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What's New
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KIPnotes adds new titles to its bibliographies almost every day. The
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COMING in '07:
Toyota, Death Row Records, Ryanair, Lazard Freres, New York Post.
In the News
The
Top 100 - Most Influental Figures in American History
- The Atlantic Monthly
published its list in December 2006; 17 were in world of business:
5) - Alexander
Hamilton, 9) - Thomas Edison, 11) - John D. Rockefeller, 14) -
Henry Ford, 20) - Andrew Carnegie, 24) -
Alexander
Graham Bell,
26) -
Walt Disney, 27) - Eli
Whitney, 37) - J. P. Morgan, 45) - Samuel F. B. Morse, 54) - Bill
Gates, 67) - P. T. Barnum, 72) - Sam Walton, 73) - Cyrus
McCormick, 80) - William Randolph Hearst, 94) - George Eastman,
95) - Sam Goldwyn.
______________________________________________________________________
INDUSTRIES (click on industry
name
- in red
-
to go to industry
page)
Aircraft.
Seishi Kimura (2007).
The Challenges of Late Industrialization: The Global Economy and the
Japanese Commercial Aircraft Industry. (New York, NY: Palgrave
Macmillan, 240 p.). Associate Professor of International Business
(Fukushima University, Japan). Competition, International; Barriers to
entry (Industrial organization); Aircraft supplies industry--Japan--Case
studies; Aircraft industry--Japan--Case studies. Author identifies
underlying factors for latecomer firms to catch
up as system integrators or to upgrade as suppliers in
fast-globalizing industries. Several perspectives on firm
growth, from resource-based view to global value chains, are
integrated into comprehensive framework;
illustrates how/why post-war Japanese commercial aircraft firms have
upgraded yet failed to catch up; draws lessons for current
latecomers. Buy Now!!
Automotive.
(Toyota), Dan Coffey (2007).
The Myth of Japanese Efficiency: The World Car Industry in a Globalizing
Age. (Northampton, MA: Edward Elgar, 202 p.). Lecturer in
Microeconomics (University of Leeds). Toyota Jido¯sha Kabushiki Kaisha;
Automobile industry and trade--Japan--Management; Automobile industry
and trade--Production control--Japan.
Form and meaning of `production
fantasy'. Author argues that the `lean and
flexible' production model popularly associated with Toyota MC is
a myth, sheds light on cultural responses to stresses of
globalization; provides individual studies of process flexibility,
labor productivity, re-organization of work in global car
industry; widely evaluates Japanese impacts on global economy,
resurgent Western capitalism; proposes fundamental re-assessment
of popular accounts of Japan's manufacturing success: 1)
fictionalization of history, 2) propagation of questionable
empirical conclusions, 3) observations on wider impact of `lean
and flexible' approach. Buy Now!!
Beverages.
(Tea Trade), Beatrice Hohenegger (2006).
Liquid Jade: The Story of Tea from East to West. (New York,
NY: St. Martin’s Press, 320 p.). Guest Curator of a Traveling Museum
Exhibition on the History and Culture of Tea. Tea--History;
Tea--Social aspects; Tea trade--History. Author explores tea in all
its social and cultural aspects; tells story
of western greed and eastern bliss: 1) China
first used tea as a remedy. Taoists celebrated tea as the elixir
of immortality. Buddhist Japan developed a whole body of practices
around tea as a spiritual path; 2) traumatic encounter of
refined Eastern cultures with first Western merchants,
trade wars, emergence of ubiquitous English East India Company;
Scottish spies crisscrossed China to steal secrets of tea
production; army of smugglers made fortunes with tea deliveries;
in name of "free trade" English imported opium to China in
exchange for tea; exploding tea industry in eighteenth century
reinforced practice of slavery in sugar plantations; one reason
why tea became popular is that it helped sober up the English;
19th century massive consumption of tea in England also led to
development of large tea plantation system in colonial India
(success for British Empire tea, untold misery for generations of
tea workers; 3) tea’s beauty and delights - myths
about beginnings of tea, lovers’ legend in familiar
blue-and-white porcelain willow pattern, rich and varied selection
of works of art , historical photographs (rare, comprehensive
visual tea record); includes engaging and lesser-known topics. Buy Now!!
Broadcasting.
James L. Baughman (2007).
Same Time, Same Station: Creating American Television, 1948--1961.
(Baltimore, MD: Johns Hopkins University Press, 460 p.).
Professor, Director of the School of Journalism and Mass
Communication (University of Wisconsin--Madison). Television
broadcasting--United States--History.
Commercial success over cultural aspiration; battle of ideas in
early 1950s which determined future of television
Business Services.
(UPS), Greg Niemann (2007).
Big Brown: The Untold Story of UPS. (San Francisco, CA: Jossey-Bass, 272
p.). Retired UPS Driver and Publications Editor. United Parcel Service; Express
service--United States. Rags-to-riches story
of reclusive UPS founder Jim Casey and the world's largest package
delivery company (100th anniversary in 2007).
How small messenger service became a
business giant. Author reveals remarkable 100-year history
of UPS, life of its founder Jim Casey—one of the greatest unknown
capitalists of the twentieth century. Casey pursued Spartan
business philosophy - emphasized military discipline, drab
uniforms, reliability over flash, traditional management style,
strict policies coupled with high employee loyalty, strong labor
relations; from its historical "anti-marketing" bias (why brown?)
to its sterling brand loyalty and reputation for quality. Buy Now!!
Conglomerates.
(GE), William E. Rothschild (2007).
The Secret to GE’s Success. (New York, NY: McGraw-Hill, 293
p.). General Electric Company--History; General Electric
Company--Management; Electric industries--United
States--Management--Case studies.
Author explains five keys that made GE a
global phenomenon; gives managers a complete toolkit for
duplicating its remarkable success; explains
GE Code (hallmark of all GE leadership teams); provides
far-ranging prescriptive plan for strategizing the GE way. Buy Now!!
(Koch Industries), Charles G. Koch (2007).
The Science of Success: How Market Based Management Built the World's
Largest Private Company. (San Francisco, CA: Jossey-Bass, 208
p.). Chairman of the Board and CEO of Koch Industries, Inc.
Organizational change; Industrial management; Organizational behavior.
World's largest privately held company (refining and
chemicals, fibers and polymers, commodity and financial trading,
forest and consumer products)
- 2,000-fold growth since 1967 (
80,000 employees in 60 countries, $90 billion in revenues in 2006);
Market-Based Management - rooted in the Science of Human
Action; nurtures personal qualities of humility, integrity that
build trust and confidence to enhance future success through
learning from failure; culture of thinking in terms of opportunity
cost, comparative advantage for all employees;
defined by five dimensions: 1) Vision—Determining
where and how the organization can create the greatest long-term
value; 2) Virtue and Talents—Helping
ensure that people with the right values, skills and capabilities
are hired, retained and developed; 3)
Knowledge Processes—Creating, acquiring, sharing and
applying relevant knowledge, and measuring and tracking
profitability; 4) Decision Rights—Ensuring
the right people are in the right roles with the right authority
to make decisions and holding them accountable;
5) Incentives—Rewarding people
according to the value they create for the organization.
Continuous transformation and positive growth. Buy Now!!
Hospitality.
(Loews Hotels), Jonathan Tisch (2007).
Chocolates on the Pillow Aren't Enough: Reinventing the Customer
Experience to Win Lifelong Loyalty. (Hoboken, NJ: Wiley, 256
p.). CEO of Loews Hotels. Hospitality industry--Customer services;
Hotel.; Customer relations. Author shows how lessons he’s learned in
the hospitality industry have now become important for every
leader; creating intimate, positive,
long-lasting connection with customer is what the world’s great
hoteliers do best = key to twenty-first-century success for every
kind of organization; companies that provide meaningful
customer experiences consistently are ones that will enjoy
unbeatable competitive advantage. Examples: In-N-Out Burger,
Commerce Bank, Target; treating
customers like guests, no matter what the product or service, is
way to get ahead. Buy Now!!
Oil.
Lisa Margonelli (2007).
Oil on the Brain: Adventures from the Pump to the Pipeline.
(New York, NY: Nan A. Talese/ Doubleday, 336 p.). Irvine Fellow at the
New America Foundation. Petroleum industry and trade. Where gasoline
comes from. One-hundred thousand mile
journey up the oil delivery chain - from local gas station to oil
fields half a world away; complicated and often tenuous process.
2003 - author spent time at independent gas stations; observed
owners might clear pennies per gallon of gas, survive on impulse
sales of junk food and soda; spent days with tanker truck driver,
suppliers; toured refineries; witnessed lonely workers on a Texas
oil rig; visited "wildcatters" in Texas, Strategic Petroleum
Reserve in Gulf of Mexico, oil pit at the New York Mercantile
Exchange (oil analyst who almost gave birth); reports on vast
petroleum network; traveled to Venezuela, Chad (villagers said to
wander oil fields in guise of lions), Nigeria (warlord who changed
world price of oil with single cell phone call), Persian Gulf
(Salmon oil fields in Iran), Shanghai bureaucrats who dream of
creating a new Detroit.
Buy Now!!
Retail - Specialty.
Amy Stewart (2007).
Flower Confidential: The Good, the Bad, and the Beautiful in the
Business of Flowers. (Chapel Hill, NC: Algonquin Books,
320 p.). Winner of 2005 California Horticultural Society's
Writer's Award. Cut flower industry--United States--History; Cut
flower industry--History. $6.2 billion spent
annually on cut flowers. Author goes
inside the flower trade: 1) hybridizers (create new
varieties in the laboratory), 2) growers (produce flowers by
the millions often in a factory-like setting), 3) Dutch
auctioneers (set the bar and the price), 4) neighborhood florists
(orchestrate mind-boggling demands of Valentine’s and Mother’s
Day); explores relevance of flowers in lives, in history; reveals
all that has been gained—and lost—by tinkering with nature. Buy Now!!
Telecommunications.
(Grameen Phone Ltd.), Nicholas P. Sullivan (2007).
You Can Hear Me Now: Connecting the World’s Poor to the Global Economy.
(San Francisco, CA: Jossey-Bass, 272 p.). Publisher of the journal
Innovations: Technology/Governance/Globalization (MIT Press), Partner in
the Global Horizon Fund. Grameen Phone Ltd.; Cellular telephone services
industry--Developing countries.; Information technology--Developing
countries; Telecommunication--Developing countries. Iqbal Quadir,
visionary, catalyst behind creation of GrameenPhone in Bangladesh.
