Fundamental company data provided by Morningstar, updated daily. After immigrating to the United States, he acquired his own company, Aluminum Casting and . Last updated: 16 June 2019 at 12:23am EST. [24] Philipp Ther and Ana Siljak, eds., Redrawing Nations. [43] Kenneth T. Jackson, Crabgrass Frontier: The Suburbanization of the United States (New York and Oxford: Oxford University Press, 1985), 190-230. [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. [96] Grohmann Museum, The Collector: Dr. Eckhart Grohmann, Collector and Donor, Milwaukee School of Engineering, (accessed February 12, 2013). [54] Wrights Milwaukee City Directory, 1975 (Milwaukee: Wright Directory Co., 1975); Wrights Milwaukee City Directory, 1976 (Milwaukee: Wright Directory Co., 1976), 563. Grohmann was already a member of the entrepreneurial class in Germany. [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. [5] Mary Louise Schumacher, A Working Tribute, Review, Milwaukee Journal Sentinel, October 25, 2007, E1; Park and Cemetery: and Landscape Gardening 24, no. Click here to see the complete history of Eckhart G Grohmanns form 4 insider trades. As Grohmann suggests in his above quote, his background was ever present in the prosperity of his business and social enterprises, directing his actions and decisions nearly every step of the way. They started out in a relatively small home on Edgewood Avenue across the street from the University of Wisconsin-Milwaukee campus. In his introduction to the catalogue of artworks that make up the Milwaukee School of Engineerings Man at Work collection bearing his name, Eckhart G. Grohmann (born June 29, 1936 in Breslau, Silesia, Germany) declares, Each of us is the product of our birth and the environment in which we grow up.[1] While perhaps a bit clich, this notion astutely captures Grohmanns experience and success as a German immigrant entrepreneur in the United States in the latter half of the twentieth and early twenty-first centuries. The company's filing status is listed as Restored To Good Standing and its File Number is M096755. Featured in this photo (from L-to-R) are James Kieselburg, Museum Director and Curator, Dr.. [70] National Labor Relations Board v Aluminum Casting Engineering Co., Inc., No. [62] On March 16, 1993, a pressurized tank exploded on the shop floor, fatally injuring forty-eight-year-old Prentiss Triplett. "Women Stripping Feathers" by Otto Piltz, 1877 Highlights of the Grohmann Museum 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. [44] Barry Bluestone and Bennett Harrison, The Deindustrialization of America: Plant Closings, Community Abandonment, and the Dismantling of Basic Industry (New York: Basic Books, 1982), 15-16. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Grohmann Eckhart G Net Worth 2022 and insider trades. Found in the collection of Eckhart G. Grohmann Collection. Based on ownership reports from SEC filings, as the reporting owner, Eckhart G Grohmann owns 1 companies in total, including 99-4187, US Court of Appeals (7th Cir. He also provided the funds to purchase, renovate and operate the museum that bears his name. 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 2, Understanding Nazi Germany (April, 2004): 169-188. [99] Recognizing that many MSOE students lacked exposure to the hands-on work experiences of the past due to modern automated production processes, Grohmann decided to donate his collection to the school in 2001, thereby opening [students] eyes to the historical evolution of work from its earliest beginnings.[100] Along with his collection, Grohmann also donated a building in which to house it, establishing MSOEs Man at Work collection at the Grohmann Museum, which opened its doors on the corner of North Broadway and East State Streets in downtown Milwaukee in October 2007. That is, half of households in the United States have more net worth, and half less - average is . Portrait of Dr. Eckhart G. Grohmann. 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. 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. In October 2017, the Grohmann Museum celebrated its 10th anniversary with a special black-tie gala. [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. Eckhart Grohmann is 86 years old and was born on 06/29/1936. I loved to watch the guys, Grohmann noted in a 2008 interview. 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. [23] This relocation was certainly a monumental blow to both the family and the W. Thust corporation. 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. Green . [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. BETA CAST, INC. is a Wisconsin Domestic Business Corporation filed on June 10, 1965. Everything she said was interesting. [86] Wrights Milwaukee City Directory, 1966 (Milwaukee: Wright Directory Co., 1966), 534. Silesia was also a significant rock-quarrying regionan industry in which Grohmanns family had built a notable and extensive enterprise. 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). 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. Eckhart's mailing address filed with the SEC is ALUMINUM CASTING & ENG., CO.,, 2039 S. LENOX ST., MILWAUKEE, WI, 53207-1209. Although average net worth is higher than median (at $746,821 vs. $121,411, respectively), median is the 'middle point' of wealth. Chief Operating Officer Michael H Jenkins 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. [81] Romell, Milwaukee Journal Sentinel, November 22, 2004. [61] Ibid. The star, who has been with Bravo for over a decade, has officially left the New York scene for sunny California. 