I was on the phone bidding for it, but was building a business at the time and didnt have the money to meet the competitor. Though still within the parts of Silesia that remained in territorial Germany, the Grohmann family was surely in the midst of this conflict.[4]. Green . [88] Hagen, Milwaukee Journal, December 19, 1981, 1. [50], Despite this extraordinary growth, ACE/CO experienced significant setbacks in the economic recessions of 1970 and 1976. [54] Wrights Milwaukee City Directory, 1975 (Milwaukee: Wright Directory Co., 1975); Wrights Milwaukee City Directory, 1976 (Milwaukee: Wright Directory Co., 1976), 563. [89] Hagen, Milwaukee Journal, December 19, 1981, 1-2. Eckhart G Grohmann Net Worth What's Eckhart Grohmann's mailing address? a net BETA CAST, INC. is a Wisconsin Domestic Business Corporation filed on June 10, 1965. Eckhart Grohmann does not fit the all-too-familiar narrative of the old world European immigrant peasant turned captain of industry that permeates much of the American popular memory. Grohmann was already a member of the entrepreneurial class in Germany. Gert has a reported annual income of $100 - 149,999 and a current net worth value of greater than $250,000 - $499,999. purchase [93] Bennett, Chicago Sun Times, Food, 12; Carol Haddix, Wisconsin Becomes an Excellent New Sauce Source, Foodstuff, Chicago Tribune, November 6, 1986, F2. [57], In a 2008 interview with the Wall Street Journal, Grohmann claimed that he never lost his respect for hard labor, noting that he sympathized with workers as he himself had gone out to the shop floor and poured castings on a ninety-degree day.[58] However, by the late 1980s and early 1990s, his relationship with his over four hundred workers quickly deteriorated in disputes over working conditions, wages, and benefits. The painting was first shown, in Paris, in 1859 and was extremely well received. A: Every picture that Ive bought has a story to itand I have a group of favorite picturesbut I hesitate to take one and single it out. ; Roger A. Stafford, Aceco Plans for Turn, Know Wisconsin Industry, Milwaukee Sentinel, January 12, 1976, part 2, 9; Mary Louise Schumacher, A Working Tribute, Review, Milwaukee Journal Sentinel, October 25, 2007, E1. Besides serving as a compelling addition to the litany of successful German immigrant entrepreneurs in United States history, Grohmanns story is extremely valuable to complicating our understanding of the dynamics of transnational migration in the realm of post-World War II global capitalism. Orion provides energy-efficient LED lighting systems and turnkey project implementation including installation and commissioning of fixtures, controls and IoT systems, as well as ongoing system maintenance and program management. Margo Anderson and Victor Greene (Urbana: University of Illinois Press, 2009), 124. Eckhart G Grohmann is the director of Orion Energy Systems Inc. Past performance is a poor indicator of future performance. 2000). Other recent insider transactions involving Orion Energy Systems Inc (OESX) include 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. Silesia was also a significant rock-quarrying regionan industry in which Grohmanns family had built a notable and extensive enterprise. [8] Eckhart Grohmann, Introduction, in Klaus Trk, Man at Work:400 Years in Paintings and Bronzes, Labor and the Evolution of Industry in Art, the Eckhart G. Grohmann Collection at the Milwaukee School of Engineering (Milwaukee: Milwaukee School of Engineering, 2003), 6. purchase The Grohmann Museum is named in honor of Dr. Eckhart Grohmann, an MSOE Regent, Milwaukee businessman and avid art collector, who donated his Man at Work art collection to MSOE in 2001 and subsequently the funds to purchase, renovate and operate the museum that bears his name. The Grohmann Museum collection currently comprises more than 1,700 paintings, sculptures, and works on paper from 1580 to the present. [27] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. 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. [48] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. [79], Further exhibiting his diverse entrepreneurial abilities, Grohmann also held a controlling interest in the HomMed Company, a medical device manufacturing company established by Herschel Peddicord in 1999. As a shrewd and successful immigrant entrepreneur, Grohmann was indeed a product of his life experiences. . [36] While Grohmann does not directly attribute his success to Milwaukees German ethnic heritage, the depth of the populations German roots and the prominence of German industrialists in the citys history provided a distinct cultural environment that would have certainly helped his endeavors as a German immigrant entrepreneur to at least some degree. Carole and her three children began decorating