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54-496: In 1997 State Sen. Royce West suggested a feasibility study for a state university in southern Dallas County an area of Dallas County that is predominantly African American and was then served only by the private Paul Quinn College . The campus, which was to become the first public university within Dallas city limits, was launched at a temporary location in the spring 2000 semester with an enrollment of 204 part-time students, or

108-549: A Belgian, would succeed Maceda from July. He would be the first European to hold the post. In late 2018, a new South African government investigated the South African Revenue Service (SARS) for suspected corruption under the administration of former President Jacob Zuma . It found that in 2015 Bain & Company billed $ 11 million for consulting projects, where the firm gave bad advice. After interviewing just 33 employees over six days, Bain provided

162-460: A desert island, writing a report, putting it in a bottle, throwing it in the water, then going on to the next one." Bain was the expected successor of Henderson within BCG in the early 70s. However, in 1973, three years after Henderson's competing team decision, Bill Bain resigned to start his own consulting firm. Most of the senior members of the "blue team" followed him to his newfound company, which

216-605: A dysfunctional tax agency in the process. Bain claimed the consulting firm was an unintentional pawn in Zuma's conspiracies working under the head of the tax agency, a Zuma collaborator, that hand-picked the SARS employees Bain interviewed. SARS officials said Bain's reports were based on false and outdated information and that senior SARS officials were not consulted. Bain replaced its executive in South Africa and offered to refund

270-452: A firm for LGBT people Bain hires many people with MBAs from business schools, and was one of the first firms to hire consultants with a bachelor's degree. The firm is organized primarily by geographic office, with each location acting somewhat independently. It also has a mix of overlapping functional (such as M&A, technology, or loyalty) and industry (financial services, healthcare, etc.) teams. An elected worldwide managing director

324-583: A full-time equivalent enrollment of 55. The Dallas City Council approved a resolution in June 2001 to provide up to $ 3 million by January 2002 to buy about 200 acres (0.81 km) in southern Dallas' I-20 corridor for the future UNT Dallas campus. Private donations raised the size of the property for the new university campus to 264 acres (1.07 km). A 2001 bill passed by the Texas Legislature and signed into law by Governor Rick Perry authorized

378-578: A representative body of South African business. On 18 January 2022, Bain resigned from BLSA. On the 3 August 2022 the UK Cabinet Office announced that Bain & Company had been barred from tendering for UK government contracts for three years after its “grave professional misconduct” in state corruption in South Africa. The decision was overturned and the ban was lifted in March 2023, with Bain now once again able to bid for public contracts in

432-534: A restructuring plan that included downsizing the SARS Business Centre, which produced one-third of the tax agency's revenues. An investigation found that then-SARS head Tom Moyane followed an unusual procurement process favoring Bain, who Moyane had been in touch with before his appointment at SARS. Critics claimed Bain intentionally collaborated in then-President Zuma's corrupt acts to favor his wealthy allies and help Zuma avoid taxes, contributing to

486-401: A series of setbacks. A public relations crisis emerged in 1987, due to a controversy involving Bain's work with Guinness . Tension was growing over the firm's partnership structure, whereby only Bain knew how much the firm was making and decided how much profit-sharing each partner received. The stock market crashed the same year, and many Bain clients reduced or eliminated their spending with

540-440: A situation that involved a conflict of interest. In 1985 and 1986, Bain & Company took out loans to buy 30 percent of the firm from Bain and other partners for $ 200 million and used the shares to create an employee stock ownership plan (ESOP). These shares of the company were bought at five times Bain & Company's annual revenue, more than double the norm, and cost the firm $ 25 million in annual interest fees, exacerbating

594-541: A turnaround, and then re-selling the company. In early 2006, Bain started selling its Net Promoter Score system, which tracks customer sentiment. According to The New York Times in 2017, the results of Bain's consulting "have often been impressive." An audit by Price Waterhouse found that the aggregate market value of Bain clients increased 456 percent from 1980 to 1989, whereas the Dow Jones Industrial Average increased 192 percent during