Partnership between Norway’s Telenor and Grameen Bank. Bangladeshi
villagers, sharing cell phones, helped build thriving company with
more than $200 million in annual profits. Lesson for rest of
world? "external combustion engine"
(comprises three forces) - 1) information technology, imported by
2) native entrepreneurs trained in the West, backed by 3) foreign
investors. Buy Now!!
Textiles.
Jacqueline Field, Marjorie Senechal, Madelyn Shaw (2007).
American Silk, 1830-1930: Entrepreneurs and Artifacts.
(Lubbock, TX: Texas Tech University Press. Former Costume Curator,
Professor of Textiles and Design (Westbrook College); Professor of
Mathematics and History of Science and Technology (Smith College);
Curator of the Costume and Textile Collection at the Rhode Island
School of Design Museum. Silk industry--United States--History--19th
century. Authors trace the American silk
industry, once the world’s largest,
through case studies of the Nonotuck (Northampton, Massachusetts),
Haskell (Westbrook, Maine), and Mallinson (New York and
Pennsylvania) silk companies; examine entrepreneurs,
history of technology/products from sewing-machine thread to
mass-produced plain and high-fashion silks. Buy Now!!
Tobacco.
Allan Brandt (2007).
The Cigarette Century: The Rise, Fall and Deadly Persistence of the
Product That Defined America. (New York, NY: Basic Books, 672
p.). Amalie Moses Kass Professor of the History of Medicine (Harvard
Medical School), Professor in the Department of the History of
Science (Harvard University). Tobacco industry--United
States--History--20th century; Smoking--United
States--History--20th century; Smoking--Health aspects.
How one humble (largely useless) product
came to play such dominant role in our lives and deaths.
Definitive history of the cigarette, product that shaped
twentieth-century America--from modern advertising to science,
from regulatory politics to glamour and style; industrial
manufacture of cigarettes began in late nineteenth century; really
took off at the turn of the century with invention of modern
consumer, advertising campaign; became
indispensable accessory of glamour, sex appeal (Marlene
Dietrich to Humphrey Bogart to Anne Bancroft); author explores
critical aspects of American life; shows how smoking came to be so
deeply implicated in our culture, science, policy, law;
demonstrates how cigarette reflects most powerful debates of our
time about risk, responsibility, human health. Buy Now!!
Wall Street - Trading History.
Ranald C. Michie (2007).
The Global Securities Market: A History. (Oxford, UK:
Oxford University Press, 399 p.). Department of History
(University of Durham). Securities industry -- History; Securities
-- History. Securities markets from its
beginnings in Medieval Venice through Amsterdam, London to its
operations in Tokyo, New York today. Buy Now!!
MANAGEMENT (click on management
theme
-
in red
-
to go to management
page)
Education &
Learning. Alan P. Rudy, Dawn Coppin, Jason Konefal, Bradley T. Shaw, Toby
A. Ten Eyck, Craig Harris and Lawrence Busch (2007).
Universities in the Age of Corporate Science: The UC
Berkeley-Novartis controversy. (Philadelphia, PA: Temple
University Press, 256 p.). University of California, Berkeley;
Novartis Agricultural Discovery Institute, Inc.; Business and
education--United States; Education, Higher--Economic
aspects--United States. Inside story of
partnership ($25 million contract) between Plant and Microbial Biology
Department at University of California, Berkeley, and Novartis
Agricultural Discovery Institute (subsidiary of Novartis,
international pharmaceutical, agribusiness conglomerate). Buy Now!!
Management
History.
Phil Rosenzweig (2007).
The Halo Effect and Other Business Delusions: Why the Experts Are So
Often Wrong--and How To Get It Right. (New York, NY: Free
Press, 256 p.). Professor at IMD (International Institute for
Management Development, Lausanne, Switzerland). Industrial
management--Philosophy; Business enterprises--Public opinion;
Fallacies (Logic); Success in business. Clearer understanding
of what drives business success and failure. Author unmasks
delusions commonly found in the corporate world
(rigorous thinking vs. storytelling); most pervasive delusion is Halo
Effect - company performance creates Halo that shapes perception of
strategy, leadership, people, culture, more (when company's sales,
profits are up, people often conclude it has brilliant strategy,
visionary leader, capable employees, superb corporate culture; when
performance falters, they conclude strategy was wrong, leader became
arrogant, people were complacent, culture was stagnant); shows how
Halo Effect is widespread, undermines usefulness of business
bestsellers from In Search of Excellence to Built to Last and Good to
Great; identifies 9 popular business delusions:
9 popular business delusions: 1) Halo
Effect; 2) Correlation and Causality; 3) Single Explanations; 4)
Connecting the Dots; 5) Rigorous Research; 6) Lasting Success; 7)
Absolute Performance; 8) Wrong End of the Stick; 9) Organizational
Physics.
Buy Now!!
Organizational Behavior.
Robert I. Sutton (2007).
The No Asshole Rule: Building a Civilized Workplace and Surviving
One That Isn’t. (New York, NY: Warner Business, 224 p.).
Professor of Management Science and Engineering (Stanford
Engineering School),. Organizational behavior; Bullying in the
workplace; Psychological abuse; Courtesy; Work environment. Author
reveals huge TCA (Total Cost of Assholes) in today's corporations;
shows how to spot an asshole (rude interruptions, subtle putdowns,
"sarcastic jokes", "teasing" as "insult delivery systems"); provides
"self-test" to determine whether you deserve to be branded as a
"certified asshole"; offers tips to keep your "inner jerk" from
dominating; shows how managers can eliminate mean-spirited,
unproductive behavior (positively channel some of virtues of assholes)
to generate an asshole free (productive) workplace; analyzes how
Google's "don't be evil" maxim helped launch company to unprecedented
early growth, how JetBlue, Southwest Airlines "fire" passengers who
demean their employees, how "belligerent" e-mail from Cerner
Corporation CEO, Neal Patterson, made company's stock plunge 22% in
three days (how his graceful apology helped stock rebound). Buy Now!!
BUSINESS HISTORY (click on business
history theme
- in red
-
to go to that page)
Business Growth & Influence.
Eds. Michael E. Kraft, Sheldon Kamieniecki (2007).
Business and Environmental Policy: Corporate Interests in the
American Political System. (Cambridge, MA: MIT Press,
376 p.). Professor of Political Science and Public Policy and
Herbert Fisk Johnson Professor of Environmental Studies
(University of Wisconsin-Green Bay); Dean of the Division of
Social Sciences (University of California, Santa Cruz).
Corporations--Political aspects--United States; Business and
politics--United States; Legislation--United States; Corporate
power--United States; Environmental policy--United States;
Industrial management--Environmental aspects--United States.
Authors examine extent to which business
succeeds in its policy interventions; systematically analyze
corporate influence at all stages of policy process, focus on
factors that determine success or failure of business lobbying
in Congress, state legislatures, local governments, federal and
state agencies, courts; consider whether business influence is
effectively counterbalanced by efforts of environmental groups,
public opinion, and other forces; examine use of media to
influence public opinion (battle over drilling in Arctic National
Wildlife Refuge), corporations’ efforts to sway elections by
making campaign contributions; provide broad-based empirical
evidence of corporate influence on environmental policy. Buy Now!!
Crises - Financial.
(U.S.), William L. Silber (2007).
When Washington Shut Down Wall Street: The Great Financial Crisis of
1914 and the Origins of America’s Monetary Supremacy.
(Princeton, NJ: Princeton University Press, 232 p.). Marcus Nadler
Professor of Finance and Economics at the Stern School of Business (New
York University). McAdoo, William Gibbs, 1863-1941; Currency
crises--United States--Case studies; Currency question; World War,
1914-1918--Finance; Gold standard. Author traces
Treasury Secretary William Gibbs McAdoo's triumph over monetary
crisis at outbreak of World War I that threatened United States
with financial disaster; biggest gold outflow in a generation
imperiled America's ability to repay its debts abroad.
Fear that the United States would abandon
the gold standard sent the dollar plummeting on world markets.
1914 - no central bank; McAdoo shut New York Stock
Exchange for more than four months to prevent Europeans from
selling their American securities and demanding gold in return;
smothered country with emergency currency to prevent a replay of
bank runs that swept America in 1907; launched United States as
world monetary power by honoring America's commitment to gold
standard. Buy Now!!
Economics.
Diane Coyle (2007).
A Soulful Science: What Economists Really Do and Why It Matters.
(Princeton, NJ: Princeton University Press, 288 p.). Visiting Professor
(University of Manchester), Former Economics Editor (Independent).
Economics--Psychological aspects; Economics--Sociological aspects.
Author describes remarkable creative renaissance in how economics
is addressing most fundamental questions, how it is starting to
help solve problems (poverty, global warming); uncovers
hidden humanization of economics over the
past two decades; shows how better
data, increased computing power, techniques (game theory) have
transformed economic theory and practice in recent years, enabled
economists to make huge strides in understanding real human
behavior; economists are: 1) revolutionizing efforts to
solve world's most serious problems, 2) giving policymakers new,
more accurate picture of human society than ever before, 3)
building capacity to understand how what we do today
(resource auctions, pollution-credit trading, monetary policy)
shapes what the world will look like tomorrow (consequences for
human life, governments, businesses). Buy Now!!
Bill McKibben (2007).
Deep Economy: The Wealth of Communities and the Durable Future.
(New York, NY: Times Books, 262 p.). Former Staff Writer for The
New Yorker, Scholar in Residence at Middlebury College. Economic
development--Social aspects; Community development.
Ways that growth economics have led us
astray, "more" is no longer synonymous with "better", need to move
beyond "growth" as paramount economic ideal, pursue prosperity in
more local direction; puts forward new way to think about
things we buy, food we eat, energy we use, money that pays for it
all; advises pursuing prosperity in more local direction (cities,
suburbs, regions producing more of their own food, generating more
of their own energy, creating more of their own culture and
entertainment); shows this concept blossoming around world with
striking results (burgeoning economies of India and China to more
mature societies of Europe and New England); offers route out of
worst environmental threats; provides insight to think about one’s
life as an individual, as member of larger community. Buy Now!!
Economics - Consumption.
Eds. John Styles, Amanda Vickery (2007).
