Short Game Tips
A finance professional with more than 30 years of experience in investment and banking in the oil and gas sector, Eric Fornell serves as the vice chairman of investment banking for Wells Fargo Securities. In his leisure time, Eric Fornell is an avid golfer and is constantly working to improve in all aspects, including the short game.
High-loft clubs can be a detriment to beginner and intermediate players looking to tighten up their short game. These types of clubs, such as a sand wedge, require precision and impeccable ball-striking ability. Striking the bar poorly, however, can result in some pretty terrible shots. In order to lower shot variance and dependency on striking the ball, try using a lower-loft club, such as a 7-iron or 8-iron, hitting a bump-and-run type shot rather than a traditional lofty pitch. This approach is more forgiving, both in striking dependence and directional placement.
For shots that are almost certainly going to find the green, speed is much more of a concern than perfect placement. Hitting a green is wonderful, but if it takes you three puts to put the ball in the hole, you aren’t doing yourself any favors. This happens often, however, because players focus on trying to perfectly aim for the pin rather than account for the speed and break of the green. Instead of zeroing in on the pin, work on placing a shot that won’t zoom past the hole, or conversely come up short because you misread the speed of the green.
Eric Fornell is a finance executive with over 30 years of experience in banking and investment in the oil and gas sector. Eric Fornell currently serves as the vice chairman of investment banking for Wells Fargo Securities, a role in which he advises Wells Fargo’s energy and utilities clients.
As a major corporation in the modern business world, Wells Fargo maintains a commitment to corporate social responsibility through a number of community-based giving programs. It’s primary platforms focus on goals such as social inclusion; the creation of a low-carbon, environmentally friendly economy; and economic empowerment in underserved communities.
Some of the corporation’s philanthropic efforts also focus specifically on the needs of military veterans, providing assistance like grants, financial education, and job search tools to members of the United States military who have transitioned to civilian life. This commitment was evident in December of 2016, when Wells Fargo donated a mortgage-free home in North Haverhill, New Hampshire, to retired Army Ranger Jeremy Dolan, who was injured during his second tour in Afghanistan. Mr. Dolan and his wife will live in the home with their infant daughter and two dogs.
A graduate of Oxford University and Amherst College, Eric Fornell is the vice chairman of investment banking at Wells Fargo Securities, New York. Tasked with providing financial support to Wells Fargo clients in the energy and utility industries across North America, Eric Fornell played a lead role in advising TransCanada PipeLines Limited in its acquisition of Columbia Pipeline Group.
In an acquisition, one company takes over most or all of another company’s ownership. The company taking ownership is called the acquiring company, while the company being acquired is called the target company.
An acquisition is said to have occurred when the acquiring company purchases more than 50 percent of the target company. This ownership is evidenced by control of the target’s assets or stock. The goal of the acquiring company may be to increase market share, expand its product offerings, or expand its asset base.
Acquisitions may be either friendly or hostile. In friendly acquisitions, the target company agrees to be acquired and plays a role in ensuring the completion of the purchase. In hostile acquisitions, the target does not agree to be acquired and the acquiring firm often resorts to aggressive tactics to complete the acquisition.
University Liggett School
As vice chair of investment banking for Wells Fargo Securities in New York City, Eric Fornell offers strategic and financial advice to clients who primarily work in the utility and energy industries. A charitable individual, Eric Fornell has served on the board of several schools including the University Liggett School found in Grosse Pointe Woods, Michigan.
Established by Reverend James D. Liggett and six members of his family, the University Liggett School is the oldest independent coeducational school in the state. The school offers instruction for students from pre-kindergarten through grade 12. Its more than 600 students come from more than 50 different zip codes, mainly found in Detroit and its suburbs. Known as one of the top educational institutions in the country, University Liggett School sits on 50 acres in Grosse Pointe Woods.
In June 2016, the University Liggett School announced the recipient of the Nicole Marie Shammas Memorial Scholarship. Sixth grader Summer Orlowski of Macomb Township received the 2016-17 scholarship, which is a $1,000 award given for three years of middle school. Recipients must show an interest in the arts and academics. The scholarship is a gift from the Shammas family of Grosse Pointe Woods in honor of Nicole who passed away while in middle school 30 years ago. In the previous two years, eighth grader Harisen Davis and seventh grader Kendall Spivey won the award.
As the vice chairman of investment banking at Wells Fargo Securities in New York, Eric Fornell helps clients maximize their return on investment. He largely works with clients in the energy and utility sectors and major Wall Street banks. Eric Fornell’s experience allowed him to contribute to the banks’ development of the Carbon Principles.
In 2008, three of America’s largest financial institutions worked together to establish the Carbon Principles. These guidelines provide a framework for determining which energy-sector projects are environmentally clean enough to finance and which ones may be too risky. In order to stay ahead of federal regulators and avoid risk, Citigroup, JP Morgan Chase, and Morgan Stanley agreed to three overarching commitments:
1. Encourage investments in renewable and cost-effective energy sources rather than fossil fuels. Clients should be encouraged to consider the value of reduced and avoided CO2 emissions in their investments.
2. Use the jointly established Enhanced Diligence Process to evaluate potential transactions. All three partnering institutions agree to use the same process for evaluating energy projects and for determining what terms can be offered to finance certain projects.
3. Foster environmental education within the financial world. Clients, regulators, and related professionals need to understand the new requirements for financing and how the Enhanced Diligence Process changes their responsibility to evaluate projects.
Veteran financial professional Eric Fornell serves as vice chairman of investment banking at Wells Fargo Securities in New York, New York. Responsible for the bank’s successful expansion into Canada, Eric Fornell personally oversaw the company’s Calgary- and Toronto-based teams.
In recent years, American financial institutions have enjoyed a great deal of success moving north into Canadian markets. Merrill Lynch and Citi were among the first to make the jump, beginning in 2009. Wells Fargo is one of the more recent adapters, but the investment giant has made significant progress in Canada already.
Part of Well Fargo’s success comes from the sheer amount of capital it has to lend in Canadian markets. Company representatives made the rounds with major Canadian companies early in the game, emphasizing the big bank’s ability to deliver. Wells Fargo also has been able to leverage its holdings in tangible assets including rail and pipelines, which appeal to big names in Canadian and American business.
University Liggett School
As the vice chairman of investment banking with Wells Fargo Securities in New York, Eric Fornell helps clients make wise investments in the energy and utility sectors. An active supporter of education, Eric Fornell has volunteered on the board of trustees for the University Liggett School, the high school he attended as a young man.
The University Liggett School is one of Michigan’s premiere private schools for students in pre-kindergarten through the 12th grade. Nationally recognized for its excellence, the institution is known for small class sizes, top-tier educators, and curriculum that puts students in control of their learning.
Older students at Liggett participate in an academic research program during their last four years at the school. Freshmen and sophomores practice their research skills and continue to build up strong foundations in critical thinking and applied learning. Juniors and seniors go on to engage in scholarly research, which ends with a cumulative research project tailored to each individual’s unique interests. Students receive an opportunity to present their findings publicly, providing them with valuable experience that serves them as they continue on to higher education.