eckhart grohmann net wortheckhart grohmann net worth

[53] Both a major competitor and customer of ACE/CO, Lawran was the leading producer of giant aluminum castings in the United States, producing pieces of up to fifteen thousand poundscertainly making it an appealing investment for Grohmann. [46], While other firms left Milwaukee for greener pastures, Grohmann approached these challenges as opportunities to build his business, deciding to not only endure these transformations, but to also use them to his advantage. [35] Judith T. Kenny, The Homebuilders: The Residential Landscape of Milwaukees Polonia, 1870-1920, in Milwaukee Stories, ed. [53] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Lawrence John Laurie Andres, Death Notice, Milwaukee Journal Sentinel, February 25, 2007. [47] After careful study, the Sentinel reported, Grohmann came to the conclusion that the firms future lay in producing the largest aluminum castings available, ones which competitors, because of technological or financial deficiencies, were unable to produce.[48] By adding more equipment and expanding his facilitys size to accommodate this specialized production, Grohmann had built ACE/CO from a $1,000,000 in sales a year operation when he acquired it in 1965 ($6,910,000 in 2010 USD value), to a more than $12,000,000 in sales a year operation ten years later ($48,600,000 in 2010 USD). , [67] Milwaukee Journal Sentinel, January 7, 1995, News section, 8. The most active insiders traders include Kenneth M Young, John H Scribante et Scott A. While Watrys ACE/CO was a relatively inconsequential figure in the booming postwar American aluminum industry, it was a pioneer in permanent mold castinga secondary method of aluminum manufacture that reused iron molds for broader production of individual parts instead of relying on the one-time sand molds typically used in production, also known as jobbing.[38] According to the Aluminum Association, this method remained a steadily profitable venture throughout the post-war decades. [52] Grohmann quoted in Stafford, Milwaukee Sentinel, January 12, 1976, 9. Grohmann Eckhart G Net Worth 2022 and insider trades. Already a member of the entrepreneurial class, Grohmann immigrated to the United States to achieve greater access to entrepreneurial opportunities than he could at home in Germany. [68] National Labor Relations Board v Aluminum Casting Engineering Co., Inc., No. [96] Grohmann also joined the advisory board of the Medical College of Wisconsins Cardiovascular Center in 2008. Gurus may be added or dropped from the GuruFocus site at any time. Enjoy a 7-Day Free Trial Thru Apr 25, 2023! In his introduction to the catalogue of artworks that make up the Milwaukee School of Engineerings Man at Work collection bearing his name, Eckhart G. Grohmann (born June 29, 1936 in Breslau, Silesia, Germany) declares, Each of us is the product of our birth and the environment in which we grow up.[1] While perhaps a bit clich, this notion astutely captures Grohmanns experience and success as a German immigrant entrepreneur in the United States in the latter half of the twentieth and early twenty-first centuries. Although real wages had grown for the first time in years, the boom did not last as many companies continued reducing labor costs by cutting non-wage compensations like pensions, healthcare, and other fringe benefits workers relied on. We know that Eckhart is married at this point. [44] They accomplished this through the movement of capital in what has become known as deindustrialization: shifting focus to more flexible modes of production, outsourcing labor-intensive jobs, moving entire operations in pursuit of more docile, cheaper labor markets and communities willing to provide tax-breaks, or even shutting plants down altogether, selling off their assets piece by piece. [54] According to the Sentinel, the merging of Lawrans sand casting facility and operation with ACE/COs permanent mold casting outfit gave Grohmanns enterprise the largest capacity of any US aluminum jobbing foundry, and moved ACE/CO into the top ten largest aluminum jobbing firms in the country. Disclaimer: Visitor traffic is tracked using Google Analytics, 2010 - 2023 German Historical Institute |, http://www.immigrantentrepreneurship.org/entries/eckhart-g-grohmann/, Joe Walzer, University of Wisconsin-Milwaukee, The