>> My name is Doug Main [phonetic].
I'm a 1971 graduate of Temple University and I have two areas of responsibility today.
One I'm on the Board of Directors of seven different companies.
And then additionally I work for a Wall Street firm named Brown Brothers Harriman.
Brown Brothers is the third oldest Wall Street firm.
Now about 200 years old.
And unlike most of the other Wall Street firms,
we still operate as a partnership meaning there are about 35 of us
that actually own the company itself.
I principally work with a private equity unit within Brown Brothers Harriman.
And if you're not familiar with what private equity means, we raise money form investors
and then we use the money that we raise to buy companies.
Hopefully perfect the companies and then after a period of five to seven years,
we sell the company, hopefully, at a very high profit for our shareholders.
Everything starts with the top line with revenue.
So we try to help the company generate revenue.
Either through contacts that we made or product ideas or some synergies
with other institutions that we know.
Secondly, most companies can be more efficient than they are.
So the efficiency comes not usually by the way with terminating employees but through bringing
in new systems that make the company operate better.
And then the last thing is they can all be more efficient from a financial standpoint.
So the cost of money that they've raised, we can hopefully bring it
in at a lower cost than otherwise would.