In January 1926, A. W. Shaw published in System: The Magazine of Business this survey. It is an amazing look inside the minds of some of America's greatest industrialists.
If we do this, maybe our twenty-first century chief executives will once again—like their twentieth-century counterparts, learn to measure success by ideals and not by dollars and cents.
Two men—J. C. (James Cash) Penney and Thomas J. Watson Sr.—from uniquely different backgrounds founded two of the 20th Century’s greatest corporate brands. These two men seemed unlikely kindred spirits.
Select the image above or the link below to read the rest of the story: A Corporate 101 story.
In January of 1950, America’s press lit up with indignation over a Lafayette College benefactor’s last will and testament. His dying wish was to provide for his alma mater—as long as his benefaction did not provide scholarship money for a Catholic, a Jew, or any first-generation American.
A total sum of $140,000 brought to the forefront many of the same discussions we are still having seven decades later. Tom Watson Sr. was involved in this controversy.
Peter E. Greulich
Pete has been studying IBM and early American corporate history since his retirement in 2011. These are his thoughts and musings, and of those whose biographies he has read with links to articles and book reviews on this website.