Collector: Dr. Eckhart Grohmann, Collector and Donor, Medical College of Wisconsin Advisory Boards, From the Postwar Boom to Global Capitalism, 1945-Today. Orion Systems Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. In all of his recollections of his experiences at the W. Thust facilities recorded in interviews over time, Grohmann, indeed still quite young, was an observer of hard work, not a participant in it. Right now, Eckhart Grohmann lives in Milwaukee, WI. [6] Roger A. Stafford, Aceco Plans for Turn, Know Wisconsin Industry, Milwaukee Sentinel, January 12, 1976, part 2, 9. This project is sponsored by the Transatlantic Program of the Government of the Federal Republic of Germany through funds of the European Recovery Program (ERP) of the Federal Ministry of Economics and Technology. [49] This was indeed a remarkable increase in an era of disinvestment and economic crisis. That is, half of households in the United States have more net worth, and half less - average is . [79] Ameritech Acquires Central Control Alarm, Milwaukee Journal Sentinel, May 19, 1997. [7] Mary Louise Schumacher, A Working Tribute, Review, Milwaukee Journal Sentinel, October 25, 2007, E1; Grohmann, interview, November 28, 2012. Glenn Grothman is the congressman for Wisconsin's 6th Congressional District. To achieve his success, Grohmann had to work hard, and he appreciated art that reflected that ethic. [3] Now part of Poland, the area of German Silesia that Grohmanns family called home had survived the reshaping of Eastern European territorial boundaries that occurred through the peace settlements that followed the First World War. Click here to see the complete history of Eckhart G Grohmanns form 4 insider trades. [73], Like several of Milwaukees best-known German-American entrepreneurs who married into their businesses, such as Joseph Schlitz, Valentine Blatz, and Frederick Pabst, Grohmann also married into the Weisel Sausage Company through his wife, Carole Weisel, daughter the companys owner, Carl Weisel, Jr. [38] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Aluminum Association, Aluminum Statistical Review, 1979 (Washington, DC: Aluminum Association, 1979), 12, 28. [19], As Grohmann recalls in a 2012 interview, the Second World War proved further disruptive to his familys W. Thust operations almost immediately as the German government shut down its westernmost operation during the war, deeming it non-essential to the war effort. On average, Orion Systems Inc executives and independent directors trade stock every 33 days with the average trade being worth of $30,322. The y reflect a variety of artistic styles and subjects that document the evolution of organized work from manpower and horsepower to water, steam, and electrical power. [20], As the Soviets overwhelmed the German army and the front inched ever nearer to the German homeland by early 1945, however, Germanys defeat in the Second World War became more and more certain. In addition to these internal, organizational problems, Grohmann faced broader challenges to his ACE/CO investment as well. The Grohmann Museum at MSOE is named in his honor. Green. While his endeavors required a great deal of hard work and resilience, his success in these ventures was largely assisted by some distinct advantages. Check Background Get Contact Info This Is Me - Edit Reputation & Background View All Public Private Last updated: 16 June 2019 at 12:23am EST. [99] Recognizing that many MSOE students lacked exposure to the hands-on work experiences of the past due to modern automated production processes, Grohmann decided to donate his collection to the school in 2001, thereby opening [students] eyes to the historical evolution of work from its earliest beginnings.[100] Along with his collection, Grohmann also donated a building in which to house it, establishing MSOEs Man at Work collection at the Grohmann Museum, which opened its doors on the corner of North Broadway and East State Streets in downtown Milwaukee in October 2007. "Women Stripping Feathers" by Otto Piltz, 1877 Highlights of the Grohmann Museum Executive Vice President Scott A. [51] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. [41] As a result, he experienced significant challenges . of 4,500 shares made by Anthony L. Otten I dont politicize pictures.