Gender, Taste, and Material Culture in Britain and North America,
1700-1830. (New Haven, CT: Paul Mellon Centre for Studies
in British Art / The Yale Center for British Art / Yale University
Press, 368 p.). Research Professor in History (University of
Hertfordshire); Reader in the History of Women and Gender at Royal
Holloway (University of London). Material culture. 1700 -
1830 - men and women in Britain, North America gained
unprecedented access to material things; British Atlantic was an
empire of goods, held together by political authority, common
language, shared material culture nourished by constant flows of
commodities - exotic luxuries of mercantile and colonial expansion
(tea and sugar); novel home furnished (clocks, earthenware
teapots); Authors compare developments in
Britain and North America; consider basic questions about women,
men, objects in these regions; show profound significance of
everyday objects in eighteenth-century Atlantic world.
Buy Now!!
Benjamin R. Barber (2007).
Con$umed: How Markets Corrupt Children, Infantilize Adults, and
Swallow Citizens Whole. (New York, NY: Norton, 320 p.). Gershon and Carol Kekst Professor of Civil Society and
Distinguished University Professor (University of Maryland).
Consumption (Economics)--United States; Consumer behavior--United
States; Child consumers--United States; Capitalism--United States;
Materialism--United States--Social aspects; Mass society; United
States--Social conditions--1980-. How adult
consumers are infantilized in global economy that overproduces
goods, targets children as consumers in market where there
are never enough shoppers. Driven by a frantic imperative to sell,
consumer capitalism specializes today in
manufacture of needs (not goods); shows how infantilist ethos
deprives society of responsible citizens, displaces public goods
with private commodities; traditional liberal democratic
society is colonized by all-pervasive market imperative; public
space is privatized, identity is branded, world homogenized; how
citizens can resist, transcend civic schizophrenia with which
consumerism has infected them.
Buy Now!!
Scandals & Fraud.
Ed. Steven Hiatt; introduction by John Perkins
(2007).
A Game as Old as Empire: The Secret World of Economic Hit Men and
the Web of Global Corruption. (San Francisco, CA:
Berrett-Koehler Publishers, 250 p.). International business
enterprises--Corrupt practices; Political corruption; Structural
adjustment (Economic policy); Dependency; Globalization--Social
aspects. Author reveals how 'Economic Hit Men' game has
functioned, continues to function, in many countries around world;
shows how various pieces of system come together to create
world’s first truly global empire; offers call to action, explains
what ordinary citizens can do to confront, unravel this
destructive network of control. shows how
First Word countries have used "economic hit men" (World Bank, IMF,
coercion, strong-arm tactics) to steal from developing countries -
often in collusion with the elites of those countries who are
happy to hide their ill-gotten gains in offshore accounts.
Buy Now!!
FICTION (click on fiction
theme
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in red
-
to go to fiction page)
Fiction
- (Work), Joshua Ferris (2007).
Then We Came to the End: A Novel. (New York, NY: Little,
Brown and Co., 400 p.). Clerks--Illinois--Chicago--Fiction;
Chicago (Ill.)--Fiction. Life in the office - group of
copywriters, designers at Chicago ad agency face layoffs at end of
the '90s dot-com boom; they milling around in cubicles, take
advantage of increasingly infrequent free morning bagels, have almost
no work to do but plenty of time to talk about each other. Author exposes delusions people in groups are
susceptible to, surprising little cruelties they're capable of; lays bare
strange interconnectedness of human cogs in corporate machine
during business downturn: gossip, secret romance, elaborate
pranks, increasingly frequent coffee breaks.
Buy Now!!
______________________________________________________________________
Exhibits/Conferences
MODERNISM IN AMERICAN SILVER: 20TH-CENTURY DESIGN
(November 10, 2006 through March 25, 2007)
The Wolfsonian–Florida International University
Museum, Miami Beach, FL
http://www.wolfsonian.org/exhibitions/current/silver.main.html
This exhibition
focuses on the advent of modern design in the American silver
industry between 1925 and 2000, a period that witnessed the
transformation of American life and with it, the traditional role
of silverware.
______________________________________________________________________
Anniversaries - 2007
Fortnum and Mason -
300th
Anniversary:
1707 -
William Fortnum, former
footman in Queen Anne's household,
joined
Grocer Hugh Mason in new grocer’s shop
in Piccadilly; prospered in Georgian era
(1705
-
Mason ran small shop in St James’s Market;
Fortnum rented room from Mason);
1846 - Richard Fortnum bequeathed 1,500 pounds (about
500,00 pounds today) to staff; March 2, 1863 -
appointed Grocers to HRH the Prince of Wales; April 1, 1867
- appointed oilmen to their Royal Highnesses Prince and Princess
Christian of Schleswig-Holstein; October 5, 1867 -
appointed furnishers to the Establishment of HRH the Crown
Princess of Prussia, Princess Royal of Great Britain and Ireland;
December 12, 1867 - appointed confectioners and
Foreign Warehousemen to HRH the Princess of Wales; 1886
- Henry Heinz carried five cases of baked bean samples from the
United States, F & M took them all, introduced baked beans to
Britain for the first time; June 8, 1887 - appointed
foreign Warehousemen to HRH the Prince of Wales; July 16,
1887 - appointed purveyors of Oilery to HM the Queen;
1925 - introduced Ladies’ fashions, children’s clothes,
kitchenware, perfumes during Jazz Age; 1964 -
Fortnum’s clock, with bells from the same foundry as Big Ben,
added to front of store1998 - launched online store
with 50 hampers; 2004 - Fortnum & Mason Japan
opened.
John Wiley & Sons
-
200th
Anniversary:
1807 - Charles Wiley (25)
opened printing shop in lower Manhattan; 1809
- formed printing, publishing, bookselling partnership with
Cornelius Van Winkle, a noted printer; 1812 - "C.
Wiley, Printer" appeared for first time on title pages of several
legal works; 1820 - focused on publishing and
bookselling; 1826 - son John (18)
took over at his death; 1836 -
hired George Putnam as a junior partner; 1875 -
company adopted current name, John Wiley & Sons;
January 16, 1904 - family business incorporated, with
William H. Wiley as President, Charles Wiley as Vice President,
and William O. Wiley as Secretary.
Boston Lying-In Hospital -
175th
Anniversary:
1832 - Local
physicians, including obstetrician Walter Channing (Harvard's
first professor of obstetrics in 1815) founded Boston Lying-In
Hospital, one of nation’s first maternity hospitals; opened doors
to women unable to afford in-home medical care; 1847
- anesthesia administered in childbirth for first time; 1875
- Free Hospital for Women founded "for poor women affected with
diseases peculiar to their sex or in need of surgical aid"; each
of five beds sponsored by different charitable group; 1911
- Peter Bent Brigham Hospital established "for the care of sick
persons in indigent circumstances" with bequest from restaurateur
and real estate baron Peter Bent Brigham; 1914 -
Robert Breck Brigham Hospital, founded with bequest from Peter
Bent Brigham’s nephew, opened to serve patients with arthritis,
other debilitating joint diseases; 1966 - Boston Hospital for
Women established through merger of Boston Lying-In Hospital and
Free Hospital for Women; 1974 - Boston Hospital for
Women, Peter Bent Brigham Hospital, Robert Breck Brigham Hospital
affiliated; 1980 - Brigham and Women’s Hospital
opened; 1986 to 1990 - acknowledged as having
received more citations in scientific papers than any other
hospital in world; 1994 - joined Massachusetts
General Hospital, formed Partners HealthCare System.
Erie Railroad -
175th
Anniversary:
April 24, 1832
- New York State legislature chartered New York and Erie Rail
Road; required that railroad: 1) not connect with any out-of-state
road (connected Hudson River at Piermont, north of New York City,
to Lake Erie at Dunkirk); 2) raise $10 million, 3) not formally
organize until half its stock was subscribed to; May 19,
1851 - full length to Dunkirk opened; built as 6 foot wide
gauge; August 1859 - company went into receivership
due to large construction costs; first bankruptcy of a major trunk
line in the U.S.; June 25, 1861 - reorganized as
Erie Railway; 1867 - Jay Gould (31) became a
director of the Erie RR; waged "Erie War" with Cornelius
Vanderbilt for control; issued illegal stock, bribed state
legislators, manipulated stock in his own interest and that of his
group; 1868 - became president (expelled in 1872);
1874 - reorganized, became New York, Lake Erie &
Western Railroad; June 22, 1880 - entire system
converted to standard gauge; 1893 - went into bankruptcy
reorganization, emerged as Erie Railroad; January 18, 1938
- entered bankruptcy; October 17, 1960 - merged with
Delaware, Lackawanna & Western, formed Erie-Lackawanna.
Jardine, Matheson -
175th
Anniversary:
July 1, 1832 - Former East India Company merchant ship's
surgeon William Jardine (48) and Scottish-born aristocratic junior
partner James Matheson (36) formally registered Jardine, Matheson &
Company in Canton, China as trading services (agency) house
involved in trading, banking, shipping, insurance, cotton, mines,
railways;
largest of private traders ('risk-brokers') in Canton trading district;
offered "agency services" (banker, bill broker, ship owner, freighter,
insurance agent, purveyor); 1832 - four products traded:
1)and 2) tea and silk from China (sold to Great Britain and India, 3)
cotton textiles from Great Britain and Europe (sold to China), 4) opium
from India (sold to China); 1834 - sent first private
shipments of tea to England (East India Company lost monopoly on trade
with China); 1836 - promoted founding of Hong
Kong; 1844 - first trading firm to buy land in Hong Kong,
move headquarters there; 1870 - focused on Japan; 1876 - set up first railroad in China from
Shanghai to Woosung; 1885 - primarily interested in
railway contracts; 1898 - jointly created British and
Chinese Corporation with Hongkong Shanghai Banking Corporation,
linked Yangtze River to interior by rail to facilitate transport of
goods; helped establish The Star Ferry Company; 1885 - established Matheson & Co.
(investment division) became investment manager,
financier;
1908 - Matheson & Co. incorporated; 1979 - one of first companies to
re-establish relations with China, opened representative office in
Beijing.
The Atlantic -
150th
Anniversary:
November 1857 - Moses Dresser Phillips published first
issue of The Atlantic, new journal of American politics,
art and literature; featured poems by Emerson, Longfellow, John
Greenleaf Whittier and James Russell Lowell (magazine's first
editor).
