Investment in the capital market is a very tricky business. Many people try the company, but only the quick ones become a success. Even when they succeed, the pressure to remain performing is very high as the pressure on such organization is pretty intense. It is therefore not a wonder that only a handful people have managed to become billionaires as a result of such investment.
Nypost says that Stephen Murray had defied all the odds to succeed in the money market industry. Before his death at the age of fifty-two, he had risen to the highest echelons of the management of CCMP Capital. As the president and CEO of CCMP Capital, Stephen P. Murray was tasked with the responsibility of ensuring the organization remained sustainable ad profitable all through (read more at Wikipedia).
Stephen Murray went to Boston College from where he attained a bachelor’s degree in economics in 1984. However, in 1989, he received a master’s degree in business administration from Columbia business school. However, his investment prowess is not something that was given to him. He earned it through the many hours spent analyzing business ventures from his early days of his career.
Stephen P. Murray started off as a member of the credit analyst team of the HANOVER Corporation. In the year 1989, Stephen P. Murray got absorbed in MH Equity Corporation after the organization was formed as a result of the merger between Hanover and its private equity group.
A series of mergers between chemical banks, Chase Manhattan Corporation, resulted in the formation of CCMO Capital. In 2007, Stephen Murray was appointed the CEO of CCMP Capital and since the appointment, the organization experienced unprecedented success in his tenure.
Stephen Murray resigned a few month to his death citing poor health. His position in the firm was invaluable, and everybody would miss him. The current CEO and the other members of the corporation spoke well of his death reminding everyone where he had come with the organization.
It’s very hard to strike a balance between philanthropy and being a billionaire. Many billionaires work hard to be billionaires, and few are willing to become less.
However, Stephen Murray was a very generous person. His reputation for generosity presided him. Many institutions primarily schools are some of the organizations that benefitted from his generosity. Boston University from where he was an alumni was an example of the organization receiving his assistance.