We are in good hands IMOThis guys owns about 1/3 of MPV. He is 64 years old. He has a record of turning things around quite quickly and I'm sure will take his profits from this venture in an expeditious fasion. We are in good hands.
Dermot Desmond started his career in finance with Citibank, and spent time with the Investment Bank of Ireland and Pricewaterhouse Coopers in Afghanistan before founding his first hit company in 1981 -- NCB Stockbrokers. It eventually became Ireland's largest independent brokerage and sold for $39 million in 1994. With the proceeds, Desmond started his own private equity firm, International Investment
& Underwriting, which now has stakes in travel software firm Datalex, Mountain Province Diamonds, Barchester Healthcare and Glasgow soccer club Celtic PLC. He recently sold online gambling exchange Betdaq for a reported $40 million. He and fellow Irish billionaire Denis O'Brien increased their stakes in struggling Independent News and Media. An avid golfer, he's known as "The Kaiser" for his distinctive mustache.