[103], Aside from his anti-union stance, Grohmann has largely kept his political affiliations out of the public eye. Union organizers claimed ACE/COs wages started at $5.85 per hour ($8.37 in 2010 USD), with many ACE/CO employees making $10 per hour ($14.30 in 2010 USD) or less. Found in the collection of Eckhart G. Grohmann Collection. Aaron's net worth has been estimated to be $25 million. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Featured in this photo (from L-to-R) are James Kieselburg, Museum Director and Curator, Dr.. On the heels of the German invasion and quick defeat of Poland in September 1939 were the Einsatzgruppen and several units of the German Order Police that composed an extermination force targeting Jews and Communists throughout the region and facilitating the expansion and intensification of the Nazi concentration camp system. Portrait of Dr. Eckhart G. Grohmann. [82] Romell, Milwaukee Journal Sentinel, November 22, 2004; Joseph C. Niebler, Sr., Attorney Profiles, Niebler, Pyzyk, Roth, and Carrig, LLP, Attorneys at Law, (accessed February 12, 2013); Company History, Honeywell HomMed (accessed February 12, 2013). [64] Grohmann, interview with the author, December 1, 2012. [25] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. Orion Energy Systems Inc (OESX)'s detailed insider trading history can be found in Insider Trading Tracker table. The most recent stock trade was executed by Anthony L. Otten on 14 February 2023, trading 2,500 units of OESX stock currently worth $4,600. When the volume went up, we were ready.[52] And expand he did. Grohmann Museum 1000 N. Broadway, (414) 277-2300, grohmannmuseum@msoe.edu. His "Man at Work" collection, which he donated to the Milwaukee School of Engineering, comprises more than eleven hundred paintings and sculptures and focuses on people at work through time. . His family decided to move all of the processing equipment and machinery from these plants east to Silesia rather than leaving them idle in the west, expecting that the familys Silesia operations would remain safe during the war. 2023 Milwaukee Art Museum Blog, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email a link to a friend (Opens in new window). It, again, was a six-digit pound figure, which the gallery might get for a Kryer, but I told the guy that hed likely never get that money. According to Grohmann, he began searching for artwork depicting industry and individual workers and craftsmen in their workplaces in the 1960s. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. [13] Hitler and the Nazis viewed the fertile and resource-rich territories to the east, especially Poland and Russia, as the ideal area to achieve their goal of Lebensraum, or living space, for the new German Reich. Sign up in seconds, it's free! 1 (March, 1914), 114; Eckhart G. Grohmann, interview by the author, Milwaukee, Wisconsin, November 28, 2012. Arrival of the Stagecoach, ca 1859. Ten years later, I was in London going through the galleries at Bond Street, and I see my Kryer. Green . Eckhart G Grohmann Net Worth What's Eckhart Grohmann's mailing address? Eckhart's mailing address filed with the SEC is ALUMINUM CASTING & ENG., CO.,, 2039 S. LENOX ST., MILWAUKEE, WI, 53207-1209. After immigrating to the United States, he acquired his own company, Aluminum Casting and . The unit sends data over telephone lines and via wireless communications networks.[80] In six years, HomMed grew from a startup to a significant enterprise with 108 employees and $28 million in sales ($32,300,000 in 2010 USD), becoming a market leader for the device [it] sells.[81] Out of its seventy-five local investors, Peddicord held only an 18 percent stake in the company, with Grohmann and other investors holding 70 percent. Numerous white workers with increased social and economic mobility left the city for newer, more spacious suburbs, segregating those without this mobility (typically minority populations) in urban centers, and effectively fragmenting urban life. Founded in 1878, the Weisel Sausage Company was deeply rooted in Milwaukees German heritage as the oldest sausage-making firm in the city, as well as one of the big three ethnic sausage makers in the United States. 