He is a excellent leader, and is able to motivate his team to achieve their goals.
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He is an expert at working with his team, and is able to Communication effectively. He is highly skilled at building strong teams and managing difficult projects. He has a particular focus on developing innovative tech products.Don Berman has an excellent understanding of interpersonal and technical interactions. He has occupied many different executive roles over the years, and has a deep understanding of business, leadership and technology. He has a proven track record of leading and developing innovative technology products.Don Berman is an experienced business executive, with a highly successful track record of creating and driving successful businesses. He is a strong team player, and is known for hisws proposal and construction skills. He has experience in a wide range of technology fields, and has played a significant role in many projects over the years.
DON BERMAN CARDWORKS SOFTWARE
ĭon Berman has been working in the technology industry since he founded his own software development and consulting company called Proteus.
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Donberman has also studied at the University of Maryland from to. from University of Maryland College Park in American Studies and Business/Marketing.
![don berman cardworks don berman cardworks](https://live.staticflickr.com/3184/2762418805_cc5b11cc5e_b.jpg)
He has strongly criticised Silicon Valley's software industry and its failure to provideworkers with good working lives and rising incomes.ĭon Berman's education includes a B.A. Additionally, Don Berman is also a co-founder of the Cardworks business incubator.Don Berman chairs the Technology and Innovation Committee of the Silicon Valley Forum. He is responsible for the development and distribution of card management software, as well as developing and maintaining the company's website and social media feeds. He then worked at several technology companies before founding Cardworks in 1994.At Cardworks, Don Berman is the Chairman, CEO and Founder. On the other hand, Merrick Bank is an issuer of Visa-branded credit cards apart from offering finance options to consumers via marine and recreational vehicle dealers across the US.Don Berman has over 25 years of experience in the technology industry, starting with his work as a software engineer at Hughes Aircraft. The consumer finance lender and servicer was to receive nearly $1.35bn in cash and $1.3bn in Ally Financial’s common stock, equating to 39.5 million shares.ĬardWorks, which was founded in 1987, is a servicer of nationally-branded MasterCard/Visa cards, secured cards, private label cards, and other products, and also secured and unsecured installment loans. The company pursued the acquisition to further diversify its product offerings by adding a credit card platform, and a range of servicing and recovery operations and a nationwide merchant acquiring business.Īs per deal terms, Merrick Bank, a fully-owned subsidiary of CardWorks was to merge into Ally Bank, the online banking subsidiary Ally Financial. It is engaged in offering a range of financial services and insurance products to automotive dealerships and consumers. I want to express my deep appreciation for the considerable efforts and incredible commitment demonstrated by Ally and CardWorks employees.”īased in Michigan, Ally Financial is a digital financial-services company.
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“This was a difficult decision to make following a long process to bring two strong companies together. Ally Financial CEO comments on scrapping the deal with CardWorksĪlly Financial CEO Jeffrey Brown said: “Given the unprecedented economic and market conditions resulting from the COVID-19 global pandemic, Don Berman and I, along with our boards of directors, believe it is in the best interests of our customers and stakeholders to terminate the agreement. Neither of them will have to pay any termination or break-up fees to the other following the scrapping of the deal. The parties have mutually agreed to terminate the deal, which was signed in February 2020 after taking into consideration the considerable impacts of the pandemic on global markets and also on the economy. (Credit: Ally Financial Inc.)Īlly Financial has scrapped its previously announced $2.65bn acquisition of Cardholder Management Services (CardWorks), a US-based consumer finance lender and servicer, owing to the ongoing Covid-19 pandemic. As per deal terms, Merrick Bank, a fully-owned subsidiary of CardWorks was to merge into Ally Bank, the online banking subsidiary Ally FinancialĪlly Financial, CardWorks scrap $2.65bn deal due to coronavirus pandemic.