In late 1974, Grohmann acquired the Lawran Foundry Company from Lawrence J. Andresa sand casting operation located on Milwaukees south side. [84] Eckhart and Carole were first listed as married in Wrights Milwaukee City Directory in 1963. 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. The German-born president of the Milwaukee Aluminum Casting & Engineering Company recently donated nearly 450 paintings and sculptures to the Milwaukee. by Thomas J. Jablonsky (Milwaukee: Marquette University Press, 2005), 243. 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. We know that Eckhart is married at this point. Home to the world's most comprehensive art collection dedicated to the evolution of human work. [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). BETA CAST, INC. is a Wisconsin Domestic Business Corporation filed on June 10, 1965. [27] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. ; 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. [56] The Lawran facility remained a significant part of ACE/COs operations until it was sold to Thomas Woehke in 1990. [50], Despite this extraordinary growth, ACE/CO experienced significant setbacks in the economic recessions of 1970 and 1976. [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. 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. I love the picture because I went to school close to the village of Willingshausen, between Frankfurt and Kassel, where Ludwig Knaus and many other nineteenth-century German painters studied. Above is the net worth, insider trading, and ownership report for Eckhart G Grohmann. 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. [54] Wrights Milwaukee City Directory, 1975 (Milwaukee: Wright Directory Co., 1975); Wrights Milwaukee City Directory, 1976 (Milwaukee: Wright Directory Co., 1976), 563. 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. What is Eckhart G Grohmann's current address? Grohmann had befriended Bauer F. Bullinger, a former Milwaukee County administrator and partner with the Milwaukee law firm Houghton, Bullinger, and Nehs. , 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. [100] Grohmann, Introduction, in Trk, 6. [20] Grohmann, interview, November 28, 2012. [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. Art. [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. 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. Sign up in seconds, it's free! Over the past 18 months, purchase Gert maintains relationships with many people -- family, friends, associates, & neighbors -- including Christine Grohmann, Eckhart Grohmann, Thomas Grohmann, Carole Grohmann and Cathy Haman. Green . [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. Written by Joe Walzer, University of Wisconsin-Milwaukee Introduction GuruFocus.com is not operated by a broker or a dealer. 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. In 2000, the work came up at a Sothebys auction, and I realized that was my Dance Under the Linden Tree [a work by Knaus in the Museums collection], and I had to buy it. by Neil Gregor, Nils Roemer, and Mark Roseman (Bloomington and Indianapolis: Indiana University Press, 2006), 104-106. [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. [89] Hagen, Milwaukee Journal, December 19, 1981, 1-2. Orion Energy Systems Inc is a developer, manufacturer, and seller of lighting and energy management systems. However, an NLRB review later determined that ACE/CO committed several unfair labor practices at the time of the election, including denying workers their annual wage increase, giving preferential treatment to anti-union workers, and expressing its ambition to do everything possible to remain union-free in its employee handbookwords allegedly repeated by Grohmann himself in the heat of a later election campaign. The Grohmann Museum at MSOE is named in his honor. [40] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Grohmann, interview, November 28, 2012. [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. purchase Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Currently, Gert is married. [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. Eckhart currently resides at N Prospect Ave in Milwaukee, . [23] This relocation was certainly a monumental blow to both the family and the W. Thust corporation. [47] After careful study, the Sentinel reported, Grohmann came to the conclusion that the firms future lay in producing the largest aluminum castings available, ones which competitors, because of technological or financial deficiencies, were unable to produce.[48] By adding more equipment and expanding his facilitys size to accommodate this specialized production, Grohmann had built ACE/CO from a $1,000,000 in sales a year operation when he acquired it in 1965 ($6,910,000 in 2010 USD value), to a more than $12,000,000 in sales a year operation ten years later ($48,600,000 in 2010 USD). After a long court battle, this fine was eventually cut down to a $3,500 settlement ($5,150 in 2010 USD) that downgraded ACE/COs violations to OSHAs less critical serious category. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Based on ownership reports from SEC filings, as the reporting owner, Eckhart G Grohmann owns 1 companies in total, including [52] Grohmann quoted in Stafford, Milwaukee Sentinel, January 12, 1976, 9. [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. 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. [70] Regardless of ACE/COs relationship with its unions and workers, however, Grohmann successfully grew the firm into a major employer in Milwaukee, building it from a small foundry of 35 employees to a company ten times that size when he sold the business [to Diversified Machine Incorporated] in [December] 2007.[71] Grohmann explained in 2012 that the automobile industryhis primary clientshad become especially difficult to remain solvent by the late 2000s, and, since his children were not interested in pursuing the business, he decided to sell ACE/CO and focus more on his other existing business interests. Eckhart G Grohmann made [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. This investment adviser does not provide advice to individual investors. [62] Davis, 24. 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). Grohmann was already a member of the entrepreneurial class in Germany. 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. [11] Judith H. Dobrzynski, Love of Labor, Labor of Love: Mr. Grohmanns New Museum, The Wall Street Journal, January 3, 2008, B11. [15] Paul B. Jaskot, The Architecture of Oppression: The SS, Forced Labor and the Nazi Monumental Building Economy (London and New York: Routledge, 2000), 3. [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. 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. Everything she said was interesting. 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. [98] Grohmann, Introduction, in Trk, 6; Schumacher, Milwaukee Journal Sentinel, October 25, 2007, E1. [66] National Labor Relations Board v Aluminum Casting Engineering Co., Inc., No. In his words, the sale was a logical step to retirement.[72], While ACE/CO and his other aluminum investments remained his foremost business concern for over forty-two years, Grohmann entered into other, unrelated ventures as well. [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. 