Having amassed significant wealth as a versatile business leader, Grohmann also reinvested in the city, becoming a booster of private higher education in Milwaukee and a contributor to the citys arts community through his Man at Work Collection at MSOEs Grohmann Museum. The most active insiders traders include Kenneth M Young, John H Scribante, and Scott A. Four-story academic building to be funded by largest alumni gift in school history. 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. The name Eckhart is primarily a male name of German origin that means Edge, Brave. Eckhart Grohmann thinks differently. [51] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. Past performance is a poor indicator of future performance. Grohmann was already a member of the entrepreneurial class in Germany. [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. Molten metal accidents leave scars on hands and bodies. (Milwaukee: Milwaukee County Historical Society, 2006), 119-123, 167. purchase Industrial and technology giant Honeywell International Incorporated purchased HomMed in 2004 for $128 million ($148 million in 2010 USD), making it Honeywell HomMed, which still operates out of Brookfield, Wisconsin, to this day. Gert has a reported annual income of $100 - 149,999 and a current net worth value of greater than $250,000 - $499,999. However, this was not to be the case. Aaron Eckhart is an American actor who works in movies and on the stage. Chief Operating Officer Michael H Jenkins 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. Carole and her three children began decorating their home in late November every year. [100] Grohmann, Introduction, in Trk, 6. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. To achieve his success, Grohmann had to work hard, and he appreciated art that reflected that ethic. [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. . [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 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. Although well steeped in the workings of business administration, Grohmann was not experienced in the operation and management of an aluminum foundry. 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. 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. 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. [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. [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. *FREE* shipping on qualifying offers. [7] It was at the Thust works, for instance, that Grohmann asserts he learned the value of hard work. a net [90] Hagen, Milwaukee Journal, December 19, 1981, 2. Portrait of Dr. Eckhart G. Grohmann. [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. 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. The Garret I, 1848-1849. People dont hang a smithy [blacksmith] in their bedroom or dining room, but maybe because of the name, he might get it. [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. You might contact Eckhart G Grohmann via mailing address: Aluminum Casting & Engineering Co., 2039 South Lenox Street, Milwaukee Wi 53207-1209. 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. [62] Davis, 24. Browse 10 eckhart grohmann stock photos and images available, or start a new search to explore more stock photos and images. [53] Both a major competitor and customer of ACE/CO, Lawran was the leading producer of giant aluminum castings in the United States, producing pieces of up to fifteen thousand poundscertainly making it an appealing investment for Grohmann. This investment adviser does not provide advice to individual investors. The OSG segment develops and sells lighting products and provides construction and engineering services for our commercial lighting and energy management system. Click here to see the complete history of Eckhart G Grohmanns form 4 insider trades. 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. Knaus made many visits there because he liked the originality of the country folks. [86] Wrights Milwaukee City Directory, 1966 (Milwaukee: Wright Directory Co., 1966), 534. For 120 years, the original paintings location was unknown, and all that existed were black-and-white lithographs. [62] On March 16, 1993, a pressurized tank exploded on the shop floor, fatally injuring forty-eight-year-old Prentiss Triplett. We know that Eckhart is married at this point. 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. Find the Grohmann Museum. Aaron was born in California, but he moved to England when he was only 13 years old. 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. He settled in Milwaukee, Wisconsina city known for its historically high concentrations of German immigrants and their descendants. [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. [83] Grohmann, interview, November 28, 2012. [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. [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. Eckhart Grohmann 's birthday is 06/29/1936 and is 86 years old. [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. 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). Executive Vice President Scott A. 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. Eckhart G Grohmann made [63] Milwaukee Journal, April, 1992, Business section, 2. [96] Grohmann also joined the advisory board of the Medical College of Wisconsins Cardiovascular Center in 2008. [43] Kenneth T. Jackson, Crabgrass Frontier: The Suburbanization of the United States (New York and Oxford: Oxford University Press, 1985), 190-230. [50], Despite this extraordinary growth, ACE/CO experienced significant setbacks in the economic recessions of 1970 and 1976. Grohmann was already a member of the entrepreneurial class in Germany. In addition to these internal, organizational problems, Grohmann faced broader challenges to his ACE/CO investment as well. Sign up in seconds, it's free! 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). [70] National Labor Relations Board v Aluminum Casting Engineering Co., Inc., No. 2000). As a young boy, he recalls, I watched the tradesmen working in our family marble enterprise. In October 2017, the Grohmann Museum celebrated its 10th anniversary with a special black-tie gala. Grohmann asserted that he always paid workers prevailing wage in order to stay competitive in the labor market, but that ACE/CO also needed to remain competitive in the sales market, and he had established this system as a way to allow for both. and [56] Ibid. [93] Bennett, Chicago Sun Times, Food, 12; Carol Haddix, Wisconsin Becomes an Excellent New Sauce Source, Foodstuff, Chicago Tribune, November 6, 1986, F2. Recognizing Grohmanns business talents, the Weisel family offered him control of the firm after he had married Carole. [104] Campaign Finance Database, Eckhart Grohmann, Wisconsin Democracy Campaign, (accessed February 12, 2013). It houses the art collection of German immigrant turned American millionaire, Dr. Eckhart Grohmann. [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. [77] However, Grohmann limited his leadership role in the corporation, remaining only vice president and treasurerperhaps reflecting a desire to keep his attention on his ACE/CO foundry operations as he had with his interest in the Weisel Sausage Company. 