Scarlettie Books

Eric Lefkofsky: Building Successful Businesses and Giving Generously

Eric Lefkofsky is a wildly successful businessman. He has founded numerous companies valued in excess of a billion dollars. But he is also quite generous and gives back a great deal to the community through his philanthropic activities. Lefkofsky is one of the founders of When he took the company public in 2011, he received about $400 million. But rather than simply use the money for himself and his loved ones, he has donated untold millions to charitable causes all around the world through the Lefkofsky Foundation that he founded with his wife in 2006.

Known for founding successful companies like, Starbelly, Echo Logistics, InnerWorkings, MediaBank and Temous, a technology company which creates technology which enables physicians to personalize cancer care for patients all over the world, he also joined The Giving Pledge. Through that organization he has committed to giving the bulk of his wealth to charity. His actions shows that he is more than just a businessman looking to make as much money for himself as possible. Instead, he is using his largess to have a global impact and improve the lives of others.

Born and raised in Southfield, Michigan, Eric Lefkofsky began his career in business selling carpet on the campus of the University of Michigan while he was an undergraduate. After he graduated from the University of Michigan Law School in 1993, he got together with fellow student Brad Keywell, borrowed money from relatives and bought the Madison, Wisconsin apparel company Brandon Apparel. He then went on to co-founded a number of companies with Keywell in a wide variety of industries. Many of those companies are now publicly traded and are nationally and internationally known and more information click here.

Since founding print procurement services company InnerWorkings in 2001, Lefkofsky has been teaching classes at a number of Chicago area colleges. They include DePaul University, Northwestern University and the University of Chicago. He has taught classes on entrepreneurship, building technology-based businesses, Applied Technology and disruptive business models. He also gives of his time and talent by working on the board of directors at several Chicago area organizations. They include Children’s Memorial Hospital, The Museum of Science and Industry, The Art Institute of Chicago and World Business Chicago.

Lefkofsky is the author of the recently published book, Accelerated Disruption. The book looks at how technology impacts business. Eric Lefkofsky is also showing entrepreneurs worldwide ways to help the global community.

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George Soros Sees Similarity Between Beginging of 2016 And 2008 Financial Crisis

George Soros has said on Bloomberg that he has seen a striking resemblance between the opening week of the markets in the new year and what had occurred during the the 2008 financial crisis. Of great concern to Soros, and all other investors is the disappearance of almost two and a half trillion dollars of global equities in only about week. This is a very bad sign for investors and banks that are looking to invest in global equity products.
While visiting the island nation of Sri Lanka as an honorary guest speaker at a economic forum in the capital of Columbo, George Soros mentioned several other key indicators that the economy may be going towards the direction of a recession, as had occurred in 2008. Soros has highlighted China as a prime indicator of major trouble in the global markets. The Chines economy is struggling right now, and not just because of dropping stock prices and commodity prices. China is struggling to come to grips with a new economic growth model as its economy is seeing a major shift from manufacturing, which has long been a staple of its economy.

A weakening Chinese economy is bound to have ramifications for the rest of the world because of the interconnectedness of world economies nowadays. Chinese is the second largest economy in the world right now, only behind the United States of America. A struggling China is going to have a negative impact on the rest of the world, because so many countries economies are directly or indirectly linked to the Chinese economy.

A sinking Yuan, which is the Chinese currency only serves to reinforce investor fears that the Chinese economy may be struggling and on the verge of recession. Already artificially low, because of devaluation, a plummeting Yuan can wreck havoc on the Chinese and global economy. The Chinese government meanwhile, is trying to minimize the damage to the Chinese economy, by infusing billions of dollars into its domestic economy. These measures are being taken to prevent the country’s economy from stagnating and in effect shrinking due to the global slowdown that has occurred in the beginning of 2016.

Soros warns investors to be very cautious right now and to keep a close eye on China’s economy. China is a major player in the world economy right now, and ignoring them can cost an investor a fortune and lead to massive losses. The retired hedge fund manager’s echoes of caution seem to be supported by numerous analysts and economists. The Chicago Board Options Exchange has estimated that volatility has increased by about 13 percent in only a week. A Japanese stock average volatility index has increased by more than 40%, showing that tumultuous times are in store for stocks, commodities and global economies.