Wes Edens the Co-Chief Executive Officer of Fortress Investment Group announces that Drive Shack a leader in golf related and entertainment businesses will formally file paperwork for the internalization of their management. However, Wes will continue to be the Chairman of the Board at Drive Shack to provide continued stable leadership and corporate governance for the organization as they revamp and streamline their internal processes. The internalization process at Drive Shack will enable the company to generate tremendous savings each year totaling approximately $2 million annually. With the internalization, the Drive Shack will also become more aligned with their peers within the entertainment & leisure business through a structure that will be more efficient and productive for the organization The company will continue to receive tremendous guidance and support from the manager of this affiliate Fortress Investment Group so that the company can have a solid backing and allow for an opportunity to flourish and grow as an organization.
In fact, with the continued guidance of Wes as Chairman of the Board Drive Shack has one of the better financial investment minds and analytical and creative thinkers to guide their processes is so that they can deliver exceptional returns in their future endeavors. Wes Edens is one of the five co-founders of Fortress Invest1ment Group that was started in 1998 and quickly became one of the largest alternative asset investment firms in the world. Wes Eden serves Fortress Investment Group as Co-Chief Executive Officer with Peter Briger the other Co-Chief Executive Officer at Fortress. Wes Edens also is co-owner of National Basketball Association team called the Milwaukee Bucks. Wes Edens has a background that consists of various high-level responsibility leadership roles within some of the world’s biggest and most profitable financial investment firms including Lehman Brothers where he began his professional career in financial investment management.
After a successful tenure at Lehman Brothers, he accepted a position at BlackRock Financial Management where he excelled and built a strong portfolio of profitable growth for the organization and in his own individual personal portfolio as well. In 1998, Wes partnered up with five investors and created The Fortress Investment Group that has become a multi-billion-dollar alternative asset investment firm that is respected as one of the biggest and most profitably run organizations within the industry. The announcement by Wes Edens to allow Drive Shack Inc. to internalize their management structure to provide efficient more productive utilization of their resources will provide keep process changes to provide opportunities for future success.