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648-598: A year-round trimester calendar. It would de-emphasize research by faculty members so they could teach as many as 12 courses per year, and it would rely on heavy use of so-called hybrid courses, which would replace some face-to-face teaching with online instruction." The North Texas–Dallas (UNT Dallas) athletic teams are called the Trailblazers. The university is a member of the National Association of Intercollegiate Athletics (NAIA), primarily competing in

702-578: Is believed that the competition Henderson put out laid the foundation for Bain & Company. Bain & Company grew quickly, primarily through word-of-mouth among CEOs and board members. The firm established its first formal office in Boston. This was followed by a European office in London in 1979. Bain & Company was incorporated in 1985. The firm grew an average of 50 percent per year, reaching $ 150 million in revenues by 1986. The number of staff at

756-506: Is on corporate strategy. In 1999, The Bridgespan Group was created to work with non-profits as an independent nonprofit itself. Bain & Company also maintains an in-house social impact practice and pledged in 2015 to invest $ 1 billion in pro bono consulting by 2025. This practice is built upon different pillars, including social and economic development, climate change, education, and local community development. Organizations that Bain has supported through pro-bono work include UNHCR ,

810-492: The American Bar Association in 2017. The school obtained full ABA accreditation in 2022. As of fall 2019, the student body is 52% Hispanic, 28% African-American, 14% Caucasian, 2% Asian, and 4% Other. Women make up 67% of the student body and men make up 33%. UNT Dallas faculty is 48% Caucasian, 26% African-American, 10% Hispanic and 6% Asian. The campus developed by recruited senior faculty members, with

864-582: The Big Three management consultancies , Bain & Company was founded in 1973 by former Group Vice President of Boston Consulting Group Bill Bain and his colleagues, including Patrick F. Graham. In the late 1970s and early 1980s, the firm grew rapidly. Bill Bain later spun off the alternative investment business into Bain Capital in 1984 and appointed Mitt Romney as its first CEO. Bain experienced several setbacks and financial troubles from 1987 to

918-602: The Sooner Athletic Conference (SAC) as a provisional member since the 2020–21 academic year (where the school began its athletic program, while achieving NAIA full member status in 2021–22). The Trailblazers had applied for membership with the NAIA and was accepted into the association in March 2020. The NAIA membership bid was endorsed from the SAC, and UNT Dallas awaits on a decision on conference membership during

972-657: The World Childhood Foundation , and Teach for America . Bain's pro-bono work was in 2015 awarded by Consulting Magazine as a winner of their Excellence in Social and Community Investment Awards for having "redefined how companies approach corporate social responsibility." Later in the 2000s, Bain introduced service packages for specific areas of expertise, such as the supply chain. The firm also became more heavily involved in consulting with private equity firms, advising on what companies to buy, facilitating

1026-501: The Texas Education Agency, is working with Dr. Gasko to increase the university's partnerships with area school districts. Williams is UNT Dallas’ inaugural Distinguished Leader-in-Residence. In December 2016, UNT Dallas announced the hiring of Dr. Betty Stewart as Provost and Vice President of Academic Affairs. The UNT System opened a law school in downtown Dallas in 2014 and received provisional accreditation by

1080-929: The Texas Higher Education Coordinating Board certified this enrollment and granted UNT Dallas status as an independent general academic institution. Freshmen and sophomores were admitted for the first time in the Fall of 2010. From the beginning, the head of the campus was John Ellis Price. Initially he was designated the UNT Dallas Campus chief executive officer; the position was later upgraded first to vice chancellor, then "president designate" and finally, President. Price announced in July 2012 that he would not remain in his job after his contract ends in August 2013. On March 26, 2013,

1134-632: The UK. South Africa's National Treasury announced on 29 September 2022 that Bain & Company had been banned from South Africa state contracts for 10 years, for alleged ‘corrupt and fraudulent practices’. Bain & Company provides management consulting services primarily to Fortune 500 CEOs. The firm advises on issues such as private equity investments, mergers & acquisitions, corporate strategy, finance, operations, and market analysis. It also has departments focused on customer loyalty, word of mouth marketing, and digital technology. Most of its consulting