Banco Santander Central Hispano
-
150th
Anniversary:
May 15, 1857
- Emilio Botín y Lopez founded Banco Santander in city of
Santander, in Spain's Cantabria region, to finance trade with
Latin America; one branch, 13 employees, 72 shareholders;
January 14, 1875 - incorporated; 1925 -
opened his first office outside the region, in Osorno (Palencia);
1986 - 6th largest bank in Spain (assets); initiated
customer-friendly retail banking strategy, acquired more than 30
banks from Bilbao to Brazil (estimated more than $40 billion in
acquisitions, nearly $13 billion in Latin America);
1994 - paid $2 billion for 60%
stake in Banesto, well-known retail bank; 1999 -
became number one in Spain with $9.6 billion acquisition of Banco
Centro Hispano; November 20, 2000 - took 33% stake
in do Estado de São Paulo (Banespa), seventh-largest bank in
Brazil, for $3.555 billion (five times book value, 281% premium
above estimated minimum economic value of $945 million);
September 2004
- acquired British mortgage lender Abbey National, UK's sixth
largest bank, for approximately $15 billion, created Europe's
fourth-largest bank in terms of market capitalization; largest
cross-border banking acquisition ever in EU; December 31,
2005 - 9th largest bank in world.
Birmingham Post -
150th
Anniversary:
1857 - John Frederick
Feeney and John Jaffray founded the Birmingham Daily Post in
Birmingham, England as a Monday to Friday Paper of four pages,
priced at one penny; 1870 - John Feeney (son)
started evening offshoot of the "Daily Post", the "Daily Mail";
1894 - became operator of the "Post" and the "Mail"
(retirement of Sir John Jaffray); largest selling broadsheet in
the West Midlands region; first to introduce Linotype machines,
and the first to have a London office linked by private wire to
its headquarters; 1991 - acquired in management
buy-out, Midland Independent Newspapers (MIN) formed;
November 1997 - Mirror Group acquired MIN for 305 million
pounds; September 1999 - Mirror Group merged with
Trinity plc (founded 1985) to become biggest newspaper publisher
in the UK (240 regional papers, 5 national titles, 4 sports
newspapers).
Buena Vista Winery -
150th
Anniversary:
1857 - Count Agoston
Haraszthy (45), first Sheriff of San Diego County, founder of a
city in Wisconsin (Sauk City), ferryboat owner and member of the
Hungarian Royal Guard, founded Buena Vista Winery in Sonoma, CA;
planted some of the state’s first European varietals (Tokay,
Zinfandel, and Shiras grape varieties); 1906 -
earthquake destroyed its underground cellars; 1940 -
Frank Bartholomew, former head of AP, acquired 500 acres of Sonoma
land without knowing an abandoned winery came with the property;
with help of Andre Tchelistcheff, considered America's most
influential post-Prohibition winemaker, restored Buena Vista's
vineyards, caves and winery to its original grandeur; 1981
- acquired by Moller-Racke family of Germany; 2001 -
acquired by Allied-Domecq; California’s oldest premium winery.
The McClatchy Company -
150th
Anniversary: February 3,
1857 - James McClatchy published first issue of The Daily
Bee in Sacramento, CA: "The name of The Bee has been adopted as
being different from that of any other paper in the state and as
also being emblematic of the industry which is to prevail in its
every department"; 1883 - Valentine Stuart and
Charles Kenny (sons) bought out last remaining co-owner of
newspaper after their father's death; September 1, 1923
- After nearly 40 years of running the company as equals, brothers
agreed to bid privately against each other for sole control of
company; C.K. submitted higher bid, took over; 1979
- acquired first out-of-state newspapers; 1989 -
Erwin Potts became first non-family member to head company;
1999 - revenues exceed $1 billion for the first time;
2004 - 20th consecutive year of daily circulation growth,
record unmatched in U.S. newspaper industry; March 13, 2006
- McClatchy Company announced agreement to purchase Knight Ridder,
United States' second largest chain of daily newspapers for $4.5
billion in cash and stock; gave McClatchy 32 daily newspapers in
29 markets, total circulation of 3.3 million.
Northwestern Mutual -
150th
Anniversary: March 2,
1857 - Wisconsin Legislature
passed bill incorporating the Mutual Life Insurance Company of
Wisconsin, headquartered in Janesville, WI; founded by John C.
Johnston (75), former successful insurance agency operator for
Mutual Life Insurance Company of New York; November 25, 1858
- company named John C. Johnston first general agent, issued him
its first policy, paid in full, for $5,000 coverage.; March
7, 1859 - company moved to Milwaukee; March 11, 1859
- Johnston terminated association with company as an agent;
1860 - company insurance in-force 25th in nation
(among 40 competitors); 1865 - name changed to The
Northwestern Mutual Life Insurance Company to reflect expansion
beyond Wisconsin; 1866 - assets $1 million;
1868 - formally adopted emblem (seal surrounds Banyan
tree, an Indonesian fig with an unusual growth habit); 1870
- eighth in company insurance in-force (among 100-plus);
1907 - established Examining Committee of Policyholders
to make unrestricted report on company’s operations; 1920
- $2.2 billion in insurance in-force; 1933 -
introduced Single Premium Annuities, first product line other than
life insurance; 1934 - started advertising in
national magazines; 1941 - assets of $1.4 billion;
1970 - $19 billion insurance in-force, assets top $6
billion; paid in benefits or held in reserve $1.30 for every
dollar received in premiums; 1972 - launched "The
Quiet Company" television advertising campaign during Munich
Olympic Games; 1984 - life insurance in-force passed
$100 billion mark; 1989 - life insurance in-force
passed $200 billion mark; 1995 - sixth largest U.S.
life insurer, assets of $54.9 billion; 1996 - new
premium sales exceeded $1 billion (No. 1 provider of ordinary life
insurance in the U.S.); 2000 - changed name to
Northwestern Mutual; 2005 - 22nd time as "America's
Most Admired Company" in Fortune's life/health insurance company
field; named to Fortune's Hall of Fame.
Chubb Corporation -
125th
Anniversary:
Spring 1882 -
Thomas Caldecot Chubb and his son, Percy, collected $1,000 from each of
100 prominent merchants, opened marine underwriting business in seaport
district of New York City; focused on insuring ships and cargoes;
1967 - Chubb Corporation formed; 1984 - listed on
the New York Stock Exchange; ranks among the top 10 publicly
traded insurance organizations based on revenues in the United
States; 2006 - approximately 11,800 employees
throughout North America, Europe, South America, Pacific Rim;
serves property and casualty customers from some 120 offices in 29
countries around the globe; works with 8,000 independent agents
and brokers worldwide.
Dow Jones -
125th
Anniversary:
November, 1882 -
Former Providence Journal reporter Charles H. Dow (31), Edward
Davis Jones (26) and former Drexel, Morgan employee, Charles
Milford Bergstresser founded
Dow, Jones & Company (as it was called in the beginning) in a
small basement office at 15 Wall Street in New York; produced daily
hand-written news bulletins called "flimsies" delivered by messenger to
subscribers in the Wall Street area; 1884 - Dow Jones
Averages the creation of Charles Dow, appeared for the first time in the
"Customers' Afternoon Letter"; contained 11 stocks: nine railroads and
two industrials; 1896 - Dow Jones Industrial Average
launched.
Jergens -
125th
Anniversary:
1882
- Andrew Jergens Sr. and Charles H. Geilfus founded The Jergens
Soap Company in Cincinnati, OH; original product coconut oil soap;
1894 - renamed Andrew Jergens & Co.; 1901
- incorporated as the Andrew Jergens Co.; acquired John H.
Woodbury Company ("Woodbury Facial Soap"); acquired Robert Eastman
Company, maker of creams and lotions; most superior formula
eventually became original Jergens Lotion, soon to become the
number one selling hand lotion in America; 1970 -
acquired by American Brands for $100 million; 1988 -
acquired by Kao Corporation (Japan); September 2002
- Jergens Company expanded into hair care, acquired John Frieda
Professional Hair Care businesses.
Matson Navigation Company -
125th
Anniversary:
1882
- Captain William Matson borrowed from California sugar magnate,
Claus Spreckels, bought shares in three-masted schooner, named it
Emma Claudine (Spreckels's sister); sailed it from San Francisco
to Hilo, HI; carried 300 tons of food, plantation supplies,
general merchandise; launched company primarily involved in
carrying freight between the Pacific Coast and Hawaii; built
near-monopoly as trade in Hawaiian sugar boomed; first Matson
steamship, Enterprise, first offshore ship in Pacific to burn oil
instead of coal; 1901 - Matson Navigation Company
incorporated in Hawaii; 1908 -Alexander & Baldwin,
Inc. invested $200,000, acquired minority interest in company;
1917 - fleet comprised 14 of largest, fastest, most
modern ships in Pacific passenger-freight service; 1941
- passenger liners completed wartime total of 119 voyages, covered
1 1/2 million miles, carried total of 736,000 troops; 1959
-Waikiki hotels sold to Sheraton Corporation; April 1960
- first all-container carrier in Pacific service (capacity for 436
24-foot containers); 1969 - became wholly owned
subsidiary of Alexander & Baldwin, Inc.
Milwaukee Journal -
125th
Anniversary:
November 16, 1882
- Daily Journal of Milwaukee began publishing; December 12,
1882 - Lucius W. Nieman (24) acquired 22-day old paper;
1891 - became first newspaper to use "run-of-paper"
color when it printed red and blue stripes across Page One for
governor's inauguration; 1937: created
employee-ownership plan; employees bought 30,000 shares (25%
interest in company); Agnes Wahl Nieman bequeathed small block of
stock ($1 million) to Harvard University in memory of her husband
with mandate: earnings from gift were to be used for a single
purpose: "To promote and elevate the standards of journalism in
the United States and educate persons deemed specially qualified
for journalism" (1938 - Nieman Fellowship Program
created, oldest and best-known mid-career program for journalists
in the world); 1962 - acquired Milwaukee Sentinel
from Hearst; 1995 - Milwaukee Journal and Sentinel
merged; April 2, 1995 - Journal Sentinel first
published.
Standard Oil -
125th
Anniversary: January 2,
1882 - John D. Rockefeller
officially united Standard Oil Company with its various producing,
refining, marketing affiliates; formed Standard Oil Trust,
nation's first sanctioned monopoly;
$70 million trust controled 14,000 miles of underground pipeline,
all oil cars of Pennsylvania Railroad;
(eventually
acquired 90 percent of the world's oil refining capacity.
