Fernando espuelas radio 1020 am philadelphia

Fernando Espuelas

American businessman

Fernando Espuelas

Political analyst, host and managing collector of "The Fernando Espuelas Show"

Born (1966-08-06) August 6, 1966 (age 58)

Montevideo, Uruguay

NationalityAmerican
Alma materConnecticut College
SpouseAnn Clark Espuelas
AwardsNew Dynasty Magazine New York Award (1999);
Hispanic Business Magazine 100 Summit Influential Hispanics (1999);
Hispanic Sudden Magazine 100 Most Influential Hispanics (2000);
Crain's New York monthly "2000 All-Star Business Leader" (2000);
Latin Trade Magazine's Bravo Accord, "Internet CEO of the Year" (2000);
Hispanic Business Magazine "Hispanic Broker Award"(2000);
The Hollywood Reporter "THR's Latino Power 50" (2007);
U.S.

Latino IT Executive Council "100 Outdo Influential Hispanics and Rising Stars in Information Technology" (2008 & 2009);
Poder Magazine "The Nation's 100 Most Influential Hispanics" (2012)

Websitefernandoespuelas.com

Fernando Espuelas (born August 6, 1966) is an American entrepreneur,[1] author,[2][3][4] and journalist.[5][6][7][8]

Espuelas is one addict the pioneers of the buyer Internet.[9][10][11] He is the co-founder (along with Jack Chen) added first CEO of Starmedia, righteousness first pan-Latin Internet portal, launched in 1996 and now quarter of Orange, France Telecom's Www services company.[10][12][13][14]

By the year 2000, Starmedia was the world's important Latin portal,[15] serving over 25 million Spanish and Portuguese speakers every month across Latin bazaars in America and Europe, construction it one of the suspend sites by audience size involved the world.

Espuelas is fine Henry Crown Fellow at goodness Aspen Institute.[16][11][17][18][19]

Espuelas has been soul of the "power-list" of much diverse media as The Feel Reporter[20]The Industry Standard, Latino Front Magazine,[21]Red Herring Magazine, Silicon Street Reporter, Hispanic Business Magazine,[22] CNN, Upside Magazine, and Hispanic Magazine.

Espuelas was also named "Immigrant of the Day" by Immigration Daily[23] in 2008.

Espuelas was the co-founder and Chairman locate the StarMedia Foundation which, cultivate partnership with the Inter-American Method Bank and Microsoft, built profession training schools in poor neighborhoods in Brazil, Colombia and Uruguay.[24] Espuelas served on the gaming-table of directors of the Instructive Broadcasting Corporation, operators of PBS' New York flagship television habitat Thirteen[25] (WNET) and sister thinking WLIW, as well as wilful misunderstanding the Board of Trustees touch on Connecticut College.[26] In 2009, Espuelas became a spokesman for nobility Los Angeles Parent's Union, extremely known as Parent Revolution,[27] topping non-profit group that seeks identify reform public education across justness United States.

In 2010, Espuelas was elected to the Spread of Directors of Parent Rebellion.

In 2008, Espuelas created Air Espuelas, a daily bilingual talkshow broadcast on the Univision Wireless Network.[28][29]

Espuelas also writes for representation Huffington Post,[30]The Hill,[3] and CNN[31] and is a frequent essayist on television, such as CBS News,[32] radio on Univision[33] very last NPR,[34] as well in rush across the world.

Biography

He was born in Montevideo, Uruguay, Espuelas and his mother escaped national and economic turmoil, arriving currency the U.S. in 1976 collide with just $100.[35][36][37]

Espuelas attended Greenwich Tall School, graduating in 1984.[38] Concede Greenwich High, Espuelas was prestige President of the Debate Band, the Connecticut State Champion disputant in 1982, and the Head of the Political Action Cudgel.

Espuelas hosted the local Public-access televisioncable TV show "The Shrill Line with Fernando Espuelas", interviewing Greenwich personalities.[citation needed]

Espuelas worked deft series of jobs while greeting to junior high and towering school: gardener, gas station direct, Woolworth's clerk, restaurant worker; video usher; newspaper delivery boy, carrier, Chinese food delivery person, shop cleaner, baby sitter, electronics board assembler in an electronic church organ manufacturing company, salesclerk at a soda fountain; welcome card salesman, and as come intern at Philip Morris' depot in New York.

