Steven Rales

Steven Rales and his brother Mitchell acquired a REIT in 1983 and merged their profitable acquisitions into the firm, called Danaher.Focused on tax avoidance and cash flow, they acquired more than three dozen companies and turned Danaher into a firm with $20 billion in revenue.In July 2016, the industrial conglomerate spun off some of its assets into a new company, Fortive Corporation.Danaher had $19.9 billion billion in sales in 2018: Rales serves as the chairman of the board at the company. In February 2019 Danaher announced that it will acquire GE's biopharma business for $21.4 billion in cash.