Under the terms of the Standard Oil Trust Agreement, brokered by
Rockefeller and eight other trustees, the oil giant could be
acquired, sold, combined, divided as necessary; August 1,
1882 - Standard Oil of New
York incorporated;
August 5, 1882 - Standard Oil Company of New Jersey
established; 1892 -
Ohio Supreme Court ruled in favor of splitting Standard Oil's
monopoly (Rockefeller maintained company's choke-hold on industry;
shifted its holdings to companies located in other states;
1899 - Rockefeller formally reunited these companies under
New Jersey-based Standard Oil Company; 1890 -
Sherman Antitrust Act passed; 1911 - U.S. Supreme
Court ruled that Standard Oil was illegal under terms of the
Sherman Act; forced company to shed primary holdings.
George Weston -
125th
Anniversary:
1882 - George Weston
(18), Toronto baker's apprentice, acquired bread route from his
employer for $200; 1896 - established "Weston's
Model Bakery"; eventually expanded to Montreal. Winnipeg;
1910 - merged with other major Toronto bakers, formed
Canada Bread Company for $1 million Canadian; signed 10-year
non-compete agreement; 1921 - reentered bread
business with purchase of H.C. Tomlin bread bakery; 1928
- Garfield Weston (son) incorporated company as George Weston
Limited, took it public; 1938 - facilities,
resources to produce 370 varieties of candy, 100 types of
biscuits; 1930s - established operations in United
Kingdom; 1943 - acquired papermaker E.B. Eddy;
1944 - entered food distribution with purchase of
Western Grocers; 1953 - gained majority control of
Loblaw, food retailer, distributor; 1978 - Loblaw
launched No Name private label (low prices, clean and simple
packaging, high quality); 1984 - Loblaws introduced
premium private label called President's Choice; 1986
- food processing operations consolidated within umbrella
subsidiary called Weston Foods Ltd. (baking and milling, biscuits,
chocolate, dairy, specialty products, providing food and
ingredients both to intermediate processors and directly to
consumers); 1990s - divestment, return to core
competencies, reduced company to majority ownership of Loblaw and
food processing businesses, focused on bakery products, cookies,
milk, fish; December 1998 - Loblaws acquired Provigo
for $890 million Canadian, gained number one supermarket chain in
Quebec, Canada-wide retail network, dominating 40 percent
nationwide market share; 1999 - sales rose 41% to
$20.85 billion Canadian; 2003 sales - $29.2 billion
Canadian.
Bullock's -
100th
Anniversary:
March 4, 1907 - John Gillespie Bullock (36) and Percy
Glen Winnett opened Bullock's in Los Angeles; backed by former
employer, Arthur Letts, English-born merchant whose dry goods
store at Broadway and 4th Street became The Broadway Store;
1912 - erected 10-story building on Broadway; 1944
- merged with I. Magnin (twelve stores blanketing the West Coast,
1943 combined sales of $63,000,000 [three-quarters of whic is
Bullock's], profits of $2,600,000); 1964 - acquired
by Federated Department Stores.
Fairmont Hotel (San Francisco)
-
100th
Anniversary: April 18,
1907 - Grand banquet celebrated opening of The Fairmont - 600 pounds of turtle, 13,000 oysters,
$5,000 worth of California and French wines.
Tessie and Virginia Fair,
daughters of James Graham Fair ('Bonanza Jim'), one of San
Francisco's wealthiest citizens (struck it rich in Nevada Silver
mining), were determined to construct grand monument to their
father (passed away in 1894); 1902 - construction
began on The Fairmont Hotel; 1906 - Fair sisters
sold hotel to Herbert and Hartland Law;
chose Julia Morgan as architect, first woman graduate of prestigious Ecole des Beaux Arts in Paris who was just starting
out, and would later rise to be known as the nation's preeminent
female architects.
Gulf Oil -
100th
Anniversary: 1907
- Andrew Mellon bought out J. M. Guffey, reorganized it as Gulf
Oil Company;
1901 - J. M. Guffey organized J. M.
Guffey Petroleum Company to buy out developers of first
high-volume oil well in Texas, Lucas Gusher,
100-foot drilling derrick named Spindletop; first major oil
discovery in the United States, marked the beginning of the
American oil industry; owned 7/15 of company, William
Larimer Mellon, members of Mellon family and their associates
owned remainder; Gulf Refining Company organized to refine and
market the crude oil produced by Guffey Petroleum.
Hershey's "Kisses" -
100th
Anniversary:
1907 - Hershey Company introduced "Kisses" milk
chocolate candy; popular theory - candy named for sound or motion
of chocolate being deposited during manufacturing process;
August 1921 - single channel wrapper developed, flag added
to product (2006 - wrapping machines wrap up to 1,300 KISSES a
minute); March 6, 1923 - Hershey Foods Corporation
registered "Hershey's Kisses" (solid chocolates) trademark;
1942 to 1949 - not produced due to rationing of silver
foil during and after World War II; 1990 - KISSES
Brand Chocolates with Almonds introduced; 2006 - 80
million KISSES Brand Chocolates made every day; 99 HERSHEY'S
KISSES Brand Chocolates equals one pound of chocolate.
Neiman-Marcus -
100th
Anniversary:
September 10, 1907 - A. L. Neiman,, advertising agency
president, Carrie Marcus Neiman (his wife) and Herbert Marcus, Sr.
(her brother) founded Neiman-Marcus retail establishment in
Dallas, TX; store offered women's clothing, "presenting wider
varieties and more exclusive lines than any other store in the
South...Only the finest productions of the best garment makers are
good enough for us"; 1926 - Stanley Marcus (son)
left Harvard Graduate School of Business, began long and legendary
career at the store; 1928 - Marcus family acquired
A.L. Neiman's interest in company; 1929 - began
offering menswear (fine French ties, European shirts, other
furnishings) previously available only in New York; 1934
- first retail establishment outside New York City to run national
advertisements in Vogue, Harper's Bazaar magazines; 1950
- Stanley Marcus elected president and chief executive officer;
1971 - opened first store outside Texas, Bal Harbour,
FL; 1988 - acquired Horchow Collection of fine
furniture, linens, and decorative objects for the home.
Northwestern Pacific Railroad
-
100th
Anniversary: 1907
- Northwestern Pacific Railroad, the 'Redwood Empire Route',
created through consolidation of six separate railroad companies
held by the Atchison, Topeka and Santa Fe and Southern Pacific
railroads; 1914 - merged with Eureka & Klamath
Railroad; at its zenith route extended along Pacific coast from
San Francisco to California's Humboldt County, 100 miles south of
the Oregon State line; 1929 - Southern Pacific
bought Santa Fe's equal interest in the line, NWP became
wholly-owned subsidiary; 1984 - northern half of
trackage sold to Eureka Southern RR, later named North Coast RR;
1989 - California Legislature formed North Coast
Rail Authority (designated North Coast Railroad) under the North
Coast Railroad Authority Act to ensure continuation of railroad
service in Northwestern California; 1992 - Eureka
Southern went bankrupt, sold assets to NCRA; 1996 -
North Coast RR and former "south end" of Southern Pacific RR
became the "new" Northwestern Pacific Railroad under public
ownership; 2006 - NCRA selected NWP, Inc. (led by
CEO John H. Williams who had been instrumental in setting up
Caltrain service on the San Francisco peninsula.) as new operator
for the line.
L'Oreal -
100th
Anniversary: 1907
- Eugène Schueller, French
chemist, developed innovative hair-color formula; called it
Auréole; formulated, manufactured his own products, sold to
Parisian hairdressers; 1909 - registered company as
L'Oreal (liked sound of name), "Société Française de Teintures
Inoffensives pour Cheveux" ("Safe Hair Dye Company of France");
1936 - invented the first sunscreen; March 17,
2006 - agreed to pay £652 million to acquire ethical
cosmetics company, The Body Shop.
Pike Place Market -
100th
Anniversary:
August 17, 1907 -
Seattle established Pike Place market on nine acres; eight farmers
brought their wagons to corner of First Avenue and Pike Street;
quickly overwhelmed by estimated 10,000 shoppers; sold out by
11:00 am; proposed by Seattle City Councilman Thomas Revelle
as public street market that would connect farmers directly with
consumers who could "Meet the Producer" directly;
December 1907 -first Market building opened, every space
filled; 2007 - home to nearly 200 year-round
commercial businesses; 190 craftspeople, 120 farmers (rent table
space by the day); 240 street performers, musicians; 300 apartment
units (low-income elderly people); 10 million visitors a year.
Plaza Hotel -
100th
Anniversary:
October 1, 1907 - Plaza
Hotel (New York) opened on a site formerly occupied by the Alfred
Gwynne Vanderbilt mansion; 18-story, $12 million, 750-room hotel
in the French Renaissance Beaux-Arts style was project of Bernhard
Beinecke, hotelier Fred Sterry and Harry S. Black, President of
the Fuller Construction Company; Mr. and Mrs. Alfred Gwynne
Vanderbilt were first guests to sign register.
SKF Group -
100th
Anniversary:
1907
- Sven Wingquist, bright young Swedish
engineer, founded of Svenska Kullagerfabriken (SKF); produced
world's first self-aligning ball bearing; first year - 15
employees, loss of 5 371 SEK, only 2 200 bearings produced;
1910 - one factory, 325 employees (15% worked outside
Sweden); 1926 - AB Volvo, a subsidiary of SKF,
started production of experimental cars; 1930 - 12
factories, 21,000 employees (66% worked outside Sweden);
1935 - AB Volvo became independent of SKF; 1950
- 18 factories, 31,000 employees (66% worked outside Sweden);
1970 - 68 factories, 67 000 employees (78% worked
outside Sweden). One of the world's leading ball and roller
bearing makers.
UPI -
100th
Anniversary:
July 15, 1907
- United Press Associations, three regional news services
combined by newspaper publisher E.W. Scripps, began service;
founded on principle that there should be no restrictions on who
could buy news from a news service; formula made UP a direct
threat to the monopolistic and exclusionary alliances of the major
U.S. and European wire services at the time; 1958 -
UP merged with the International News Service (founded in 1909 by
William Randolph Hearst), became known as UPI.
UPS -
100th
Anniversary:
August 28, 1907 -
James E. ("Jim") Casey
(19-year-old) borrowed $100 from a friend to start the American
Messenger Company in Seattle, Washington; 1919 -
expands to Oakland, CA, changes name to United Parcel Service:
"United" served as a reminder that the company's operations in
each city were part of the same organization, "Parcel" identified
the nature of the business, and "Service" indicated what was
offered.
