Tom Tribone

Tom Tribone

Addressing Global Issues Class
Nationality American

Thomas (Tom) Tribone is the founder and CEO of GGIC Ltd, (formerly known as Guggenheim Global Infrastructure Company), a firm dedicated to owning and operating energy and infrastructure projects. He is also Chairman of the board of directors of a London-listed public investment fund, Infrastructure India PLC.[1] He has served as a board member for a number of corporate,[2] industry[3] and academic organizations.[4] Tribone was an early member of the AES Corporation and was its Executive Vice President [5] and number-two executive before he left to start his own company, Franklin Park Investments.[6] Earlier he held general management positions at Atlantic Richfield Company (ARCO).

Business career

Early on in his career at ARCO, Tribone advocated for the installation of some of the first acid rain pollution control equipment on industrial power plants.[7] He then turned to increasing industry energy efficiency by the use of improved processes, such as Cogeneration.[8] As one of the first participants in the global deregulation and privatization of the energy and infrastructure sectors, Tribone has originated and executed many large, path-finding transactions in the United States and in major emerging markets, such as Mexico, Brazil, India and China.

Overseas, he completed the first direct foreign investment in Brazil’s energy sector after the full restoration of democracy and the election of Fernando Henrique Cardoso as President in the 1990s.[9] He led transactions to open foreign energy markets, such as the first private power plant in Mexico[10] [11]and the first bilateral treaty between Brazil and Argentina for a natural gas pipeline.[12] Activities like this and others, such as a power company dedicated to China,[13] helped develop the concept of a global electric power industry. In testimony before the U.S. Congress, Tribone observed that technological and market forces were “shrinking” the scope of natural monopoly.[14] This line of thinking led him to believe that there would be societal benefits in merging regulated monopolies with competitive firms and he conceived and completed the earliest consolidations in the United States between regulated utility companies,[15][16][17] and unregulated firms. This consolidation has been a major, continuing trend.[18] Tribone is described as a “most creative” new business developer in the book Joy at Work.[19] Author Peter Grose, in his book Power to People, offers an additional description of Tribone’s entrepreneurial contributions.[20] In China, Tribone is involved in bringing an efficient, environmentally friendly road-building technology developed in the United States, asphalt-rubber,[21] to China for the first time.[22]

Management style

As an undergraduate,Tribone was exposed to the research of psychologist Frederick Herzberg at Case Western Reserve University, where Herzberg served as a professor. Partly based on these findings and his own experience, Tribone developed a unique, people-centered management style that has been written about by authors such as Robert H. Waterman Jr. (the co-author of one of the most influential business books ever written, In Search of Excellence).[23] In his book, What America Does Right[24] Waterman has written of Tribone: "But Tom Tribone is one of those people who resist the status quo." In the book, Tribone's ideas were summarized in the title of a chapter called "Everyone a Leader" in which Waterman described some of Tribone's management concepts. One example related how, while leading a unionized manufacturing plant early in his career, Tribone materially increased manufacturing capability and employee satisfaction through a new combination of specific guidance and light-handed supervision. In Robert M. Grant's case study, "AES Corporation: Rewriting the Rules of Management," Grant[25] relayed Tribone's ideas on the subject of teams and how they can be, in Tribone's words, "a natural way to get big things done while preserving the dignity of each person."

Board memberships

Center for Advancement of Energy Markets, Electric Power Supply Association, Powerline Communication Association,

U.S. Environmental Technology Institute, Argentine American Chamber of Commerce, India Infrastructure PLC [LON:IIL.L],

Brazil U.S. Chamber of Commerce. Case Western Reserve University, Institute for Energy Innovation

Inter-regional Transmission Coordination Forum, AES China Generating Company,

Cemig S.A. Board of Directors [NYSE:CIG], Electric Distribution of the Future Forum, Institute for Energy Innovation,

Consumers Energy Council of America, International Energy Development Council,

Northern Virginia CYO Athletics Board of Directors, U.S. Chamber of Commerce,

Guggenheim Global Infrastructure Company, Duquesne University Board of Directors,

Georgia Institute of Technology - The Strategic Energy Institute

Education

Tribone received his Bachelor of Science (B.S.) in Chemical Engineering from Case Western Reserve University and both his MBA and Juris Doctor (J.D.) from Duquesne University. He was awarded the Case Gold Medal.[26][27] This award, which was originally established to recognize Nobel Laureates from Case, is Case's highest career recognition award.[28] The Tribone Center at Duquesne provides free legal support to Veterans and other members of the Pittsburgh community.[29][30]

