Although well steeped in the workings of business administration, Grohmann was not experienced in the operation and management of an aluminum foundry. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Eckhart Grohmann has collected art since the 1960s. purchase [81] Romell, Milwaukee Journal Sentinel, November 22, 2004. [38] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Aluminum Association, Aluminum Statistical Review, 1979 (Washington, DC: Aluminum Association, 1979), 12, 28. 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 . As a shrewd and successful immigrant entrepreneur, Grohmann was indeed a product of his life experiences. [23] Ibid. Grohmann accepted the position as president of the company, but, not wanting to take attention away from his interests at ACE/CO and hoping to get out of the perishable food industry, he hired Ronald Walser to run the business day-to-day operations. ; Milwaukee Journal Sentinel, June 4, 1995, Metro section, 2; Eckhart G. Grohmann, interview with author, December 1, 2012. [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. It houses the art collection of German immigrant turned American millionaire, Dr. Eckhart Grohmann. In the House of Representatives, Grothman serves on three committees, the House Committee on Education and Labor, the House Committee on Oversight and Reform . [100] Grohmann, Introduction, in Trk, 6. MSOE Unveils $34 Million Building. 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. It is named in honor of Eckhart Grohmann, a Milwaukee businessman and art collector who donated the "Man at Work" collection. Besides serving as a compelling addition to the litany of successful German immigrant entrepreneurs in United States history, Grohmanns story is extremely valuable to complicating our understanding of the dynamics of transnational migration in the realm of post-World War II global capitalism. Davis writes, The work at ACE/CO is dirty, heavy and hot, and the nauseating smell of chemicals permeates the air, the workers' clothing, and even the atmosphere around the plant. 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. His fame and wealth come from TV shows and movies where he has been performing for many years now. [32] After the exhibit was completed, Grohmann returned to DoALLs training department in Chicago. [3] Standard and Poors Corporation, Standard and Poors Register of Corporations, Directors and Executives, 1993, vol. Gert maintains relationships with many people -- family, friends, associates, & neighbors -- including Christine Grohmann, Eckhart Grohmann, Thomas Grohmann, Carole Grohmann and Cathy Haman. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. a net 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. purchase [51] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. [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. [69] Although the NLRB ordered the reversal of these practices, ACE/CO appealed this order, and fought these charges in court into the new century. Arrival of the Stagecoach, ca 1859. [63] Milwaukee Journal, April, 1992, Business section, 2. of 25,908 shares made by Michael H Jenkins The painting was first shown, in Paris, in 1859 and was extremely well received. Intended to preserve peace in the wake of the deadliest war the world had seen to date and limit the effects of ethnic nationalism, new national borders were delineated around ethnic territorial boundaries. [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 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. 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. [79] Ameritech Acquires Central Control Alarm, Milwaukee Journal Sentinel, May 19, 1997. Over the past 18 months, [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. [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. [48] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. Written by Joe Walzer, University of Wisconsin-Milwaukee Introduction The Grohmann Museum is named in honor of Dr. Eckhart Grohmann, an MSOE Regent, Milwaukee businessman and avid art collector, who donated his Man at Work art collection to MSOE in 2001 and subsequently the funds to purchase, renovate and operate the museum that bears his name. 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. In late 1974, Grohmann acquired the Lawran Foundry Company from Lawrence J. Andresa sand casting operation located on Milwaukees south side. [64] The Occupational Safety and Health Administration (OSHA) fined ACE/CO $55,000 ($83,000 in 2010 USD) for this and other serious incidents it had deemed as willful violations of labor safety regulations. [39] Aluminum Association, Aluminum Statistical Review, 1979 (Washington, DC: Aluminum Association, 1979), 12. It was gifted to MSOE in 2001 by Milwaukee businessman and collector Dr. Eckhart Grohmann. 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. [94] Grohmann and his second wife, Ischi, also made a substantial donation to the school, contributing to the building of their Kern athletic and fitness facility in downtown Milwaukee. 99-4187, US Court of Appeals (7th Cir. 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. On average, Orion Systems Inc executives and independent directors trade stock every 33 days with the average trade being worth of $30,322. [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. 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. Back injuries and cut or amputated fingers are common. [5] Mary Louise Schumacher, A Working Tribute, Review, Milwaukee Journal Sentinel, October 25, 2007, E1; Park and Cemetery: and Landscape Gardening 24, no. Indeed, Grohmann does not recognize Milwaukees German ethnic heritage and social networks as important factors in his entrepreneurial and social success, nor does he attribute much of his entrepreneurial abilities to his own German heritage. Stock quotes provided by InterActive Data. [33], Milwaukee was indeed a natural place for Grohmann to pursue his entrepreneurial development. Q: Do you have a favorite story about a work in your collection? Gert has a reported annual income of $100 - 149,999 and a current net worth value of greater than $250,000 - $499,999. The Grohmann Museum at MSOE is named in his honor. It is a totally subject-oriented collection for the purpose of teaching at the technical university. Median net worth; Average net worth; Top 1% net worth; Of these, median net worth is the most important statistic. Biography. [88] The most famous feature of the Grohmanns display, however, was a large, sprawling Hawthorn tree in the front yard that had each branch delicately wrapped in a total of twelve thousand tiny white lights. Recognizing Grohmanns business talents, the Weisel family offered him control of the firm after he had married Carole. 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. [92] Bennett, Chicago Sun Times, Food, 12. The Garret I, 1848-1849. Grothman is currently serving his fifth term in Congress, having first been elected in 2014. 