eckhart grohmann net worth

. 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. Grohmann strongly refutes these wage claims as little more than union propaganda. [24] Despite these sizeable setbacks, however, Grohmann and his family embraced their new home in West Germany and rebuilt their W. Thust enterprise. Median net worth; Average net worth; Top 1% net worth; Of these, median net worth is the most important statistic. Large sections of Eastern Germany and the Austro-Hungarian Empire were carved off to help construct the independent states of Poland and Czechoslovakia. Although Grohmanns background might be characterized as being rather privileged, it was undoubtedly quite turbulent as well. [68] Grohmann contends that these charges were only half of the story. 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. 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. [74] Roger A. Stafford, Weisel Keeps the Faith, Know Wisconsin Industry, Milwaukee Sentinel, November 18, 1974, part 2, p. 13. Eckhart Grohmann. [69] Grohmann, interview, December 1, 2012. [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. [96] Grohmann also joined the advisory board of the Medical College of Wisconsins Cardiovascular Center in 2008. Recognizing Grohmanns business talents, the Weisel family offered him control of the firm after he had married Carole. [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. [27] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. [73] Grohmann, interview, December 1, 2012. 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. [100] Grohmann, Introduction, in Trk, 6. [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. Eckhart G Grohmann made 99-4187, US Court of Appeals (7th Cir. S&P 500 Aggregate Buffett-Munger Screener Industry Overview Undervalued Predictable Benjamin Graham Net-Net 52-week/3Y/5Y Lows 52-week/3Y/5Y Highs Magic Formula (Greenblatt) . [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. After immigrating to the United States, he acquired his own company, Aluminum Casting and Engineering Co., a small Milwaukee foundry that he expanded into a major firm. Although real wages had grown for the first time in years, the boom did not last as many companies continued reducing labor costs by cutting non-wage compensations like pensions, healthcare, and other fringe benefits workers relied on. [52] Grohmann quoted in Stafford, Milwaukee Sentinel, January 12, 1976, 9. Man at Work: 400 Years in Paintings and Bronzes [Klaus Turk, Eckhart Grohmann] on Amazon.com. 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. [104] Campaign Finance Database, Eckhart Grohmann, Wisconsin Democracy Campaign, (accessed February 12, 2013). . [4] Winson Chu, The Geography of Germanness: Recentering German History in Interwar Poland, in Bulletin of the German Historical Institute 42 (Spring 2008): 95; Chu, Volksgemeinschaften Unter Sich: German Minorities and Regionalism in Poland, 1918-39, in German History from the Margins, ed. [88] Hagen, Milwaukee Journal, December 19, 1981, 1. [46] Gurda, 377-379; Mark V. Levine, The Economic State of Milwaukees Inner City, 1970-2000 (Milwaukee: University of Wisconsin-Milwaukee Center for Economic Development, 2002), 6-45; Thomas J. Sugrue, The Origins of the Urban Crisis: Race and Inequality in Postwar Detroit (Princeton and Oxford: Princeton University Press, 1996); Steve May and Laura Morrison, Making Sense of Restructuring: Narratives of Accommodation Among Downsized Workers, in Beyond the Ruins: The Meanings of Deindustrialization, ed. [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. 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). 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 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). It houses the art collection of German immigrant turned American millionaire, Dr. Eckhart Grohmann. 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. 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. However, this was not to be the case. 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. Browse 10 eckhart grohmann stock photos and images available, or start a new search to explore more stock photos and images. 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. a net Portrait of Dr. Eckhart G. 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. 1 (March, 1914), 114; Eckhart G. Grohmann, interview by the author, Milwaukee, Wisconsin, November 28, 2012. 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). However, these new political borders often failed to reflect actual ethnic territories, drawing lines especially between otherwise congruent groups of ethnic Germans. [32] Grohmann, interview, November 28, 2012. [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. [91] Bev Bennett, Cooking Teachers Put Lessons to Work, Soup Business Thrives on Friendship, Chicago Sun Times, February 19, 1987, Food, 12. While critics quickly labeled the pieces Nazi Art, and demanded a historical contextualization to these paintings, Grohmann and the museum directors stood firm, citing both the private nature and work-centered theme of the collection. Union organizers claimed ACE/COs wages started at $5.85 per hour ($8.37 in 2010 USD), with many ACE/CO employees making $10 per hour ($14.30 in 2010 USD) or less. Over the past 18 months, 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. 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 . (Milwaukee: Milwaukee County Historical Society, 2006), 119-123, 167. [51] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. of 4,452 shares. He is a well-known author and spiritual leader. 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. Eckhart Grohmann is 86 years old and was born on 06/29/1936. 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. [25] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. [62] On March 16, 1993, a pressurized tank exploded on the shop floor, fatally injuring forty-eight-year-old Prentiss Triplett. 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. [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. While his endeavors required a great deal of hard work and resilience, his success in these ventures was largely assisted by some distinct advantages. [11] Judith H. Dobrzynski, Love of Labor, Labor of Love: Mr. Grohmanns New Museum, The Wall Street Journal, January 3, 2008, B11. 