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Latest Articles - Luxury

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John Abele

Sunday, 25 January 2009

John AbeleRichest people are found in different professions. John Abele is an American businessman who earned a lot of money by doing business in medical equipment and this is the reason why his name is enlisted under the catalog of the wealthiest persons of the world. Simultaneously Abele holds the chief position of a medical machinery company titled Boston Scientific Corporation involved in the activities of healthcare, medical instruments, supplies etc.

A tragedy indeed

Abele's father Mannert Lincoln Abele was a high-handed naval officer who served in the submarine USS Grunion. In 1941, Mannert (Lieutenant Commander) launched the submarine with at least 70 crews. But unfortunately he did not come back. It assumed that the submarine was sunk by enemy action in the year of 1942.

Richest people

Abele was appeared on the list of Forbes Magazine's «world richest people» in 2005 where he took the position of 132 having the net amount of 4 billion US dollar. According to the Forbes Magazine, Abele secured the rank of 321st among 400 richest in America and 785th among the world's wealthiest people in 2008.

Knowing personal matters

Abele studied at Alter High School, University of Notre Dame. He graduated from the Amherst College. Abele studied also finance and management strategy in the Kellogg School of Business of Northwestern University.

Abele is married and he has three children. His home town is placed near Shelburne, VT, United States of America.

In spite of being a businessman by profession, John Abele expends his additional time behind the coaching of different youth sports. To incarnate word academy, John Abele volunteers his extra times in various school activities.

Interesting business and work

In collaboration with Peter Nicholas, Abele founded the Boston Scientific in 1979 that is very well known as clinical device producer. This corporation was later expanded into multi devices such as balloons, catheters, stents etc. Besides, Abele has a business partnership with the Cleveland Office, Heidrick & Struggles.

Before joining in Heidrick & Struggles, Abele was the leader of marketing and sales practice in the McKinsey & Company where he spent successful eight years. He maintained the duties of supervision of industrial office. He performed extremely good in developing corporate growth, navigating mergers and acquisitions, making sales strategies, transforming sales forces along with distributing channels, upgrading marketing, utilizing technology in terms of raising growth and so on.

Abele has some interest in advising. He did a very good job in consultancy being an official of different corporations, firms, privately owned company etc. He helped the clients to search for their required persons like CEO (Chief Executive Officers), GM (General Manager), other office high-ups, office personnel in many sections etc.  

John Abele's name was spread out here and there as an efficient consultant while he was working as a senior associate with the Andersen consulting firm. His managerial position with Hewitt Associates LLC also added some praising words with him. In addition, Abele conducted sales and marketing section many times.

He dealt many assignments in both management and functional duties in the field of consumer, technology, industry, healthcare and professional service sectors as well.

Business boss

Abele was not only the key partner of Heidrick & Struggles but also Associate Principal of McKinsey & Company, Manager of the Hewitt Associates and Senior Associate of the Andersen Consulting firm.

Similarly, he is also involved in the FIRST robotics (for Inspiration and Recognition of Science and Technology) where he holds the position of chairman.

Moreover, Abele held some high level posts in different company. The Medi-tech, Inc, (served as president) Advanced Instruments, Inc (General Manager) can be mentioned here as for example. 

Secrets not to share

There was a little debate about the stents (device for keeping bodily tubes open) that manufactured in Abele's Boston Scientific as it failed to function properly. Stents in fact appeared as a big problem for the company.

A patent infringement case was filed against Abele's company-Boston Scientific and that caused to fall the company's shares down at 20 percent last several months.

Passion for «collaboration paradox»

Abele's passion is to build social networking. He is the titleholder of that particular organization named the Kingbridge Centre and Institute situated in Ontario. It served in special way in the field of research in academia, business and government as well.

Abele has been trying to find out a way where collective intelligence could give collective capability. He termed it ‘collaboration paradox'. He believes that it would be always leadership rather to technology that team people up better.

Md. Asraful Alam

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