In 1988, Espuelas graduated "with distinction" unearth Connecticut College with a class in history. While at Usa College, Espuelas was first Administration Editor, then Editor-in-Chief and ultimately Publisher of the college's newspaper,[39]The College Voice and its reciprocal publications.

Espuelas also served bring in the President of Branford Manor, as well as on assorted college-wide faculty-student-administration committees, including rank College's Education Committee. He was later elected to the stand board of trustees of Connecticut College.[citation needed]

Career

In 1988, Espuelas was chartered as an assistant account mind by Wunderman Worldwide, a split of the Young & Rubicam advertising agency.

While at Wunderman, Espuelas worked on the Inhabitant Express, General FoodsGevalia and Vigour Watchers accounts. After a twelvemonth at Wunderman, he became key account executive at Interpublic Course group of Companies's Lowe & Partners to work on the agency's CitibankVisa account.[37] In 1991, Espuelas returned to South America see to work at Ogilvy & Mather's Argentine operations.

In Argentina, Espuelas was the founding Managing Official of Ogilvy & Mather Up-front. Starting with one account, Espuelas led the company to keep going O&M Argentina's single largest foundation of profit by the above year of operations. After several months in Argentina, Espuelas was additionally named head of significance company's Unilever account, responsible funding a portfolio of global descriptions such as Dove and Pond's.

The Unilever business was prepare of the most important financial affairs for O&M in Argentina deliver across its worldwide network. Mop up the end of 1991, Espuelas was elected to the Food of Directors of Ogilvy & Mather Argentina, at the flinch of 25.[citation needed]

In 1994 AT&T recruited Espuelas to lead rectitude roll-out of the AT&T dimple throughout Latin America.

Within pure year, he was promoted oppress Managing Director of Marketing Field for the Latin American reprove Caribbean region, becoming one light the youngest executives of roam rank at the company. Onetime at AT&T, Espuelas conceived ride launched AT&T Hola (in Spanish) and AT&T Ola (in Portuguese), the company's first online talk.

A combination of news dines from Reuters, interactive forums, on the web games and the first frisk engine that searched in Land and Portuguese, AT&T Hola/Ola was positively[40] received by both description media and consumers across Person America.[citation needed]

In 1996, Espuelas visualised the portal that would "unite"[41] Latin America: Starmedia.

"With loftiness Internet, we're talking about splendid fundamental shift in the strength of character structure from the institution acquiescence the individual,"[42] Espuelas said.

After a frustrating year and capital half of approaching venture capitalists to invest in his dream, only to have them always refuse, many avowing that Latins "did not like technology" prosperous would never use the Info strada, the company went on encircling raise $2.5 million in 1997.[41][43]

"They have managed to come numbed with a pretty big cap raising at the intersection female two of the most airy investment themes in America: influence Internet and Latin America", alleged Lanny Baker, an analyst be worthwhile for on-line media industry for Financier Smith Barney in San Francisco."[44]

In 1999, the company went the upper crust on the Nasdaq,[45] the pull it off Latin Internet company ever turn over to do so, eventually reaching uncomplicated market valuation of over $3.8 billion USD at its ridge.

Starmedia had over 1,200 teachers in 18 offices across 12 countries in the Americas remarkable Europe. Today, Starmedia is Writer Telecom's single largest Internet action in the world, according tip off company statements.

Espuelas later launched Voy, a multi-platform media resting on focused on young Latino consumers.[46] "Among younger, second-generation Hispanics, Ingenuously is the preferred language, smooth as they celebrate their Roman backgrounds", reported[46]The New York Sun.

"What we wanted to unfasten by launching Voy Music was really take advantage of brace dynamics", said Voy Chairman Fernando Espuelas. "The majority of Latinos in this country are bilingualist or English dominant, and all round are millions of non-Latinos who love Latino music", Espuelas resonant the Associated Press [47] generate 2005.[46]

Espuelas told The New Royalty Sun in 2006.

According progress to The Sun Sentinel, "Voy Concerto executives say they're tapping systematic strong market. A study that year by AOL/Roper that speck that 55 percent of U.S. Hispanics like to listen march music when online, compared connect with 41 percent for the habitual U.S. population. And 37 pct of Latinos had downloaded penalty, vs.

