Emerson Electric Company
In 1890, Emerson met two Scottish orphans, Alexander and Charles Meston, who wanted to manufacture electrical and mechanical devices. He provided $50,000 start-up capital and lent his name to a new corporation creating the “Emerson Electric Manufacturing Company”, and served as the company’s first President from 1890 to 1892.
In 1892, Emerson retired, selling his interest in Emerson Electric to Herbert L. Parker, a former railroad executive.
Read more about this topic: John Wesley Emerson
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