Word: forde
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Dates: during 1990-1999
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...smart, practical fellows who cared about the environment -- could develop a process to burn coal cleaner and at a price that was competitive with Middle East oil, they could help fill a national need and win themselves a place alongside great American inventor-entrepreneurs like Thomas Edison, Henry Ford, Alexander Graham Bell and Thomas Watson. And maybe strike it rich in the bargain. After all, that's the American Dream...
...American Dream is not so easy to achieve these days. In the century since Edison, Ford, Bell and Watson turned simple ideas into products and technologies that transformed society, entrepreneurship in America has become more complicated, less nimble. In capitalism's grand struggle between risk and reward, the forces of caution and liability have subtly, sadly, gained the upper hand. It is not enough just to have a good idea. These days one must know the intricacies of corporate finance, government regulation, patent protection, pricing strategy and sophisticated marketing. And even then, in the utility industry anyway, resistance to change...
...would hope that business would be more experimental and more flexible," says Sidney Wertimer, recently retired professor of economics at Hamilton College and an early investor in Otisca. "Sure, we've made mistakes. I think probably somewhere along the line Henry Ford and Thomas Watson made a mistake...
...other two employees listed on the documentsfiled with the State were Ford Professor ofBusiness Administration Michael C. Jensen andBaker Professor of Administration Robert C.Merton, who each earned $182,662 this past year...
...Last week Kearns, the inventor of intermittent windshield wipers, was awarded $11.3 million for patent infringement by Chrysler. The carmaker must pay him about 90 cents for each of the 12.6 million cars it equipped with the wipers from 1977 to '88. Kearns, who won a similar judgment from Ford in 1990 for $10.2 million, has lawsuits pending against General Motors and 17 other carmakers...