Yachting
-
100th
Anniversary:
January 1907 - Yachting
magazine founded; Lawrence Perry, first editor; covered
waterfront; inaugural issue of 62 pages.
3 Musketeers -
75th
Anniversary:
1932 - M&M/MARS
introduced 3 MUSKETEERS® Bar; third brand produced and
manufactured by company; named for original design of product
(three pieces and three flavors: vanilla, chocolate, and
strawberry).
Aeroflot -
75th
Anniversary:
1932 -
Name
"Aeroflot" officially adopted,
represented consolidation of
all Russian civil aviation activities
under name of Grazhdanskiy Wozdushnyy Flot (Civil Air Fleet);
1922 -
first international airline service, a
German-Soviet venture DeRuLuft ("Deutsche-Russische
Luftverkehrgesellschaft"), connected Moscow to Koenigsberg (Russia
to the west);
February 9, 1923 - Dobrolet airlines established;
July 15, 1923 - started operations between Moscow and
Nizhni Novgorod; 1937 - International flights start
as Aeroflot.
Air India -
75th
Anniversary:
October 15, 1932
- Tata Aviation Service, forerunner to Tata
Airlines and Air India, began service (1953 -
government of Jawaharlal Nehru nationalized Air India).
Alaska Air -
75th
Anniversary:
January 1932
- Linious "Mac" McGee and Harvey Barnhill (had acquired three-seat
Stinson airplane in 1931 for $5,000 from San Francisco company,
parent company of United Airlines, to support McGee's
fur-buying business); started advertising their company in
Anchorage Daily Times a furrier, but also as airline offering
service between Anchorage and Bristol Bay; Barnhill and McGee
dissolved partnership; April 1932 - Charlie Ruttan,
Steve Mills, Jack Waterworth founded Star Air Service to offer
flight instruction, charter service from Anchorage; acquired McGee
Airways (seven silver-and-black Stinsons) for $50,000 with caveat
(if Mcgee didn't get paid on time, he would return to manage
airline until he got all of his money); created largest airline in
Alaska (22 aircraft); 1936 - Star's gross income
$190,000 a year; passengers paid 20 cents a mile, 35 percent of
all freight moved in territory by plane; acquired struggling
Alaska Interior Airlines (founded by McGee Airways' first pilot,
Oscar Winchell); late 1937 - sold airline to
investors led by Don Goodman (one of his former pilots) and the
Strandbergs (successful Kuskokwim mining family); name changed to
Star Air Lines; 1942 - airline sold, name changed to
Alaska Star Airlines; 1944 - name changed to Alaska
Airlines.
Beech Aircraft -
75th
Anniversary:
1932
- Walter and Olive Ann Beech, and engineer Ted Wells, founded the
Beech Aircraft Company in Wichita. KS; November 1932 - first product,
negative-stagger biplane (designated Model 17R Stagger Wing Biplane),
made test flight;
sleek, comfortable, fast (capable of more than 200 mph); paragon of
business airplanes in early 1930s; 1945 -produced more
than 7,000 airplanes for Allied war effort; twin Beech AT-71C-45 trained
more than 90 percent of U.S. Army Air Forces navigator/bombardier's, 50
percent of multi-engine pilots; 1947 - introduced new line
of light aircraft (modern, all-metal Model 35 "V" Tailed Bonanza);
February 1980 - merged with Raytheon company, Olive Ann
elected to Board of Directors of Raytheon.
Family Circle Magazine -
75th
Anniversary:
September 9, 1932 - Harry Evans, founder and first
editor, published first issue of Family Circle magazine; backed by
Charles E. Merrill, founder Merrill Lynch, Pierce, Fenner & Smith
and founder of the grocery chain that became Safeway Stores; first
issue distributed free in three chain stores;
first magazine to be distributed exclusively
through grocery stores;
December 1933 - given away in stores in 31 states
and Hawaii (circulation of 80,000);
1939
- circulation close to 1.5 million;
1946 - ceased to be free; April 30, 1971
- acquired by New York Times Company; 2006 - circulation of
5,770,000.
Frito Corn Chips -
75th
Anniversary:
1932
- Elmer Doolin of San Antonio, TX, operator of the Highland
Park Confectioner, purchased rights to unknown corn chip product
to diversify his ice cream business; spent $100 for corn chip
recipe, 19 retail accounts, manufacturing equipment (converted
hand-operated potato ricer); established new business venture in
his mother's kitchen.
Hartz Mountain -
75th
Anniversary:
1932 - Max Stern founded Hartz
Mountain line of pet products (already largest livestock importer
in America); 1959 - Leonard (son) joined company,
expanded product lines into goldfish, tropical fish, full line of
aquatic supplies; 1960s - expanded with dog and cat
products; research, manufacturing facilities built, large sales
force formed, strategically located regional distribution centers
established; early 1980s - Hartz products sold in
more than 40,000 U.S. and Canadian retail outlets; 2000
- acquired by fund managed by J.W. Childs Associates, LP, private
equity investment firm; June 2004 - acquired by
Sumitomo Corporation of America (SCOA).
Jerusalem Post -
75th
Anniversary:
December 1, 1932 - Ukrainian-born U.S. journalist
Gershon Agron (originally Agronsky) begins daily publication of
English-language Palestine Post; represented Yishuv's cause, both
to British authorities and English-speaking world, offered news
from abroad to population of the Yishuv; 1950 - name
changed to Jerusalem Post; 1949 to 1951 - Agron
presided over Israel's official (government) Information Service;
1955 - Agron elected mayor of Jerusalem (in office
until 1959).
LEGO -
75th
Anniversary:
1932 - Ole
Kirk Christiansen founded small carpenter’s workshop in Billund,
Denmark to make stepladders, ironing boards and wooden toys;
1934 - adopted name LEGO (abbreviation of two Danish
words "leg godt", meaning "play well"); now owned by Kjeld Kirk
Kristiansen, a grandchild of the founder; now owned by Kjeld Kirk
Kristiansen, a grandchild of the founder; 1949 -
created set of interlocking red-and-white Automatic Building
Blocks; May 1, 1954 - LEGO officially
registered as trademark in Denmark; 1958 - LEGO
brick (in present form) launched (interlocking principle with
tubes); 2006 - world’s sixth-largest manufacturer of
toys (in terms of sales).
Radio City -
75th
Anniversary:
December 27, 1932
- Radio City Music Hall opened in New York City; brainchild of the
billionaire John D. Rockefeller, Jr., who decided to make the
theater the cornerstone of the Rockefeller Complex he was building
in a formerly derelict neighborhood in midtown Manhattan (built in
partnership with the (RCA) Radio Corporation of America);
1933 - Radio City Music Hall Christmas Spectacular
debuted; remains largest indoor theater in the world (seats 6,200
people).
Revlon -
75th
Anniversary:
March 1, 1932
- Charles and Joseph Revson, along with chemist, Charles Lachman
(contributed the "L" in the REVLON name), founded Revlon; pooled
their resources, developed unique manufacturing process (used
pigments instead of dyes) for single product - nail enamel;
offered to women a rich-looking, opaque nail enamel in wide
variety of shades never before available; sold to beauty salons;
1937 - sold through department stores, selected
drugstores; 1938 - company became multimillion
dollar organization; 1941 - virtual monopoly
on beauty salon sales; 1973 - Charlie®
fragrance introduced; designed for a young, working woman market (1977
- sales passed $1 billion mark); 1985 - acquired by
subsidiary of MacAndrews & Forbes Holdings.
Save the Children Fund (U. S.)
-
75th
Anniversary:
1932 - John Voris founded Save
the Children (U.S.) in New York to help needy Appalachian children
through programs that help families better provide for their
children; 1933 - working with families and
communities in five state; 1989 - UN General
Assembly unanimously adopted Convention on the Rights of the
Child, comprehensive treaty, based on Eglantyne Jebb’s 1923
declaration of rights and protections for children; 1998
- ratified by all but three countries. 1919 - Eglantyne Jebb
established Save the Children Fund in England to provide aid to
young survivors in war-ravaged Vienna; 1923 - wrote
Children's Charter.
Skippy Peanut Butter -
75th
Anniversary:
1932
- Rosefield Packing Co. (Alameda, CA) introduced Skippy Peanut
Butter; first use of "Skippy" as trademark for peanut butter
(apparently taken from Percy Crosby
cartoon character of same name, invalidated in 1934); canceled exclusive licensing agreement with Swift & Co.,
makers of Peter Pan Peanut Butter, following a dispute;
February 1, 1933 - began selling Skippy; introduced
chunk-style peanut butter; December 21, 1948 -
registered "Skippy" trademark; April 18, 1950 - Fitzhugh L.
Avera, of Alameda, CA, received patent for a "Process of Manufacturing
Stabilized Nut Butters" ("improved process of with hydrogenated
stabilizers to afford end products substantially devoid of taste
sensations of waxiness or unctuosity"); new type of cold-processed
hydrogenated peanut oil; assigned to Rosefield Packing Co.; 1954
- company had nearly 25 percent of U.S. peanut butter market; 1955
- company acquired by Best Foods; April 5, 2004 - U.S.
Supreme Court refused to hear trademark infringement suit by Joan
Crosby Tibbetts, daughter of Percy Crosby, against Skippy's
manufacturer, BestFoods division of multinational
conglomerate Unilever; [may have] ended 39-year quest to
invalidate Skippy trademark registered by CPC International.
Sliced Bread -
75th
Anniversary:
July 12, 1932
- Otto Frederick Rohwedder, of Davenport, IA, received a
patent for a "Machine for Slicing an Entire Loaf of Bread at a
Single Operation"; first loaf-at-a-time bread-slicing machine with
multiple cutting bands; 1928 - Chillicothe
Baking Company (Chillicothe, MO) installed first machine;
July 7, 1928 - first sliced bread produced ("Kleen Maid
Sliced Bread"); 1929 - Rohwedder sold invention to
Bettendorf (Iowa) Company (acquired by Micro-Westco., Inc. of
Davenport); served as vice-president, sales manager of company for
many years.
Tiger Beer -
75th
Anniversary:
1932 -
John Fraser and David Chalmers Neave,
founders of Fraser and Neave (F&N), Ltd. (incorporated in 1898),
launched Tiger Beer in Singapore; 1931 - formed
Malayan Breweries Limited in joint venture with Heineken.
