Eric Lefkofsky: Contemporary Medical Genius

Medical practitioners from around the world had a big problem in the past – the transfer of information is very slow, and no available technology can store a gargantuan amount of data that can be accessed by anyone. However, everything has changed with the introduction of the database created by Tempus, a technological company founded by Eric Lefkofsky. The database from Tempus is a state of the art platform where medical practitioners can send medical data, store it inside the database, and share it with their colleagues later on. The hardworking medical personnel was Eric Lefkofsky’s inspiration in creating the database, and he wanted them to experience a superb technology that can help them in practicing their profession.

The database from Tempus specializes in creating and introducing several endeavors that will help scientists from around the world, especially those who are into research. Eric Lefkofsky wanted to put an end to cancer, one of the remaining incurable diseases which kill millions every year. He programmed the database from Tempus so that the scientists searching for the cure for cancer can have more manageable tasks. The database from Tempus conducts four primary actions: sequencing, analytics, reporting, and validation. Each step is equivalent to a process that is transmitted to different laboratories around the world.

The first action is sequencing, and it uses a transcriptomic and genomic sequencing while using in-depth machine learning which gives further insights to the scientists about their patient’s tumors. After sequencing, the database from Tempus would proceed straight to analyti, which would provide scientists with more detailed information about the data they gathered. Explanation about the data will also be provided, making sure that the scientists reading it comprehends what the database is showing. A detailed report will be created next, allowing the scientists to see what available treatments can be applied to the patient. It would also enable the scientists to discuss whether they would like to improve the treatment procedure being provided, or if they will do some experiment that could lead them to the discovery of the cure for the disease. With the creation of the database from Tempus, it has turned them into one of the most essential scientific companies in the world today.

Jeremy Goldstein outlines the disadvantages of stock options as a means of employees compensation

In recent times, there have been changes in the manner in which business corporations consider stock options. These changes have been necessitated by the complex issues surrounding the issue of giving out stock options to employees. Stock options have been a nightmare for many corporations in managing their financial stability. The question then arises on, what is the cause of the change in perspective towards stock options in the corporate business environment? Three reasons stand out according to compensation lawyer Jeremy Goldstein. Learn more: http://jlgassociates.com/

 

First, the stock options are considered a gamble by the employees. Due to the changing economic times, it is almost impossible to predict the future of a business. The stock options prices keep on fluctuating and can be rendered worthless by hard-hitting economic depressions.

 

Secondly, stock options have proven to be an accounting burden to businesses. Businesses must incur the extra cost of managing the stock options books of account on top of recording other business transactions.

 

Thirdly, a drop in stock value normally affects the business organization negatively. Employees are in such situations unable to exercise their stock options. The business feels the heat since it has to incur all the expenses related to the stock options. The common outcome of such a situation is option overhang which affects the shareholders of the business organization. Businesses need to save face, especially for their shareholders and therefore stock options that affect their ability to impress the shareholders are becoming less attractive to the business environment. A business must maintain a good reputation at all times.

 

About Jeremy Goldstein

 

Jeremy L. Goldstein is a lawyer in New York. He is the founder of a law firm known as Jeremy L. Goldstein & Associates, LLC. He holds a Juris Doctor from the NY University School of Law.

 

Jeremy Goldstein is today among the top corporate compensation lawyers in New York. Jeremy Goldstein offers advice to businesses on viable methods of employees’ compensation.