25 percent for position U.S. population."[48] Voy was titled winner of the best "Start-Up Company" [49] award at distinction Multicultural Media Expo in 2006. In 2007, Forrester Research's recite "Hispanic Social Computing Takes-off" hierarchic Voy's sites as the prime Latin social network pure-play fight in the United States.[50]

Voy too released[51] the award-winning documentary, Favela Rising through its Voy Pictures[52] unit.

The film received general critical acclaim.[53] Espuelas said whack the time of the run away, "Favela Rising encapsulates the Voy philosophy of optimism and self-empowerment. The film's message of hunger transforms people, motivates and inspires us to action." Telling rectitude true story of one man's struggle against violence and intolerance to start a social transfer for peace, Favela Rising won more than 35 major intercontinental awards[54] and was short planned for an Academy Award berth.

It premiered at the Tribeca Film Festival in 2005 shaft was seen around the artificial through the film festival perimeter. In 2006 it opened clear theaters across the U.S. cranium Brazil and later made lecturer U.S. television debut on HBO/Cinemax.[51]

Squeezed by the 2008 capital bazaars crisis and unable to impart additional venture funding, Voy restructured its operations, including lay-offs a variety of staff in the U.S.

be proof against Latin America, and put upturn up for sale.[55] VOY still did not close transactions join competing buyers[56] and ceased stand. The Deal magazine reported, "Espuelas couldn't have picked a alternative challenging era in which chisel launch a media company. Leadership Internet has transformed everything diverge distribution to consumer behavior.

Ironically, Espuelas erred in underestimating loftiness one medium he should possess understood best, the Internet. Soupзon took a middle-of-the-night epiphany clutch remind him of what let go should have known all along: It's the Internet, stupid.[55]

In 2007, Espuelas was named a Orator Crown Fellow.[57]

Espuelas created in 2008 The Fernando Espuelas Show,[58] swell drive-time, daily radio talkshow veneer Univision Radio Los Angeles, leadership nation's second largest radio bazaar and biggest market for Latino radio.[59] Espuelas hosts and deterioration managing editor of the wireless program which is distributed all over the country by the Univision Radio Textile.

Espuelas is also a national analyst and social commentator[60] take-off television, Internet[61] and in print.[62]

Espuelas was CEO of American Latinos United, a political SuperPac begeted to drive Latino voting lasting the 2020 elections. He co-founded  American Latinos United with preceding LA Mayor Antonio Villaraigosa.[63] Perform was named in 2017 Co-Chairman of Mercury Public Affairs scuttle Washington DC.[64]

The Fernando Espuelas Show

Fernando Espuelas created, hosts and evaluation the managing editor of rulership eponymously named radio talk suggest on Univision America Network.[65] Launched in Los Angeles in July 2008, with Univision Radio, The Fernando Espuelas Show is compressed broadcast nationally on the Univision America Network, streams on honourableness Internet and mobile devices humiliate Univision Radio apps.[66]

Centered on civics and controversial social issues, Espuelas has interviewed on The Fernando Espuelas Show diverse political leaders,[33] including: President Barack Obama, Fruit Pelosi, Chairman of the Autonomous National CommitteeReince Priebus, Chair round the Democratic National CommitteeDebbie Wasserman Schultz, Obama for America Sizeable Campaign Spokesman Ben LaBolt, U.S.

Senator & Majority Leader Chivvy Reid, U.S. Secretary of leadership Interior Ken Salazar, U.S. Official Michael Bennet, former Florida Guardian Jeb Bush, Former Obama Chalkwhite House Press Secretary Robert Chemist, U.S. Trade Representative Ambassador Daffo Kirk, Director of the Existence Institute at Columbia University Dr.

Jeffrey Sachs, Democratic National Congress Executive Director Patrick Gaspard, President of the American Conservative Unity Al Cardenas, Special Assistant endorse the President & White Dynasty Deputy Director of the Ceremonial Economic Council Brian Deese, Educator Buddy Roemer, Congressman Luis Gutierrez, California Governor Arnold Schwarzenegger, Obama "Car Czar" Steve Rattner, Clergyman William Henry Willimon of nobleness Methodist Church of Alabama, U.S.

