Learn From Mike Nierenberg and His Wisdom To Become An Executive

The first question on a potential reader’s mind might be, who is Mike Nierenberg and why should I pay attention to him and his past? Well, that is certainly a great question and can be answered simply by stating his different accomplishments. Mike Nierenberg is the current Chief Executive Officer of New Residential Investment Corporation.

The funny thing is, he didn’t wake up one day and become the head honcho of New Residential Investment Corporation. He had quite a career that led him from Lehman Brothers to Fortress Investment Group to becoming part of the Executive Leadership Team at New Residential Investment Corporation.

We can learn a lot about a person from their history and their present, one of the key lessons we can learn from Mike Nierenberg is where he started off in his career. This is important because it shows individuals the importance of affiliation. Mike Nierenberg was able to be a part of strong culture, and organization that, for lack of a better term, was truly organized, and had been building up for some time.

To truly understand why a job at Lehman Brothers was a great choice it is important to understand how Lehman Brothers grew and became a key part of the financial industry. These lessons will be key to know as this would help us understand why Lehman Brothers was a great incubation space for the mind of Mike Nierenberg.

Lehman Brothers – The Progression

Lehman Brothers started out small, they started with a simple storefront, they took that opportunity and parlayed it into something much more, a trading and financial services business.

The firm then progressed to becoming a key player in the financial services industry pioneering different services and becoming members of different exchanges.

Did you know that Lehman Brothers was able to underwrite a public offering in 1889? It did so for a business that was in the sector of steam pumping. It stayed true to its commodities roots for quite a while and then it progressed to becoming a much larger powerhouse. It transitioned from being a simple commodities business to becoming a larger financial firm about fifteen years later.

We can learn the importance of patience, perseverance, and the importance of capturing value by studying these firms and the life of Mike Nierenberg as well. He had the good insight to choose Lehman Brothers because of its history.

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