Harry Winston, Inc. -
75th
Anniversary:
1932
- Harry Winston (36), son of a jeweler, founded Harry Winston,
Inc. in New York; name synonymous with most famous gemstones and
jewelry designs in the world (Hope Diamond, Jonker Diamond,
Taylor-Burton Diamond); 1958 - presented the Hope
Diamond to the Smithsonian Institution; April 2004 -
Aber Diamond Corporation (Toronto, ON), diamond company focusing
on mining and retail segments of diamond industry, acquired 51%
interest in Harry Winston Inc. for $85 million, raised ownership
to 53%; September 2006 - completed acquisition of
minority shareholders' interests for $157 million, company valued
at about $330 million.
Zippo Lighters -
75th
Anniversary:
1932 - George G. Blaisdell, owner of Blaisdell Oil
Co., developed the Zippo lighter in a garage in Bradford, PA; had
watched use of cumbersome Austrian-made lighter (worked well but
looked ugly, required two hands, thin metal surface dented
easily); liked the sound of the word "zipper" so he formed
different variations on the word and settled on "Zippo," deciding
that it had a "modern" sound; lighters sold for $ 1.95 each with
money back guarantee. March 3, 1936 - received a
patent for a "Pocket Lighter" ("having a minimum of projections
from its closed case, and in which movement of the cover from
either its fully open or its fully closed position is restrained
by simple means concealed when the lighter is closed"); assigned
to Zippo Manufacturing Company; August 1, 1950 -
Lester Flickinger and George G. Blaisdell, of Bradford, PA,
received a patent for a "Pyrophoric Lighter" ("object of this
invention is to provide a simple, inexpensive and effective manner
of preventing [such] flint-induced, wheel-binding distortions of a
corrosion-resisting flint holding tube"); assigned to Zippo
Manufacturing Company.
Control Data
-
50th
Anniversary:
1957 - William
Norris, Seymore Cray, six other computer engineers quit UNIVAC
division of Sperry Rand Corp. (had sold ERA, pioneering St. Paul
computer company founded in 1946, to UNIVAC) , founded Control
Data Corp., in Minneapolis, MN, to concentrate on part of market
that IBM did not dominate: large computers used mainly in
scientific research; 1960 - building most powerful
computer in world, the 1604; 1964 - introduced CDC
6600, first commercial supercomputer, 10 times faster than
anything on market; 1969 - 45,000 employees, $1
billion in annual revenue; 1976 to 1980 - revenue
grew from $2.1 billion to $3.8 billion; 1984 -
revenue peaked at $5 billion; 1985 - losses reached
more than $400 million, 18,000 workers down from 60,000, plants
closed, assets sold; company eventually split into two businesses.
Digital Equipment
-
50th
Anniversary:
August
1957 - Ken Olsen, Stan Olsen, Harlan Anderson left
MIT's Lincoln Laboratory, established Digital Equipment
Corporation to sell minicomputers to scientific, process control,
academic communities; Georges Doriot, founder of American Research
and Development Corporation, supplied $70,000 in venture capital
(later sold equity stake for about $450 million); pioneered
minicomputer industry with PDP series; 1977 - VAX
introduced, gained strong foothold in commercial data processing;
evolved into complete line from desktop to mainframe, used same
VMS operating system in all models; 1992 -
introduced RISC-based Alpha architecture open system; 1997
- sold semiconductor manufacturing facilities to Intel; 1998
- acquired by Compaq; 2002 - acquired by Hewlett
Packard.
Edsel
-
50th
Anniversary:
August 26, 1957 - Ford Motor Company
rolled out the first Edsel automobile five years after its
conception (named after Henry Ford's son, Edsel Bryant Ford);
based on
careful market research that indicated consumers wanted more
horsepower, tailfins, three-tone paint jobs, wrap-around
windshields; September 4, 1957
- Ford Motor Co. began selling Edsels; proclaimed this day "E-day"
in celebration of the Edsel's introduction (five years after
conception, in response to careful market research that indicated
consumers wanted more horsepower, tailfins, three-tone paint jobs,
wrap-around windshields).; low price, V-8 engine failed to
overcome "ugly horse-collar grille" = negative press, lack of
sales; 1958 -
earned just 1.5
percent share of auto market; 1960
- line discontinued, 110,847 manufactured.
Enterprise Rent-A-Car -
50th
Anniversary:
1957 -
Jack Taylor founded Executive Leasing Company in St. Louis, MO
with seven cars and hunch that customers would lease automobiles,
1962 - added rental car business division with fleet
of 17 vehicles; started Car Sales division; 1969 -
company renamed Enterprise (in honor of aircraft carrier aboard
which Taylor served as decorated fighter pilot in World War II);
1970 - perceived best growth opportunities were with
hometown renters, not airport travelers; 1974 -
established "We'll Pick You Up" tradition; 1980 -
company's fleet reached 6,000 rental vehicles; 1989
- name changed to Enterprise Rent-A-Car; more than 500 locations,
more than 50,000 rental vehicles; 1992 - surpassed
$1 billion in annual revenues, nearly 10,000 employees; 1994
- more than $2 billion in annual revenue, more than 250,000 rental
vehicles; 2004 - more than 6,000 offices in U.S.
(locations within 15 miles of 90 percent of the entire
population), Canada, U.K., Ireland, Germany; 600,000 rental car,
135,000 Fleet Services vehicles in service; surpassed $7 billion
in annual revenue. Fairchild
Semiconductor -
50th
Anniversary:
October 1, 1957
- Fairchild Semiconductor formed to develop, produce silicon
diffused transistors, other semiconductor devices; based on work
done by Gordon E. Moore, C. Sheldon Roberts, Eugene Kleiner,
Robert N. Noyce, Victor H. Grinich, Julius Blank, Jean A. Hoerni,
Jay T. Last, eight scientists who left Shockley Semiconductor
Laboratories in Santa Clara Valley (founded 1955) due to
management style and disenchantment with pure research of founder
William Shockley, co-inventor of transistor (1948); used $3500 of
their own money to develop method of mass-producing silicon
transistors using a double diffusion technique and a
chemical-etching system; Fairchild Camera and Instrument
Corporation invested $1.5 million in return for option to buy
company within eight years; profitable in six months;
April 25,1961
- Robert Noyce, of Los Altos, CA, received a patent for a
"Semiconductor Device-and-Lead Structure" ("electrical circuit
structures incorporating semiconductor devices"); integrated
circuit, complete electronic circuit inside small silicon chip;
assigned to Fairchild Semiconductor Corp.
Frisbee -
50th
Anniversary:
January 13, 1957 -
Wham-O Manufacturing Co.,
Emeryville, CA,
began production of "Pluto
Platter" (1955
- bought design rights to plastic flying disc created in 1948 by
building inspector Fred Morrison; origins are either Frisbie Pie
Co. pie plates on Yale University's campus or
popcorn can lids);
1958 - modified saucer, renamed
Frisbee;
September 30, 1958 - Walter Frederick Morrison, of
La Puente, CA, received a design patent for a "Flying Toy",
frisbee;
December 26, 1967 - Edward E.
Headrick, of La Canada, CA, received a patent for a "Flying
Saucer" ("related to aerodynamic toys to be thrown through the air
and in particular to flying saucers for use in throwing games");
assigned to Wham-O Manufacturing Company;
May 26, 1969 - Wham-O
Mfg. Co. registered "Frisbee" trademark ("toy flying saucers for
toss games");
1982 - Kransco
Group Companies bought Wham-O for $12 million; 1994
- Mattel bought WHAM-O from Kransco; 1997 - Mattel
sold assets of Wham-O (sales of $18 million) at auction to group
including Charterhouse Group and Seven Hills Partners; 2006
- Charterhouse Group sold Wham-O (sales of $80 million) to an
affiliate of Cornerstone Overseas Investments Ltd. (Hong Kong).
Hanna-Barbera Productions
-
50th
Anniversary:
1957 - MGM shut down
its animation studio; Metro-Goldwyn-Mayer animation directors
William Hanna and Joseph Barbera changed name of H-B Enterprises
to Hanna-Barbera Productions (1944 - H-B Enterprises founded as
freelance television commercial production company); made cartoons
directly for small screen, launched first production, Ruff and
Reddy; 1960 - produced first-ever animated
prime-time family sitcom show, with half-hour storyline, The
Flintstones; also produced The Jetsons, The Huckleberry Hound
Show, The Yogi Bear Show, Jonny Quest, Wacky Races, Scooby-Doo,
Smurfs; 1991 - acquired by Turner Broadcasting;
1992 - renamed H-B Production Company; 1993
- renamed Hanna-Barbera Cartoons; 1996 - Turner
acquired by Time Warner; Hanna-Barbera absorbed into Warner Bros.
Animation. Hush Puppies
-
50th
Anniversary:
1957 - Victor Krause, Chairman
of
Wolverine Shoe and Tanning
Corporation (founded 1893), developed
oxford shoe that utilized new technology in tanning process of
suede; first truly casual shoe; July 1, 1958 -
registered "Hush Puppies" trademark; name suggested by Jim Muir,
company salesman; had dined at friend’s home in Tennessee; enjoyed
Southern dish of fried corn dough called "Hush Puppies"; told that
any remaining corn dough was fed to dogs to keep them from barking
(common to refer to aching feet as "barking dogs"). Hyatt -
50th
Anniversary:
September 27, 1957
- Jay A. Pritzker opened Hyatt Corporation's first hotel at Los
Angeles International Airport (acquired Hyatt House, owned by
local entrepreneur, Hyatt R. von Dehn. for $2.2 milion);
1967 - opened world's first atrium hotel, Hyatt Regency
Atlanta; became known worldwide; 1969 - 13 Hyatt®
hotels in United States, opened first international hotel, Hyatt
Regency Hong Kong; 1980 - Grand Hyatt® and Park
Hyatt® brands introduced; 1998 - 182 hotels, 34 more
under construction ; 2006 - 215 Hyatt branded hotels
and resorts (over 90,000 rooms) in 43 countries around the world;
49 Hyatt hotels and resorts under development, including 15 new
hotels in China. Marriott
-
50th
Anniversary:
J. Willard Marriott's Hot Shoppes, Inc.
(founded 1927) opened first hotel, 365-room Twin Bridges Motor
Hotel in Arlington, VA; 1967 - name changed to
Marriott Corporation; 2004 - revenues totaled $10
billion, $594 million in net income; global system had 2,632
hotels and timeshare units (484,690 rooms).
