examining his investment prospects, giving particular attention to the degree to which the integrity of the people involved functioned as a proxy for the integrity of the organization. He also paid close attention to the potential returns on his investments. When Ken Langone became engaged with a home improvement firm called Handy Dan, the company was named after him.
He came to the conclusion that his unwavering commitment to being truthful was to his best advantage. Before making an investment, Ken Langone made it a point to personally investigate each Handy Dan site. In response to a question about the decision, he said, “When I acquire a stock, I want to know all there is to know about that business. I don’t want any interruptions at this time.” Prior to committing himself to the purchase of a 14% ownership interest in the company, Ken Langone made it a point to get as much information as possible about the company and thoroughly assess the opportunities it presented.
Ken Langone was able to make a connection with Bernard Marcus, the CEO of Handy Dan, as a direct result of the commercial endeavors that he was involved in, which ultimately led to the two people being close friends. Ken Langone took Bernard Marcus’s side and supported him during their dispute with Sanford Sigiloff, an executive at the company that Handy Dan’s parent company, Handy Dan, Inc., is affiliated. Handy Dan was forced to buy out Ken Langone as a direct result of the business operations that took place, and as a direct result of that, he fired Marcus in addition to his CFO, Arthur Blank.
As a direct consequence of the situation in question, Ken Langone, Bernard Marcus, and Arthur Blank decided to launch their very own home improvement company. This was the humble beginning of what would later become the multinational conglomerate known as Home Depot. Ken Langone was able to make a monetary contribution to the cause because of the efforts of his business, Inversed Associates, Inc. The very first Home Depot establishment opened its doors for business in the year 1978 in the city of Atlanta, Georgia. Home Depot is currently a nationwide corporation that employs more than 300,000 people in a variety of locations around the United States.
Ken Langone, a highly renowned man in the world of business, is still going strong after all these years. After establishing Home Depot, he went on to develop the textile firm Unifi, Inc. by acquiring a number of different businesses and integrating them together. In addition to this, he was the mastermind behind Patlex Corporation, which was the company that assisted Gordon Gould in acquiring the rights to the laser, an invention that has resulted in royalties amounting to more than $190 million.
Ken Langone Phone Number, Email Address, Contact No Information and More Details
Ken Langone Addresses:
Ken Langone, Roslyn Heights, New York, United States
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Ken Langone Contact Phone Number and Contact Details info
- Ken Langone Phone Number: Private
- Ken Langone Mobile Contact Number: NA
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- Personal Phone Number: Same as Above
- Ken Langone Email ID: NA
Social Media Accounts of Content Creator Ken Langone ’
- TikTok Account: NA
- Facebook Account (Facebook Profile): NA
- Twitter Account: https://twitter.com/realkenlangone
- Instagram Account: https://www.instagram.com/kesfplanner
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Personal Facts and Figures
- Birthday/Birth Date: 16 September 1935
- Place of Birth: Roslyn Heights, New York, United States
- Wife/GirlFriend: NA
- Children: NA
- Age: 86 Years old
- Official TikTok: NA
- Occupation: Businessman
- Height: NA
- Salary of Ken Langone: 580 crores
- Net worth: 580 crores
- Education: Yes
- Total TikTok Fans/Followers: Not Known
- Facebook Fans: Not Known
- Twitter Followers: 1,236 Followers
- Total Instagram Followers: 159 followers
- Total YouTube Followers: Not Known
|Ken Langone Contact Address, Phone Number, Email ID, Website|
|House address (residence address)||Roslyn Heights, New York, United States|
Some Important Facts About Ken Langone:-
- Ken Langone was born on 16 September 1935.
- His Age is 86 years old.
- His birth sign is Virgo.