Word: lincolnisms
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BOOK Henry and Clara by Thomas Mallon "A historical fiction about the couple who were in the box at Ford's Theatre with Abraham Lincoln and Mary Todd. It's a sad story...
...first glance, Lincoln Electric, the $1 billion Cleveland, Ohio, maker of arc-welding equipment, seems like every other U.S. corporation trying to weather the current economic downturn--heartless. It is slashing overtime, cutting temps and applying an elaborate rating system to assess employee performance. But no matter how bad things get, or how low they score, workers at Lincoln won't flunk...
...never have to wake up in the morning and wonder if I've got a job," says foreman Bob Knapik, 41. For almost a half-century, it's been that way at Lincoln's headquarters--guaranteed lifetime employment for all full-time workers who have been there at least three years. And that doesn't mean, by the way, that Lincoln is some Rust Belt relic of the 1950s. Thanks to its fabled incentive-compensation plan--which, instead of an hourly salary, pays assembly-line workers based on how much they produce, plus a year-end bonus (hence the grading...
Fortune 500 executives regularly visit to learn its secret, and Lincoln has been a case study at Harvard Business School since 1947. Despite having some of the highest-paid factory workers in the world, it dominates the price-sensitive welding market, having pushed industrial powerhouses like General Electric out of the business. Though Lincoln's first-quarter sales and profits dropped about 10%, its stock has more than doubled in the past year...
...anyway, Lincoln was right. Blood cannot restore blood...