their home in late November every year. However, he did make small donations to the campaigns of several state and local Republican candidates over the last couple of decades, as well as to the Wisconsin Committee to Elect a Republican Senate, to a total amount of $2,500. [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. Unlike most other art museums, however, the Grohmann Museums permanent exhibit contains the art collection of only one person, and arranges its motif around the subject of this artworkand not its aesthetic qualities. [93] Eckhart and Carole Grohmann were divorced in 1982. S&P 500 Aggregate Buffett-Munger Screener Industry Overview Undervalued Predictable Benjamin Graham Net-Net 52-week/3Y/5Y Lows 52-week/3Y/5Y Highs Magic Formula (Greenblatt) . . According to the organizations website, board members like Grohmann help provide or secure funding for research, training, and equipment purchases needed at the medical colleges various centers. [37], Not interested in settling for an executive position in someone elses firm, however, Grohmann began searching for a business of his own, which he found in the Aluminum Casting and Engineering Company (ACE/CO)a small aluminum foundry on Milwaukees south side. no insider transaction in Orion Energy Systems Inc (OESX). Contrary to the claims of union organizers, Grohmann asserts he did not run a sweatshop operation, but maintained tremendous respect for, and dedication to, his workers, compensating them accordingly. 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. [92] However, after enrollment in the school dropped significantly eight years after they had launched the project, they decided to focus their attention on creating a line of gourmet food products with new partner Betty Puccio, including frozen soups (which they were known for at the cooking school), and a series of barbecue sauces, basting sauces, and cranberry sauces and chutneys under the Wisconsin Wilderness label that remains to this day. Eckhart Grohmann thinks differently. For instance, he recognized that specialization was key to ACE/COs ability to distinguish itself in the competition for increasingly mobile capital and the development of more flexible and differentiated production. After a long court battle, this fine was eventually cut down to a $3,500 settlement ($5,150 in 2010 USD) that downgraded ACE/COs violations to OSHAs less critical serious category. [96] Grohmann also joined the advisory board of the Medical College of Wisconsins Cardiovascular Center in 2008. 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. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 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. [26] Grohmann Museum, The Collector: Dr. Eckhart Grohmann, Collector and Donor, Grohmann Museum, Milwaukee School of Engineering, (accessed February 12, 2013); Grohmann, interview, November 28, 2012. . I watched the blacksmiths, carpenters, quarry workers, stone cutters, and especially the master sculptors and their apprentices create marble statues for monuments and elaborate tombstones.[8] The process of turning raw stone into a final product, using little more than brute strength and ingenuity, as one reporter described, particularly fascinated him. [104] Campaign Finance Database, Eckhart Grohmann, Wisconsin Democracy Campaign, (accessed February 12, 2013). Tolle published "The New York Times" bestseller "The Power of Now" in 1997, followed by "Practicing the . [40] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Grohmann, interview, November 28, 2012. The most active insiders traders include Kenneth M Young, John H Scribante, and Scott A. [64] Grohmann, interview with the author, December 1, 2012. Since his start in the industry, Josh Altman has earned himself a net worth of $30 million. a net . [23] Ibid. Recognizing Grohmanns business talents, the Weisel family offered him control of the firm after he had married Carole. [101] Judith H. Dobrzynski, Love of Labor, Labor of Love: Mr. Grohmanns New Museum, The Wall Street Journal, January 3, 2008, B11. Not only did he respond to this challenge directly, he also viewed it as an opportunity to learn, and therefore become able to control, all parts of the production process in his facility from beginning to end. [83] This is an indisputable notion in that Grohmanns migration and business endeavors were conducted largely in the realm and rationalities of global capitalism and Cold War politics, having made many personal decisions based on what made sense professionally and politically. , Click through to find out more information about the name Eckhart on BabyNames.com. Four-story academic building to be funded by largest alumni gift in school history. 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. [25] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. 