GROW

Inc. Ticker: Entrepreneurs in the News

The latest news on Seventh Generation, E Ink, and Grameen Bank
Padma Lakshmi
Advertisement

Jeffrey Hollender, co-founder of Burlington, Vermont—based Seventh Generation, has stepped down as CEO to make room for a successor with experience running large companies. The green consumer-products maker had 2008 sales of $150 million. "I asked myself a thousand times whether this was the right thing to do," Hollender says. "Every time the answer was yes."'¶Taiwan-based Prime View International is acquiring E Ink, the Cambridge, Massachusetts, maker of the electronic-paper displays used in the Kindle, for $215 million. E Ink CEO Russ Wilcox says the deal will "speed up product development and improve customer service."'¶When Lance Armstrong appears in the Tour de France this summer, he will be riding a bike with components from SRAM, a Chicago-based company in which he has invested several million dollars. SRAM CEO Stan Day says Armstrong will be a "tremendous force" in marketing....Muhammad Yunus, founder of microfinance lender Grameen Bank, told graduates at the Wharton School's commencement that "in a certain way, the crisis is good; it gives us a good opportunity to redesign." He urged them to launch "social businesses" that aim to "address and solve social problems, not make money for'¶investors."'¶Padma Lakshmi, host of Top Chef, has founded a namesake jewelry business. The line sold out twice in 10 days at Bergdorf Goodman. "It's been creatively gratifying and very scary," she says.

IMAGE: Shawn Ethlers / Getty
Last updated: Jul 1, 2009




Register on Inc.com today to get full access to:
All articles  |  Magazine archives | Livestream events | Comments
EMAIL
PASSWORD
EMAIL
FIRST NAME
LAST NAME
EMAIL
PASSWORD

Or sign up using: