As the third most populous city in the US, Chicago, Illinois offers some unique opportunities for business growth. Fortunately, all of this potential is being utilized by the city’s new generation of movers and shakers. These men and women have made their names by starting their own companies or rising to the top of existing corporations. However, they each deserve respect and admiration for the things they’ve accomplished.
Chi-Town’s Business Moguls: Patricia Woertz
Patricia is the first woman to rise to the top spot of Chicago’s Archer Daniels Midland Co. More than just a figure head, Woertz has grown the company well in her eight year tenure as CEO. By revenue, Archer Daniels Midland Co. has surpassed every other public company in The Windy City. ADM has also become a global company under Woertz’s leadership, expanding to Eastern Europe, South America and China. Patricia Woertz’s story is certainly interesting, but there are other wave makers residing in Chicago.
Majeed Ekbal: Revolutionizing Grocery Shopping
Brick and mortar stores are in trouble, because online giants like Amazon deliver goods directly to the clients. Expresso Inc. has taken this concept and extended it to the grocery sector. The company’s founder is Majeed Ekbal, a recent graduate of Washington D.C’s American University. Ekbal admits that convenience is the driving force behind his business. He even takes the convenience a step further than Amazon, giving customers the option to have the groceries left in their car trunks. Not everyone will trust the service enough to give them a copy of the key, but everyone can benefit from the convenience.
When Hobson first married Star Wars creator George Lucas no one expected her of financial motives. Hobson was already the president at one of the nation’s largest investment firms. Ariel Investments LLC now manages more than $9 billion in assets. Since 2000, Hobson has been the second in command for the Chicago based firm, making her one of the city’s most influential citizens.
Chicago is home to some of the country’s most successful companies. There are very influential and powerful individuals residing here, and this is a great place to begin a start-up.
Swedish seed giant Syngenta is once again playing defense after being accused of misrepresenting farmers. The class-action lawsuit accuses Syngenta of not seeking proper authorization from China before selling the genetically-altered MIR 162 corn to American corn farmers. When farmers attempted to sell the corn to China, the country refused to import it, leaving farmers in financial ruin. The commodities market went into a tail spin from which it has yet to recover.
Lawyers for the farmers are accusing Syngenta of gross misrepresentation of the facts (Syngenta denies any wrong doing). “Syngenta was not in concerned in the least to what would happen to the farmers,” says James Pizzirutto, of the D.C. law firm Hausfield and Associates. The seed company Cargill also filed suit against Syngenta, claiming the company cost them tens of millions due to China’s rejection of the corn.
One of the most experienced law firms is defending several farmers in the case — Watt Guerra LLC. Founder, Mikal Watt is one of the most experienced tort law professionals in the state. He has secured millions of dollars for plaintiffs and has sued Syngenta before over other commodities issues. Watts received his law degree from the University of Texas at the age of 21. He is one of the youngest people in the state to pass the bar exam. Watt has devoted his life to helping individuals who have suffered due to the negligence of others.
BusinessWire said in a written statement, Syngenta says the suit is baseless and they strive to uphold the rights of growers. Syngenta also claims that it received legal regulation and was in full compliance with all laws. “We will do our very best to make sure that the farmers get the compensation they deserve,” says Watts. The court case will be heard some time in early 2016.
Sports franchises make millions and millions of dollars annually. Sports athletes are some of the highest paid people in America. Everything from Basketball to Hockey, franchises are huge in the United States. We all are impressed with the amount of money Professional athletes make but what are even more impressive are the investors sitting at the top of these corporations. It takes a brilliant, savvy businessman to invest in a professional team. Some struggle to make it in this industry but Bruce Levenson on time.com has made it look easy. We’ll explore his personal background as well as his many accomplished business endeavors.
A great education is key when pursuing a career in the Business field. Bruce Levenson did just that by attending Washington University in St. Louis. Levenson proved he was a hard worker and obtained multiple degrees. After finishing up at Washington University, he went on to the American University School of Law. He was able to build up a wealth of knowledge and a wonderful resume while in college. Levenson had a knack for writing so during his college years he worked for the Washington Star releasing many articles about energy.
Bruce Levenson has always had a love for sports growing up. He loved to engage in activities such as basketball, golf and skiing. It wasn’t a surprise when he grew up to pursue the business side of sports. He began working in the professional field by linking up with business partner Ed Peskowitz. Together the two co-founded a professional group called United Communications Group. This group caters towards millions of clients specializing in fields like healthcare and financial services. Today this corporation has grown so much and expanded across many sections.
After much success in his co-founder-ship in the late 1970’s, Levenson had his sight on bigger and better investments. Going back to his love of sports, Levenson became Owner of the NBA Atlanta Hawks. The Atlanta Hawks is a huge franchise with fans all over the United States. Many recognized this as the highest he could climb in his business career but Levenson wasn’t going to stop there. With his wife’s help, Levenson came up with nonprofit scholarships and programs to help kids in the community. He served as president on the “I Have a Dream Foundation” committee and gave back to the community frequently.
Bruce Levenson completed college, co-founded a new company, owned an NBA franchise while still making time to give back to the community. Levenson has used his career to give back to his community and help improve the lives of many. With his diverse skill set, creative way of thinking and enthusiastic personality he will continue to advance his career in the future.