Albert Angrisani (August 26, 1949 – April 23, 2020)
was an American business consultant and the
Assistant U.S. Secretary of Labor under President Ronald Reagan. As a result of his professional background in the public and private sector, he had been a regular commentator on several national news programs including
CNBC
CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...
,
Fox Business News
Foxes are small to medium-sized, omnivorous mammals belonging to several genera of the family Canidae. They have a flattened skull, upright, triangular ears, a pointed, slightly upturned snout, and a long bushy tail (or ''brush'').
Twelve sp ...
, and
Bloomberg TV.
Professional background
Chase Manhattan Bank
Angrisani was a Vice President of
Chase Manhattan Bank in New York from 1972 to 1980. When he left Chase to begin his tenure with the Reagan Administration, he was head of Strategic Planning for the Investment, Trust and Private Banking businesses.
Assistant U.S. Secretary of Labor
Angrisani was the Assistant U.S. Secretary of Labor under President Ronald Reagan from 1980 to 1984. In this capacity, he was a
senior policy advisor to President Reagan and played a significant role in the
economic recovery plan that created 16 million new jobs.
He also was the author of the
Job Training Partnership Act of 1982
The Job Training Partnership Act of 1982 (JTPA, , , et seq.) was a United States federal law passed October 13, 1982, by Congress with regulations promulgated by the United States Department of Labor during the Ronald Reagan administration. The la ...
, which was one of the nation's first public & private partnerships and a major part of the president's
job creation program
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the referen ...
.
Arthur D. Little's Strategy Consulting
Following his service with the
Reagan Administration, Angrisani went on to hold executive positions with
Arthur D. Little's Strategy Consulting business division, from 1985 to 1989.
Angrisani Turnarounds, LLC
In 1990, Angrisani started Angrisani Partners LLC, based in
Princeton, New Jersey
Princeton is a municipality with a borough form of government in Mercer County, in the U.S. state of New Jersey. It was established on January 1, 2013, through the consolidation of the Borough of Princeton and Princeton Township, both of whi ...
, which was an advisory and investment company that assisted troubled
small-cap public companies restructure their business operations and balance sheets. After 1999, he expanded the business to include turnarounds of larger troubled
public companies. In 2009, Angrisani changed the name of the company to Angrisani Turnarounds, LLC to reflect the company's focus on creating sustainable turnarounds and shareholder value creation. Major distressed companies in the firm's portfolio include:
* equity.
*
Harris Interactive, Inc., an Internet
marketing research company. In 2014 Angrisani completed, for the second time, an 18-month turnaround of Harris Interactive Corporation (NASDAQ: HPOL), with a sale to media giant Nielsen (NYSE: NLSN). Previously, in 2002–2004, Angrisani led a turnaround that increased shareholder value by more than $200 million over the two-year period.
*
Greenfield Online/Ciao, the world's largest provider of global consumer attitudes about products and services. Prior to the second Harris deal, Angrisani engineered an enormously successful turnaround at Greenfield Online (formerly NASDAQ: SRVY), leading the sale of the company to the Microsoft Corporation (NASDAQ: MSFT) for $497 million on October 13, 2008.
*
Total Research, where he was
President
President most commonly refers to:
*President (corporate title)
*President (education), a leader of a college or university
*President (government title)
President may also refer to:
Automobiles
* Nissan President, a 1966–2010 Japanese ful ...
and
CEO
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
from 1999 to 2002, and executed a turnaround and sale that resulted in a $100 million increase in its
shareholder value.
TurnVest Partners, LLC
TurnVest Partners, is a private investment company focused on investing in public and private distressed companies, many of which are micro cap companies.
Author: From Last to First
In January 2018, Angrisani's second book,
From Last to First: 10 Life-Changing Steps to Wealth and Success'' was published by Humanix Books''.''
In 2009, Angrisani wrote ', presenting his background and professional knowledge as a turnaround executive and shareholder advocate. The book is a description of his model for corporate change and an exploration of current key economic issues.
Angrisani presents his views on why leading corporations in America have failed and how to restore their lost shareholder value. The book dissects some of the major problems in corporate America, likening them to the issues in a failing company.
The foreword of the book was written by
John Kasich, Governor of Ohio. His foreword stated the following:
In March 2015 The Young Entrepreneur Council named the book one of ''16 Entrepreneurial Books CEOs Swear By''.
[As marked on the book itself.]
Death
While undergoing treatment for advanced colon cancer, Angrisani contracted and died of COVID-19 during the
COVID-19 pandemic in New Jersey.
References
Further reading
* Angrisani, Al. ''Win One for the Shareholders'', New York: ELG Consulting, 2009.
{{DEFAULTSORT:Angrisani, Al
American business writers
United States Department of Labor officials
1949 births
2020 deaths
Deaths from the COVID-19 pandemic in New Jersey