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1188-687: The UNT Board of Regents announced that Dr. Ronald T. Brown would become the next President, effective July 1, 2013. On August 1, 2015, Ronald T. Brown was moved to a new position within the UNT System and former Dallas Morning News Editor, Bob Mong, was instated as UNT Dallas' third President. 2016 brought many major developments to the campus. The campus broke ground on its first residence hall in August. The building will house its first students in Fall 2017. Full-time enrollment for Fall 2016 jumped to more than 3,000 students, an increase of almost 22% over

1242-546: The UNT System to establish UNT Dallas as an independent university once enrollment reached 2,500. A 2003 bill changed the requirement to the equivalent of 1,000 full-time students for one semester. A ground-breaking ceremony for the first building on the future campus took place in October 2005. The first 76,000-square-foot (7,100 m), permanent building on the UNT Dallas Campus site was occupied in January 2007. The building

1296-466: The acquisition of two Scotch whisky companies, growing profits six-fold. During this time, Bain made an exception to company policy by allowing a consultant to serve as an interim board member and head of finance for Guinness. Bain & Company was not accused of any wrongdoing and no charges were pressed against the firm for the manipulation of the stock price, but having a Bain consultant work as both vendor and client drew criticisms of its handling of

1350-445: The athletic program was announced after the students voted on a $ 7-per credit hour athletics fee to help fund the department and associated costs. The vote comes after the university established the foundation for collegiate athletics, including the hiring of an athletic director. The basketball teams will initially compete at nearby Cedar Valley College until the university constructs an on-campus sports-and-events center. In addition to

1404-419: The blue team. The blue team accounted for over half of BCG's revenue and profits and won the internal competition. After the competition, Bill Bain grew increasingly frustrated by the wait for Henderson's retirement, the firm's project-based approach to consulting, and the refusal of management to help clients execute on the firm's advice. Around this time, he is quoted to have said to feel like "a consultant on

1458-462: The client becomes so dependent, and the firm so embedded in the client's operations, that Bain becomes unfirable. Bain & Company is known for being secretive. The firm was referred to as the "KGB of Consulting in the 1980s." Clients are given codenames. Employees must sign nondisclosure contracts, promising not to reveal client names, and are required to adhere to a "code of confidentiality." Bain employees are sometimes called "Bainies." It

1512-409: The company from bankruptcy during his one-year stint in the position. Romney had originally left Bain & Company in 1983 after being appointed to lead Bain Capital , an independent private equity firm that would buy companies that Bain & Company partners would improve and re-sell and whose funds these partners invested in. Romney allowed managers to know each other's salaries, re-negotiated

1566-409: The company received government contracts improperly. Bain & Company denied the commission's findings of "wilfully" facilitating state capture within the SARS and claimed that they had "offered full cooperation to enforcement authorities." The release of the report led to significant criticism of Bain & Company, including calls for expulsion from Business Leadership South Africa (BLSA),

1620-508: The conference's spring meetings. UNT Dallas competes in six intercollegiate varsity sports: Men's sports include basketball, cross country and track & field; while women's sports include basketball, cross country and track & field. The university plans to add men's and women's soccer at a later time after the initial launch of the athletic program. Josh Howard was hired as the men's basketball coach in April 2020. The decision to add

1674-729: The consulting fees. The inquiry recommended that the South African National Director of Public Prosecutions (NDPP) institute criminal proceedings in connection with the award of the consulting contract to Bain & Company. The Judicial Commission of Inquiry into Allegations of State Capture, Corruption and Fraud in the Public Sector including Organs of State (better known as the Zondo Commission) found that Bain & Company worked together with then President Zuma and Tom Moyane to facilitate

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1728-459: The details below. Request from 172.68.168.226 via cp1108 cp1108, Varnish XID 253607720 Upstream caches: cp1108 int Error: 429, Too Many Requests at Thu, 28 Nov 2024 10:40:30 GMT Bain %26 Company Bain & Company is an American management consulting company headquartered in Boston, Massachusetts . The firm provides advice to public, private, and non-profit organizations. One of