References

  1. ↑ http://www.iiplc.com/
  2. ↑ http://www.bloomberg.com/research/stocks/private/person.asp?personId=197360&privcapId=36178198&previousCapId=127291757&previousTitle=INFRASTRUCTURE%20INDIA%20PLC
  3. ↑ http://www.epsa.org/forms/documents/DocumentFormPublic/view?id=30500000027F
  4. ↑ http://energy.case.edu/advisory-board/tribone
  5. ↑ http://sec.edgar-online.com/aes-corp/def-14a-proxy-statement-definitive/1999/03/30/section5.aspx
  6. ↑ http://www.bnamericas.com/news/electricpower/Franklin_Park_to_invest_US*100mn
  7. ↑ http://www.lexisnexis.com/lnacui2api/results/docview/docview.do?docLinkInd=true&risb=21_T11640704123&format=GNBFI&sort=RELEVANCE&startDocNo=26&resultsUrlKey=29_T11640704129&cisb=22_T11640704128&treeMax=true&treeWidth=0&csi=6745&docNo=28
  8. ↑ http://www.lexisnexis.com/lnacui2api/results/docview/docview.do?docLinkInd=true&risb=21_T11640704123&format=GNBFI&sort=RELEVANCE&startDocNo=26&resultsUrlKey=29_T11640704129&cisb=22_T11640704128&treeMax=true&treeWidth=0&csi=7957&docNo=30
  9. ↑ Southerland, Daniel. “AES Joins Bid for Control of Brazilian Utility,” The Washington Post, May 22, 1996.
  10. ↑ http://ifcext.ifc.org/ifcext/pressroom/ifcpressroom.nsf/1f70cd9a07d692d685256ee1001cdd37/bccf4969f194c4028525697b006caa76?OpenDocument
  11. ↑ http://www.thefreelibrary.com/AES+wins+bid+for+a+484+MW+gas-fired+plant+in+Mexico.-a019054344
  12. ↑ http://www.power-technology.com/projects/urugaiana/
  13. ↑ http://www.lexisnexis.com/lnacui2api/results/docview/docview.do?docLinkInd=true&risb=21_T11640776354&format=GNBFI&sort=RELEVANCE&startDocNo=1&resultsUrlKey=29_T11640776357&cisb=22_T11640776356&treeMax=true&treeWidth=0&csi=8078&docNo=10
  14. ↑ http://www.gpo.gov/fdsys/pkg/CHRG-106hhrg58510/pdf/CHRG-106hhrg58510.pdf
  15. ↑ http://money.cnn.com/1998/11/23/deals/aes/
  16. ↑ Hamilton, Martha. “AES to Buy an Illinois Power Company in Big Push Into U.S. Market.” Washington Post, November 23, 1998.
  17. ↑ http://www.sec.gov/Archives/edgar/data/874761/000095017200001271/0000950172-00-001271-0001.txt
  18. ↑ http://online.wsj.com/article/SB10001424052748703712504576244071647165628.html?KEYWORDS=heard+on+the+street
  19. ↑ Bakke, Dennis. “Joy at Work” PVG, 2006, Page 16.
  20. ↑ Grose, Peter. “Power to People” Island Press, 2007.
  21. ↑ "Ground Rubber Applications", U.S. Environmental Protection Agency. Accessed May 16, 2012.
  22. ↑ Shieber, Jonathan. "Guggenheim Global Infrastructure Makes Its First China Deal", Dow Jones & Company, Inc., January 06, 2012. Accessed May 16, 2012.
  23. ↑ Waterman, Robert and Peters, Tom. “In Search of Excellence” HarperCollins Publishers, 1982
  24. ↑ Waterman, Robert H. “What America Does Right” 1994, Chapter 2.
  25. ↑ http://www.blackwellpublishing.com/grant/docs/17AES.pdf
  26. ↑ http://digital.watkinsprinting.com/display_article.php?id=1500563&_width=
  27. ↑ http://www.youtube.com/watch?v=MAyWbB_evGw&feature=youtu.be
  28. ↑ http://www.casealum.org/page.aspx?pid=517
  29. ↑ http://www.post-gazette.com/stories/business/legal/duquesne-university-law-clinic-provides-legal-aid-to-veterans-704522/
  30. ↑ http://www.duq.edu/Documents/law/alumni/_pdf/DU-Lawyer%20Winter%202013-FINAL.pdf
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