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. [19], As Grohmann recalls in a 2012 interview, the Second World War proved further disruptive to his familys W. Thust operations almost immediately as the German government shut down its westernmost operation during the war, deeming it non-essential to the war effort. 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. Eckhart G Grohmann is the director of Orion Energy Systems Inc. [85], The Grohmanns made their home in Shorewood, Wisconsin, a small suburban community located on Milwaukees north side. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. . Already a member of the entrepreneurial class, Grohmann immigrated to the United States to achieve greater access to entrepreneurial opportunities than he could at home in Germany. by Thomas J. Jablonsky (Milwaukee: Marquette University Press, 2005), 243. [49] Unless otherwise noted, all 2010 USD values calculated by using http://www.measuringworth.com/uscompare/ (accessed February 11, 2013). Stock quotes provided by InterActive Data. 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. Carole and her three children began decorating their home in late November every year. . 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. [32] After the exhibit was completed, Grohmann returned to DoALLs training department in Chicago. Median net worth; Average net worth; Top 1% net worth; Of these, median net worth is the most important statistic. MSOE Unveils $34 Million Building. Net Worth: Relationship: Married Kids: Bullinger knew the owner of ACE/CO, John T. Watry, who had founded the company in the early 1940s, and knew of Watrys interest in selling the company due to his growing age. [41] As a result, he experienced significant challenges . 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. 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 . The German-born president of the Milwaukee Aluminum Casting & Engineering Company recently donated nearly 450 paintings and sculptures to the Milwaukee. [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. And they loved me, too. 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 In addition to being an astute and successful entrepreneur, Eckhart Grohmann also became a major booster of private higher education in Milwaukee. [54] According to the Sentinel, the merging of Lawrans sand casting facility and operation with ACE/COs permanent mold casting outfit gave Grohmanns enterprise the largest capacity of any US aluminum jobbing foundry, and moved ACE/CO into the top ten largest aluminum jobbing firms in the country. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. [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). [16] Jaskot notes that the DESTs Gross-Rosen project became problematic for private firms like W. Thust, especially as more and more prisoners were allocated to quarrying there, and its training program was opened up to eligible young men from the occupied eastern territories who were sympathetic to National Socialism.[17] In April 1942, Jaskot indicates, the W. Thust works lodged a formal complaint with the regional administration that the DESTs Gross-Rosen enterprise was operating at an unfair advantage in comparison to other quarries and workshops in Silesia, as the regions private firms could not possibly compete with the DESTs high wages or extensive pool of both free and forced labor. Orion Energy Systems Inc (OESX)'s detailed insider trading history can be found in Insider Trading Tracker table. , 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. . Orion Energy Systems Inc (OESX) [41] Grohmann, interview, November 28, 2012. This investment adviser does not provide advice to individual investors. Gert maintains relationships with many people -- family, friends, associates, & neighbors -- including Christine Grohmann, Eckhart Grohmann, Thomas Grohmann, Carole Grohmann and Cathy Haman. 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. [78] Central Control Alarm had certainly proved a profitable venture, though, having built a sizeable subscriber base of fifteen thousand customers, largely in Milwaukee, Madison, and Appleton, by the time it sold its assets and operations to Chicago-based Ameritech in May 1997. 2 Fredrik Eklund - $30 Million Fredrik Eklund is considered one of the Million Dollar Listing OG's! Milwaukee, WI, is where Eckhart Grohmann lives today. 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. Orion Energy Systems Inc is a developer, manufacturer, and seller of lighting and energy management systems. [66] National Labor Relations Board v Aluminum Casting Engineering Co., Inc., No. [11] Judith H. Dobrzynski, Love of Labor, Labor of Love: Mr. Grohmanns New Museum, The Wall Street Journal, January 3, 2008, B11. It is named in honor of Eckhart Grohmann, a Milwaukee businessman and art collector who donated the "Man at Work" collection. While dramatically improving the conditions of scores of American workersespecially white menpostwar industrial expansion and the resulting economic boom significantly changed the lives of many Americans and the face of American cities. [101] The Grohmann Museum might thus be called a vanity museum, a Wall Street Journal reviewer noted. Refer a Friend and Earn One Month of Free Membership. (Baltimore and London: Johns Hopkins University Press, 2002), 240-243. [87] The Grohmanns Lake Drive home was well known for its elaborate Christmas displays, a tradition that was started by Caroles late mother. [68] Grohmann contends that these charges were only half of the story. [28], Considering Canada and Australia as possible destinations away from Cold War Europe, Grohmann decided to put his Volkswagen on a ship and migrate to the United States, arriving in New York on July 4, 1962, as a twenty-six-year-old adventurer seeking, as he says, an executive position in an American corporation, and eventually an enterprise of his own. [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. 