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A Review of "Discovery" by Admiral Richard E. Byrd

9/16/2023

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Discovery, although a magnificent story of the physical side of enduring the cold and isolation over a long period of time in an unexplored part of the world, is more so a work about men, who, when confronted by this unknown, can and did work together to achieve a common goal: general exploration.
A high quality image with the pictures of Admiral Richard E. Byrd and the front covers of his three books: Little America, Discovery, and Alone.
Select image or link below to read our review.
​Additionally, this is the strongest of reads about an apolitical man of honesty and integrity. Admiral Richard E. Byrd was a great American pioneer and explorer with a great sense of humor and one seemingly overriding trait we see all too little of today: humility.

In this day of meandering, oversized, and not-very-opaque political egomaniacs …
… this was a most refreshing read.

​It is a non-fiction story of the greatest kind that restored my faith in man.
Full Review of "Discovery" by Admiral Richard E. Byrd.
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Book Review: "Fifty Years of Public Life"

9/8/2023

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Daniel C. Roper, United States Secretary of Commerce

​“The righteousness of either side of a question depends upon the sources of information and an open-minded willingness to examine different views. . . ."
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​“All wholesome growth is leisurely. Most of the waste of the world is occasioned by haste. If we can’t have patience we might as well quit. ​Wherever there is life, its greatest privileges are to be enjoyed and its most beautiful promises come to flower only if the law of patience is obeyed.”
This autobiography is a recommended read written by a former U.S. Secretary of Commerce, Daniel C. Roper. Select image above or the link below to read the article: (1) Reviews from the time of publication of the book, (2) selected excerpts from the book, and (3) a few thoughts about the book by Peter E. Greulich.
Read a Book Review of Daniel C. Roper's "Fifty Years of Public Life."
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An Amazing Biography of Christopher Columbus

8/23/2023

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​My education on Christopher Columbus was severely wanting. It, like most people’s insights, was reduced to a mariner discovering the New World in 1942 "by sailing the ocean blue.”
Slide with a picture of the front cover and spine of Samuel Eliot Morison's
​If anyone had told me that Columbus sailed to the Americas four times in twelve years, and then described the conditions he underwent to achieve this—both economic, political, spiritual, and physical, I would have said: “Really, no one taught me that!” No one taught me the story of the pioneer, the discoverer, the explorer and the leader … and the hardships he faced as a result.
​And so it is, our self-education remains our personal responsibility. Don’t let others mislead you—even me. My advice is that if you want to understand Christopher Columbus—the good and questionable, start with this book.
Review of Samuel Morison's "Admiral of the Ocean Sea."
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Charles E. Sorensen's "My Forty Years with Ford"

8/3/2023

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​This is the sixth book I have read concerning Henry Ford: (1) My Life and Work, (2) Today and Tomorrow, (3) Moving Forward, (4) 365 Henry Ford Sayings, and (5) The Last Billionaire. The first three were written in conjunction with Samuel Crowther—who is mentioned in this latest book.
In my opinion, The Last Billionaire by William Richards is the best of the works at presenting a balanced perspective on Mr. Ford. It presents him as a complete man within a changing society. It balances his eccentricities as both strengths and weaknesses [Reviews of Crowther’s books are here] [The review of "The Last Billionaire" is here].
In any prioritized list of books, this work of "Cast-Iron Charlie's" should be added as last. If Sorensen knew Henry Ford “as well as any man alive or dead” he left out the compassionate side of his chief executive and, maybe, in so doing reveals a weakness in himself. Sorensen either did not know or appreciate, or did not write any of the human-interest stories of Mr. Ford that come across in the other biographies.

I don't think he knew Henry Ford as well as he thought he did.
Read the Full review of Sorensen's "My Forty Years wit Ford."
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Book Review: Fortune's "USA: The Permanent Revolution"

7/29/2023

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It is refreshing to read in a major work from 1951 by the editors of Fortune magazine an affirmation of a basic fundamental foundation of capitalism that I arrived at in my research for "THINK Again: IBM CAN Maximize Shareholder Value."
​"One of the major responsibilities of a chief executive officer is the maintenance of a balanced, self-sustaining stakeholder ecosystem."
Peter E. Greulich, Author and Public Speaker

The following is an excerpt from "USA: The Permanent Revolution.
Picture of Russell W. Davenport in an advertisement for
​“The manager is becoming a professional in the sense that like all professional men he has a responsibility to society as a whole.

