Most of Chenevert’s work was with United Technologies Corporation, also known as UTC for an abbreviation. Under Chenevert’s leadership the company would start at $37 a share and end with $117 a share. This increase at a near 200% would bring the assessed value of the company to a grand total of $63 billion.
Chenevert invested in his workers, the people who make the business actually work day to day. Engineers who were underperforming were known to receive further training and, if needed, to be moved to a location that better fit their gifts.
Chenevert made sure that the company was environmentally friendly. He was able to decrease the company’s once atrocious gas emissions by 26%. If that was not enough to please the environmentalists, Chenevert also decreased water consumption by 53%.
Chenevert would use acquisitions to place United Technologies Corporation into a more strategic place. During his eight year tenure, Chenevert would lead in the negotions to acquire both Goodrich and Otis. These two companies gave UTC the extra power they needed to dominate their field.
Chenevert’s accomplishments would not go unnoticed. After stepping down from the United Technologies Corporation, there was on business in particular that had their eye on Chenevert, Goldman Sachs.
Now, while Goldman Sachs did not have a place on the board for Chenevert, or even a place in the executive office, he was brought on as a consultant as an Exclusive Advisor for the Merchant Banking Division at their headquarters. How much Chenevert is compensated for this role is unknown but we can be sure it is comfortable.