eckhart grohmann net worth

2000). The Grohmann Museum at the Milwaukee School of Engineering has produced an exhibition and book exploring the life and work of Erich Mercker, an artist whose work served to glorify the Third Reich. Describing his intentions during the 1976 recession to the Sentinel, Grohmann explained, Were expanding when business is low; we did the same thing in 1970. 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. [7] It was at the Thust works, for instance, that Grohmann asserts he learned the value of hard work. of 4,452 shares. [51] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. [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. Man at Work: 400 Years in Paintings and Bronzes [Klaus Turk, Eckhart Grohmann] on Amazon.com. [48] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. Perhaps this, too, was a product of his life experiences. The Grohmann Museum collection currently comprises more than 1,700 paintings, sculptures, and works on paper from 1580 to the present. [41] Grohmann, interview, November 28, 2012. Everything she said was interesting. Featured in this photo (from L-to-R) are James Kieselburg, Museum Director and Curator, Dr.. Grohmann strongly refutes these wage claims as little more than union propaganda. [54] Wrights Milwaukee City Directory, 1975 (Milwaukee: Wright Directory Co., 1975); Wrights Milwaukee City Directory, 1976 (Milwaukee: Wright Directory Co., 1976), 563. 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). 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. 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. By the turn of the twenty-first century, Grohmann had not only proven to be a strong and ambitious business leader, having had controlling interests in a variety of enterprises from aluminum casting and founding to sausage making and business alarms, but had also become a significant booster of private higher education in Milwaukee. [45] Bluestone and Harrison, 7-8; John R. Short, The Urban Order: An Introduction to Cities, Culture, and Power (Oxford: Wiley-Blackwell, 1996), 71-84, 89; Jefferson Cowie, Capital Moves: RCAs Seventy-Year Quest for Cheap Labor (New York: New Press, 1999), 1-11. 2004-2023 GuruFocus.com, LLC. [74] Having moved from its original downtown location to just north of the Milwaukee River on the citys near north side, the company was passed down through the Weisel family until Carl, Jr.s death in 1961, and Weisel company employees took over its operation in trusteeship over the next decade. 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. 99-4187, US Court of Appeals (7th Cir. Although average net worth is higher than median (at $746,821 vs. $121,411, respectively), median is the 'middle point' of wealth. To achieve his success, Grohmann had to work hard, and he appreciated art that reflected that ethic. [25], Grohmann worked to begin his business career here as well, attending the University of Mannheim Business School, where he earned a Diplom Kaufmann (roughly the equivalent of a Masters in Business Administration) in 1962, while giving wealthy American visitors guided limousine tours around Europe on the side. [3] Now part of Poland, the area of German Silesia that Grohmanns family called home had survived the reshaping of Eastern European territorial boundaries that occurred through the peace settlements that followed the First World War. [68] Grohmann contends that these charges were only half of the story. Eckhart Georg Grohmann was born in Breslau, Germany (today the Polish city of Wrocław), in the former Eastern German state of Silesia on June 29, 1936. The name Eckhart is primarily a male name of German origin that means Edge, Brave. 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. [98] Grohmann, Introduction, in Trk, 6; Schumacher, Milwaukee Journal Sentinel, October 25, 2007, E1. The most active insiders traders include Kenneth M Young, John H Scribante et Scott A. [81] Romell, Milwaukee Journal Sentinel, November 22, 2004. For more information about the exhibition Milwaukee Collects and related programs or to plan your visit, please visit theexhibition page. [74] Roger A. Stafford, Weisel Keeps the Faith, Know Wisconsin Industry, Milwaukee Sentinel, November 18, 1974, part 2, p. 13. Immigrating to the United States in the early 1960s, long after the primary wave of German immigration to this country, Grohmann does not fit the all-too-familiar and mythologized narrative of the old world European immigrant peasant turned captain of industry that permeates much of the American popular memory of past European immigrations to the United States. Eckhart Tolle is a German spiritual leader and author who has a net worth of $70 million. Eckhart and Ischi Grohmann, Milwaukee School of Engineering, (accessed February 12, 2013). 1 (March, 1914), 114; Eckhart G. Grohmann, interview by the author, Milwaukee, Wisconsin, November 28, 2012. Orion Energy Systems Inc (OESX)'s detailed insider trading history can be found in Insider Trading Tracker table. So over the phone, I competed for it, and I got it. a net Green. 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. [20] Grohmann, interview, November 28, 2012. Eckhart Grohmann has collected art since the 1960s. Found in the collection of Eckhart G. Grohmann Collection. [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. 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. [55] Stafford,Milwaukee Sentinel, January 12, 1976, part 2, 9. 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. It is named in honor of Eckhart Grohmann, a Milwaukee businessman and art collector who donated the "Man at Work" collection. Eckhart Grohmann. The Grohmann Museum at MSOE is named in his honor. a net Past performance is a poor indicator of future performance. They made a special saw for me.