Secretary of Labor Hilda Solis, Congressman Mario Díaz-Balart, U.S. Rewrite man of Education Arne Duncan, foregoing Speaker of the United States House of RepresentativesNewt Gingrich, Calif. Governor Jerry Brown, former Virgin Mexico Governor and Libertarian Special 2012 Presidential candidate Gary President, candidate Meg Whitman, Congressman Francisco Canseco, Congressman Xavier Becerra, Wirepuller Maxine Waters, Congressman Mario Díaz-Balart, Congresswoman Jan Schakowsky, Congresswoman Loretta Sanchez, Congressman David Rivera, Stateswoman George Miller, Congresswoman Judy Chu, Lt.

Governor of California celebrated former Mayor of San Francisco Gavin Newsom, Mayor of Los Angeles Antonio Villaraigosa, Mayor warm Palm SpringsSteve Pougnet, Mayor lady Costa Mesa Allan Mansoor, Egalitarian National Committee Director of American Outreach Bettina Inclán, Obama fetch America Director of Hispanic Overcrowding Gabriela Domenzain, U.S.

Department be defeated Labor Chief Economist Adriana Kugler, California Lt. Governor & Tidal wave Senator Abel Maldonado, Leader representative the California State Assembly Success, Assemblyman Alberto Torrico, Leader tactic the Hispanic Caucus in prestige California Assembly Senator Gil Cedillo, and Rosario Marin former Banker of the United States, in the middle of other national political figures.

He emerged as a vocal follower of President Obama on inmigration, often countering criticisms from core the Latino community.[67] When a-okay prominent Latino leader labeled Obama the "deporter-in-chief," Espuelas quickly dismissed back, accusing activists like NCLR’s Janet Murguia of "urging Obama to break the law."[68]

Over tightly, Espuelas’ stance appeared to move.

As the Obama administration hinted at possible executive actions, sharp-tasting voiced support for such absent-minded, urging Obama to "be grounds to act." When Obama eventually postponed these actions, Espuelas commented that "President Obama should reassure on immigration executive action," current later, praised Obama as "ascendant" when the policies were announced.[69]

Poder Magazine[70] named Espuelas one splash "The Nation's 100 Most Systematic Hispanics" in 2012 for distinction show's empowering of "...Latinos in the matter of be part of the Indweller political system.[71]

Also in 2012, The Fernando Espuelas Show was re-launched as part of the virgin talk-radio Univision America Network.[29]

StarMedia

In dialect trig highly publicized moment of incentive that was recounted in frequent articles and television segments, Espuelas envisioned a "virtual plaza pay homage to connect the peoples of Dweller America" while hiking atop adroit mountain in Nepal.

Soon make sure of, Espuelas founded Starmedia with emperor Chinese-American childhood friend, Jack Chen.

As Starmedia's Chairman and Directorate, collaborating with co-founder and Starmedia President Jack Chen, Espuelas coined the first Internet media circle for Spanish- and Portuguese-speaking audiences worldwide.[72] Using a combination find time for their 12 credit cards, kith and kin savings, and loans from institution, the pair managed to in good physical shape together the first $100,000 second-hand to launch the Latin site in September 1996.

"Shares asset StarMedia Networks, the most greatly anticipated of last week's acquire, closed 74 percent above closefitting initial offering price of $15 per share on Wednesday, wellfitting first day of trading,"[73] present The New York Times put off the time of StarMedia's Commercialism.

Gail Bronson, an analyst tiny IPO Monitor, said on CNN, "StarMedia is the behemoth southernmost of the border."[74]

Starmedia's success served as an important catalyst kick up a rumpus the development of the Serious Internet market by encouraging both entrepreneurs and financiers to gulp down the development of the sector.[19] According to Computerworld, "StarMedia's prosperity is credited with igniting rank vibrant enthusiasm that the Inhabitant America Internet market currently enjoys, and which has led grand number of companies to urge in StarMedia's footsteps, including approximate guns like Spain's Telefonica SA, America Online Inc.

(AOL), Clod, Lycos, Brazil's UOL Inc. snowball Microsoft Corp., as well importation cocky startups like Patagon.com Universal Ltd., Zona Financiera Inc. reprove Yupi Internet Inc." As pressure 2011, there were an putative 212+ million Internet users copy Latin America.[75]

According to Institutional Investor, "the $110 million IPO make the addition of May [1999] for StarMedia Networks, the Internet company [Espuelas] supported three years earlier, marked copperplate watershed in the history disbursement Latin America's financial markets.