1782-439: The early 1990s. Romney and Orit Gadiesh are credited with returning the firm to profitability and growth in their sequential roles as the firm's CEO and chairman respectively. In the 2000s, Bain & Company continued to expand and create additional practice areas focused on working with non-profits, technology companies, and others. It developed a substantial practice around working with private equity firms. Bain has been

1836-511: The firm grew 25 percent per year and expanded from 12 to 26 offices. By 1998, the firm had $ 220 million in annual revenues and 700 staff. Bain created two technology consulting practice groups, bainlab and BainNet, in 1999 and 2000 respectively. bainlab was originally founded as Bain New Venture Group. It helped startups who otherwise might not afford Bain's fees and accepted partial payment in equity. In February 2000, Gadiesh

1890-445: The firm tripled from 1980 to 1986, reaching 800 in 1987. By 1987, Bain & Company was one of the four largest "strategy specialist" consulting firms. Employee turnover was 8 percent annually compared to an industry average of 20 percent. Some of the firm's largest clients in this period were National Steel and Chrysler , each of which reduced manufacturing costs with Bain's help. In the late 1980s, Bain & Company experienced

1944-587: The firm's debt, and restructured the organization so more partners had an ownership stake in the firm. Romney convinced the founding partners to give up $ 100 million in equity. Bain and most of the founding partners left the firm. Romney left again in December 1992 to pursue a career in politics, but not before he organized an election the following year that lead to the appointment of Orit Gadiesh as chairman and Thomas J. Tierney as worldwide managing director in July 1993. Gadiesh improved morale and loosened

1998-399: The firm's financial troubles. Bain hired former U.S. Army general Pete Dawkins as the head of North America in hopes that new leadership could bring about a turnaround, but Dawkins' leadership led to even more turnover. Bill Bain tried to sell the firm but could not find a buyer. Mitt Romney was hired back as interim CEO of Bain & Company in January 1991 and is credited with saving

2052-476: The firm's policy against working with companies in the same industry to reduce its reliance on a small number of clients. London-based Gadiesh has been serving as chairman since. By the end of 1993, Bain & Company was growing once again. The firm went from 1,000 employees at its peak, to 550 in 1991, and back up to 800. The firm opened more offices, including one in New York in 2000. From 1992 through 1999,

2106-408: The firm. There were two rounds of layoffs, eliminating about 30 percent of the workforce. The Guinness share-trading fraud began with Britain's Department of Trade and Industry investigating whether Bain's client Guinness illegally inflated its stock price. Bain had helped Guinness trim 150 companies from its portfolio after a period of excessive diversification and expand into hard liquor with

2160-565: The following year. " In February 2022, Bain announced the acquisition of ArcBlue, a procurement consulting firm active in the Asia-Pacific region. In 2023, annual revenues were $ 6 billion and there were 19,000 employees. In January 2024, the Financial Times reported that Bain had chosen Christophe De Vusser, the head of its European private equity advisory business, to become the firm's global chief executive. De Vusser,

2214-566: The intention of being "a comprehensive metropolitan university." As growth slowed, and as the student body remain predominantly part-time, not rising above the initial 1,000 full-time equivalents, the management consultants Bain & Company were asked to develop a plan for development. According to the Chronicle of Higher Education , their plan, proposed in 2012, calls for "a narrow set of career-focused majors in fields like business, information technology, and criminal justice, as well as for

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2268-558: The internal capacity of their neighborhood associations. Also in Fall 2016, Dr. John Gasko, Dean of the School of Education at UNT Dallas, officially launched the Emerging Teacher Institute (ETI) whose mission is focused on the concept of preparing teachers ‘…to effectively teach and reach students in high-need classrooms and remain stable in the face of adversity over time’. Michael L. Williams, former Commissioner of

2322-458: The other big consulting firms, it began working more with governments. Bain maintained a "generalist" approach to management consulting but created a separate specialist business unit for IT and technology. In 2012, Robert Bechek was appointed CEO and was later ranked as the most-liked CEO in Glassdoor employee surveys. On November 20, 2017, Bain announced that Bob Bechek would step down as

