Louis R. Chênevert: Spearheading the Eurospace industry

Louis Chênevert worked as a Chief Executive Officer for United Technologies Corporation for over 10 years. However, in November 2014 he decided to retire. He had worked in various posts in the company including; President, CEO, Chairman and Director. Prior to working with United Technologies Corporation, Louis Chênevert worked as the president of another company called Pratt & Whitney for close to five years. He also worked as a Production General Manager for General Motors for 14 years.

Louis Chênevert accepted to work in Goldman Sachs Merchant Banking Division as a Senior Industry Advisor. He has also worked with the forum of US and India CEO’s and he also serves in the Business Council. Since 2011, he has been serving in the Cargill Inc Board of Directors. He serves as the chairman of the foundation of Congressional Medal of Honor. In addition to this, he is also the chairman of the advisory board of Yale Cancer Center. In 2005, He became a fellow of an American body that deals with aeronautics and astronautics.

Louis Chênevert acquired a Bachelor of Commerce with a major in production management from the University of Montreal’s, HEC School. He was awarded by the University of Montreal with an Honorary Doctorate in 2011. He is the chairman of HEC Montreal International Advisory Board. He is also part of the Friends of HEC where he serves in the capacity of a chairman. In addition to this, he is also a founding director of the board.

Louis Chênevert participated in negotiations to acquire Goodrich Corporation in 2011 at a cost of over $18 billion, a move that has been regarded as his greatest achievements. The choice of getting Goodrich was prompted by the desire to expand their market, lower internal costs of production, and interact with the aircraft component manufacturer. Acquiring Goodrich transformed the company into an international giant, getting the power to dominate markets all over the world.

Louis Chênevert has had the time to pursue his interests now that he is retired. He is involved in the designing and engineering yachts. He has contributed greatly to the success of UTC through his leadership and intelligence, thereby, transforming the aerospace industry.

http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx

WIPO Director Kamil Idris is Concerned about IP

Professor Kamil Idris has written an article about President Trump planning to impose new tariffs on China, due to unfair IP acquisitions. It has been reported the stealing of intellectual properties has cost the United States between $225 million up to $600 billion. The new tariffs the President plans to impose on imports will be an estimated total worth of $50 billion. The violations range from trade secret thefts to counterfeiting of popular name brands.

President Trump has announced he plans to impose 25 percent tariff on imports of steel and 10 percent tariff on imports of aluminum. The tariffs will not affect countries that are part of NAFTA; however, he hasn’t ruled out the idea of imposing tariffs on U.S. allies.

Professor Kamil Idris has also written an article about World Intellectual Property Organization and the meaning behind it. WIPO was created in 1967 to encourage human creativity and innovation, so that people from every country and community, can share and prosper within their bounty.

Some might wonder if intellectual property is worth all the effort. The answer is yes, without intellectual properties rights, we would never develop new technologies to tackle global warming problems and we would never see the light or day of great sporting events. This would also affect the film industry. These affected industries and others which play a role in entertaining and uniting us, would be a major consequence throughout the globe. For example, sporting events would not be broadcasted into homes across the globe and movies would not be distributed as well.

For this, WIPO has paid tribute to every artist, inventor, big or small who has enriched our existence with their innovative ideas and creative vision. We remember the importance of their intellectual property rights, the rights they have earned through their individual and collective talents.