1 (March, 1914), 114; Eckhart G. Grohmann, interview by the author, Milwaukee, Wisconsin, November 28, 2012. He also provided the funds to purchase, renovate and operate the museum that bears his name. The Registered Agent on file for this company is Eckhart Grohmann and is located at 2039 South Lenox, Milwaukee, WI 53207. The company has 1 contact on record. His debut book, 'The Power of Now,' is his most well-known work. 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. Looking back, the Sentinel noted, [Grohmann] views the departures as a big favor since they forced him to learn the total operation, from pouring molten metal to sales and marketing.[42] Grohmanns approach to these challenges reveals the extent to which he learned from his familys successful building and rebuilding of their W. Thust operations. [37] Grohmann, interview, November 28, 2012.; the impact of German ethnic identity on Milwaukee culture is further discussed in Theodore Mueller, Milwaukees German Cultural Heritage, in Milwaukee History 10, no. [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. The citys extremely large and highly concentrated German, Polish, and Italian populations, among others, secured Milwaukees status as an immigrant city, sharing first place with New York City as such in 1910. [26] However, even though his familys quarrying firm had thrived once again, Grohmann recalled in a 1974 interview, the large number of family members involved in its management made him realize his future as an industrialist lay elsewhere.[27] Also citing the continued threat of a Soviet invasion in the decades following the Second World War in a 2012 interview, Grohmann noted that his decision to leave Europe was made even more resolute in his desire to get away from the Iron Curtain, and to never experience the turmoil he and his family faced at the end of the war ever again. [80] Rick Romell, Honeywell Buying Brookfield Medical Device Maker, Milwaukee Journal Sentinel, November 22, 2004. Eckhart Grohmann has collected art since the 1960s. [100] Grohmann, Introduction, in Trk, 6. of 2,500 shares. [69] Although the NLRB ordered the reversal of these practices, ACE/CO appealed this order, and fought these charges in court into the new century. While his endeavors required a great deal of hard work and resilience, his success in these ventures was largely assisted by some distinct advantages. Although Grohmanns background might be characterized as being rather privileged, it was undoubtedly quite turbulent as well. [38] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Aluminum Association, Aluminum Statistical Review, 1979 (Washington, DC: Aluminum Association, 1979), 12, 28. Executive Vice President J Per Brodin After immigrating to the United States, he acquired his own company, Aluminum Casting and Engineering Co., a small Milwaukee foundry that he expanded into a major firm. I dont politicize pictures.[103], Aside from his anti-union stance, Grohmann has largely kept his political affiliations out of the public eye. [66] National Labor Relations Board v Aluminum Casting Engineering Co., Inc., No. Its ODS segment focuses on selling lighting products through manufacturer representative agencies and a network of North American broadline and electrical distributors and contractors, whereas the USM segment sells commercial lighting systems and energy management systems to the wholesale contractor markets. GuruFocus.com is not operated by a broker or a dealer. Full Summary After that, it fell off the mapnobody knew where it went. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. [71] Grohmann Museum, The Collector: Dr. Eckhart Grohmann, Collector and Donor, Grohmann Museum, Milwaukee School of Engineering, (accessed February 12, 2013). 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. [39] However, Watry had no interest in seeing his small company go to a larger competing firm, so, when Grohmann approached him as an independent party in 1965 who saw possibilities in the small Milwaukee firm, the aging Watry was eager to sell.[40]. The company's filing status is listed as Merged (Non-Survivor) and its File Number is 1B09704. [31] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Grohmann, interview, November 28, 2012. The German-born president of the Milwaukee Aluminum Casting & Engineering Company recently donated nearly 450 paintings and sculptures to the Milwaukee. [94] Grohmann and his second wife, Ischi, also made a substantial donation to the school, contributing to the building of their Kern athletic and fitness facility in downtown Milwaukee. [6] Roger A. Stafford, Aceco Plans for Turn, Know Wisconsin Industry, Milwaukee Sentinel, January 12, 1976, part 2, 9. 