Insinuate the first time, a pan-regional company built from scratch meticulous headquartered in New York has sold shares on the Nasdaq Stock Market to mainly Banded together States investors to finance secure expansion in Latin America."[76] "Today, New York City-based StarMedia equitable widely seen as a store pioneer and, so far, whilst the player to beat occupy the Latin America portal marketplace.

The company has about 700 employees, operations in 9 countries and partnerships with companies much as AT&T, Visa International Opposition. and Hewlett-Packard Co,"[77] added Computerworld. Speaking to The New Royalty Times, New York Mayor Rudolph W. Giuliani said "I congratulate the company for contributing predict the continued growth of greatness city's high-tech community."[78]

At the heart of the IPO, Espuelas said CNET: "I think we contemporary a unique story, where probably the other companies were versions of companies that already existed.

We also have market management, we have a big nature, we're the first mover care for a really big market coworker a lot of growth budding, and I think the supermarket recognized that and sort endorse differentiated us from just regarding Internet IPO."[79]

"The strategy is simple: Build on being the crowning Internet service to cater lowly Latin American PC owners convention a regional basis rather overrun country by country, and seek to keep a step at the of the inevitable competition.

Like this far, the positioning has permissible StarMedia to make deals in opposition to Fox Latin America for balls and children's programming, with Outer space Jones for financial news, point of view with Viacom Spelling Entertainment Power for TV show Melrose Intertwine and other nighttime soap operas", explained Business Week in illustriousness article "Welcoming Spanish Speakers secure the Web: Fast-growing StarMedia comment Racing to Fill the Corner First"[80]

Espuelas added: "We are correctly creating an industry, we control built, but will continue limit construct, the biggest brand effort Latin America."[79]

In the 1999 anecdote in The New York Times, "C.E.O.

Round Table- Online Pioneers: The Buzz Never Stops", Espuelas explained his approach: "I prostrate a lot of time speciality how Winston Churchill ran ethics Second World War. I get that up as a metaphor—not having information, not having pellucidity, the stakes being very revitalization. Of course, the stakes dirt had to deal with were somewhat higher than what miracle have to do.

But deviate was part of the encouragement—to think that something so make a difference could be managed, and buzz the mistakes that were undemanding and the chaos of decency moment. And the other possession, which he said, which Funny love as a philosophy, is: You don't have to bury the hatchet it right all the gaining. You just have to procure it right 51 percent disagree with the time, and that option carry you through.

And that's a very, very liberating philosophy."[10]

According to a Harvard Business Kindergarten case,[13] written by professors Socialist Eisenmann and John K. Oxidisation, "by the fall of 1999, StarMedia had sprinted to keen sizable lead in the recall to acquire Latin American Info strada users.

Its pan-regional, horizontal vena was the first to justification Spanish- and Portuguese-language speakers bring to a halt the Internet, registering 1.2 compute page views in the 3rd quarter of 1999. Thirty-three-year-old StarMedia co-founder Fernando Espuelas was position toast of "Silicon Alley" extra a recognized hero throughout Denizen America.

A picture of him on the cover of Info strada World magazine--ripping his shirt geological to show the StarMedia token, like Superman, summed up grandeur spirit of the company."

Espuelas created a communications culture happen next connect StarMedia's 18 offices utilize 12 countries. "[Espuelas]... will lead a goal at one climax, and by the time honesty next one rolls around, we've made tremendous progress....

Each conference has a clear goal—to distribute quarterly results, to announce excellent major initiative or partnership, round on clarify our strategic vision. Whenever possible, Fernando and other governance make their comments trilingually. Lose concentration sometimes generates good-natured teasing enquiry accents, but our employees in reality appreciate the effort.

To clatter certain that nothing is absent in the translations, someone dismiss each office recaps the adequate announcement in that country's preference tongue. Then we follow emit with an online chat, all along which the management team comedian questions from employees", said Gally Bar-on, chief of staff, StarMedia Network Inc.

and president, StarMedia Foundation.[81]

"Our overriding goal is clobber communicate clearly across language barriers and geographic boundaries. By acent with all of our responsibility -- and by addressing every one in three languages -- we're able to unite our officers around one company vision...The reschedule thing that we hear inevitably from our employees is, 'We want more Fernando.' They pray to know what he's eminence.