​"This is not to say that he no longer needs good, old-fashioned business sense. He does, and more than ever; the modern enterprise should be in business to make money. …  But 
​​…
"The great happy paradox of the profit motive in the American System is that management, precisely because it is in business to make money years on end, cannot concentrate exclusively on making money here and now.
​
“To keep making money years on end, it must, in the words of Frank Abrams, Chairman of Standard Oil of New Jersey, ‘conduct the affairs of the enterprise in such a way as to maintain an equitable and working balance among the claims of the various directly interested groups—stockholders, employees, customers, and the public at large.’ ”
Read the Review of Fortune's "USA: The Permanent Revolution."
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Dr. Harry Emerson Fosdick: "The High Uses of Serenity"

6/29/2023

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​“This basic law holds good: nothing great without serenity.
Picture of man with serenity and at peace.
“Let us get our eye clearly, then, on what we are talking of—not serenity as an escape from life, but as an indispensable part of life: what rest is to the body, what peace is to the home, what roots are to the tree, what depth is to an ocean.

​"Nothing in heaven above or the earth beneath can be great without serenity! …
“There are people who are trying to substitute thrills for serenity. Having no serenity at home within themselves, they run away into sensations, spend as much time as possible away from themselves amid their thrills, and then at last have to come back again to no serenity.
​“That is the very essence of unhappiness.”
​"The High Uses of Serenity," Dr. Harry Emerson Fosdick
The Power to See It Through
To read a few more quotes from this book and this author's review of Harry Emerson Fosdick's, The Power to See It Through, select the image above or the link below.
Review of Harry Emerson Fosdick's: "The Power to See It Through."
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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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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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Will I. Ohmer Article: "Why We Are Hiring Women"

11/2/2022

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This is an Interview in 1917 with Will I. Ohmer, President, Recording and Computing Machines Company. Headings, subheadings and images were added by this author. The article was shortened and minor edits performed where appropriate for readability without affecting the overall tone and purpose of the piece while, hopefully, improving clarity.
Picture of Will I. Ohmer with link to his article,
Some author insights are provided which were gleaned from a follow-on, 1922 article—written five years later, about this same company, this same president, this production of fuses for the war effort, and this corporation’s approach in utilizing women in its workforce.
Several times the term “girl(s)” has been replaced with “woman/women” so as to keep the reader engaged and not distracted with an out-of-date term that was widely used at the time, and not in a derogatory manner.

Select image above or link below to read the article in its entirety.
Peter E. Greulich

"Why We Are Hiring Women in Preference to Male Employees."
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Reviews of Three Works by B. C. Forbes

6/29/2022

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Links are provided below to three books by B. C. Forbes: (1) "Scrapbook of Thoughts on the Business of Life," (2) "Little Bits about Big Men," and (3) "America's 50 Foremost Business Leaders."
Picture of B. C. Forbes with several of his books.
Selecting this image links to B. C. Forbes' publishing and books home page.
The "Scrapbook" is a collection of quotes and witticisms that were printed in FORBES Magazine for decades.
"Little Bits about Big Men" ran as a special insert in FORBES Magazine for a few years. This is a compilation of these and other insights picked up by B. C. Forbes in his interviews over the decades.
"America's Fifty Foremost Business Leaders" covers a span of time from 1917 to 1947: From the founding of FORBES Magazine to its thirtieth anniversary. These men were voted the best-of-the-best by their peers in 1947.
Scrapbook of Thoughts
Little Bits - Big Men
Fifty Business Leaders
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Andrew Carnegie: American Industrialist and Philanthropist

5/12/2022

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After reading and reviewing "The Life of Andrew Carnegie," a magnificent biography of the industrialist and philanthropist by Burton J. Hendrick and the "Autobiography of Andrew Carnegie" edited by John C. Van Dyke, it seemed appropriate to set up a home page for these reviews and other works by "Andy."
Greyscale picture of Andrew Carnegie from 1920
If anyone had used the term “capitalist” in reference to Henry Ford of Ford Motor Company, he would have been offended to the point of apoplexy. Andrew Carnegie most likely would have wondered at the individual’s ignorant usage of the term and quickly corrected the person with a simple statement:
" I am not a capitalist. I'm an industrialist. I am building something to last.”
Andrew Carnegie was the builder of U.S. Steel Corporation, not J. P. Morgan, and even though the great steel manufacturer is no longer around to guide today’s business leaders, his spirit and his insights live in his biographies, an autobiography, speeches, press interviews and published articles.
​Even as his words have become more electronically accessible with the modern-day internet, his thoughts are the internet's equivalent of little-referenced manuscripts gathering dust on a bookshelf. Unfortunately, his talent, business skills, and humanity are less in vogue with today's chief executive officers. We need to blow the dust off these old biographies, books and publications.

