eckhart grohmann net worth
Its activities are carried out through three segments: Orion Services Group (OSG), which accounts for the majority revenue; Orion Distribution Services Division (ODS); and Orion U.S. Markets Division (USM). [63] Grohmann, on the other hand, contends that this was a tragic accident and an isolated incident in an otherwise safe working environment, noting his strong commitment to safety at his ACE/CO facilities. [56] Ibid. *FREE* shipping on qualifying offers. Eckhart Grohmann is 86 years old and was born on 06/29/1936. Check Background Get Contact Info This Is Me - Edit Reputation & Background View All Public Private 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. [84] Wrights Milwaukee City Directory, 1963 (Milwaukee: Wright Directory Co., 1963), 533. [58] Judith H. Dobrzynski, Love of Labor, Labor of Love: Mr. Grohmanns New Museum, The Wall Street Journal, January 3, 2008, B11. [25] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. Fundamental company data provided by Morningstar, updated daily. [47] Discussed as a transition made by United States industrialists in Bluestone and Harrison, 7. The Grohmann Museum at MSOE is named in his honor. of 2,500 shares. Aaron was born in California, but he moved to England when he was only 13 years old. [88] The most famous feature of the Grohmanns display, however, was a large, sprawling Hawthorn tree in the front yard that had each branch delicately wrapped in a total of twelve thousand tiny white lights. [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. [77] Milwaukee Journal, September 3, 1981, part 2, 14. 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. purchase In October 2017, the Grohmann Museum celebrated its 10th anniversary with a special black-tie gala. [64] The Occupational Safety and Health Administration (OSHA) fined ACE/CO $55,000 ($83,000 in 2010 USD) for this and other serious incidents it had deemed as willful violations of labor safety regulations. 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. [86] Wrights Milwaukee City Directory, 1966 (Milwaukee: Wright Directory Co., 1966), 534. The OSG segment develops and sells lighting products and provides construction and engineering services for our commercial lighting and energy management system. [82], Just as Milwaukees well-established industrial tradition and history of German immigrant entrepreneurs made the city an especially lucrative environment for Grohmanns business ventures, the prevalence of German heritage among Milwaukees citizenry made the citys social networks extremely receptive to even the most recent of German immigrants like Grohmann. Eckhart Grohmann has collected art since the 1960s. Refer a Friend and Earn One Month of Free Membership. [29] His path to business success in the United States was facilitated with the passage of the 1952 McCarran-Walter Act that gave preference to highly skilled immigrants for entryespecially industrialists, exempting many of them from the quota system. [43] However, faced with intensifying global competition and the growing worldwide economic crisis of the 1970s, several American industrial firms attempted to restore and preserve their postwar profit rates by working to reduce investments, cut labor costs, and eliminate tax responsibilities. Carole and her three children began decorating their home in late November every year. Last updated: 16 June 2019 at 12:23am EST. Home to the world's most comprehensive art collection dedicated to the evolution of human work. While Eckhart was wrapped up in the operations of his businesses, Carole developed a reputation in the community for her fine cooking. Sign up in seconds, it's free! 99-4187, US Court of Appeals (7th Cir. [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. [94] Grohmann Museum, The Collector: Dr. Eckhart Grohmann, Collector and Donor, Milwaukee School of Engineering, (accessed February 12, 2013). Sometimes Eckhart goes by various nicknames including Eckhar Grohmann, Eckhardt Grohmann and Eckhart G Grohmann. [49] Unless otherwise noted, all 2010 USD values calculated by using http://www.measuringworth.com/uscompare/ (accessed February 11, 2013). 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). In addition to these internal, organizational problems, Grohmann faced broader challenges to his ACE/CO investment as well. [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. Although well steeped in the workings of business administration, Grohmann was not experienced in the operation and management of an aluminum foundry. [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. Man at Work: 400 Years in Paintings and Bronzes He settled in Milwaukee, Wisconsina city known for its historically high concentrations of German immigrants and their descendants. 99-4187, US Court of Appeals (7th Cir. 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. During the past 18 months, 50,956 shares of Orion Energy Systems Inc (OESX) were sold and 55,408 shares were bought by its insiders, resulting in a net Executive Vice President Scott A. Greg Kretschmar net worth is $8 Million Greg Kretschmar Wiki: Salary, Married, Wedding, Spouse, Family Greg Kretschmar is an actor, known for Ear Whacks (2009), Bighorn (2010) and Split Ticket (2016). Recognizing Grohmanns business talents, the Weisel family offered him control of the firm after he had married Carole. His debut book, 'The Power of Now,' is his most well-known work. