GLENN MYLES - WALL STREET CAPITAL TYCOON by Kaya Morgan
Spanning an international career over the last 20 years, Glenn Myles has been involved in more than $7 Billion worth of business transactions. As President and CEO, Glenn leads the First Wall Street Capital International team, an investment banking company that works on a wide variety of projects both in the U.S. and on international projects in London, Paris, Moscow and Beijing.
Of humble beginnings, Myles grew up living on the water in Brooklyn with his brother and sister, raised by their single mom. After high school he attended Brooklyn College working as a taxicab driver to help pay his way. A theatre major, he never dreamt of going into the business world but at 22 years old, was offered a movie project starring Muhammad Ali, then at the top of his career, with a budget of $5.5 Million. His job was to find the money, although he had never raised money for anything. Not knowing where to begin, he took out the Yellow Pages and looked up "Motion Pictures." After calling everyone on the list, he secured a few appointments but still could not find anyone interested enough to put up the money the studios didn't want it and investors didn't believe in it.
Then, while running to catch a taxicab in the rain in downtown Greenwich Village, he ended up sharing the cab with a beautiful, young African-American woman who was heading the same direction as he in more ways than one. As they began to make small talk in the cab, as luck would have it, she was the girlfriend of the Ambassador from Kenya to the United Nations. Myles and Ali's attorney flew to Kenya to negotiate the deal. The Kenyan Government decided to put up half of the money for the film and still, Myles could not convince Hollywood to cover the other half.
"Although that film was never made, it was a very good lesson for my future growth as a businessman. From that experience, I decided that if money were only going to change my life slightly, I'd rather be on the giving side than having to beg for it. So, I've devoted the rest of my life to using my creative skills to provide sources of capital for entrepreneurs and for my partners," explains Myles.
Having always had high aspirations, somehow, everything he touched was like spinning gold. A natural born fiancier, coupled with a powerful, vibrant, and charming personality, Myles worked his way through various ownership positions in a gamut of diverse businesses from retail, auto parts, finance, shopping centers, hotels, oil drilling, the music business, movie production companies and even a professional sports team.
At one time, Glenn owned Royce Union Bicycles, and a chain of women's specialty stores, Finders-Keepers, as well as owning Wilcox International that procured goods and merchandise from China and Hong Kong for sale through his retail chain. In addition, he was also a shareholder of Hulk Hogan Vitamins, and the Solaris Marketing Group.
There's little doubt that under Glenn's direction and management, First Wall Street Capital has increased in scope and reach. In addition to his current activities in the field of e-Commerce, he is a board member of Fountainhead Communications, a Value Added Network (VAN) that enables the transmission of electronic data to be exchanged via the Internet.
A board member of FUSEBOX, a company in New York that designs award-winning, customized and integrated e-business solutions, he is also involved with AG Telecom-Internet Investors II, LP, a $50 million dollar equity fund established to invest in companies primarily in the Dulles/Washington D.C. corridor, with a focus on emerging Internet and telephony companies.
Glenn has substantial experience in both the financial and the entertainment business as former Executive Vice President of the Davis Companies, a holding company of diverse and extensive business operations that included oil and gas exploration, real estate, the Aspen Ski Company, and Davis Entertainment. He reported directly to Marvin Davis former owner of 20th Century Fox, the Beverly Hills Hotel and Pebble Beach. Somehow, Myles always felt that it was more important to have the people he worked with receive the publicity, preferring to keep a low profile himself.
In his leisure hours, Glenn loves a good game of tennis. With a tennis-pro brother, he never really aspired to reach that level of expertise and considers himself only a "B" player. Having owned interests in several racehorses, the Myles' enjoy showing and riding their quarter horses, Palomino and Appaloosa through the Long Island countryside. "Now I know why Ronald Reagan spent so much time riding. You're out on the trail for several hours with quiet time to just think. In my business, it's high stress, 24/7. There's always a partner that needs your time, a deal that needs your attention. There's always a structure that goes wrong in the transaction," sighs Glenn.
Family is clearly the most important thing to him. With a Park Avenue apartment in Manhattan, and another gorgeous home on eight acres in the Hamptons, there is always quality time set aside to spend with family. When taking a well-deserved break from hectic business schedules, Glenn loves to spend quiet time at home with Marjorie, his wife of 25 years, or engaged in a stimulating game of basketball with their two grown boys, Justin and Matt, on their home court. As time permits, the family loves to spend time riding, boating or simply entertaining friends. When they do travel, Europe is at the top of their list. But, sports is also one of the Myles' passions and favorite pastimes. They always manage to find the time for season's tickets to the New York Nicks, and even attempted to acquire a major sports team recently.
The Myles' also give their time and energy to a number of charities including the a youth foundation that provides inner city kids with jobs at major corporations like Lehman Brothers, IBM or NBC; a foundation providing grants to Native Americans, and a foundation providing assistance and training for displaced or out-of-work adults in the inner cities.
Asked if he has any regrets, Glenn replies, "Well, there was an old man once, when we were making investments in Atlantic City in the early days, who told us to go to Las Vegas that it would become the Mecca of the gaming industry! Beyond that, I truly wish for more quality time with our boys. And, I feel bad when we don't ride the horses. If we don't go out on the boat, it doesn't matter because a boat has no feelings. But, if we don't ride the horses, I feel we're neglecting them."
Myles believes that, "Certain things are meant to be. You can never really know what will happen next but should always be prepared for anything." That adage and his commitment to helping others realize their dreams has indeed served him well.
For more information, go to www.firstwallst.com
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