Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald, interviewed Paul Rainey. He serves as Executive Vice President of Operations and Finance for Penske Media Corporation (PMC). In this role, he works across PMC’s portfolio of award-winning brands, including Rolling Stone, Billboard, Variety, The Hollywood Reporter, Vibe, Robb Report, SHE Media, Dick Clark Productions, Luminate, Sportico, and SXSW. Rainey oversees all operations and financial decision-making affecting the various operating companies that report to him. He provides strategic financial input companywide, including developing and implementing operational and financial procedures to improve and maintain the economic health of PMC and its leading media brands. He also guides acquisitions and investments.
Paul also serves on several boards. He is the Audit Committee Chair of Redaptive, Inc. board of directors and a SXSW director. An accomplished senior executive with 25 years of financial leadership experience across multiple verticals with extensive international experience in billion-dollar operations spanning five continents.
Rainey holds a Master of Science in Accountancy and a BBA in Finance and Computer Applications from the University of Notre Dame.
*Company Description
Penske Media Corporation (PMC) is a leading global media and information services company whose award-winning content attracts a passionate monthly audience of more than 350 million. Since 2004, PMC has been a pioneer in digital media and live events, reaching viewers on all screens across its ever-growing constellation of iconic brands, which includes Variety, Rolling Stone, The Hollywood Reporter, Billboard, Dick Clark Productions, WWD, SHE Media, Robb Report, Deadline, Sportico, BGR, ARTnews, Fairchild Media, Vibe, IndieWire, Artforum, Gold Derby and Luminate, the premier data and analytics company. PMC’s journalists and content creators deliver daily the most comprehensive news and information in their industries and areas of coverage, unequaled in ambition, depth, and courage. In addition, PMC owns several of the most iconic and vital cultural events such as the Golden Globes, Country Music Awards (ACMs), Billboard Music Awards (BBMAs), New Year’s Rockin Eve, SXSW, American Music Awards (AMAs), LA3C, Life is Beautiful, Latin Music Week, and ATX Television Festival. Penske Media is headquartered in New York and Los Angeles with additional offices in 14 countries worldwide, for more information, please visit www.PMC.com
I have worked for some of the largest companies in the world (General Electric for 15+ years across 5 continents) and have been a board advisor to startups with a few employees that have gone on to obtain Fortune 100 companies as clients. I have seen many paths and time horizons to financial stability and can share what I have observed in a few areas specifically in a time where people are struggling with remote work to return to offices turning the "work/life" balance and or priorities upside down. While they are also trying build wealth to gain financial security while they pursue professional careers:
Talking Points
1) Work life balance - How to navigate in today's environment
2) Wealth building - What is reasonable time horizon (overnight?), How to think about generating passive income, keys to investing
#BEST
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#SHMS
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