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 . While his father managed his familys farm, Grohmanns grandfather ran the W. Thust works in Gnadenfrei, which his family had established in 1819 and built into one of the top quarrying and processing firms in Germany, specializing in marble and granite tombstones and statues. [9] Mary Louise Schumacher, A Working Tribute, Review, Milwaukee Journal Sentinel, October 25, 2007, E1. [88] Hagen, Milwaukee Journal, December 19, 1981, 1. [27] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. 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. We know that Eckhart is married at this point. [32] Grohmann, interview, November 28, 2012. The painting was first shown, in Paris, in 1859 and was extremely well received. 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. of 25,000 shares made by Michael W Altschaefl This bred growing resentment and political tension in Eastern Europe in the interwar period. [47] Discussed as a transition made by United States industrialists in Bluestone and Harrison, 7. Sign up in seconds, it's free! 2004-2023 GuruFocus.com, LLC. However, as he indicated to the Sentinel reporter, it was through addressing these challenges that he was no longer merely an observer of hard work; he had also become a participant. [69] Grohmann, interview, December 1, 2012. [59] Robert H. Zieger and Gilbert J. Gall, American Workers, American Unions: The Twentieth Century, 3rd ed. [44] They accomplished this through the movement of capital in what has become known as deindustrialization: shifting focus to more flexible modes of production, outsourcing labor-intensive jobs, moving entire operations in pursuit of more docile, cheaper labor markets and communities willing to provide tax-breaks, or even shutting plants down altogether, selling off their assets piece by piece. Home to the world's most comprehensive art collection dedicated to the evolution of human work. 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). Green. Found in the collection of Eckhart G. Grohmann Collection. [58] Judith H. Dobrzynski, Love of Labor, Labor of Love: Mr. Grohmanns New Museum, The Wall Street Journal, January 3, 2008, B11. [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. 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. 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. by Neil Gregor, Nils Roemer, and Mark Roseman (Bloomington and Indianapolis: Indiana University Press, 2006), 104-106. [103] Jason Edward Kaufman, Nazi Association of Collection Not Relevant Says Founder of New Museum, The Art Newspaper, issue 186, January 12, 2007. Grohmann strongly refutes these wage claims as little more than union propaganda. and [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. [13] Hitler and the Nazis viewed the fertile and resource-rich territories to the east, especially Poland and Russia, as the ideal area to achieve their goal of Lebensraum, or living space, for the new German Reich. Sometimes Eckhart goes by various nicknames including Eckhar Grohmann, Eckhardt Grohmann and Eckhart G Grohmann. [66] On January 5 and 6, 1995, ACE/CO workers very narrowly voted to join the UE union, 193 to 183 votes. According to the Milwaukee Journal, the county medical examiners report indicated that other workers had complained that the same machine had problems the year before. 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. . 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. He settled in Milwaukee, Wisconsina city known for the names of its German industries and its German cultural heritageand gained immediate entry into the citys well-established business and social networks. [67] Milwaukee Journal Sentinel, January 7, 1995, News section, 8. You might contact Eckhart G Grohmann via mailing address: Aluminum Casting & Engineering Co., 2039 South Lenox Street, Milwaukee Wi 53207-1209. About The Grohmann Museum. [57] Wrights Milwaukee City Directory, 1990 (Milwaukee: Wright Directory Co., 1990), 531. egrohmann@netzero.net. Man at Work: 400 Years in Paintings and Bronzes [Klaus Turk, Eckhart Grohmann] on Amazon.com. 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. 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. While his endeavors required a great deal of hard work and resilience, his success in these ventures was largely assisted by some distinct advantages. 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. [91] Bev Bennett, Cooking Teachers Put Lessons to Work, Soup Business Thrives on Friendship, Chicago Sun Times, February 19, 1987, Food, 12. His familys fortitude in the face of the tumultuous challenges posed by the Second World War certainly inspired and informed Grohmanns ability to overcome the significant difficulties he encountered establishing a successful enterprise in the midst of a global financial crisis and urban social and economic restructuring.
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