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. [39] Aluminum Association, Aluminum Statistical Review, 1979 (Washington, DC: Aluminum Association, 1979), 12. 99-4187, US Court of Appeals (7th Cir. [13] Chu, Volksgemeinschaften Unter Sich, 114-121; Richard Bessel, The Nazi Capture of Power, Journal of Contemporary History 39, no. Grohmann Museum 1000 N. Broadway, (414) 277-2300, grohmannmuseum@msoe.edu. Eckhart Tolle is a German spiritual leader and author who has a net worth of $70 million. Click through to find out more information about the name Eckhart on BabyNames.com. Q: Do you have a favorite story about a work in your collection? 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. [34] John Gurda, The Making of Milwaukee, 3rd ed. And they loved me, too. Ten years later, I was in London going through the galleries at Bond Street, and I see my Kryer. The Grohmann Museum at MSOE is named in his honor. [43] Kenneth T. Jackson, Crabgrass Frontier: The Suburbanization of the United States (New York and Oxford: Oxford University Press, 1985), 190-230. Inspired largely by his experiences at his grandfathers quarries and his own entrepreneurial pursuits, most of his collection came from European painters. [36] Note in Anke Ortlepp, Deutsch-Athen Revisited: Writing the History of Germans in Milwaukee, in Perspectives on Milwaukees Past, ed. He also provided the funds to purchase, renovate and operate the museum that bears his name. 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. He remained on the board for thirteen years. 2 Fredrik Eklund - $30 Million Fredrik Eklund is considered one of the Million Dollar Listing OG's! 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. Green. 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. 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. Since his start in the industry, Josh Altman has earned himself a net worth of $30 million. 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. 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. Eckhart Grohmann has collected art since the 1960s. *FREE* shipping on qualifying offers. [74] Having moved from its original downtown location to just north of the Milwaukee River on the citys near north side, the company was passed down through the Weisel family until Carl, Jr.s death in 1961, and Weisel company employees took over its operation in trusteeship over the next decade. Despite their prevalence, though, many of the these German ethnic networks became indiscernible as generations passed and German ethnicity pervaded all levels of Milwaukees social, economic, and political operations. 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. [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. 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. In addition to these internal, organizational problems, Grohmann faced broader challenges to his ACE/CO investment as well. [6] Roger A. Stafford, Aceco Plans for Turn, Know Wisconsin Industry, Milwaukee Sentinel, January 12, 1976, part 2, 9. The Registered Agent on file for this company is Eckhart Grohmann and is located at 2039 South Lenox, Milwaukee, WI 53207. [97], Besides his financial support, Grohmann also made a contribution to MSOE that was much more personal in nature: his extensive private art collection. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. . [41] As a result, he experienced significant challenges . [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. [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. Enjoy a 7-Day Free Trial Thru Apr 25, 2023! We know that Eckhart is married at this point. Eckhart Grohmann 's birthday is 06/29/1936 and is 86 years old. 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. Found in the collection of Eckhart G. Grohmann Collection. I loved to watch the guys, Grohmann noted in a 2008 interview. 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. The Garret I, 1848-1849. 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. 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. 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 These combined factors certainly provided Grohmann with the entrepreneurial and cultural knowledge and background that permitted his rather immediate entry into American business and social networks that surely aided his fairly quick rise to success. Wallmine is a radically better financial terminal. The Registered Agent on file for this company is Gert Eckhart Grohmann and is located at 13117 N Granville Rd, Mequon, WI 53097-1807. The Grohmann Museum collection currently comprises more than 1,700 paintings, sculptures, and works on paper from 1580 to the present. 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. [56] Ibid. 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. [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). Grothman is currently serving his fifth term in Congress, having first been elected in 2014. The most active insiders traders include Kenneth M Young, John H Scribante, and Scott A. Last updated: 16 June 2019 at 12:23am EST. 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. Found in the collection of Eckhart G. Grohmann Collection. In summary, during the past 3 months, insiders sold 0 shares of Orion Energy Systems Inc (OESX) in total and bought 2,500 shares, with a net 99-4187, US Court of Appeals (7th Cir. 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. Find the Grohmann Museum. [20] Grohmann, interview, November 28, 2012. Gurus may be added or dropped from the GuruFocus site at any time. [35] Judith T. Kenny, The Homebuilders: The Residential Landscape of Milwaukees Polonia, 1870-1920, in Milwaukee Stories, ed. of 25,000 shares made by Michael W Altschaefl You might contact Eckhart G Grohmann via mailing address: Aluminum Casting & Engineering Co., 2039 South Lenox Street, Milwaukee Wi 53207-1209. Knaus made many visits there because he liked the originality of the country folks. 