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Louis Chenevert is Investing in the Future of America


Business owners should constantly be thinking about the future of their company. The best kind of CEOs are the ones that leave a company better than it was established.

Investing money in new technology and education for employees will set up the business for future success. A more educated workforce will be able to repay the money that was put into their studies.
Investments into technology will help improve the American economy. New technology will assist in creating more jobs and allow for people to manage their time better. Pratt & Whitney owns and operates factories all across the United States. A majority of their factories open for business are in the northeast section of the United States with a few in scattered across Florida and Georgia. Those facilities are actively testing parts that go into the GTF engine. As the company continues to put money towards new innovative pieces of technology, nearly a billion dollars is put towards the improvements of U.S. manufacturing and service centers.

United Technologies Corporation (UTC) is hiring more than 20,000 new employees to help support the growth of new technology. The company has to be able to satisfy the needs of new customers.

It is important to invest as much in humans as you would technology (if not more) because people are always changing and introducing new ideas. People grow up, and the market changes. New businesses are built off of fresh ideas, and older companies are left struggling to stay alive. The demand for certain electronics changes as people develop new interests.

Louis R. Chênevert is a successful businessman living in Canada. He recently stepped down as chairman and CEO of United Technologies Corporation. Before working for UTC, he served as the president of Pratt & Whitney Canada. Chênevert was born and raised in Quebec. He went to college in Quebec and finished school with a bachelor of commerce degree. During his time with UTC, he earned $22,032,175 for his efforts. On May 11th, 2011, Chênevert was handed the doctorate honoris causa from HEC Montréal for his outstanding accomplishments.

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