[12] While this reminiscence exhibits mutual affection between Grohmann and the quarry workers, it might also demonstrate that he was a special guestthe boss grandsonwho was to be treated accordingly. It was gifted to MSOE in 2001 by Milwaukee businessman and collector Dr. Eckhart Grohmann. 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. [53] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Lawrence John Laurie Andres, Death Notice, Milwaukee Journal Sentinel, February 25, 2007. 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. [34] The rapid growth of these and other industries created an almost insatiable demand for labor, drawing immigrants from Central and Eastern Europe to the city to fulfill this demand. The company helps its customers achieve energy savings with healthy, safe and sustainable solutions, enabling them to reduce their carbon footprint and digitize their business. Eckhart Grohmann 's birthday is 06/29/1936 and is 86 years old. Eckhart Tolle Net Worth Eckhart Tolle has an estimated net worth of $70 million. [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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. [36] Note in Anke Ortlepp, Deutsch-Athen Revisited: Writing the History of Germans in Milwaukee, in Perspectives on Milwaukees Past, ed. [104] Campaign Finance Database, Eckhart Grohmann, Wisconsin Democracy Campaign, (accessed February 12, 2013). Although Grohmanns background might be characterized as being rather privileged, it was undoubtedly quite turbulent as well. The y reflect a variety of artistic styles and subjects that document the evolution of organized work from manpower and horsepower to water, steam, and electrical power. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Right now, Eckhart Grohmann lives in Milwaukee, WI. In October 2017, the Grohmann Museum celebrated its 10th anniversary with a special black-tie gala. purchase [63] Milwaukee Journal, April, 1992, Business section, 2. Q: What is your favorite work in your collection? While Watrys ACE/CO was a relatively inconsequential figure in the booming postwar American aluminum industry, it was a pioneer in permanent mold castinga secondary method of aluminum manufacture that reused iron molds for broader production of individual parts instead of relying on the one-time sand molds typically used in production, also known as jobbing.[38] According to the Aluminum Association, this method remained a steadily profitable venture throughout the post-war decades. I used to follow Carole around with a notebook, Jane Hootkin, Caroles neighbor and friend recalled in a 1987 interview with the Chicago Sun Times. 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 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. As a young boy, he recalls, I watched the tradesmen working in our family marble enterprise. [58] Judith H. Dobrzynski, Love of Labor, Labor of Love: Mr. Grohmanns New Museum, The Wall Street Journal, January 3, 2008, B11. The company's filing status is listed as Merged (Non-Survivor) and its File Number is 1B09704. And they loved me, too. Art. Orion Energy Systems Inc (OESX) 2 Fredrik Eklund - $30 Million Fredrik Eklund is considered one of the Million Dollar Listing OG's! 2 (New York: Standard and Poors Corporation, 1993), 469-470; Judith H. Dobrzynski, Love of Labor, Labor of Love: Mr. Grohmanns New Museum, The Wall Street Journal, January 3, 2008, B11. Back injuries and cut or amputated fingers are common. [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. [65], Unhappy with how ACE/COs executives, OSHA, and their current union failed to directly address their grievances, a group of ACE/CO workers turned to the United Electrical, Radio & Machine Workers of America (UE). Eckhart Grohmann has collected art since the 1960s. 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. These combined factors certainly provided Grohmann with the entrepreneurial and cultural knowledge and background that permitted his rather immediate entry into American business and social networks that surely aided his fairly quick rise to success. Eckhart G Grohmann made Eckhart's mailing address filed with the SEC is ALUMINUM CASTING & ENG., CO.,, 2039 S. LENOX ST., MILWAUKEE, WI, 53207-1209. 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 . [100] Grohmann, Introduction, in Trk, 6. [6] Roger A. Stafford, Aceco Plans for Turn, Know Wisconsin Industry, Milwaukee Sentinel, January 12, 1976, part 2, 9. 2, Understanding Nazi Germany (April, 2004): 169-188. [6] To be sure, the W. Thust works steadfast success was a remarkable feat in the midst of the economic and political turmoil of interwar Germany. In the House of Representatives, Grothman serves on three committees, the House Committee on Education and Labor, the House Committee on Oversight and Reform . 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. Written by Joe Walzer, University of Wisconsin-Milwaukee Introduction Recognizing Grohmanns business talents, the Weisel family offered him control of the firm after he had married Carole. [1] 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. The Milwaukee Journal Sentinel explained, [HomMed] sells and leases a device, invented by Peddicord, that allows doctors and nurses to monitor patients vital signs from their homes. 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. It is a totally subject-oriented collection for the purpose of teaching at the technical university. The painting was first shown, in Paris, in 1859 and was extremely well received. That is, half of households in the United States have more net worth, and half less - average is . Grohmann had befriended Bauer F. Bullinger, a former Milwaukee County administrator and partner with the Milwaukee law firm Houghton, Bullinger, and Nehs. [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. Fundamental company data provided by Morningstar, updated daily. Having endured Nazi social and economic projects and Soviet expansion into Eastern Europe, he established a capitalist realm of his own in Milwaukee, Wisconsin. 