Together, Lodestone Global's team has thousands of hours of boardroom experience in public, private and non-profit environments.
Below we highlight our Managing Partner and Founder.
Bernard H. Tenenbaum is the Managing Partner of Lodestone Global, and has personally been a member of or assembled nearly 50 Boards of Directors, public, private and non-profit.
He is also the Managing Partner of China Cat Capital, LLC. The mission of China Cat is to partner with talented entrepreneurial management of companies that make products that parents buy for children. This includes toys, sporting goods, housewares, candy, jewelry and health and beauty aids. He also serves as the President of Children’s Leisure Products Group (CLP). CLP’s most successful investment was in Vivid Imaginations, Ltd., the largest privately held UK-based toy company. Vivid’s revenues at the time of the acquisition were in the $50 million range. Today Vivid’s revenues exceed $360 million after a number of follow on acquisitions, and the company exports to 32 countries.
Bernie is a former member of the Board of Directors at Syms (NASDAQ), a family-owned chain which owns both the Syms and Filene’s basement brands of off-price clothing stores, and chaired their audit committee as well as served as Presiding Director. He currently serves on the Advisory Board of Diesco, a conglomerate based in the Dominican Republic, and MicroTechnologies, a manufacturer based in Costa Rica. He also served as an Advisory Board member/shareholder in Kidlandia, a software platform for children’s personalization products; Yowie.com, a streaming video platform to connect performers, opinion makers and trendsetters directly with their fans, and FanStamp, a company that specializes in makeup-based press on designs and logos. He was the Lead Director of the Advisory Board of Zeman Homes, a Chicago-based owner of 40+manufactured housing communities, as well as an associated lender, sales organization, and management company; and as an Advisory Board member for the Woldenberg Group, a conglomerate of companies in the learning aids, laboratory distribution and real estate businesses. He has served as a member of the Board of Directors at The Franklin Mint, the global collectibles firm; Unger Global, an international manufacturer of professional cleaning equipment; Nexiq Technologies, a publicly traded (OTC) technology company based in Manchester, NH, and as a founding member of the Vision Board of ToysRUs.com.
Bernie has a selective consulting practice which focuses on business strategy with an emphasis on pragmatic execution and corporate governance, often for family-owned companies. His consulting experience with larger organizations has focused on competitive strategies and organizational dynamics, and included such corporate clients as AT&T, IBM, CIGNA Corporation, ToysRUs.com, and the Philadelphia Phillies. In addition, he is an experienced conference chairman, having organized over 200 seminars and conferences in his career.
Previously, Bernie was Vice President of Corporate Development of Russ Berrie and Company (RUS:NYSE), and President of the Toy Group. He was a member of the Board of Directors at Russ from 1989-1997. Russ Berrie and Company was an impulse gift company with 40,000 customers around the world. The company was traded on the New York Stock Exchange, and had 1996 revenues (his final year with the company) in excess of $377 million. At Russ Berrie, he was responsible for the development and implementation of a diversification strategy through the acquisition and subsequent management of entrepreneurial companies that sell to the mass market. The first acquisition was Cap Toys, a Cleveland-based manufacturer of toy and candy products with revenues in excess of $40 million. Cap's sales exceeded $100 million at sale 3 years later. The second acquisition, OddzOn Products, best known as the makers of the Koosh brand of soft sport toys, had revenues in excess of $30 million at acquisition. OddzOn’s sales exceeded $50 million at sale 3 years later. The purchase price for the combined companies was $34.5 million. Both companies were sold to Hasbro for $166 million.
Bernie was the founding Director of the George Rothman Institute of Entrepreneurial Studies at Fairleigh Dickinson University, and the first George Rothman Clinical Professor of Entrepreneurial Studies.
Bernie previously served as the Associate Director of the Sol C. Snider Entrepreneurial Center of The Wharton School of the University of Pennsylvania, the oldest and largest academic program in entrepreneurship in the world. He also founded the Wharton Small Business Development Center, the largest university-based consulting program for small companies in the United States. Bernie taught at The Wharton School for eight years prior to his appointment at FDU. He served as an Entrepreneur in Residence for the Fall, 2003 semester, as a Mentor in the PennVention program during the Fall, 2007 semester, and a judge every year in the Wharton Business Plan Competition.
Bernie has served as the global chair for Family Business programs for the Young Presidents’ Organization (YPO), and organized the 2005 YPO Family Business Summit in San Diego, which attracted YPOers and WPOers (World Presidents’ Organization) from South Africa to Vancouver and was among the highest ranked educational events in 2005. He has been a faculty member at YPO M&A seminars in the US and Europe, and has also taught in all the YPO Building a Board of Directors seminars as well. He is also a member of the World Presidents’ Organization (WPO), and in 2005 won an international YPO award for “Best of the Best “among over 9,000 members at the annual meeting held in Washington, D.C. He won a second “Best of the Best” award in 2009 for the best Cross Chapter event on Building Effective Boards of Directors. He served on the Board of Directors of the Northeast US Region of WPO as Regional Networks Chair for four years, and was elected a member of the YPO International Networks Committee in 2013.
Bernie is a graduate of Columbia College of Columbia University, with a B.A. in English, and did graduate work at Stanford University in Literature and Theatre. He received an MBA in Entrepreneurial Studies from The Wharton School in 1981.