Milwaukee, WI, is where Eckhart Grohmann lives today. Eckhart Grohmann is 86 years old and was born on 06/29/1936. Oct 23rd, 2017 by Jeramey Jannene [95] As a thank you for his years of service, MSOE awarded Grohmann with an honorary Doctor of Engineering degree in 1999. 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. [6] Roger A. Stafford, Aceco Plans for Turn, Know Wisconsin Industry, Milwaukee Sentinel, January 12, 1976, part 2, 9. 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. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Portrait of Dr. Eckhart G. Grohmann. Stock quotes provided by InterActive Data. It houses the art collection of German immigrant turned American millionaire, Dr. Eckhart Grohmann. Past performance is a poor indicator of future performance. [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. [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. [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). [39] Aluminum Association, Aluminum Statistical Review, 1979 (Washington, DC: Aluminum Association, 1979), 12. The collection was donated to MSOE by Dr. Eckhart Grohmann, . a net Right now, Eckhart Grohmann lives in Milwaukee, WI. 2000). 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. 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. 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. [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. [43] Kenneth T. Jackson, Crabgrass Frontier: The Suburbanization of the United States (New York and Oxford: Oxford University Press, 1985), 190-230. Grohmann was already a member of the entrepreneurial class in Germany. [92] Bennett, Chicago Sun Times, Food, 12. a net Eckhart G Grohmann Net Worth What's Eckhart Grohmann's mailing address? As a shrewd and successful immigrant entrepreneur, Grohmann was indeed a product of his life experiences. About Aaron Edward Eckhart. [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. 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. Over the past 18 months, [41] As a result, he experienced significant challenges . Eckhart Grohmann 's birthday is 06/29/1936 and is 86 years old. by Thomas J. Jablonsky (Milwaukee: Marquette University Press, 2005), 243. [51] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. 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. Eckhart Grohmann has collected art since the 1960s. Eckhart G Grohmann Net Worth What's Eckhart Grohmann's mailing address? purchase Q: Do you have a favorite story about a work in your collection? 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). Glenn Grothman is the congressman for Wisconsin's 6th Congressional District. 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. 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). [33] Wrights Milwaukee City Directory, 1963 (Milwaukee: Wright Directory Co., 1963), 533; Wrights Milwaukee City Directory, 1964 (Milwaukee: Wright Directory Co., 1964). Art. [31] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9; Grohmann, interview, November 28, 2012. [63] Milwaukee Journal, April, 1992, Business section, 2. Although well steeped in the workings of business administration, Grohmann was not experienced in the operation and management of an aluminum foundry. 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. [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. Perhaps further testament to the prevalence of these networks is the short amount of time between Grohmanns immigration in 1962, and his marriage to Carole Weisel the daughter of a German sausage manufacturing family that had been established in Milwaukee for several generations. [90] Hagen, Milwaukee Journal, December 19, 1981, 2. BETA CAST, INC. is a Wisconsin Domestic Business Corporation filed on June 10, 1965. Other names that Eckhart uses includes Eckhar Grohmann, Eckhardt Grohmann and Eckhart G Grohmann. Grohmann Museum 1000 N. Broadway, (414) 277-2300, grohmannmuseum@msoe.edu. [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. If you have the time, it's definitely worth a visit to the museum. [5] Mary Louise Schumacher, A Working Tribute, Review, Milwaukee Journal Sentinel, October 25, 2007, E1; Park and Cemetery: and Landscape Gardening 24, no. 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. As a young boy, he recalls, I watched the tradesmen working in our family marble enterprise. [64] Grohmann, interview with the author, December 1, 2012. 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. 2 Fredrik Eklund - $30 Million Fredrik Eklund is considered one of the Million Dollar Listing OG's! 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. [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. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. [66] National Labor Relations Board v Aluminum Casting Engineering Co., Inc., No. [45] Bluestone and Harrison, 7-8; John R. Short, The Urban Order: An Introduction to Cities, Culture, and Power (Oxford: Wiley-Blackwell, 1996), 71-84, 89; Jefferson Cowie, Capital Moves: RCAs Seventy-Year Quest for Cheap Labor (New York: New Press, 1999), 1-11. That would be Severin Kryers Blacksmith, which came on the market in New York in the early 1970s. [93] Eckhart and Carole Grohmann were divorced in 1982. 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. 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. 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. Found in the collection of Eckhart G. Grohmann Collection. [81] Romell, Milwaukee Journal Sentinel, November 22, 2004. [62] On March 16, 1993, a pressurized tank exploded on the shop floor, fatally injuring forty-eight-year-old Prentiss Triplett. Eckhart's mailing address filed with the SEC is ALUMINUM CASTING & ENG., CO.,, 2039 S. LENOX ST., MILWAUKEE, WI, 53207-1209. [77] Milwaukee Journal, September 3, 1981, part 2, 14. [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]. Numerous white workers with increased social and economic mobility left the city for newer, more spacious suburbs, segregating those without this mobility (typically minority populations) in urban centers, and effectively fragmenting urban life. [67] Milwaukee Journal Sentinel, January 7, 1995, News section, 8. Net Worth: Relationship: Married Kids: [69] Grohmann, interview, December 1, 2012. by Jefferson Cowie and Joseph Heathcott (Ithaca and London: Cornell University Press, 2003), 259-283. [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. [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. Inspired largely by his experiences at his grandfathers quarries and his own entrepreneurial pursuits, most of his collection came from European painters. And they loved me, too. [35] Judith T. Kenny, The Homebuilders: The Residential Landscape of Milwaukees Polonia, 1870-1920, in Milwaukee Stories, ed. 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. More than 1000 paintings depict people working in some capacity, from farmers to factory . Orion Energy Systems Inc is a developer, manufacturer, and seller of lighting and energy management systems. For instance, Wisconsin Marine Bank, the south side bank that offered Grohmann the loan he used to purchase ACE/CO in 1965, requested that he join the banks board of directors in 1972an impressive achievement at the age of thirty-six. [20] Grohmann, interview, November 28, 2012. The Registered Agent on file for this company is Eckhart Grohmann and is located at 2039 South Lenox, Milwaukee, WI 53207. 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. 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. The following information is provided for citations. Per Bloomberg, his net worth is based upon several elements: "There's the $185 million charge for a non-compete agreement for Neumann, $106 million for a settlement payment, and $578 million for . [21] Richard Overy, Why the Allies Won (New York and London: W.W. Norton and Company, 1995), 314-330. . purchase [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. Moreover, he did not arrive in the United States as a poor labor migrant searching for social and economic mobility, and, while Grohmann cites political security as a major reason for his departure from Europe, he was not a traditional Displaced Person (DP) or exiled refugee common to Cold War era European migrations to the United States. Gurus may be added or dropped from the GuruFocus site at any time. Grohmann was already a member of the entrepreneurial class in Germany. GuruFocus.com is not operated by a broker or a dealer. Recognizing Grohmanns business talents, the Weisel family offered him control of the firm after he had married Carole. 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. [50], Despite this extraordinary growth, ACE/CO experienced significant setbacks in the economic recessions of 1970 and 1976. Find the Grohmann Museum. 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. 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 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 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. Eckhart G Grohmann made no insider transaction in Orion Energy Systems Inc (OESX). [27] Stafford, Milwaukee Sentinel, January 12, 1976, part 2, 9. 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