​If you care to learn more, select the image above or one of the links provided below.

Cheers,

- Peter E.

Andrew Carnegie Home Page
American Industrialist's Home Page
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Andrew Carnegie on Booker T. Washington

5/10/2022

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“My connection with Hampton and Tuskegee Institutes, which promote the elevation of the colored race we formerly kept in slavery, has been a source of satisfaction and pleasure, and to know Booker Washington is a rare privilege. We should all take our hats off to the man who not only raised himself from slavery but helped raise millions of his race to a higher stage of civilization. ...
Slide with images of Booker T. Washington and the front cover of his book,
“No truer, more self-sacrificing hero ever lived: a man compounded of all the virtues. It makes one better just to know such pure and noble souls—human nature in its highest types is already divine here on earth. If it be asked which man of our age, or even of the past ages, has risen from the lowest to the highest, the answer must be Booker Washington.
​“He rose from slavery to the leadership of his people—a modern Moses and Joshua combined, leading his people both onward and upward.
B. J. Hendrick's "The Life of Andrew Carnegie"

We will be creating an Andrew Carnegie home page and updating our book reviews over the next week. We will add reviews of B. J. Hendrick's biography, "The Life of Andrew Carnegie" and "Andy's" autobiography.

​Until then choose the image above or link below to read our thoughts on Booker T. Washington's book, "Character Building."
Review of Booker T. Washington's "Character Building."
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A Review of Ida M. Tarbell's "The Nationalizing of Business"

4/18/2022

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​I  was once again impressed by Ida M. Tarbell’s’ balanced approach to history and her description of the actors who interacted—and sometimes fought—with each other. She covers the individuals with Emerson’s Lengthening Shadow who led capital, business and labor during this time.
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​The Nationalizing of Business 1878–1898: Volume IX is on par with Mark Sullivan’s Our Times. Mr. Sullivan’s series of six volumes focuses on the opening twenty-five years of the 20th Century, where this series takes a more expansive look at American life from 1492 through, initially, 1928 with Volume XII, which was then extended through 1941 and The Great Depression with Volume XIII.
​I  was once again impressed by Ida M. Tarbell’s’ balanced approach to history and her description of the actors who interacted—and sometimes fought—with each other. She covers the individuals with Emerson’s Lengthening Shadow who led capital, business and labor during this time.
Chose the image of the icon below to read this full review and reviews of her other works.
Ida M. Tarbell's "Other Publications"
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Positive Thoughts on Business and Capitalism

3/7/2022

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​In 1950, B. C. Forbes published the first of what would ultimately become over two decades a three-volume set of quotes, epilogues and statements on “The Business of Life.” Initially, I started to list some of my favorite quotes from Volume I, but a question came to mind: What was the overall impression—the big picture—of all the quotes in this first volume?

​What was on the mind of these early industrialists, philosophers, and business founders (and B. C. Forbes) when these short business-life idioms were written, collected and published?
Image of three-volume set of Forbes Magazine's
​This is an ordered list of the number of times each subject is included in the “Subject Index.” Maybe at a later date, I will publish how many times each word shows up in a complete search of the book, but for now I believe this list, in a small way, shows where the heads of some great individuals were at when it came to business in the generations living before 1950—many thoughts were post World War I and World War II.
​It appears obvious that for many (1) business was “life,” (2) “God” and “Happiness” were close seconds—seemingly to provide guidance or a balance, and (3) “work, success, character, mind, education, faith, truth and wisdom” were top of mind too. Great food for thought.
Subject from the "Subject Index" and Number of Mentions
​Life                       148

​God                        106
Happiness          104

​Work                       95
Success                93
Business               76
Character             72
Mind                        71
Education             67
Faith                        62
Truth                        58
Wisdom                  54

​Ideas                     50
Progress              52
Fear                       46
Peace                   46
Democracy        44
America               43
Courage              42
Experience         42
Courage              42
Action                   41
Doing                    35
Civilization          30
Evil                         27
Confidence        26
Cooperation      23

A footnote: Consider that each subject may be more expansive than what is listed here. For instance, the category “Action” does not include “Act, Actions, Deeds, or Doing.” Neither does the category “God” include subjects such as “Faith, Religion or the Golden Rule.”
​Also, little effort has been made to count the exact number of mentions in the index. These were cut/paste into a Word document and the number of words then extracted. The actual count may be off by one or two—forgive me as this was a trade-off on my part between accuracy and effort. Maybe, if I were a university professor who could put a graduate understudy to work on it, eh?
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Andrew Carnegie on Diversity in the Human Race

1/10/2022

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​"Nothing should be done that would tend to reduce diversity of talents in our [human] race.
Image of the front cover of Andrew Carnegie's
Latest Book Review
"Everything should be done to increase it if possible; for it is through "variation" the progress of the [human] race has been achieved, and progress is the chief end of existence.