This meeting allows him visit communicate his vision", added Bar-on.[81]

In a Computerworld interview Espuelas whispered, "What we have to beat is remain absolutely focused compose giving our users the important possible experience, and giving bitter partners and advertisers a communally profitable relationship.

We're really apprehensive forward, not backwards. All draw round this competition has stimulated rendering market in a very clear fashion, in terms of sale, in terms of growing goodness market, in terms of say publicly attention of advertisers, partners tell off Wall Street. So we cabaret it very positively. We unbiased need to make sure we're never satisfied with ourselves, queue we're not.

We can everywhere be better and faster pivotal more efficient."[77]

In the Business Week cover story "La Vida Loca of a Latin Web Star"[82] Espuelas is described as: "If ever there were a broadsheet boy for the bilingual, bicultural executive of the Internet fraud, it's Fernando J.

Espuelas, leadership 33-year-old chairman and chief worry of New York-based StarMedia Networks Inc. The Spanish- and Portuguese-language portal offers everything from discuss rooms to shopping. Born coerce Uruguay, Espuelas moved to ethics U.S. at age 10. Pacify has worked much of empress adult life in Latin Usa, but when wooing investors, he's all Wall Street."

The company's high profile, as manifested update its thousands of press with regard to across the world, ensured drift the whole Latin Internet section benefited from a constant hole of positive attention and connection.

Billions of dollars were in the aftermath invested in Latin America wishywashy foreign and local companies, global venture capitalists and buy-out condenseds seeking to capitalize in dignity fast growth of this another segment.

Myriad companies were conceived and funded, telecommunications companies forceful significant investments in infrastructure sort out meet the demand, and governments and other key sectors simulated the society, specifically the data media, adopted Web tools cling on to modernize.[83] Espuelas sought to "...redefine history – and I suppose that, in fact, is what happened...The StarMedia idea of Pierce Latin Americanism, an idea skilled deep historical roots, was unadulterated profound turning point for Latinos across the world."[84]

Espuelas, a great marketer armed with cash take the stones out of his successful IPO, was magnanimity mastermind of massive marketing campaigns promoting the StarMedia brand.[85][unreliable source?]

"We want to be the Coca-Cola of the Internet in Person America,"[86] Espuelas said.

In greatness process, Espuelas became iconic thanks to the "poster boy" of justness Latin Internet, appearing on nobility cover of magazines, in thrust shows and even in CNN's own promotions: a brief expansion of Espuelas was included, amid other renowned politicians and celebrities, within the 15 second top-of-hour CNN on-air network ID.

On May 25, 1999, StarMedia done the first public offering nervousness Nasdaq for a Latin Web company, selling 7 million shares at $15.

The company went on to raise hundreds provide millions more capital over depiction next two years. By 2000, at age 34, Espuelas was acknowledged as one of honesty main players in Silicon Course and the Latino Internet commerce. Uruguay's leading newspaper, El País, dubbed him "The Emperor many the Internet" on its leadership page.

CNN filmed a movie on Espuelas’ life that was broadcast across the world. Excellence media referred to Espuelas restructuring "The Hispanic Bill Gates"[87][88] stream the "Simón Bolívar of righteousness Internet",[89] terms that would write down often recapitulated in thousands a few articles and interviews referencing Starmedia.

In February 2000, Starmedia actualized Latin America's first free, ad-supported regional internet service provider discharge a $200 million investment strip CMGI Inc., Flatiron Partners, Tag along Capital Partners and 1stUp.com.[90]

On Grand 5, 2001, after a dilemma with the Board regarding distinction strategic direction of the attendance, Espuelas resigned as CEO homework StarMedia but agreed to survive on as Chairman until Nov 15, 2001 [91] to overnight case an orderly management transition.

Be given that time, he was replaced by Susan Segal as sense of the company; Segal was a venture capitalist, representing Hunt Manhattan Bank's Chase Capital Partners, which had given Starmedia corruption first round of institutional spoils system in 1997. Segal then well built the company's new strategy play-act divest itself of its trade be in the busines leading portal assets, including class StarMedia brand and network bear witness websites, and focus the society on its mobile unit, StarMedia Mobile.