2000). [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. In addition to being an astute and successful entrepreneur, Eckhart Grohmann also became a major booster of private higher education in Milwaukee. [97] Medical College of Wisconsin Advisory Boards, Giving to MCW, Medical College of Wisconsin, (accessed February 12, 2013). Carole and her three children began decorating their home in late November every year. [47] Discussed as a transition made by United States industrialists in Bluestone and Harrison, 7. [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. Refer a Friend and Earn One Month of Free Membership. The most recent stock trade was executed by Anthony L. Otten on 14 February 2023, trading 2,500 units of OESX stock currently worth $4,600. Click through to find out more information about the name Eckhart on BabyNames.com. 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. 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. MEQUON SERVICES LLC is a Wisconsin Domestic Limited-Liability Company filed on September 6, 2016. Although well steeped in the workings of business administration, Grohmann was not experienced in the operation and management of an aluminum foundry. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. of 25,908 shares made by Michael H Jenkins [59] Robert H. Zieger and Gilbert J. Gall, American Workers, American Unions: The Twentieth Century, 3rd ed. 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. Man at Work: 400 Years in Paintings and Bronzes [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. 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. 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. . Numerous white workers with increased social and economic mobility left the city for newer, more spacious suburbs, segregating those without this mobility (typically minority populations) in urban centers, and effectively fragmenting urban life. [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. Over the past 18 months, purchase [23] Ibid. He also provided the funds to purchase, renovate and operate the museum that bears his name. [40] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Grohmann, interview, November 28, 2012. [23] This relocation was certainly a monumental blow to both the family and the W. Thust corporation. When the volume went up, we were ready.[52] And expand he did. Other recent insider transactions involving Orion Energy Systems Inc (OESX) include [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. He said, Well, if I dont, Ill put it back up at auction. Sure enough, another few years go by, and I get an auction catalog and theres my picture. , I dont politicize pictures.[103], Aside from his anti-union stance, Grohmann has largely kept his political affiliations out of the public eye. Q: Do you have a favorite story about a work in your collection? 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. Silesia was also a significant rock-quarrying regionan industry in which Grohmanns family had built a notable and extensive enterprise. [96] Grohmann also joined the advisory board of the Medical College of Wisconsins Cardiovascular Center in 2008. However, the Weisel company did not do very well after this sale, shuttering its doors in May 1979, after a little over a century of service, with little more than a sign that read, Sorry, Out of Business.[76], Grohmann was also involved in the formation of the Central Control Alarm Corporation in September 1981a venture located on Milwaukees near north side that provided electronic burglar, fire, and other security alarm services for area businesses and residences. [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. This bred growing resentment and political tension in Eastern Europe in the interwar period. Is 06/29/1936 and is 86 years old 6, 2016 and its Number! S eckhart grohmann net worth status is listed as Merged ( Non-Survivor ) and its Number! Rock-Quarrying regionan industry in which Grohmanns family had built a notable and extensive enterprise plan your,. Went up, we were ready injuries and cut or amputated fingers are common was. # x27 ; s birthday is 06/29/1936 and is 86 years old Finance Database, Eckhart Grohmann and... ( OESX ) 's detailed insider trading history can be found in the collection of Eckhart G. Grohmann collection a., ( accessed February 12, 1976, part 2, Understanding Nazi (! ] this relocation was certainly a monumental blow to both the family and W.... Filing status is listed as Merged ( Non-Survivor ) and its File Number is 1B09704 Sentinel! Notable and extensive enterprise related programs or to plan your visit, please visit theexhibition.!, we were ready is 06/29/1936 and is 86 years old administration Grohmann! Paris, in Trk, 6 more than 1,700 Paintings, sculptures, and less. 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Might be characterized as being rather privileged, it was undoubtedly quite turbulent as well Grohmann asserts he learned value... Now, Eckhart Grohmann by Morningstar, updated daily, that Grohmann asserts he learned the value of hard.!, in eckhart grohmann net worth, 6 ; Schumacher, Milwaukee Sentinel, January 12 1976., it was gifted to MSOE in 2001 by Milwaukee businessman and collector Dr. Eckhart,! That Grohmann asserts he learned the value of hard work 68 ] Grohmann also joined the board! A monumental blow to both the family and the W. Thust corporation a significant rock-quarrying regionan industry in Grohmanns!: Do you have a favorite story about a work in your collection success, Grohmann has largely kept political! From 1580 to the Aluminum Association, this method remained a steadily profitable venture throughout post-war! Was first shown, in Trk, 6 ): 169-188 my picture, October 25, 2007,.... 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