2000). [59] Robert H. Zieger and Gilbert J. Gall, American Workers, American Unions: The Twentieth Century, 3rd ed. Needing more sales experience as part of his training, the president of the companys Wisconsin branch requested that Grohmann join their team in Milwaukee. Green. [21] Grohmann recalls that Polish and Russian forces extracted his whole family from their home and business, and, along with a large portion of the German population, they were driven like cattle out west in the middle of winter.[22] Having to start from scratch with little more than empty buildings and a good name, Grohmanns family moved their W. Thust operations to their westernmost facility, a small processing facility located just outside of Frankfurt. According to a 1976 story in the Milwaukee Sentinel, two significant executives departed ACE/CO shortly after Grohmann had acquired the firm, producing a rather rocky transfer that threatened the ongoing work and ultimate success of the enterprise. ACE/CO had indeed dropped the flat across-the-board annual wage increase, but did so in favor of a merit pay system that he argued had better rewarded hard work. [23] Ibid. According to the Milwaukee Journal, the county medical examiners report indicated that other workers had complained that the same machine had problems the year before. [24] Philipp Ther and Ana Siljak, eds., Redrawing Nations. The Grohmann Museum is named in honor of Dr. Eckhart Grohmann, an MSOE Regent, Milwaukee businessman and avid art collector, who donated this collection to MSOE in 2001. The most recent stock trade was executed by Anthony L. Otten on 14 February 2023, trading 2,500 units of OESX stock currently worth $4,600. 2503 E Jarvis St, MILWAUKEE, WI 53211-2131 View Address Year Built: 1924 Bedrooms: 5 Baths: 5.00 Garage Size: 2 Property Lot Size: 5490 SF Building Area: 4101 Owner: gert e grohmann Tax Year: 2016 Tax Amount: $10981.15 Total Market Value: $385,000 +Edit Past Address 2503 E Jarvis St, Milwaukee, WI 53211 View Address +Edit Past Address However, this was not to be the case. He remained on the board for thirteen years. Davis writes, The work at ACE/CO is dirty, heavy and hot, and the nauseating smell of chemicals permeates the air, the workers' clothing, and even the atmosphere around the plant. Molten metal accidents leave scars on hands and bodies. More than 1000 paintings depict people working in some capacity, from farmers to factory . Stock quotes provided by InterActive Data. The most active insiders traders include Kenneth M Young, John H Scribante et Scott A. The collection was donated to MSOE by Dr. Eckhart Grohmann, . Schoolchildren visit, carolers stop by, tourists take pictures and send prints and thank-you notes.[89] During the 1973 energy crisis, the Grohmanns turned on their intricately lit tree only on Christmas and New Years Eve and Day.[90]. [76] Gordon L. Randolph, Century Old Weisel Sausage Closed, Milwaukee Journal, part 2, 15; Wrights Milwaukee City Directory, 1979 (Milwaukee: Wright Directory Co., 1979), 1024. The Museum has three floors of galleries and a rooftop sculpture garden. Even though aluminum production and jobbing continued to thrive through the latter half of the century, Grohmann was attempting to establish and grow a successful business in the midst of a time of massive social and economic restructuring in the United States, which scholars have characterized as the beginning of the post-Fordist, post-industrial, or post-modern era. [14] Alexander B. Rossino, Hitler Strikes Poland: Blitzkrieg, Ideology, and Atrocity (Lawrence, KS: University of Kansas Press, 2003); Ulrich Herbert, Labour and Extermination: Economic Interest and the Primacy of Weltanschauung in National Socialism, Past and Present, no. a net *FREE* shipping on qualifying offers. Silesia was also a significant rock-quarrying regionan industry in which Grohmanns family had built a notable and extensive enterprise. Last updated: 16 June 2019 at 12:23am EST. This project is sponsored by the Transatlantic Program of the Government of the Federal Republic of Germany through funds of the European Recovery Program (ERP) of the Federal Ministry of Economics and Technology. 2, 9 Trial Thru Apr 25, 2023 Zieger and Gilbert J. Gall, Unions! [ 68 ] National Labor Relations Board v Aluminum Casting and 1877 Highlights of the public.! Eds., Redrawing Nations qualifying offers Central Control Alarm, Milwaukee Sentinel, 12... 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