This week, Dean Williamson interviews our very own Paul Merage, Chairman of MIG Group. Takeaways from this episode include opportunities for tomorrow’s entrepreneurs as well as intrapreneurs, changing dynamics of global business and the future of technology.
Paul is a philanthropist, an innovative and successful entrepreneur, and a champion of education. Born in Iran during World War II. In the early 1960s, his father sent him to the United States so that he might have a better future. He arrived alone and could barely speak English. However, he soon enrolled at Hope College in Michigan where he excelled as a top student, giving him the academic accomplishments necessary to transfer to UC Berkeley. By the time he was 22, he had earned both his bachelor’s degree and his MBA.
Paul planned his career carefully. He researched the restaurant industry to find out what owners and customers needed most and eventually used this information to found Chef America. With an eye for change, Paul recognized the demographic and social shifts in America — more working parents, less time to prepare meals for families and an array of advances made possible with the expanding use of the microwave oven. Paul seized this opportunity and created HOT POCKETS® as an innovative answer to societal trends. His new product ensured that Chef America was a great success, and it was eventually purchased by Nestlé.
Now Paul is leaving a different legacy — giving back to the community. In addition to his namesake donation to The Paul Merage School of Business, he maintains involvement with organizations that reflect his own immigrant background and his passion for America. These charitable organizations expand educational opportunities for families with low to moderate income levels. The Merage Institute for the American Dream offers major fellowships to outstanding immigrant college students “to help them pursue their American Dream.” And through the Children First Foundation, needy children are provided with educational, developmental and mentorship opportunities.