James Dondero Joins Business School

The co founder of Highland Capital Management James Dondero has recently been appointed to join the Southern Methodist University Cox School of Business. He has been appointed to the Executive Board and will therefore participate in helping the school provide the best student experience. This recent appointment is an expansion of James Dondero’s and Highland Capital Management’s commitment to assisting the university. Along with being appointed to the school’s Executive Board, James and his company have endowed the school with the Highland Capital Management Tower Scholars. With this program, students will be encouraged to pursue academic and professional opportunities in public policy.

James Dondero founded Highland Capital Management in 1993. With his firm, he has helped manage a number of hedge funds and private equity securities for many clients. Dondero and his firm often assist large companies such as institutional investors manage their capital. For over two decades, James has been able to introduce a number of financial security options such as collateralized loan obligations. With the assistance of James and his firm, large companies will be sure to get the best returns when investing their capital.

Dondero attended the University of Virginia and majored in accounting and finance.  After he completed college, James then began working in the finance industry as a credit analyst. This position allowed him to gain some important experience that would help him advance in his career. Over the course of his career, he would get positions of higher responsibility in the finance industry. His advancement peaked when he became the chief investment officer of a firm. At this position, he would manage the capital for large companies such as American Express. When managing capital for these companies, James would oversee assets as much as $2 billion. After working the finance industry, he would then found his own firm to pursue his goal of becoming an entrepreneur.

Significant Contributions of Mr. and Mrs. DeVos to the Education Sector in the U.S

For the past 30 years, Mr. and Mrs. DeVos have been in the political limelight. Betsy has served on the Republican Committee while Dick once runs for governor on a Republican ticket. They own a company, Windquest. This organization is invested in technology, manufacturing and on sustainable energy. It launched in 1989. One of the crown jewels of their empire is the Dick and Betsy DeVos Family Foundation. Education has always been a dear topic to the power couple. They have built and supported nonprofit organizations like the Alliance for School Choice, the American Federation for Children (AFC).

The Future Looks Bright

Speaking in an interview with Philanthropyroundtable.org, Mrs. DeVos reiterated her confidence and optimism on the signs of progress made by the publicly funded, private choice programs across the nation. The number of students enrolling in the educational-choice programs stands at around 25,000 and this figure is expected to keep on rising, indefinitely. Essentially, the program is aimed at providing a safe environment for kids. The education savings account makes it possible for parents to save.

Michigan’s First Charter School Bill

Their motivation to set up the project arose from witnessing the suffering of the low-income parents in Potter’s House Christian School in Michigan. Dick ran for the chair of the State Board of Education and got elected in 1990. Three years later, the couple was involved in the passing of Michigan’s first charter-school bill.

Mrs. DeVos’ biggest achievement is the introduction of the tax-credit scholarship program in Florida. Moving forward, she predicts that there will be over 1 million students in their programs in the coming years once states like Louisiana and Indiana come onboard. Her only concern, however, is the issue of partisan politics interfering with the tremendous progress already made. To her, education ought to be non-partisan.

Raising Public Awareness

The couple has had to use their resources to put up billboards, web ads, mailings and even using radio stations.

About Dick DeVos

Forbes named him as the 67th richest person in the U.S with total a net worth of $5.1 billion. After serving as the president of Orlando Magic, the NBA franchise, for a while, he quit and returned to take over the helm of Amway, their family business. Dick DeVos is a top contributor to the Republican Party in his home state of Michigan. He is married to Betsy DeVos, and they have four children.