Word: edisonizing
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...stint as chairman of Koo Koo Roo Chicken, the health-conscious fast-food chain. He turned down an early invitation to team up with inventor Malcolm Bricklin's electric-bike company. Yet Iacocca has been intrigued by electric propulsion since his early days at Ford, 50 years ago. "Thomas Edison promised Henry Ford he would be able to throw away the internal-combustion engine," he says. "It's 100 years later, and we're just now seeing some progress...
...media and information. This year's sales are expected to exceed $100 billion, and with market capitalization of $302 billion, the company is in a close race with Microsoft for the title of Most Valuable. GE chairman Jack Welch isn't the innovator that GE's founder Thomas A. Edison was, but this son of a railroad conductor and lifelong GE employee would certainly get my vote for CEO of the century...
Nobody was more of an inspiration to Ford than the great inventor Thomas Alva Edison. At the turn of the century Edison had blessed Ford's pursuit of an efficient, gas-powered car during a chance meeting at Detroit's Edison Illuminating Co., where Ford was chief engineer. (Ford had already worked for the company of Edison's fierce rival, George Westinghouse...
After the Model T's enormous success, the two visionaries from rural Michigan became friends and business partners. Ford asked Edison to develop an electric storage battery for the car and funded the effort with $1.5 million. Ironically, despite all his other great inventions, Edison never perfected the storage battery. Yet Ford immortalized his mentor's inventive genius by building the Edison Institute in Dearborn...
...General Electric Co. is eight years old, the product of the merger of the Edison General Electric Co.-Thomas Edison's firm and the Thomson-Houston Co. It is a forced marriage: Edison was an inventing genius but no match for J.P. Morgan in finance. Edison would quit soon after...