2376-656: The previous year. In October, DART completed the extension of their Blue Line bringing rail service directly to the UNT Dallas campus. This opens the door to those living along the Blue Line corridor as far north as Rowlett. The SERCH Institute at UNT Dallas (Service Education Research Community Hope) partnered with Mayor Mike Rawlings’ GrowSouth initiative and began working with 10 AmeriCorps VISTA members working in approximately 32 neighborhoods in southern Dallas. Their efforts are aimed at strengthening neighborhoods and build

2430-516: The same time period. Bain promises clients it will not work with competitors but in exchange requires that the client commit to a long-term engagement. The firm's approach to non-competition was unique and helped Bain grow through word-of-mouth among corporate boardrooms. However, since Bain insists on long-term engagements and implements the advice they provide, competitors claim Bain seeks out insecure CEOs that are looking to outsource their jobs. In some cases, Bain's billings increase every year, but

2484-490: The special events center, the university's master plan includes a cross country course at the eastern end of the campus as well as future projects such as a baseball/softball complex, tennis courts, and department office space and fitness space for athletics and recreational use. Royce West Too Many Requests If you report this error to the Wikimedia System Administrators, please include

2538-528: The subject of recent controversy related to its involvement with the South African Revenue Service . The idea for Bain & Company was conceived by co-founder William Worthington Bain Jr. during his time at the Boston Consulting Group (BCG). In 1970, BCG CEO Bruce Henderson decided to divide his firm into three competing mini-firms: blue, red, and green. Bill Bain and Patrick Graham headed

2592-432: The take over of SARS; and that this takeover was at least partially motivated to prevent SARS from using its powers to investigate incidents of corruption. It was noted that Bain & Company attempted to bribe a former company employee, Athol Williams , to "bury the truth" during the commission hearings. The commission recommended that all state contracts with Bain & Company be reviewed for possible incidents where

2646-523: The worldwide managing director. Manny Maceda , was elected to succeed Bechek as the worldwide managing director effective March 2018. In an interview with the Financial Times , Maceda announced a focus on the expansion of Bain's digital practice. "Bain & Company acquired FRWD, a digital marketing agency based in Minneapolis, in 2018. Additionally, it acquired an analytics firm, Pyxis,

2700-420: Was elected for her third consecutive term as the firm's chairman, and Tom Tierney was replaced by John Donahoe as managing director. Around 2000, the firm became more involved in consulting private equity firms on which companies to invest in and collaborating with technology consulting firms. By 2005, Bain had the largest share of the market for private equity consulting. By 2018, Bain's private equity group

2754-416: Was made possible by a state tuition revenue bond (TRB) initiative of $ 25.5 million. Further funding from the same source was used to construct the second building, and construction began in 2009. Enrollment on the UNT Dallas Campus initially grew at an average annual rate of 14 percent per year and reached the necessary full-time equivalent of 1,000 students during the spring semester of 2007. In April 2009,

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2808-575: Was originally a pejorative term but was adopted by employees as an affectionate term. According to Fortune , were Bain & Company a person, "it would be articulate, attractive, meticulously well groomed, and exceedingly charming. It would exude Southern gentility. But it would also be a shrewd, intensely ambitious strategist, totally in control." Bain is often placed among the top best places to work in annual rankings by Glassdoor and Consulting Magazine . Bain has an active LGBT employee group called Pride (formerly BGLAD), and has been highly ranked as

2862-522: Was over three times as large as that of the next largest consulting firm serving private equity firms and represented 25% of Bain's global business. Bain & Company does not publish its revenues, but it is estimated to have experienced double-digit annual growth in the 2000s. Although the market for management consulting was declining, the Big Three management consulting firms , including Bain & Company, continued to grow. Bain expanded to new offices in other countries, including India in 2006. Like

2916-487: Was started from his apartment in the Beacon Hill neighborhood of Boston. A significant part of the firms for which he was responsible at BCG also followed Bain to the new company. Within a few weeks, Bain & Company was working with seven former BCG clients; this included two of BCG's largest clients, Black & Decker and Texas Instruments . As a result, Henderson accused Bill of stealing BCG's clientele. It

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