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. [58] Judith H. Dobrzynski, Love of Labor, Labor of Love: Mr. Grohmanns New Museum, The Wall Street Journal, January 3, 2008, B11. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. and [2] Grohmann was already a member of the entrepreneurial class in Germany, and immigrated to the United States partly to achieve greater access to industrial management positions and entrepreneurial capital than he could attain in Germany. [61] Ibid. [94] Grohmann Museum, The Collector: Dr. Eckhart Grohmann, Collector and Donor, Milwaukee School of Engineering, (accessed February 12, 2013). The following information is provided for citations. Margo Anderson and Victor Greene (Urbana: University of Illinois Press, 2009), 124. 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. ; 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. [97], Besides his financial support, Grohmann also made a contribution to MSOE that was much more personal in nature: his extensive private art collection. [65] Milwaukee Journal, May 9, 1994, C7; Grohmann, interview, December 1, 2012. The company's filing status is listed as Merged (Non-Survivor) and its File Number is 1B09704. The Grohmann Museum at MSOE is named in his honor. 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. [96] Grohmann Museum, The Collector: Dr. Eckhart Grohmann, Collector and Donor, Milwaukee School of Engineering, (accessed February 12, 2013). Eckhart's mailing address filed with the SEC is ALUMINUM CASTING & ENG., CO.,, 2039 S. LENOX ST., MILWAUKEE, WI, 53207-1209. 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. Orion Energy Systems Inc (OESX) [81] Romell, Milwaukee Journal Sentinel, November 22, 2004. Eckhart Grohmann is 86 years old and was born on 06/29/1936. 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 [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. [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. Grohmann Eckhart G Net Worth 2022 and insider trades. (Baltimore and London: Johns Hopkins University Press, 2002), 240-243. 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. All Rights Reserved. [56] The Lawran facility remained a significant part of ACE/COs operations until it was sold to Thomas Woehke in 1990. [41] Grohmann, interview, November 28, 2012. [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. Grohmann strongly refutes these wage claims as little more than union propaganda. We had fun together.[91] Exhibiting entrepreneurial ambition of their own, Carole Grohmann and Jane Hootkin turned their friendship into a business partnership, creating a cooking school called Le Bec Fin. Eckhart G Grohmann Net Worth What's Eckhart Grohmann's mailing address? Needing more sales experience as part of his training, the president of the companys Wisconsin branch requested that Grohmann join their team in Milwaukee. [64] Grohmann, interview with the author, December 1, 2012. Eckhart Grohmann has collected art since the 1960s. 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. 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. [59] Robert H. Zieger and Gilbert J. Gall, American Workers, American Unions: The Twentieth Century, 3rd ed. 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. 99-4187, US Court of Appeals (7th Cir. Inspired largely by his experiences at his grandfathers quarries and his own entrepreneurial pursuits, most of his collection came from European painters. 2 Fredrik Eklund - $30 Million Fredrik Eklund is considered one of the Million Dollar Listing OG's! 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 . [39] Aluminum Association, Aluminum Statistical Review, 1979 (Washington, DC: Aluminum Association, 1979), 12. [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. [73] Grohmann, interview, December 1, 2012. 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). After immigrating to the United States, he acquired his own company, Aluminum Casting and . Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The most active insiders traders include Kenneth M Young, John H Scribante, and Scott A. Silesia was also a significant rock-quarrying regionan industry in which Grohmanns family had built a notable and extensive enterprise. [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. However, these new political borders often failed to reflect actual ethnic territories, drawing lines especially between otherwise congruent groups of ethnic Germans. . 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). The Registered Agent on file for this company is Eckhart Grohmann and is located at 2039 South Lenox, Milwaukee, WI 53207. of 2,500 shares. 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. 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. 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. [103] Jason Edward Kaufman, Nazi Association of Collection Not Relevant Says Founder of New Museum, The Art Newspaper, issue 186, January 12, 2007. Other names that Eckhart uses includes Eckhar Grohmann, Eckhardt Grohmann and Eckhart G Grohmann. On average, Orion Systems Inc executives and independent directors trade stock every 33 days with the average trade being worth of $30,322. Back injuries and cut or amputated fingers are common. His family decided to move all of the processing equipment and machinery from these plants east to Silesia rather than leaving them idle in the west, expecting that the familys Silesia operations would remain safe during the war. Enjoy a 7-Day Free Trial Thru Apr 25, 2023! [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. [69] Grohmann, interview, December 1, 2012. 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. The most active insiders traders include Kenneth M Young, John H Scribante, and Scott A. That is, half of households in the United States have more net worth, and half less - average is . [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. I dont politicize pictures.[103], Aside from his anti-union stance, Grohmann has largely kept his political affiliations out of the public eye. 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. [40] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Grohmann, interview, November 28, 2012. 1 (March, 1914), 114; Eckhart G. Grohmann, interview by the author, Milwaukee, Wisconsin, November 28, 2012. The collection was donated to MSOE by Dr. Eckhart Grohmann, . [104] Grohmanns antipathy towards unions undoubtedly factored into his donations to the campaigns of Republican State Senators Scott Fitzgerald and Alberta Darling over the years, two key allies of Wisconsin Governor Scott Walkers statewide anti-union crusade after his election in 2010.[105]. no insider transaction in Orion Energy Systems Inc (OESX). [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. [89] Hagen, Milwaukee Journal, December 19, 1981, 1-2. 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 . . . [23] This relocation was certainly a monumental blow to both the family and the W. Thust corporation. Being Worth of $ 30,322 accidents leave scars on hands and bodies 65 ] Milwaukee Journal, 1. 16, 1993, a pressurized tank exploded on the shop floor, fatally forty-eight-year-old! 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