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Entrepreneurship

Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights'
Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Subs, a Garden State icon that grew into a national sandwich powerhouse, is set to sell a majority stake to private equity giant Blackstone, officials said. The Manasquan-based restaurant chain has agreed to sell the stake in the company, Blackstone said in a news release on Tuesday, Nov. 19. Jersey Mike’s founder and CEO Peter Cancro will keep a significant equity share and continue leading the business. When he was 14 years old, Cancro began working at the original location in Point Pleasant that opened as Mike's Subs in 1958. At 17, he bought the restaurant in 1975 and…
Elon Musk, Vivek Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency Elon Musk, Vivek Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency
Elon Musk, Vivek Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency President-Elect Donald Trump continues to fill his cabinet with loyalists and his biggest supporters following his sweeping victory in last week's election.  He announced Tuesday, Nov. 12, that two billionaire former rivals turned allies, Elon Musk and Vivek Ramaswamy, would head up his new Department of Government Efficiency.  Related: Trump Nominates NY Rep. Elise Stefanik As UN Ambassador The tech entrepreneur, age 53, and the 39-year-old Harvard and Yale Law grad will be tasked with major cuts in government spending. Trump called it "The Manhattan Project" for a new…
Billionaire CEO, NJ High School Dropout Leading SpaceX Mission 'Polaris Dawn' Billionaire CEO, NJ High School Dropout Leading SpaceX Mission 'Polaris Dawn'
Billionaire CEO, NJ High School Dropout Leading SpaceX Mission 'Polaris Dawn' A high school dropout from New Jersey who owns a multi-billion-dollar Pennsylvania tech firm is making history, again. Jared Isaacman, 41, the CEO of Shift4 Payments in Allentown, PA is the mission commander of SpaceX's mission Polaris Dawn, which launched into space on Tuesday morning, Sept. 10. Alongside Isaacman are Retired US Air Force Lt. Col Scott "Kidd" Potee, and two SpaceX specialists, Anna Menon and Sarah Gillis. You can read more about the mission on the SpaceX website here. View this post on Instagram A post shared by Po…