Tag Archives: Business

People Who Have Contributed to Society……..

People Who Have Contributed to Society…….

Before we start this post I want to take a moment of silence to remember Mr. JFK was assassinated today………..may he rest in peace……….

The person who were are going to discuss today in relation to his contribution to society is none other than Albert L. Marsh. Mr. Marsh  created a metal alloy that could be used as a heating element and could withstand high-resistance  than the metal that was currently being made at the time. This discovery was helpful in the introduction of the electric heater…..now I know some of you are wrapped in a blanket as you’re reading this or in pajamas with the heater going…so if you have an electric heater blowing you can give thanks to Mr. Marsh as he diligently tried out different configurations until one worked. Read more about Mr. Marsh by clicking the link.

 

The History of ING

ING got its start from 2 companies that started out providing insurance and banking services for the Dutch government in the Netherlands. The company provided insurance services to the Dutch as Fire insurance company of the Netherlands established 1845. This company over time grew and expanded outside of the Netherlands…..the second company was an idea for families and individuals to save money….(The Postal Savings System which is a way for people without bank accounts to save money)…..then both of these companies were privatized…and then they acquired, acquired, acquired, other companies and grew into the organization that it is today.

Read more about the history of ING……Click the link.

The history of Subway

Subway was started by Fred DeLuca in 1965……with a $1,000 loan. (That $1,000.00 would currently be $7,425.90 dollars…according to this calculator….(http://futureboy.homeip.net/fsp/dollar.fsp?quantity=1000&currency=dollars&fromYear=1965).

Fred came up with a holding name for the company called Doctor’s Associates as he wanted the company to make enough money so that he could pay for his medical school tuition…. On a side note Eric Thomas(motivational speaker)  always says what’s your why? I think his why was strong enough…..paying for medical school so he wasn’t perpetually in debt? I think so……Read more about the history of Subway…..click the link.

The History of FedEx

So legend has it although some debate it that while in college Fred Smith came up with the idea to streamline the transportation of parcels in the U.S. Smith came up with a plan that made the movement quicker and more efficient………he started the company in Little Rock, Arkansas…but the airport there didn’t help him out…so he moved the company to Memphis, Tennessee….airport…and the company was off….he started off with 14 small jets that he used to transport the packages…the company had financial problems as well but kept on going…and finally with the help of some bigger banks re-capitalized the company and made it into what it is today…even when the company made mistakes…at the helm he would re-correct the course of the company..and now 1000’s of people are gainfully employed..by this great man and his idea……enjoying reading about the history of fedex…click the link.

The history of Ericsson

Ericsson was started by Lars Magnus Ericsson. He worked for a company that made telegraph equipment for the Swedish government. Lars got the idea to start a telegraph repair company (probably after seeing how long it took his company to repair things). Lars moved from telegraph repair into repair foreign made telephones and then finally making his own telephones. Lars had a major market share of his phones in Sweden. But Bell Telephone  company brought the biggest telephone network in Sweden and only allowed their equipment and phones to be used with the network…effectively squeezing any competition out of the pipeline…but do not dismay…as that didn’t deter Lars. Lars kept pushing and found niche markets in Russia, Britain, Mexico, and South America. Another telephone network in Sweden opened up and made Lars one of his main providers of telephone equipment since he couldn’t contract with Bell or use  Bell’s systems per their company policy…….So right place at the right time?…..Lucky….who knows…..I think it was a combination of mindset and determination that no matter what happens…..I’m going to make this company succeed. Heck, most would have given up as soon as Bell came to town and said..well how can I compete with Bell? They are a powerhouse…and now what do you know? Ericsson is in the U.S. now…..Click the link…..Read about the history of Ericsson.

The history of Santander Group

Well there wasn’t very much information listed in regards to the history of the company. But it started in 1857 and was given the approval or decree by Queen Elizabeth II. The company was primarily involved in worldwide trader. The bank was founded on the port of Santander in Northern Spain. According to Wikipedia this was the hub of trade between Spain and Latin America…so we can assume that among things traded here, where furs, jewelry, gold, various wares, and other means of economic commerce. Click the link, read about the history of the Santander Group.

The history of Lancome

Lancôme was started in 1935 by Armand Petitjean in France. Armand wanted to create beauty products that showcased French elegance around the world. So it looks like his plan worked. He showed his fragances at the World’s Fair in Brussels, and they were a hit. So Lancôme is actually an arm or division of L’Oreal now and has been since 1964. Armand’s idea has employed 100’s and 1000’s of models, fashion designers, make up artists, photographers, and creative people. Well thank you Armand for your contribution to society and the world. Red more about the history of Lancôme…….Click the highlighted link.

The history of Chase

JP Morgan Chase Bank was formed when JP Morgan and Chase Manhattan  Bank came together in 1955. Well one half of the bank Manhattan Company started in 1799. The company got its start providing water for NY. The founder of the bank Aaron Burr(the one who shot and killed Alexander Hamilition) had a clause written in the charter of the company that allowed it to use its extra cash for banking purposes. On a side note Burr’s main competitor for banking in New York was Alexander Hamilition Bank of New York.

JP Morgan bank began in 1854 when Junius S. Morgan and George Peabody & Co. started Peabody Morgan and Co. The company started off in government bonds and foreign exchange. The company later secured a contract with the bank of England, to underwrite war bonds for the UK, and France. Read more about the history of JP Morgan Chase Bank. Click the link.

The history of Ralph Lauren Corporation

Ralph Lauren started Polo Ralph Lauren in 1967 with a $50,000 dollar loan. He had a vision of making exceptional men’s ties. Ralph made women’s suits that had a men’s style to them..which was innovative……..After successfully opening a boutique store in Manhattan..he then opened a store in Beverly Hills……Ralph kept trucking..and turned this company into the multi-billion dollar company that it now is……..click the link. The History of Ralph Lauren Corporation.

The History of Boeing

Boeing was started by William E. Boeing in July of 1916.  William initially started off working in the timber industry and became wealthy. He later got into planes and built wooden airplanes. William test flew a Glenn Martin Flying Birdcage (with the inventor of the that plane “Gleen Martin”). William crashed the plane and Glenn told William it will take a long time to re-build. William knew he could rebuild the plane faster and did……Two key details that helped Boeing break away from the pack was he sent two planes to a Navy testing center to have them use his planes. They liked his planes so much they ordered more……This was at the start of World War I……..Then at the end of World War I…planes were cheap because of the military surplus of them……but William ventured into furniture making during these time while most other plane companies just quit……Thanks William for not giving up. Click the link. The History of Boeing.