After building two Fortune 500 companies from the ground up Eli Broad has turned his attention to philanthropy that uses entrepreneurship to improve the public good in education, science and the arts.
Here he joins Matthew Bishop of The Economist for a discussion on his efforts- ALOUD at the Los Angeles Public Library
Matthew Bishop is the U.S. business editor and New York bureau chief of The Economist. His new book, The Road from Ruin: How to Renew Capitalism and Put America Back on Top, with Michael Green, was published by Crown in February 2010. Philanthrocapitalism, his previous book (also with Mr. Green) was on the global revolution under way in philanthropy. Mr. Bishop is also the author of Essential Economics, The Economist's official layperson's guide to economics.
Eli Broad is founder of the Broad Foundations and a renowned business leader who built two Fortune 500 companies, SunAmerica and KB Home, from the ground up. Today, he and his wife, Edythe, are devoted to philanthropy through foundations, which they established to advance entrepreneurship for the public good in education, science, and the arts. The primary work of The Eli and Edythe Broad Foundation is to dramatically improve urban K-12 public education through better governance, management, labor relations, and competition. In an unprecedented partnership with the Massachusetts Institute of Technology, Harvard University, and the Whitehead Institute, the Broads created The Eli and Edythe Broad Institute for biomedical research. Its aim is to realize the promise of the human genome to revolutionize clinical medicine and to make knowledge freely available to scientists worldwide. The Eli and Edythe Broad Foundation and The Broad Art Foundation have assets of $2.4 billion.
Ira A. Jackson is the Henry Y. Hwang Dean of the Peter F. Drucker and Masatoshi Ito Graduate School of Management at Claremont Graduate University, where he is also a professor of management.