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New Booker T. Washington "Book Review" Home Page

3/16/2023

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After reading three of Booker T. Washington's books, Character Building, My Larger Education, and Up from Slavery, it seemed appropriate to establish a home page for his works and my reviews.
Slide with picture of Booker T. Washington sitting and the front covers of his books
I agree with this statement of Booker T. Washington's from his book Up from Slavery. 
“The older I grow, the more I am convinced that there is no education which one can get from books and costly apparatus that is equal to that which can be gotten from contact with great men and women."
Booker T. Washington, Up from Slavery
Booker T. Washington was one of these great men, and I am learning from his wisdom. I would add that we should also learn from the mistakes of the great--and lesser, men and women. 
Booker T. Washington Home Page
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An IBM Case Study for Warren Buffett's "Economically Illiterate"

2/28/2023

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Rather than shortchange Warren Buffett and write an article for clickbait, here is what he wrote about share buybacks in his report to shareholders this year (2023).
Image of baseball umpire yelling
​"When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive) [emphasis above is Warren Buffett's not mine.]."
It would be my contention that "anytime" a writer uses the words "all" or "every" or "always" that the reader should raise their level of distrust ... just a bit ... to catch a possible misleading generalization. Rarely is anyone always or in every way, one thing or another ... be skeptical and inquisitive.
Select the image above or the icon below to read an IBM Case Study: Do Share Buybacks Work?No, all repurchases aren't harmful, but historically some have been, and Warren Buffett--at one time--bought into IBM's share buyback strategy, and then got out. He should have used IBM as an example to ensure we all are not . . .

. . . economically illiterate!
Cheers,

​- Peter E.
An IBM Case Study: Do Share Buybacks Work?
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The Best President's Day Speech Ever: Ida M. Tarbell

2/18/2023

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We Should All Be Abraham Lincolns
​This was an address delivered by Ida M. Tarbell on February 12, 1909 at the University of Michigan in honor of the Centennial Anniversary of Abraham Lincoln's birth. Subheadings were added for clarity by Peter E. Greulich and are his sole responsibility and interpretation.
Slide with pictures of Abraham Lincoln from Ida M. Tarbell's works.
Select image to read the Tarbell's speech.
The theme of this address by one of our country's greatest journalists and well-known "muckraker" is that "We Should All Be Abraham Lincolns."
I hope you find time to enjoy this on President's Day . . . a day that has lost too much of its meaning as so many view it as just a day off from school.
Peter E. Greulich
Ida M. Tarbell's "We Should All Be Abraham Lincolns"
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Owen D. Young, General Electric Chairman on Unemployment

1/26/2023

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Image of Owen D. Young and front cover of his biography,
We must deal with this question of unemployment, which I regard as the greatest economic blot on our capitalistic system. … The world does not owe men a living, but business, if it is to fulfill its ideal, owes men an opportunity to earn a living. 
Owen D. Young, Chairman of the Board
​General Electric Company
A different perspective on unemployment from another great industrialist from America's 20th Century business leadership. Select image above or the icon below to read more about Owen D. Young, Chairman of the Board of General Electric Company.
Peter E. Greulich
Owen D. Young: A New Type of Industrial Leader
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How Layoffs Affect Family and Business Productivity

1/23/2023

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It seems appropriate this week to post about how layoffs affect work and family. At IBM the employees have lived with constant layoffs--called resource actions in IBM speak, since Lou Gerstner took over the company in 1993.

This is one example of how Gerstner's elephant--and that of his successor's, "danced" on the livelihoods of their employees.
Picture of Dancing Elephant Crying and Slide Title:
These are examples of three layoffs at IBM, not during hard times but when times were supposedly good.
What are resource actions? They are as hard to explain as they are to experience, and IBM employees have been experiencing them for almost three decades. These two articles (extracted from journal entries) are critical to understanding why IBM's sales and profit productivity have fallen so drastically in the 21st Century.

Here are three resource actions … in action.

These are chapters from Peter E. Greulich's "A View from Beneath the Dancing Elephant" a different perspective from Lou Gerstner's "Who Says Elephants Can't Dance?"

It explains why IBM's employee productivity has been dropping for more than two decades.

It seems our corporate leadership should be reading this.
Two Examples of How Layoffs--Resource Actions, Affect Work and Family.
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Daniel C Roper: Old Thoughts but Forever Truths

1/19/2023

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"It dawned upon me that interpretation of truth, or the righteousness of either side of a question depended upon the sources of information and an open-minded willingness to examine different views."
Daniel C. Roper's Autobiography, Fifty Years of Public Life, 1941

As applicable today in a social-media-driven world as it was in the rock-and-spear Stone Age, and all the eras in between. Daniel C. Roper was ​the United States Secretary of Commerce during Tom Watson's time at IBM. Fundamentally, thinking is important but also the sources of information that your thinking is founded on.

