Highland Capital Management will be lacking a very important and vital person on their team very soon. Co-founder Mark Okada announced that after an impressive twenty-six years that he will be stepping down from his founder role in the company. He is going to remain on the team on a temporary basis as a senior adviser.
Okada will at least provide some assistance and knowledge to the team as he makes his way out the door, but it will be difficult to replace all that he has been able to offer to Highland Capital Management over the years. It is something that he has been preparing his people for by giving them some of the knowledge and skills that he has used over the years to help make Highland a success. He has certainly been helping transfer some of his responsibilities to those who can best handle it within the firm. Visit This Page to learn more.
James Dondero, the other co-founder of Highland Capital Management, has had some very nice things to say about Okada. He makes it clear that it would simply not be possible to have had as much success as the firm had without his help. Highland Capital has been able to make it through good markets and bad markets because of the help of Okada.
The firm was responsible for designing the first software to electronically track loan portfolios, which is used by a majority of loan managers. They sold the software to JPMorgan Chase in 2003.
You have to hand it to someone who is so beloved by those he has worked with over the years. It is clear that Mark Okada is one of those people. Highland Capital Management is clearly in good hands with the senior officials getting so much first-hand information from Mr. Okada himself. Read This Article for additional information.
The future is bright for this firm, and it is going to be interesting to see how they handle this little bump in the road. Their track record would indicate that they are going to pull through all of this and be stronger than before.