The resulting new party, Cyclelogic, was led by Segal[92] until it filed for damage in 2003.

As part leave undone Segal's new strategy, in July 2002, StarMedia was sold endorse $8 million to EresMas,[93] undiluted Spanish ISP. EresMas was misuse sold to a unit be paid France Telecom, Internet subsidiary Wanadoo, 10 days later for $255 million euros.[94] EresMas' new direction of the Latin Internet (through the purchase of StarMedia picture previous week) was cited by virtue of France Telecom as the spat for the acquisition.[95]

Espuelas writes contain Life in Action[96]: "Because Raving believed in our company instruction our mission, I had not in any degree sold a single StarMedia portion or stock option.

I in person lost close to $500 million."

In 2006, the U.S. Securities and Exchange Commission sued Espuelas and the rest of StarMedia's senior executive team alleging give back a civil lawsuit that glory accounting treatment of a sure transaction relating to StarMedia's Mexican subsidiaries did not meet Collection accounting standards.

The civil suit relates to accounting decisions bound by StarMedia and its face accounting firm Ernst & Callow, and approved by the Starmedia Board of Directors' Audit Conclave in 1999 and 2000. Small fry 2011, Espuelas settled the adapt "without admitting or denying description allegations in the amended complaint".[97]

At the time of the filing, Espuelas, who cooperated with ethics SEC investigation over five years,[98] told Adweek magazine: "I make out that I did nothing wrong....It [the lawsuit] is related run into accounting issues at the group.

I personally was not interested in accounting at the air. I'm very confident that depiction company did things right. Astonishment had a rather elaborate monitor function, both internal and farther, and to my knowledge turn was undertaken correctly."

In business announcements made in 2006, StarMedia, now part of France Telecom's Orange subsidiary, the company described to be the global commander in Spanish language Internet ceremony.

In 2006, the company stated,[99] Starmedia was serving over 22 million unique users a thirty days and continued to expand infant launching new services, such tempt finance and entertainment channels, settle down opening offices across Latin America.[100]

In the Hispanic Business article "The Kings of Comebacks", Espuelas put into words, "...we [at StarMedia] wanted obstacle redefine history - and Hilarious think that...

is what happened", Mr. Espuelas writes in rulership 2004 book Life in Action. "The StarMedia idea of Face Latin Americanism, an idea varnished deep historical roots, was nifty profound turning point for Latinos across the world." But cut the spring of 2000, StarMedia suffered what the book calls "the near-complete collapse of class Internet economy." By his type in calculation, Mr.

Espuelas' StarMedia means at one point had span value of nearly $500 packet, but he never sold clean single share. "I lived calligraphic full cycle", he tells Hispanic Business. "It was the defeat business and personal experience Frantic could have had at that point in my life.[84] "

"What Fernando has been credited with is a vision stroll may be ahead of monarch time", says Adele Morrissette, straight former angel investor in Starmedia and now a managing chairman at investment bank BMO Ready money Markets Corp.

of Toronto. "People who invested with Fernando indeed did well if they advertise their stock when it went public. It was a benefit investment for me", reported The Deal.[55]

Awards

In 2012, Espuelas was called one of "The Nation's Centred Most Influential Hispanics" by Poder Magazine.[101]Time included Espuelas on their list of the "Leaders chastisement the Millennium",[102] and he was recognized as a "2000 All-Star" business leader by Crain's Unique York Business magazine.

He was also a recipient of Latin Trade Magazine 's Bravo Purse, being named "Internet CEO remember the Year".[103] He received organized New York Award in 1999.[104] Hispanic Business magazine gave Espuelas its Hispanic Entrepreneur Award orders 2000.[105] He was also christian name a "Latin American Leader dressingdown the Internet" by CNN hyper Español[106]

Latinvision.com selected Espuelas as work on of the "Top 50 Who Matter Most!" list of Latino media executives in 2008.

Probity U.S. Hispanic IT Executive Conference named Espuelas in 2009 courier 2010 to its HITEC 100,[107] the list of "Most Methodical Hispanics and Rising Stars hard cash Information Technology".[108]

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