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. [5] In a 1976 interview, Grohmann explained, At the height of its prominence his familys W. Thust operation was the largest marble and granite processing firm in Germany, operating five plants and 20 active quarries, most of which were located in the Eastern German countryside. However, the value of established German ethnic networks to Grohmanns business ventures in Milwaukee is perceptible to some extent in that a lone immigrant like Grohmann who did not have immediate family networks in the area to rely on was able to establish himself and build a successful enterprise in the city quite quickly and with relative ease. Other key executives at Orion Energy Systems Inc include [24] Despite these sizeable setbacks, however, Grohmann and his family embraced their new home in West Germany and rebuilt their W. Thust enterprise. It was then shown in Vienna and Cologne in 1864. Biography. [59] Robert H. Zieger and Gilbert J. Gall, American Workers, American Unions: The Twentieth Century, 3rd ed. In 2000, the work came up at a Sothebys auction, and I realized that was my Dance Under the Linden Tree [a work by Knaus in the Museums collection], and I had to buy it. [21] Richard Overy, Why the Allies Won (New York and London: W.W. Norton and Company, 1995), 314-330. Per Bloomberg, his net worth is based upon several elements: "There's the $185 million charge for a non-compete agreement for Neumann, $106 million for a settlement payment, and $578 million for . It was gifted to MSOE in 2001 by Milwaukee businessman and collector Dr. Eckhart Grohmann. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Despite their prevalence, though, many of the these German ethnic networks became indiscernible as generations passed and German ethnicity pervaded all levels of Milwaukees social, economic, and political operations. (Milwaukee: Milwaukee County Historical Society, 2006), 119-123, 167. Historically known as the Deutsch-Athen, or German Athens, of the United States, Milwaukee over the course of the nineteenth century established a national and international reputation for the dominance of its German identity, cultural institutions, and businesses. *FREE* shipping on qualifying offers. Grohmann Eckhart G Net Worth 2022 and insider trades. More than 1000 paintings depict people working in some capacity, from farmers to factory . [45] In Milwaukee, as in other American industrial centers, these transformations generated an unprecedented urban crisis, and promoted a growing sense of despair and uncertainty among its residents. However, an NLRB review later determined that ACE/CO committed several unfair labor practices at the time of the election, including denying workers their annual wage increase, giving preferential treatment to anti-union workers, and expressing its ambition to do everything possible to remain union-free in its employee handbookwords allegedly repeated by Grohmann himself in the heat of a later election campaign. The Art of the Milwaukee Road. Written by Joe Walzer, University of Wisconsin-Milwaukee Introduction The Grohmann Museum at MSOE is named in his honor. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Moreover, he did not arrive in the United States as a poor labor migrant searching for social and economic mobility, and, while Grohmann cites political security as a major reason for his departure from Europe, he was not a traditional Displaced Person (DP) or exiled refugee common to Cold War era European migrations to the United States. [87] Wrights Milwaukee City Directory, 1967 (Milwaukee: Wright Directory Co., 1967), 384; Lois Hagen, Dressed for Christmas, Milwaukee Journal, December 19, 1981, Home section, 1. [14] In order to aid in the construction of grand Nazi building projects, the SS established the German Earth and Stone Works (Deutsche Erd- und Steinwerke, DEST) in 1938 to exploit forced labor in the quarrying of stone and brick making.[15] According to Paul B. Jaskots work, Architecture of Oppression, the SS expanded their DEST enterprise to Silesia, where they established a concentration camp and forced labor quarry at Gross-Rosen to use Polish and Russian prisoners of war to quarry granite for monumental building projects, like the German Stadium in Nuremberg and the Soldiers Hall in Berlin. [2] Roger Daniels, Guarding the Golden Door: American Immigration Policy and Immigrants Since 1882 (New York: Hill and Wang, 2004), 113-128. The corporation was created through a merger of the operations of Central Watch, Incorporated and Johnson Control Central Station of Milwaukee, Incorporateda subsidiary of Johnson Controlsheaded by Grohmann, Robert W. Shirley, and R. Roy Longworth. [55] Moreover, as the cost of iron casting steadily increased, more and more manufacturers were turning to lighter and cheaper aluminum castings, allowing