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The foundations of success

by Thomas Schellen

Chahe Yerevanian, the chairman and chief executive of real estate company Sayfco Holding, is clearly comfortable in his capitalist boots. He has no reason not to be, since he owns 50 percent of a company that by his own estimate is worth about $350 million and has accrued $40 million in net profits over the past three years. That profit is equal to or higher than what the entire company was worth when he and his brothers transformed Ara Yerevanian & Sons, the family business established by their late father, into Sayfco not even 10 years ago.   Related article: Q&A with Chahe Yerevanian   In the manner of a modern, corporate governance-oriented businessman, Yerevanian has no qualms disclosing his corporate pay to Executive — $40,000 per month versus an average employee pay of $3,000 — and explaining in generous strokes with the valuation brush that the company’s $350 million

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