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 [97], Besides his financial support, Grohmann also made a contribution to MSOE that was much more personal in nature: his extensive private art collection. [9] Mary Louise Schumacher, A Working Tribute, Review, Milwaukee Journal Sentinel, October 25, 2007, E1. Median net worth; Average net worth; Top 1% net worth; Of these, median net worth is the most important statistic. Executive Vice President J Per Brodin When the volume went up, we were ready.[52] And expand he did. The painting was first shown, in Paris, in 1859 and was extremely well received. You might contact Eckhart G Grohmann via mailing address: Aluminum Casting & Engineering Co., 2039 South Lenox Street, Milwaukee Wi 53207-1209. No Available Data Eckhart G Grohmann Mailing Address Above is the net worth, insider trading, and ownership report for Eckhart G Grohmann. [36] Note in Anke Ortlepp, Deutsch-Athen Revisited: Writing the History of Germans in Milwaukee, in Perspectives on Milwaukees Past, ed. purchase ACE/CO had indeed dropped the flat across-the-board annual wage increase, but did so in favor of a merit pay system that he argued had better rewarded hard work. Founded in 1878, the Weisel Sausage Company was deeply rooted in Milwaukees German heritage as the oldest sausage-making firm in the city, as well as one of the big three ethnic sausage makers in the United States. [73] Grohmann, interview, December 1, 2012. 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. And they loved me, too. [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. Disclaimer: Visitor traffic is tracked using Google Analytics, 2010 - 2023 German Historical Institute |, http://www.immigrantentrepreneurship.org/entries/eckhart-g-grohmann/, Joe Walzer, University of Wisconsin-Milwaukee, The Collector: Dr. Eckhart Grohmann, Collector and Donor, Medical College of Wisconsin Advisory Boards, From the Postwar Boom to Global Capitalism, 1945-Today. of 25,908 shares made by Michael H Jenkins [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. [53] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Lawrence John Laurie Andres, Death Notice, Milwaukee Journal Sentinel, February 25, 2007. [87] The Grohmanns Lake Drive home was well known for its elaborate Christmas displays, a tradition that was started by Caroles late mother. Portrait of Dr. Eckhart G. Grohmann. Executive Vice President Scott A. Milwaukee, WI, is where Eckhart Grohmann lives today. 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. The most active insiders traders include Kenneth M Young, John H Scribante et Scott A. [86] Wrights Milwaukee City Directory, 1966 (Milwaukee: Wright Directory Co., 1966), 534. 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. It, again, was a six-digit pound figure, which the gallery might get for a Kryer, but I told the guy that hed likely never get that money. 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 The following information is provided for citations. [46], While other firms left Milwaukee for greener pastures, Grohmann approached these challenges as opportunities to build his business, deciding to not only endure these transformations, but to also use them to his advantage. Oct 23rd, 2017 by Jeramey Jannene a net He also provided the funds to purchase, renovate and operate the museum that bears his name. [66] On January 5 and 6, 1995, ACE/CO workers very narrowly voted to join the UE union, 193 to 183 votes. I loved to watch the guys, Grohmann noted in a 2008 interview. purchase 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. [13] Chu, Volksgemeinschaften Unter Sich, 114-121; Richard Bessel, The Nazi Capture of Power, Journal of Contemporary History 39, no. The most active insiders traders include Kenneth M Young, John H Scribante et Scott A. 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. According to Grohmann, he began searching for artwork depicting industry and individual workers and craftsmen in their workplaces in the 1960s. [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. Although Grohmanns background might be characterized as being rather privileged, it was undoubtedly quite turbulent as well. 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. 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, Stocks and cryptocurrency portfolio tracker. People dont hang a smithy [blacksmith] in their bedroom or dining room, but maybe because of the name, he might get it. . [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. , [35] As Anke Ortlepp notes, however, German immigrants made up a dominant portion of the city as the percentage of people with German background remained well over half the citys population through the early twentieth century. of 25,000 shares made by Michael W Altschaefl [93] Eckhart and Carole Grohmann were divorced in 1982. [95] Romell, Milwaukee Journal Sentinel, November 22, 2004; Athletics Department, Dr. 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 . Orion Energy Systems Inc (OESX)'s detailed insider trading history can be found in Insider Trading Tracker table. 99-4187, US Court of Appeals (7th Cir. 2000). The company has 1 contact on record. [71] Grohmann Museum, The Collector: Dr. Eckhart Grohmann, Collector and Donor, Grohmann Museum, Milwaukee School of Engineering, (accessed February 12, 2013). 1 (March, 1914), 114; Eckhart G. Grohmann, interview by the author, Milwaukee, Wisconsin, November 28, 2012. [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. Carole and her three children began decorating their home in late November every year. [90] Hagen, Milwaukee Journal, December 19, 1981, 2. 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. [62] On March 16, 1993, a pressurized tank exploded on the shop floor, fatally injuring forty-eight-year-old Prentiss Triplett. On average, Orion Systems Inc executives and independent directors trade stock every 33 days with the average trade being worth of $30,322. 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. It is a totally subject-oriented collection for the purpose of teaching at the technical university. Eckhart Grohmann has collected art since the 1960s. To achieve his success, Grohmann had to work hard, and he appreciated art that reflected that ethic. Currently, Eckhart is married. In addition to these internal, organizational problems, Grohmann faced broader challenges to his ACE/CO investment as well. Biography. It was then shown in Vienna and Cologne in 1864. Found in the collection of Eckhart G. Grohmann Collection. [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. His debut book, 'The Power of Now,' is his most well-known work. [7] It was at the Thust works, for instance, that Grohmann asserts he learned the value of hard work. [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. Watch the guys, Grohmann had to work hard, and ownership report for Eckhart G Grohmann mailing! Get an auction catalog and theres my picture certainly a monumental blow to both family... Turbulent as well know that Eckhart is married at this point Lawrence J. Andresa sand Casting located. 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