ACE/CO to secure a greater piece of the lucrative automotive parts industry, producing parts for major corporations like General Motors, Chrysler, and Caterpillar. The bulk of their quarrying business and their family farm was located in eastern Germany, which had been lost in the redrawing of political boundaries, the expulsion of ethnic Germans from Polish and Czechoslovakian territories, and the polarization of East and West Germany in the onset of the Cold War. Q: What is your favorite work in your collection? [30], Shortly after coming to the United States, Grohmann decided to settle in the Midwest, answering an ad that called for six executive trainees that the DoALL Companya tool manufacturer headquartered in Des Plaines, Illinoishad posted in the Wall Street Journal. [59], ACE/COs employees were diverseblacks, whites, Hmongs, and Laotians and the company had become one of the largest employers of Mexican immigrants in Milwaukee.[60] The operation gained a reputation among some in the surrounding South Side communities for its low pay and dangerous working conditions. a net Workers are frequently given assignments for which they have never been trained.. Eckhart Grohmann is 86 years old and was born on 06/29/1936. For instance, serving as a corporation member in 1974 and then as regent in 1990, Grohmann has had a long history as a major benefactor of the Milwaukee School of Engineering (MSOE). Ethnic Cleansing in East-Central Europe, 1944-48 (Lanham: Rowman & Littlefield, 2001); Roger A. Stafford, Aceco Plans for Turn, Know Wisconsin Industry, Milwaukee Sentinel, January 12, 1976, part 2, 9. The bitterness and resentment towards the Allied Powers, Communists, and Jews over their alleged contributions to the stabbing of Germany in the back in the peace settlements following the First World War became manifest in Hitlers rise to power in 1933, and in the subsequent installation of the totalitarian Nazi regime. The Registered Agent on file for this company is Gert Eckhart Grohmann and is located at 13117 N Granville Rd, Mequon, WI 53097-1807. . He remained on the board for thirteen years. [56] Ibid. 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. After immigrating to the United States, he acquired his own company, Aluminum Casting and Engineering Co., a small Milwaukee foundry that he expanded into a major firm. [68] Grohmann contends that these charges were only half of the story. Eckhart Grohmann has collected art since the 1960s. [61] Ibid. [15] Paul B. Jaskot, The Architecture of Oppression: The SS, Forced Labor and the Nazi Monumental Building Economy (London and New York: Routledge, 2000), 3. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. However, these new political borders often failed to reflect actual ethnic territories, drawing lines especially between otherwise congruent groups of ethnic Germans. [41] As a result, he experienced significant challenges . Indeed, Grohmann does not recognize Milwaukees German ethnic heritage and social networks as important factors in his entrepreneurial and social success, nor does he attribute much of his entrepreneurial abilities to his own German heritage. Found in the collection of Eckhart G. Grohmann Collection. [86] However, as their wealth grew, they were able to upgrade to larger homes on Newton Street in 1967, then on Lake Drive in 1970, moving into the home of Caroles mother, Irma Weisel, after her death. by Jefferson Cowie and Joseph Heathcott (Ithaca and London: Cornell University Press, 2003), 259-283. The name Eckhart is primarily a male name of German origin that means Edge, Brave. Find the Grohmann Museum. Insiders trading at Orion Systems Inc Over the last 15 years, insiders at Orion Systems Inc have traded over $3,487,990 worth of Orion Systems Inc stock and bought 1,060,460 units worth $1,669,220 . [83] Grohmann, interview, November 28, 2012. Oct 23rd, 2017 by Jeramey Jannene Orion Energy Systems Inc (OESX) Grohmann, however, assured the Milwaukee business community that, although ACE/CO may have been bouncing on the bottom of the recession as its customers had cut back on orders, it was not playing dead.[51] He viewed these economic downturns as temporary setbacks in the grander scheme of ACE/COs progress, and, therefore, excellent chances to expand and make important gains on his competition. Many of its well-known industrialists were either German immigrants or children of German immigrants, like the tanners Pfister and Vogel, and Trostel and Gallun, the industrial gear manufacturer Falk Corporation, and, of course the brewers, Schlitz, Pabst, Blatz, and Miller. 2004-2023 GuruFocus.com, LLC. [97] Medical College of Wisconsin Advisory Boards, Giving to MCW, Medical College of Wisconsin, (accessed February 12, 2013). 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