A good case for the social sciences and attaining a wide, generalized education.
Peter E. Greulich, January 19, 2023
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J. C. Penney: Old Thoughts but Forever Truths

1/11/2023

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First Thought
“I don't have much patience with people I hear saying that it is impossible to get good people for jobs. . . . Won't it follow naturally that if a business idea is basically sound it will draw to itself quality people, not only because of the job but because they want to be connected with a business whose underlying idea has vigor, and offers scope for individual initiative?"
Second Thought
Slide with 1925 picture of James C. Penney and his quotes.
​“Our country could have been mightier than it is, had not some throughout every period of its history retarded its growth by greed, corruption in high places, petty partisanship in crucial periods, and individual selfishness.  . . .  Selfishness, of course, is the festering spot in every evil situation, whether world, nation, or individual.”
Third Thought
​“My advice to young people today is to let no day pass without pushing personal standards a notch higher. The law of struggle is the essence of all life—animal, vegetable, and human. Our progress from birth to death is marked by struggle, and rightly so, for when we cease to struggle, dry rot takes over.   . . .  Young people who count not their hours but their opportunities are the ones who maintain the difficult road to success.”

Select the link below to read book reviews of J. C. Penney's "Fifty Years With the Golden Rule."
Peter E. Greulich, Author
Read Reviews of J. C. Penney's "Fifty Years With the Golden Rule."
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Review of Perle Mesta's "Perle: My Story"

1/8/2023

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​“I had been in Luxembourg nine months when I returned to Washington for a consultation with the State Department, a customary procedure with ambassadors and ministers. … After my Washington consultations, I went up to New York for a few days and was given a luncheon there that I consider one of the greatest honors of my life [emphasis added].”
“Matthew Woll, the A. F. of L. Vice-President … got together with his friend and mine, Thomas Watson, President of International Business Machines, to co-host the affair."
Slide with images of Perle Mesta and the front cover of her book,
“I don't think a party was ever given anyplace by hosts as far apart as those two [Watson and Woll] in their economic viewpoints. As we looked around the luncheon room at the Hotel Pierre from the head table, Matt Woll commented that only in America could such an affair as this take place, with labor and management getting together socially.
Perle (Pearl) Mesta
Read Reviews of Perle Mesta's Autobiography: "Perle."
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Famous Leaders Series: On Industry and Character

1/7/2023

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The "Famous Leaders" Series of books spanned a timeframe from 1920 to 1955. There was one "Famous Leaders of Character" and a series of six "Famous Leaders of Industry." The target audience was the adolescent reader. It is important to understand the audience to set the proper expectations. I did not realize this when I read the last in the series--The Sixth Series, first.
Slide showing the front cover and spines of Famous Leaders of Character and Famous Leaders of Industry.
​“This is a great country. …

​"A country that provides education in every vocation. Jobs, ownership, and control await the boys who are fit and who make the fight for success.”
​Author: Edwin Wildman
​“Famous Leaders of Industry (with a new author: Trentwell M. White) discusses the lives of twenty-five men who have had the courage and independence … to work night and day to bring the results of their thinking to fruition.”
Trentwell M. White
Go to the "Famous Leader of Industry and Character" Home Page
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IBM's Corporate Constitution: The Basic Beliefs

1/2/2023

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IBM's 20th Century Corporate Constitution was referred to as "The Basic Beliefs."
Picture of three IBM Wild Ducks flying in formation.
A corporate constitution that is unforgettable, pervasive, and inclusive serves as a compass to guide individuals across rough organizational terrain. A constitution beckons to men and women of service who are willing to change everything about themselves except for a fundamental set of beliefs.
​
​Whatever form a corporate constitution takes it must provide three things: (1) It must provide a consistent, ever-present, guiding light—a “north star” by which individuals navigate rough organizational terrain; (2) It must provide the mechanism by which the organization defines its objectives—goals that aren’t necessarily monetary but—if achieved—rewards success with a monetary gain; (3) It must provide an internal mechanism that demands an ever-constant evolution—it should institutionalize change.
Read More About IBM's 20th Century Corporate Constitution
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    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.


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  • Home
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  • Books / Bibliography
    • THINK Again! >
      • Preface
      • Foreword
      • Introduction
      • Business Talk Interview
      • Book Trailers and Videos
    • A View from Beneath >
      • Preface
      • Resource Actions >
        • Two R.A. Days Hit Home
        • R.A. Day Kills Productivity
      • Business Talk Interview
      • Book Trailers and Videos
    • The World's Greatest Salesman >
      • Preface
      • Introduction
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