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. 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. [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. Tolle published "The New York Times" bestseller "The Power of Now" in 1997, followed by "Practicing the . Inspired largely by his experiences at his grandfathers quarries and his own entrepreneurial pursuits, most of his collection came from European painters. [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). Green . 2000). Executive Vice President Scott A. [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. Grohmann had befriended Bauer F. Bullinger, a former Milwaukee County administrator and partner with the Milwaukee law firm Houghton, Bullinger, and Nehs. 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. Margo Anderson and Victor Greene (Urbana: University of Illinois Press, 2009), 124. [76] Gordon L. Randolph, Century Old Weisel Sausage Closed, Milwaukee Journal, part 2, 15; Wrights Milwaukee City Directory, 1979 (Milwaukee: Wright Directory Co., 1979), 1024. [49] Unless otherwise noted, all 2010 USD values calculated by using http://www.measuringworth.com/uscompare/ (accessed February 11, 2013). purchase [69] Grohmann, interview, December 1, 2012. of 4,500 shares made by Anthony L. Otten [43] Kenneth T. Jackson, Crabgrass Frontier: The Suburbanization of the United States (New York and Oxford: Oxford University Press, 1985), 190-230. Wallmine is a radically better financial terminal. Eckhart Grohmann has collected art since the 1960s. Based on ownership reports from SEC filings, as the reporting owner, Eckhart G Grohmann owns 1 companies in total, including [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. The German-born president of the Milwaukee Aluminum Casting & Engineering Company recently donated nearly 450 paintings and sculptures to the Milwaukee. [67] Milwaukee Journal Sentinel, January 7, 1995, News section, 8. Since his start in the industry, Josh Altman has earned himself a net worth of $30 million. Check Background Get Contact Info This Is Me - Edit Reputation & Background View All Public Private 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. 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 This investment adviser does not provide advice to individual investors. 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 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. 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. The name Eckhart is primarily a male name of German origin that means Edge, Brave. 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. Last updated: 16 June 2019 at 12:23am EST. Eckhart's mailing address filed with the SEC is ALUMINUM CASTING & ENG., CO.,, 2039 S. LENOX ST., MILWAUKEE, WI, 53207-1209. 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. [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. 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. [24] Philipp Ther and Ana Siljak, eds., Redrawing Nations. 2503 E Jarvis St, MILWAUKEE, WI 53211-2131 View Address Year Built: 1924 Bedrooms: 5 Baths: 5.00 Garage Size: 2 Property Lot Size: 5490 SF Building Area: 4101 Owner: gert e grohmann Tax Year: 2016 Tax Amount: $10981.15 Total Market Value: $385,000 +Edit Past Address 2503 E Jarvis St, Milwaukee, WI 53211 View Address +Edit Past Address Click through to find out more information about the name Eckhart on BabyNames.com. 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. The Grohmann Museum is named in honor of Dr. Eckhart Grohmann, an MSOE Regent, Milwaukee businessman and avid art collector, who donated this collection to MSOE in 2001. The most active insiders traders include Kenneth M Young, John H Scribante et Scott A. no insider transaction in Orion Energy Systems Inc (OESX). [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. [56] Ibid. Carole and her three children began decorating their home in late November every year. [66] On January 5 and 6, 1995, ACE/CO workers very narrowly voted to join the UE union, 193 to 183 votes. Four-story academic building to be funded by largest alumni gift in school history. [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. Perhaps this, too, was a product of his life experiences. After immigrating to the United States, he acquired his own company, Aluminum Casting and . Unlike most other art museums, however, the Grohmann Museums permanent exhibit contains the art collection of only one person, and arranges its motif around the subject of this artworkand not its aesthetic qualities. [29] His path to business success in the United States was facilitated with the passage of the 1952 McCarran-Walter Act that gave preference to highly skilled immigrants for entryespecially industrialists, exempting many of them from the quota system. Full Summary Currently, Eckhart is married. [75] Stafford, Milwaukee Sentinel, November 18, 1974, part 2, 13; Top Officer is Hired by Weisel, Milwaukee Journal, December 10, 1974, part 2, 16; Grohmann, interview, November 28, 2012. by Thomas J. Jablonsky (Milwaukee: Marquette University Press, 2005), 243. 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. [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). They started out in a relatively small home on Edgewood Avenue across the street from the University of Wisconsin-Milwaukee campus. [31] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Grohmann, interview, November 28, 2012. [61] Ibid. In addition to being an astute and successful entrepreneur, Eckhart Grohmann also became a major booster of private higher education in Milwaukee. [64] Grohmann, interview with the author, December 1, 2012. [103] Jason Edward Kaufman, Nazi Association of Collection Not Relevant Says Founder of New Museum, The Art Newspaper, issue 186, January 12, 2007. All Rights Reserved. Eckhart G Grohmann Net Worth What's Eckhart Grohmann's mailing address? by Neil Gregor, Nils Roemer, and Mark Roseman (Bloomington and Indianapolis: Indiana University Press, 2006), 104-106. The unit sends data over telephone lines and via wireless communications networks.[80] In six years, HomMed grew from a startup to a significant enterprise with 108 employees and $28 million in sales ($32,300,000 in 2010 USD), becoming a market leader for the device [it] sells.[81] Out of its seventy-five local investors, Peddicord held only an 18 percent stake in the company, with Grohmann and other investors holding 70 percent. [50] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Bluestone and Harrison, 6. And they loved me, too. [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. The gurus listed in this website are not affiliated with GuruFocus.com, LLC higher education in Milwaukee ] otherwise!, 1993, vol gurus listed in this website are not affiliated with GuruFocus.com LLC. Bennett, Chicago Sun Times, Food, 12 relatively small home on Edgewood Avenue across the from. 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