S& P 500 -
50th
Anniversary:
March 1, 1957 -
Standard & Poor's Corporation introduced the S & P 500 index,
representative sample of 500 leading companies in leading
industries of U.S. economy; characterized by - 1) approximately
75% of U.S. equities market covered; 2) market capitalization
weighted, 3) minimum o $ 4 billion capitalization, 4) at least 50%
public float, 5) reconstituted as needed; 1957 - a)
'materials' (steel, aluminum, chemical, paper, mining) biggest
industrial sector represented, b) materials, energy = 50% of index
value (12% in 2006); c)
AT&T largest company - $11.2 billion market
capitalization;
1957-2006 - 1) average annual return of 10.83%
($1000 in S & P in 1957 = $168,000 in 2006); 2)
best performing company - Altria (old Philip Morris) with 19.88%
annual return ($1000 in 1957 = $8.4 million in 2006); 3)
111 companies survived intact (PepsiCola, Coca-Cola, Colgate
Palmolive, Heinz, Wrigley, Procter & Gamble, Hershey, Tootsie Roll
Industries); 4) almost 1,000 companies have been added to
index as others were dropped (bankruptcies, mergers, corporate
changes).
Toyota -
50th
Anniversary:
October 31, 1957 - Toyota Motor Sales, U.S.A., Inc. was
founded in California (Shotaro Kamiya as the first president); by the
end of 1958 - 287 Toyopet Crowns and one Land Cruiser had
been sold; 1997 - Toyota Camry became the best-selling car
in America, surpassed Honda's popular Accord model. Toys "R" Us -
50th
Anniversary:
1957 - Charles Lazarus opened first Toys "R" Us store in
Washington; adopted supermarket model for toy store, allowed
customers to examine and pick out products on their own, pay for
them at checkout stand; with the opening of second store, chose
name with backward "R" as attention-getter (1948
- started baby furniture store, Children's Bargain Town, in
Washington, DC to cater to post-war baby boom era); February 1960 -
Geoffrey the Giraffe introduced as mascot; 1983 - expanded
into children's clothing (freestanding locations closed in 2003);
1984 - opened first two international stores; 1996
- launched Babies "R" Us; July 2005 - acquired by Bain
Capital Partners LLC, Kohlberg Kravis Roberts & Co., Vornado Realty
Trust for $6.6 billion. Adobe
Systems -
25th
Anniversary:
December 1982
- John Warnock and Charles Geschke founded Adobe Systems (named
for Adobe Creek, ran behind house of one of founders); left Xerox
PARC in order to further develop, commercialize PostScript page
description language; 1985 - Apple Computer licensed
PostScript for use in LaserWriter printer product line; 1989
- introduced Adobe Photoshop for Macintosh; extremely stable,
well-featured, well marketed; soon dominated market; 1994
- acquired Aldus, PageMaker and TIFF file format; 1995
- acquired long-document DTP application FrameMaker from Frame
Technologies; December 3, 2005 - acquired
Macromedia, former competitor; for about $3.4 billion.
Diet Coke -
25th
Anniversary:
July 8, 1982 - Coca-Cola introduced Diet Coke
(Coca-Cola Light in non-English speaking countries) at gala
reception at Radio City Music Hall; first new brand since 1886 to
use the Coca-Cola trademark since 1886; contained around 1.3
Calories compared to 142 Calories for regular can of Coca-Cola;
1983 - largest selling low-calorie soft drink in U. S.;
caffeine-free Diet Coke introduced; 1986 - diet
Cheery Coke launched; 2001 - Diet Coke with lemon
introduced; Diet Vanilla Coke introduced; 2004 - #1
selling sugar-free soda in world; fourth most-popular carbonated
soft drink in world; third-largest brand at the company; sold in
149 countries; 9.8% market share in U. S.; 2005 -
sweetened with "Splenda" (sucralose replaced aspartame).
Kenneth Cole Productions -
September 1982
- Kenneth Cole incorporated Kenneth
Cole Productions, Inc.; debut collection of
ladies' footwear (followed in father's footsteps, former senior
executive of El Greco, Inc., shoe manufacturing, design company,
manufactured CANDIES women's shoes) from 40-foot trailer
truck parked on 6th Avenue, across from shoe industry trade show
HQ at New York Hilton; sold 40,000 pairs of shoes (entire stock)
in two and a half days; 1984 - first public service
campaign (AIDS Research); 1985,1994 - sales of $84.9
million; opened Bloomingdale's Manhattan flagship concept shop;
1996 - operated 17 retail stores in United States,
store in Amsterdam, Singapore; 2005 - sales at
record level of $518 million; products sold in more than 7,500
department, specialty stores, through Consumer Direct business
(more than 80 retail, outlet stores, consumer catalogs,
interactive websites).
Compact Discs (CDs) -
25th
Anniversary:
October 1, 1982
- CBS/Sony introduced compact discs (CD) optical disc media in
Japan with 112 different CD titles, CD player (Sony's CDP-101);
120-mm (4.7-in.) diameter plastic disk, used tiny pits read by
laser to reproduce sound or other information; two major CD
plants: PolyGram's Hanover, West Germany plant, Sony's plant in
Japan; advantages over phonograph record, recording tape: smaller
size, greater dynamic range, extremely low distortion; sold over
20,000 CD players; June 1983 - CBS shipped first CD
"prepacks; 1983 - sales totaled about 30,000
players, 800,000 discs; 1984 - first large US plant,
Sony subsidiary, Digital Audio Disc Corporation (DADC), opened in
Terre Haute, IN; 1985 - sales totals to 22 million
discs; 1987 - over 200 labels issued CDs, over 100
million discs for market of 9 million CD players; 1991
- music carrier of choice, sales exceeded those of audiocassettes.
Compaq Computer -
25th
Anniversary:
February 1982 - Rod Canion,
Jim Harris, Bill Murto, three senior managers from semiconductor
manufacturer Texas Instruments, founded Compaq Computer; each
invested $1,000; first venture funding fom Ben Rosen (Sevin-Rosen
partners); March 1983 - released first product,
Compaq Portable, portable IBM PC compatible personal computer,
priced at $2995; sold 53,000 units in first year; 1985
- released Compaq Deskpro 286, 16-bit desktop computer using an
Intel 80286 microprocessor running at 6 MHz, cpable of supporting
up to 7 MB of RAM; cost $2000 for 40-MB hard disk model;
1986 - introduced first PC based on Intel's new 80386
microprocessor, Compaq Deskpro 386[2]; icreased performance
leadership over IBM; 1997 - acquired Tandem
Computers, known for NonStop server line; instantly gave presence
in higher end business computing market; 1998 - acquired Digital
Equipment Corporation, leading company in previous generation of
computing during the 1970s and early 1980s; made Compaq world's
second largest computer maker in terms of revenue; May 3,
2002 - acquired by Hewlett-Packard in $19 billion deal.
PC Compatibles -
25th
Anniversary:
June 1982 - Columbia Data
Products (founded in 1976) introduced the MPC 1600 "Multi Personal
Computer", exact functional copy of the IBM PC model 5150 (except
for BIOS); first IBM PC clone; 1983 - revenue of $56
million (vs. $9.4 million in 1982); February 1984 -
IBM introduced its first portable PC; August 1984 -
CDP sales faltered; 1985 - stock dropped to $0.50
per share, delisted; 1986 - taken private;
1987 - shifted emphasis from hardware to software.
Silicon Graphics -
25th
Anniversary:
1982
- Jim Clark (38), electrical engineering associate
professor at Stanford University, and six students founded Silicon
Graphics to produce three-dimensional computer graphics programs
(high-performance visual computing systems); venture funding from
Mayfield Group; 1987 - sold workstations to US
military, NASA, British Aerospace, automobile manufacturers,
Hollywood film makers; February 28, 1994 - Clark
left company to sue applications software opportunities (founded
Netscape); 1999 - changed corporate identity to "SGI"
in attempt to clarify current market position as more than
graphics company; May 8, 2006 - filed for Chapter 11
bankruptcy protection for itself and U.S. subsidiaries as part of
plan to reduce debt by $250 million; October 17, 2006
- emerged from bankruptcy.
Spago -
25th
Anniversary:
February 1982 -
Austrian-born Wolfgang Puck opened Spago (Italian for string) on
Sunset Strip in West Hollywood to serve simple, fresh, innovative
food by skilled, friendly staff in casually sophisticated yet
comfortable environment (former part owner of Ma Maison, magnet
for Hollywood’s rich and famous); first signature dish, gourmet
pizza topped with smoked salmon and caviar, put restaurant Los
Angeles foodie map; 1986 - regularly featured guest
on ABC's "Good Morning America"; 1990 - Spgao
grossing $6 million per year ;1997 - Spago Beverly
Hills opened; 2000 - Emmy-winning television series,
"Wolfgang Puck," debuted on Food Network (aired for five seasons).
Sun Microsystems -
25th
Anniversary:
February 1982
- Former Stanford University students Scott McNealy, 27, Vinod
Khosla, Andy Bechtolsheim, Bill Joy founded Sun Microsystems in
Palo Alto, CA (Sun is acronym for Stanford University Network) to
make engineering computer workstations; 1983 -
signed $40 million OEM agreement with Computervision; 1988
- $1 billion in revenue (fastest rise ever for computer company
with direct sales force); 1992 - shipped more
multiprocessing UNIX servers in single year than any other vendor
shipped in history; 1993 - one million systems
shipped just over 10 years; made its debut on Fortune 500;
1995 - introduced Java technology, first universal
software platform, designed from ground up for Internet and
corporate intranets; enabled developers to write applications once
to run on any computer; 1996 - licensed Java
technology to all major hardware and software companies;
1997 - first systems company ever to demonstrate best TPC-C
performance on all four leading database platforms; 2001
- $18.25 billion global leader in network computing solutions;
2005 - largest business contributor to global open
source community with donation of 1,600 patents.
USA Today -
25th
Anniversary:
1982
- Al Neuharth, former chairman and chief executive officer of
Gannett Co., founded USA Today with goal of providing
colorful alternative to relatively , wordy, gray metropolitan
papers; widest circulation of any newspaper in United States
(average 2.25 million copies every weekday), second world-wide
among English-language broadsheets behind the 2.7 million daily
paid copies of The Times of India.
Weather Channel -
25th
Anniversary:
May 2, 1982
- Weather Channel went on the air; 10 months from concept to live
broadcast (24 hour cable weather station); created by former WLS-TV
Chicago chief meteorologist and Good Morning America forecaster
John Coleman; took idea to Frank Batten, CEO of Landmark
Communications. |