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Inside, virtually every room is dressed for the holidays, a 1981 Journal article reportedincluding five cathedral-sized Christmas trees (over eleven feet tall) decorated in different themes and traditional German advent wreaths with real candles hung from the ceilings. 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. After immigrating to the United States, he acquired his own company, Aluminum Casting and . 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. The Garret I, 1848-1849. Large sections of Eastern Germany and the Austro-Hungarian Empire were carved off to help construct the independent states of Poland and Czechoslovakia. , On average, Orion Systems Inc executives and independent directors trade stock every 33 days with the average trade being worth of $30,322. Arrival of the Stagecoach, ca 1859. [61] However, organizers continued to point to what they perceived as unacceptable working conditions. [48] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. [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. [9] In a 2007 interview, Grohmann remembered, I saw them chiseling away until finally there was a Maria or a tombstone usually religious things.[10] Moreover, Grohmann observed the organizing and building of a successful and extensive corporation in the W. Thust stone works, especially noting its vertical integration that controlled the entire process and its quality from beginning to endthe extraction of the stone to its sculpture into church statues and cemetery figures.[11] Grohmanns interaction with his grandfathers quarry workers also suggests an early formation of his managerial distinction or entrepreneurial differentiation from manual laborers. [75] Stafford, Milwaukee Sentinel, November 18, 1974, part 2, 13; Top Officer is Hired by Weisel, Milwaukee Journal, December 10, 1974, part 2, 16; Grohmann, interview, November 28, 2012. [84] Eckhart and Carole were first listed as married in Wrights Milwaukee City Directory in 1963. [66] National Labor Relations Board v Aluminum Casting Engineering Co., Inc., No. Found in the collection of Eckhart G. Grohmann Collection. Eckhart Grohmann has collected art since the 1960s. However, as indicated in his conflicts with his ACE/CO workers and the controversy over Nazi art at his museum, he viewed his interests as private, and was not interested in allowing other parties to dictate how he applied them. [75] Grohmann remained president of the firm until 1977, when he and the Weisel family sold the business to the companys general manager, Thomas G. Stanek. [79] Ameritech Acquires Central Control Alarm, Milwaukee Journal Sentinel, May 19, 1997. of 4,452 shares. 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. Past performance is a poor indicator of future performance. Grohmann was already a member of the entrepreneurial class in Germany. 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 . [31] Grohmann recalled in 2012 that DoALL hired him in 1963 and then quickly sidetracked him from the training program to help facilitate the creation of the companys exhibit, The Extension of the Handan overview of the history of toolsfor the 1964-65 New York Worlds Fair. Ten years later, I was in London going through the galleries at Bond Street, and I see my Kryer. [67] ACE/CO filed numerous objections to this election to the National Labor Relations Board (NLRB), and refused to recognize or negotiate with the new union. In the House of Representatives, Grothman serves on three committees, the House Committee on Education and Labor, the House Committee on Oversight and Reform . Above is the net worth, insider trading, and ownership report for Eckhart G Grohmann. 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. About The Grohmann Museum. Everything she said was interesting. egrohmann@netzero.net. 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. [18] Attempting to placate their Silesian critics, the DEST vowed to no longer recruit free labor from Silesia, and send their trainees to other DEST enterprises, but also conveyed that private industry would have no say in the matters of the SS. The Art of the Milwaukee Road. , [51] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. [20], As the Soviets overwhelmed the German army and the front inched ever nearer to the German homeland by early 1945, however, Germanys defeat in the Second World War became more and more certain. [65] Milwaukee Journal, May 9, 1994, C7; Grohmann, interview, December 1, 2012. [88] Hagen, Milwaukee Journal, December 19, 1981, 1. ; Terry Davis, Cross Border Organizing Comes Home: UE & FAT in Mexico & Milwaukee, Labor Research Review 1.23 (1995): 24. For 120 years, the original paintings location was unknown, and all that existed were black-and-white lithographs. [33], Milwaukee was indeed a natural place for Grohmann to pursue his entrepreneurial development. To achieve his success, Grohmann had to work hard, and he appreciated art that reflected that ethic. a net 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. . Aaron Eckhart is an American actor who works in movies and on the stage. Grohmann strongly refutes these wage claims as little more than union propaganda. Green. [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]. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. [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. . Over the past 18 months, [98] In addition to collecting art that portrayed work, Grohmann also commissioned several pieces depicting work on the shop floor of ACE/CO from German industrial painter Hans Dieter Tylle. Net Worth: Relationship: Married Kids: Grohmann was already a member of the entrepreneurial class in Germany. 138 (February, 1993): 144-195; Christopler R. Browning, Ordinary Men: Reserve Police Battalion 101 and the Final Solution in Poland (New York: Harper Perennial, 1993). This bred growing resentment and political tension in Eastern Europe in the interwar period. American workers had high expectations for the booming economy of the 1990s, hoping that it signaled a real opportunity to return to the social contract of the postwar years, and expand it to women and minorities. [42] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. Although average net worth is higher than median (at $746,821 vs. $121,411, respectively), median is the 'middle point' of wealth. Perhaps further testament to the prevalence of these networks is the short amount of time between Grohmanns immigration in 1962, and his marriage to Carole Weisel the daughter of a German sausage manufacturing family that had been established in Milwaukee for several generations. [35] Judith T. Kenny, The Homebuilders: The Residential Landscape of Milwaukees Polonia, 1870-1920, in Milwaukee Stories, ed. Found in the collection of Eckhart G. Grohmann Collection. , [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. In addition to being an astute and successful entrepreneur, Eckhart Grohmann also became a major booster of private higher education in Milwaukee. 2004-2023 GuruFocus.com, LLC. [43] Kenneth T. Jackson, Crabgrass Frontier: The Suburbanization of the United States (New York and Oxford: Oxford University Press, 1985), 190-230. [82] Romell, Milwaukee Journal Sentinel, November 22, 2004; Joseph C. Niebler, Sr., Attorney Profiles, Niebler, Pyzyk, Roth, and Carrig, LLP, Attorneys at Law, (accessed February 12, 2013); Company History, Honeywell HomMed (accessed February 12, 2013). [52] Grohmann quoted in Stafford, Milwaukee Sentinel, January 12, 1976, 9. BETA CAST, INC. is a Wisconsin Domestic Business Corporation filed on June 10, 1965. 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. Grothman is currently serving his fifth term in Congress, having first been elected in 2014. [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. 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. Molten metal accidents leave scars on hands and bodies. 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. We dont know that any was actually commissioned by the Third Reich, Grohmann said in an interview with The Art Newspaper, and to be honest I wouldnt care. 2023 Milwaukee Art Museum Blog, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email a link to a friend (Opens in new window). But it's a vanity museum out to make the point that work is noble and dignified, a conviction reinforced by its location on the campus of the Milwaukee School of Engineering, rather than along some tourist trail.[102], Grohmanns museum endeavor became the center of some controversy shortly after it opened, though, as it was realized that it had artworks depicting Nazi building and engineering projects in its permanent display. [73], Like several of Milwaukees best-known German-American entrepreneurs who married into their businesses, such as Joseph Schlitz, Valentine Blatz, and Frederick Pabst, Grohmann also married into the Weisel Sausage Company through his wife, Carole Weisel, daughter the companys owner, Carl Weisel, Jr. (Baltimore and London: Johns Hopkins University Press, 2002), 240-243. Right now, Eckhart Grohmann lives in Milwaukee, WI. In late 1974, Grohmann acquired the Lawran Foundry Company from Lawrence J. Andresa sand casting operation located on Milwaukees south side. [85], The Grohmanns made their home in Shorewood, Wisconsin, a small suburban community located on Milwaukees north side. Executive Vice President J Per Brodin Grohmann, Eckhart and Ischi cut the ribbon at the Grohmann Museum's grand opening, October 27, 2007 r2WPadmin 2018-08-07T23:37:48+00:00 Grohmanns contact with his grandfathers W. Thust operations proved to be such a formative experience in his entrepreneurial development that he later declared it the place where he was baptized in the trades. [54] Wrights Milwaukee City Directory, 1975 (Milwaukee: Wright Directory Co., 1975); Wrights Milwaukee City Directory, 1976 (Milwaukee: Wright Directory Co., 1976), 563. Currently, Eckhart is married. 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 . Found in the operations of his businesses, Carole developed a reputation in operation... [ 86 ] Wrights Milwaukee City Directory in 1963 hard, and ownership report for Eckhart Grohmann... Made by United States industrialists in Bluestone and Harrison, 7 Casting operation located Milwaukees! For Grohmann to pursue his entrepreneurial development Grohmann was already a member of the firm after he had married.. 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