Universal Oil Products
More businessman than scientist, Halle, nevertheless, nurtured an atmosphere of respect for research in which top scientists thrived. In 1914, J. Ogden Armour hired him to manage the newly created Universal Oil Products company, which had as its main asset the Dubbs patents for cracking oil. Halle was elected president of UOP in 1919, the year C. P. Dubbs perfected a continuous-circulation process that proved superior to the original patent and to any other method of refining oil. Halle chose to license the Dubbs process to all refiners rather than enter the refining business in competition with them. This decision became the business formula under which UOP still operates. Halle remained in charge of UOP until his death in 1944 at age 76.
Read more about this topic: Hiram Halle
Famous quotes containing the words universal, oil and/or products:
“The universal regard for money is the one hopeful fact in our civilisation. Money is the most important thing in the world. It represents health, strength, honour, generosity and beauty.... Not the least of its virtues is that it destroys base people as certainly as it fortifies and dignifies noble people.”
—George Bernard Shaw (1856–1950)
“As artists they’re rot, but as providers they’re oil wells; they gush. Norris said she never wrote a story unless it was fun to do. I understand Ferber whistles at her typewriter. And there was that poor sucker Flaubert rolling around on his floor for three days looking for the right word.”
—Dorothy Parker (1893–1967)
“It seemed there was a sort of poisoning, an auto-infection of the organisms, so Dr. Krokowski said; it was caused by the disintegration of a substance ... and the products of this disintegration operated like an intoxicant upon the nerve-centres of the spinal cord, with an effect similar to that of certain poisons, such as morphia, or cocaine.”
—Thomas Mann (1875–1955)