​"This is what we are here for, as is proven by the fact that progress from the lower to the higher has prevailed from the time this earth cooled and life began to appear.
"This is our God-like mission: that every individual in his day and generation push this march upward, so that each succeeding generation may be better than the preceding."
Select the image above or the link below to read a review of "An American Four-in-Hand in Britain."
Andrew Carnegie's "An American Four-in-Hand in Britain."
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The Forgotten Men Who Built the Early American West

1/3/2022

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B. C. Forbes in "Men Who Are Making the West" rattles off the names of the following. It is a literal  list of Whos Who of "Eastern" American Industrialists:
Image of the front cover of B. C. Forbes'
"The oil industry has its Rockefeller, the steel industry its Gary, the automobile industry its Ford, the photographic supply business its Eastman, the tobacco industry its Duke, the field of invention its Edison, . . .

" 
. . . the woolen industry its Wood, the lumber industry its Weyerhaeusers, the daily newspaper business its Hearst, the weekly field its Curtis [The Saturday Evening Post] . . .
" . . . the powder industry its duPonts, the smelting business its Guggenheims, the heavy chemical industry its Nichols, the mail-order business its Rosenwald, the corn products industry its Bedford, and the fire insurance business its Evans; . . .
" . . . the telephone had its Vail, the cash register had its Patterson, the chain store its Woolworth, railroading its Hill and Harriman, the electric industry its Coffin, coke its Frick, banking its Morgan, the sewing machine business its Singer."
​I wonder how many of today's MBAs would recognize any of the ranchers, industrialists and bankers in this book by B. C. Forbes: "Men Who Are Making the West." I surely don't ask the question with any sense of superiority or intention of slighting a business education . . .  because I only recognized one: Captain Robert Dollar.
Although B. C. Forbes is a little over-laudatory in his approach, he also presents solid facts that these men understood their responsibilities to their four stakeholders: customers, employees, shareholders and their shared societies.
Read The Book Review of B. C. Forbes' "Men Who Are Making the West"
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Judge Elbert H. Gary on "Listening" to the Stock Market

11/21/2020

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​"Gentlemen, we do not manage our corporation for the stock market. . . .
Picture
"If I were a speculator on the Stock Exchange, buying today in the hope of selling tomorrow, . . . I might be glad to have the management of a corporation take some action in . . . declaring dividends . . . which temporarily advanced the prices of securities. . . .

"[Then] ​leaving management to shoulder the trouble—if it came afterwards … [and] the action proved to have been improvident."


IBM has spent $201 billion since 1995 on share buybacks (repurchases). I wonder if Arvind Krishna and James M. Whitehurst wish they had some of those dollars spent by their three predecessors on paper to now invest in people, processes and products
​Peter E. Greulich
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Second Thoughts on a First Review: Bernard M. Baruch

10/29/2020

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I learned from this experience to be careful referencing “authoritative sources.” I believe that all men are human, and that Baruch either never read, failed to read, or for some other (so far) undiscovered reason failed to consider the additional published works that discussed Judge Gary.
Picture of Bernard Baruch's The Public Years.
Research is an eternal process of digging
But isn’t this human? Yes, but disappointingly so for Bernard Baruch, a man who was obviously so well spoken and so highly perceived by the public and by many of his peers. I expected more and need to be more careful in my own writings.

This is my lesson learned concerning this second thought on a first review: Humility.
​Cheers,
​
- Pete
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Booker T. Washington: On Building Character

9/25/2020

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Character Building by Booker T. Washington was published in 1902. This is one review from the southern city of Richmond, Virginia.
Picture of Booker T. Washington.
​“Many of this eminent negro leader’s friends think that the best literary work that he has done is the Sunday-Evening talks to the students of Tuskegee Institute, which he is in the habit of making when he is home. He throws into this work his whole moral nature, and many of these addresses rise to eloquence. They are all earnest and show the constructive quality of his mind. …
​
“There is plenty of good sense in the book, and admonition, that, if heeded, would place the black race above the white.
“Indeed, there is sound advice in it for the reading of white men as well as black.”
​​The Richmond Virginia Times, August 31, 1902

Select this button or the image to read a review of Washington's "Character Building"
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A Great American Retailer: John Wanamaker

8/15/2020

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​"Let us understand the real thing; that it is not the building that makes the business, it is not the merchandise that makes the business, it is the people.
Picture of Wanamaker's in New York City.
"I astonished someone last week, as I said: “When I go downstairs and look around, I look very little at the merchandise. I can tell by the air whether the store is in proper form.

