Stephen Murray’s Career Life

One month after Stephen Murray resigned as CCMP Capital’s Chief Operating Officer due to health-related reasons, he died at the age of 52. According to Alexandra LaManna, CCMP Capital’s spokesman, Murray died on March 12th, 2015. Alexandra confirmed Murray’s death in an email but did not clarify why Murray resigned as CCMP’s CEO.

Stephen Murray became CCMP Capital’s founding partner in 2006 after it spun out of JPMorgan Partners to avoid potential conflicts with its clients. CCMP Capital specializes in middle-market private equity investments and leveraged buyouts. According to the latest financial report, CCMP generated over $3.6 billion in the past year.

In an email statement, CCMP Capital’s spokesman, Alexandra LaManna said that Stephen Murray’s death saddened them. He added that Murray was a prominent investor and a deal-maker who would always settle on a win-win deal. According to Institutional Investor Magazine’s article dated 2011, Stephen Murray grew up in Westchester, New York. He attended Boston College to pursue a Bachelor degree in Arts. Later on, Murray joined the Columbia University of New York for furthers studies in Business Administration.

Read more: Stephen Murray, Ex-CCMP Chief Who Built LBO Firm, Dies at 52

Stephen Murray’s career began as a credit trainee at a New York-based Manufactures Hanover Trust Company before his way up as the Vice President of middle-market lending. In 1989, Murray left for CCMP Capital’s predecessor as an executive in private equity and leveraged buyouts. However, the firm was acquired by JPMorgan in 2000. Later on, in 2005, Murray was appointed as the head of JPMorgan Partners. CCMP Capital, previously known as JPMorgan Partners would invest in middle-market financing units and private equity funds.

Under Stephen Murray’s regime, CCMP Capital generated over $3.6 billion as its latest fund in 2014. Murray is one of the smartest financial experts in CCMP Capitals, having featured in the company’s SEC list. As of 2014, Murray’s board constituted of Ollie’s Bargain Outlets, LHP Hospital Group, Crestcom International, and Octagon Credit Investors. Although CCMP Capital hinted that Stephen Murray resigned due to health-related issues, the company declined to comment on whom might succeed him as the next Chief Operating Officer.

CCMP Capital’s spokesman eulogized Stephen Murray as a family man and a dedicated professional. As the founding partner of CCMP Capital, Stephen Murray would always settle for the win-win deal, even in hostile circumstances. Besides family, Murray would spend a significant portion of his practice in helping CCMP Capital develop. His contribution towards the success of CCMP Capital is noteworthy.

Source: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/

Work Can Be Bad For You

If you think your job is hurting your health, you’re not the only one. A recent survey from NPR shows that many Americans think their jobs are making them less healthy.

 

The survey was a collaboration among NPR, the Robert Wood Johnson Foundation and Harvard’s T.H. Chan School of Public Health. It asked 1600 people how they thought their jobs affected their eating, sleeping, stress, social lives and other health factors. Although only 16% of workers overall thought their jobs were unhealthy, the numbers were higher in specific industries.

 

Retail outlets came in as the most detrimental to health with 26% of respondents saying their jobs were not good for them. Health threats in retail include slipping on wet floors, being hit by delivery vehicles, being hit by falling objects and straining muscles by lifting.

 

Next were:

 

Construction or outdoor work 23%

Factory or manufacturing 21%

Medical 19%

Store 16%

 

The problems with these jobs were listed as dangerous chemicals, unhealthy air and, like retail, accidents and injuries. Sitting for long periods was also mentioned. Although office workers generally felt their jobs were safe, 24% said they feared health issues stemming from inactivity. Sitting all day is known to increase the risks of diabetes, heart disease and cancer huffingtonpost.com.

 

One solution is to get out of the bad work environment for a while by taking a vacation. But many workers with paid vacation days don’t use them. According to the survey, last year only 49% of workers used some or all of their paid vacation. In low-paying jobs, 47% of workers don’t get paid vacation days. To make the health situation worse, 40% of these jobs don’t offer health insurance, either.

 

However, some companies are trying to make the workplace healthier. Zappos, Twitter and Microsoft offer gym memberships and Sparks, Genentech and CamelBak provide healthy snacks. Twitter and SolidFire give workers unlimited paid time off. A number of large companies have good employee health insurance.

 

Still, many workers spend their days at a job where they’re not getting wealthy or even healthy.

Research Concludes That Anger Can Triple The Risk Of Suffering A Heart Attack

A recent worldwide study suggested that doing vigorous exercise when you are upset or angry could triple the risk of suffering a heart attack within an hour. Combining the two situations and doing extreme exercises to calm down increases the risk even further. Experts of the study said that the findings provide a crucial link between the body and the mind.

 

The research was published by the American Heart Association’s journal Circulation. The study suggested that an individual who performed rigorous exercise and was upset was likely to get heart attack symptoms within an hour. Andrew Smyth from the Population of Heart Research Institute at McMaster University was the lead author of the study. He said that extreme physical and emotional triggers have the same effects on the human body.

 

Smyth stated that both triggers could increase the heart rate, raise blood pressure, change the flow of blood in the veins, and reduce blood supply to the heart. He continued by saying that in such situations, blood vessels would narrow leading to a heart attack. Smyth explained that regular exercises help prevent cardiovascular diseases. However, he recommended that people who were emotionally unsettled not to go beyond the usual extremes while working out at the gym.

 

The research was carried out in 52 countries. The results showed that 13 percent of the total number of patients analyzed had engaged in physical activity. 14 percent of the patients were emotionally upset. The researchers considered other factors into the study such as smoking, age, obesity, high blood pressure, and other health conditions. Barry Jacobs urged every person to engage in activities that promote mental wellness and avoid getting angry to extremes. He continued by saying that patients who were at risks of suffering heart attacks should avoid extreme emotional situations.

 

Maureen Talbot of the British Heart Foundation said that emotional upset and excessive physical exertions are not the underlying causes of heart attacks. She explained that atherosclerosis mainly causes heart attacks. Talbot stated that when plaques in the arteries break off, a blood clot forms leading to a heart attack.