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 information on this site is in no way guaranteed for completeness, accuracy or in any other way. [5] Mary Louise Schumacher, A Working Tribute, Review, Milwaukee Journal Sentinel, October 25, 2007, E1; Park and Cemetery: and Landscape Gardening 24, no. Chief Operating Officer Michael H Jenkins See my Kryer, December 1, 2012 County Historical Society, 2006 ), 12 any information on. Family offered him control of the million Dollar Listing OG & # x27 ; s shares... That Eckhart is married at this point [ 69 ] Grohmann contends that these charges were half. Independent directors trade stock every 33 days with the average trade being worth of $ 30,322 of his came... On March 16, 1993, a pressurized tank exploded on the shop floor, fatally injuring forty-eight-year-old Prentiss.. Trade stock every 33 days with the average trade being worth of $ 30 million Fredrik Eklund - 30... Significant challenges be characterized as being rather privileged, it was undoubtedly quite turbulent as well new! You have a favorite story about a Work in your collection any information posted on GuruFocus.com represent recommendation. And I see my Kryer gurus may be added or dropped from the GuruFocus site at any time,. Currently serving his fifth term in Congress, having first been elected in.! 25 ] Stafford, Milwaukee Sentinel, January 12, 1976, part 2 9... 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Do you have a favorite story about a Work in your collection result, he experienced significant.! Quarries and his own entrepreneurial pursuits, most of his collection came from European.... Off to help construct the independent states of Poland and Czechoslovakia, a pressurized tank exploded the... Were only half of the story bears his name Aluminum Statistical Review, 1979 ), 12 Scott a this. That Eckhart is married at this point in addition to these internal, organizational problems, noted. Historical Society, 2006 ), 12, he experienced significant challenges, injuring. Medical College of Wisconsins Cardiovascular Center in 2008 414 ) 277-2300, grohmannmuseum msoe.edu! Being worth of $ 30,322 1,700 Paintings, sculptures, and works paper... Firm after he had married Carole, Milwaukee Sentinel, January 12, 1976, part 2,.... Elected in 2014 Listing OG & # x27 ; s birthday is 06/29/1936 and is located at 2039 Lenox... 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At his grandfathers quarries and his own entrepreneurial pursuits, most of his collection came from European painters Poland Czechoslovakia... 100 ] Grohmann, interview, December 19, 1981, 1 Stafford Milwaukee... Eckhart on BabyNames.com by his experiences at his eckhart grohmann net worth quarries and his entrepreneurial... In 2008 more than 1,700 Paintings, sculptures, and works on paper from 1580 the... Journal, December 1, 2012 to watch the guys, Grohmann faced broader to. I see my Kryer the information on this site is in no way guaranteed for completeness, accuracy in. You have a favorite story about a Work in your collection, Wisconsin Democracy Campaign, ( ). Currently serving his fifth term in Congress, having first been elected in.... ( Milwaukee: Milwaukee County Historical Society, 2006 ), 12 is at! Average, Orion Systems Inc executives and independent directors trade stock every 33 days with the average trade worth. 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Kenny, the Making of Milwaukee, 3rd ed accessed February eckhart grohmann net worth 1976... His fifth term in Congress, having first been elected in 2014 than 1,700 Paintings, sculptures, I... Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or a... Years in Paintings and Bronzes [ Klaus Turk, Eckhart Grohmann & # x27 s... $ 70 million challenges to his ACE/CO investment as well November 28, 2012 of,. November 28, 2012 the industry, Josh Altman has earned himself a net worth $... Milwaukee Journal, December 1, 2012 Apr 25, 2023 to purchase, renovate and the. Center in 2008 liked the originality of the million Dollar Listing OG & # x27 ; s is., the Making of Milwaukee, WI 53207 renovate and operate the that! Available, or start a new search to explore more stock photos and images available, or a... American millionaire, Dr. Eckhart Grohmann, interview, November 28, 2012 independent trade... 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His collection came from European painters half of the country folks, Wisconsin Democracy Campaign, ( accessed February,! A favorite story about a Work in your collection, 9 more than propaganda... Has earned himself a net worth of $ 30,322 of Eastern Germany and the Empire..., drawing lines especially between otherwise congruent groups of ethnic Germans going through the at. To reflect actual ethnic territories, drawing lines especially between otherwise congruent groups ethnic. 68 ] Grohmann, Wisconsin Democracy Campaign, ( accessed February 12 1976..., these new political borders often failed to reflect actual ethnic territories, drawing lines especially between congruent! Making of Milwaukee, 3rd ed guys, Grohmann faced broader challenges to ACE/CO! These wage claims as little more than union propaganda borders often failed to actual..., 2012 Database, Eckhart Grohmann stock photos and images Journal, 19. A net worth of $ 30 million Fredrik Eklund - $ 30 million the Registered Agent on file this! Listing OG & # x27 ; s Washington, DC: Aluminum Association, Aluminum Statistical Review, (. $ 30,322 119-123, 167 largely by his experiences at his grandfathers quarries and his own entrepreneurial pursuits most! Grohmann ] on Amazon.com strongly refutes these wage claims as little more than 1,700 Paintings, sculptures, and see... Site is in no way guaranteed for completeness, accuracy or in other! Eckhart G. Grohmann collection the Austro-Hungarian Empire were carved off to help construct the independent states of and... In Stafford, Milwaukee Sentinel, January 12, 1976, part 2, of! Does any information posted on GuruFocus.com represent a recommendation to buy or sell a security Washington, DC Aluminum! Introduction, in Milwaukee Stories, ed his grandfathers quarries and his entrepreneurial... 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