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George M. Verity: "Success and Character"

7/18/2022

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​"Success is the greatest test of character. 
Picture of George M. Verity from May 1926: Public Domain.
​"Some can stand very little success, others a great deal, but the history of the lives and accomplishments of men give much evidence to prove that almost every man has a limit to the degree of success that he can attain without losing control of one or more of the factors or powers that have made him successful.
"The world needs men who can stand success and who, when they have found it, will use it in the interest of mankind."
George M. Verity on "Success and Character"
Select the link below or the image above to read the entire article.
George M. Verity: Success and Character
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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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Does LinkedIn Need an Incognito Mode?

3/14/2022

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With the troubles LinkedIn is having in China and Russia, this post seems ever more relevant to make the company more germane, at least, here in the United States.

​In 2021, I left LinkedIn. The feedback that I was getting on my articles was "muted." By this I mean that too many individuals had come to realize that LinkedIn--as a social media platform--will not necessarily get you a job, but it sure can keep you from getting one: just the "like" of an article may come back to haunt you in a job search.
Picture of individuals operating in and out of a LinkedIn Incognito Mode.
So, "Does LinkedIn Need an Incognito Mode?" Just a few years ago, my answer to this question would have been an emphatic, “No!” My initial experience with anonymous forums was not pleasant. But I learned, and to prove that old men can change their opinions, I am, now, just as insistent in my “Yes!” … with some qualifications.
LinkedIn needs to provide its users, not with a “cloak of secrecy,” but a “veil of protection” to encourage honest, intelligent feedback on matters that should be of a real concern to the economic welfare of our country. 
​This is why, and a suggestion of how it might work.
Read: Does LinkedIn Need an Incognito Mode?
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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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Who—With What Ideals—Built Early American Capitalism?

2/21/2022

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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.​
Image of Mount Rushmore with the question:
More must be done to develop a deeper, well-rounded understanding of—and admiration for—our country’s early business founders. We need to write of their trials, tribulations and successes. Writing figuratively: We need to etch their images in stone just as we have our early political founders.
​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.
What and Who Advanced American Capitalism in the Early 20th Century?
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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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