"It is the people that I look at, the people. I cannot help but see the goods, but I see not the goods as much as the people. I wonder, as I look at the beautiful embroidery, I wonder how some one thought of the color.
​"It is all people, people, people.​"
John Wanamaker, The Business Biography of John Wanamaker​

​It seems all too predictable that our chief executives always have to "relearn" that business is always about people, people, people, isn't it?
Peter E. Greulich
Select this Button or the Image to Read Review of John Wanamaker's Biography
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Herbert Hoover: On Woodrow Wilson's Concept of Liberalism

8/14/2020

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"My association with him was such that I formed convictions as to his philosophy of life, his character and his abilities which have deepened during these four decades. My approval of him is based solely on my own experiences with him and my knowledge of the forces with which he had to deal. ...
Picture of candle in the dark.
"He possessed great clarity of thought, with a quick ability to reduce problems to their bare bones. ... ​His public addresses were often clothed with great eloquence.

​"As a Jeffersonian Democrat, he was a "liberal" of the nineteenth-century cast. His training in history and economics rejected every scintilla of socialism, which today connotes a liberal.
"His philosophy of American living was based upon free enterprise, both in social and in economic systems. He held that economic system must be regulated to prevent monopoly and unfair practices. He believed that federal intervention in the economic or social life of our people was justified only when the task was greater than the states or individual could perform for themselves. ...
​
"Coming from an academic ivory tower with only a brief political career, he at times stumbled badly in the thicket of politics, ... but ... ​with his courage and eloquence, he carried a message of hope for the independence of nations, the freedom of men and lasting peace. Never since his time has any man risen to the political and spiritual heights that came to him. His proclaimed principles of self-government and independence aided the spread of freedom to twenty-two races at the time of the Armistice."
Herbert Hoover, The Ordeal of Woodrow Wilson, 1958

Sometimes we forget that terms - such as liberal that we cast about flippantly today - carried a different meaning to those who used the words just a half century ago. I believe from all I have read, including Woodrow Wilson's The New Freedom [link to review], I would have enjoyed knowing this man.
Peter E. Greulich
Select this button or the image to read A review of Hoover's "The Ordeal of Wilson"
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Bernard Baruch: On Woodrow Wilson

8/10/2020

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“Freedom to Wilson was the supreme blessing of man. Democratic government was superior to all others because it gave to men the greatest measure of individual liberty. Individual liberty—the words are inseparable [emphasis added]. The individual, Wilson said, is the ‘first fact of liberty.’ There can be ‘no corporate liberty,’ he pointed out. ‘Liberty belongs to the individual or it does not exist.’
American flag on brown background.
“This is a truth which we are in danger of forgetting in an age when, increasingly, we think and act in terms of blocs and groups. The pressure of these groups steadily erodes our individuality and independence. More and more we rely on government to solve our problems. But as much as Wilson extended the role of government, his purpose was to free the individual and never to shackle self-reliance and initiative.
“These are the keys to human progress. Wilson knew that only individuals, not government, can provide the sense of moral responsibility which is the basis of a just and enduring society.”
Bernard M. Baruch, The Public Years, 1960
Select this button or the image to read book review of Baruch's "The Public YEars"
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Bernard M. Baruch: On Organization

8/5/2020

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Picture of finger pointing to an organization chart.
"Outstanding talent can make any organization work. ...
​​"I have seen too many organizations fail, in business and in government, because more attention was given to tables of organization and operating handbooks than to finding the right men [and women] for the job."
Bernard M. Baruch, The Public Years

Amen! Bernie
Peter E. Greulich
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The Value of Traditions: The Chicken and the Egg ... Shell

7/17/2020

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"Eggshells are good, and every egg should have one. It keeps an egg in its proper place, up to the time when it ceases to be the proper place.
Picture of cracked egg with young chick tracks exiting the shell.
Every chicken came from an eggshell
"When that time comes, a conflict may develop between the egg and the shell--the shell doing its best to keep the egg inside, and the egg becoming more and more imbued with the necessity of getting out.

"​If the egg is successful in this contest, a more abundant life is possible. If the shell is successful, there's a mess.
"The eggshell in such a crisis, is a glorious tradition, and it can be proved conclusively that the egg could never have become a successful egg without it.

​"Nevertheless, if the tradition isn't broken when it should be broken, the result is a total loss."
​Edward A. Filene, Successful Living in this Machine Age, 1931
Select this button or image to read review of Filene's "successful living"
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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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