Rick Scott is the latest politician to find himself in the crosshairs of End Citizens United. The political action committee will filed a complaint against Scott with the Federal Election Commission alleging illegal campaign support. According to ECU Scott is using a super PAC to circumnavigate federal limitations on campaign contributions. The complaint against Scott is another step in End Citizens United’s quest to end Citizens United. Headquartered in D.C., ECU was founded in 2015 as a direct response to the outcome of the 2010 Citizens United vs. Federal Election Commissions case. The Supreme Court case garnered lots of controversy when the decision for Citizens United passed narrowly by a 5-4 vote.
The decision stretched the definition of free speech to incorporate corporations, stripping any regulation on their contributions to political campaigns. Many cried foul believing that the ruling forever changed elections in America, allowing big business to sway the outcome, and purchase candidate support. End Citizens United was created to support election reform, and that is exactly what they do. The goal of ECU is to push Big Money out of politics. To do this they are attempting to stack the deck with candidates that are against Citizens United. Most of these candidates fall on the democratic side of the equation, although many republicans are also against the decision.
Using grassroots funding ECU supports its candidates and tries to get them into office. The goal is to pass legislation that redefines the first amendment, shortening it to only concern the individual. Scott is a candidate who opposes campaign reform, and therefore is the kind of candidate ECU needs to out. Luckily for them they have evidence of wrongdoing from Scott, who holds firm that it is just a smear campaign. ECU has documentation however, that shows Scott working with the PAC and even getting newspapers like the New Republican to print polls in his favor. Whether this will ruin Scott or not remains to be seen, but is just one more move on the chessboard for End Citizens United.
Wes Edens; Career and Contributions to the Industry of Wealth Management
The foundation of Fortress Investment Group was laid by some of the most brilliant finance executives in the world. As a team, they decided to create a company that would cater for all the needs of investors including alternative asset management and wealth creation. As such, the leadership team of the young investment management firm adapted strong and advanced guidelines to build its portfolio. Until now, Fortress Investment Group has managed to maintain a strong corporate image always aligned with governance policies as well as practices. With the help of the board of directors, the company has instigated special policies that fit within the framework of the mission and the vision as well. Apart from the board of directors, there is one man who has grown this banking institution in many ways. Wes Edens is his name and he is one of the principals.
Describing Wes Edens
Wes Edens has always been defined as the man who puts a lot of weight to the growth and development of Fortress Investment Group. Born in 1961, he resides in the New York City. Apart from that, he has shaped his career around finding viable strategies that work for the company. For instance, when he joined his business associates to form Fortress Investment Group, he suggested that the firm adapts a smooth operating structure to benefit the business. Since then, clients have been flocking the company because of how fast they are served.
Roles and Duties
Before joining Fortress Investment Group, Wes Edens attended Oregon State University. While there, he developed great interpersonal skills. Therefore, when it was time to leave school and join job seekers in finding employment, he found it easy to relate with his seniors. For instance, he landed an employment opportunity in the industry of private equity investments. That way, he learned how to handle hedge fund management. After familiarizing himself with major roles at the hedge fund management, he decided to delve into a partnership with a famous entrepreneur and purchase Milwaukee Bucks. This is a famous basketball team in Wisconsin.
Experience and Contribution
Besides serving at Fortress Investment Group, Wes Edens worked at the Lehman Brothers where he served as the director for general operations. In his tenure, he oversaw various managerial roles within different departments like finance and credit issuance. At the same time, he served at BlackRock, a famous investment management firm. In his tenure as an asset advisor , he made sure that clients were pleased with the services of the company.