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106-485: The company's founder, Henry Marison Byllesby, had worked for two electric utility industry pioneers before getting into the business for himself. He was one of Thomas Edison 's draftsmen when the Pearl Street Station was being built. He then worked for George Westinghouse , starting as a sales agent and working his way up to vice president of Westinghouse Electric & Manufacturing Co. Byllesby's next job

212-736: A botanical laboratory in Fort Myers, Florida , in collaboration with businessmen Henry Ford and Harvey S. Firestone , and a laboratory in West Orange, New Jersey , that featured the world's first film studio , the Black Maria . With 1,093 US patents in his name , as well as patents in other countries, Edison is regarded as the most prolific inventor in American history. Edison married twice and fathered six children. He died in 1931 due to complications from diabetes . Thomas Edison

318-419: A company or a nonprofit organization . CEOs find roles in various organizations, including public and private corporations , nonprofit organizations , and even some government organizations (notably state-owned enterprises ). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing

424-475: A "chunk of it". The representatives decided to give a cubic foot of solid copper weighing 486 pounds with their gratitude inscribed on it in appreciation for his part in the "continuous stimulation in the copper industry". Edison is credited with designing and producing the first commercially available fluoroscope , a machine that uses X-rays to take radiographs . Until Edison discovered that calcium tungstate fluoroscopy screens produced brighter images than

530-401: A $ 50-a-week profit by age 13, most of which went to buying equipment for electrical and chemical experiments. At age 15, in 1862, he saved 3-year-old Jimmie MacKenzie from being struck by a runaway train. Jimmie's father, station agent J. U. MacKenzie of Mount Clemens, Michigan , was so grateful that he trained Edison as a telegraph operator. Edison's first telegraphy job away from Port Huron

636-471: A bid. He was surprised to hear them offer $ 10,000 ($ 269,294 in 2023), which he gratefully accepted. The quadruplex telegraph was Edison's first big financial success, and Menlo Park became the first institution set up with the specific purpose of producing constant technological innovation and improvement. Edison was legally credited with most of the inventions produced there, though many employees carried out research and development under his direction. His staff

742-574: A businessman. Ultimately, his entrepreneurship was central to the formation of some 14 companies, including General Electric , formerly one of the largest publicly traded companies in the world. In 1866, at the age of 19, Edison moved to Louisville, Kentucky , where, as an employee of Western Union , he worked the Associated Press bureau news wire . Edison requested the night shift, which allowed him plenty of time to spend at his two favorite pastimes—reading and experimenting. Eventually,

848-463: A chemistry course at The Cooper Union for the Advancement of Science and Art to support his work on a new telegraphy system with Charles Batchelor . This appears to have been his only enrollment in courses at an institution of higher learning. Thomas Edison began his career as a news butcher , selling newspapers, candy, and vegetables on trains running from Port Huron to Detroit. He turned

954-436: A child, he became fascinated with technology and spent hours working on experiments at home. Edison developed hearing problems at the age of 12. The cause of his deafness has been attributed to a bout of scarlet fever during childhood and recurring untreated middle-ear infections . He subsequently concocted elaborate fictitious stories about the cause of his deafness. He was completely deaf in one ear and barely hearing in

1060-582: A coiled platinum filament but the high cost of platinum kept the bulb from becoming a commercial success. Many other inventors had also devised incandescent lamps, including Alessandro Volta 's demonstration of a glowing wire in 1800 and inventions by Henry Woodward and Mathew Evans . Others who developed early and commercially impractical incandescent electric lamps included Humphry Davy , James Bowman Lindsay , Moses G. Farmer , William E. Sawyer , Joseph Swan , and Heinrich Göbel . These early bulbs all had flaws such as an extremely short life and requiring

1166-688: A commercially viable electric light bulb on October 21, 1879, Edison developed an electric " utility " to compete with the existing gas light utilities. On December 17, 1880, he founded the Edison Illuminating Company , and during the 1880s, he patented a system for electricity distribution . The company established the first investor-owned electric utility. On September 4, 1882, in Pearl Street , New York City, his 600 kW cogeneration steam-powered generating station, Pearl Street Station 's, electrical power distribution system

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1272-478: A decision earlier in the week remanding the case back to the companies, for further negotiation among themselves. " There is simply no end to this process in sight ," stated Howard. Abdoo said the decision to end the merger factored in that after two years of already waiting, the further likely wait of at least six months of delay would significantly reduce the benefits of the Primergy transaction. The delay had put

1378-451: A different area of responsibility (e.g., VP of finance, VP of human resources). Examples of subordinate executive officers who typically report to the CEO include the chief operating officer (COO), chief financial officer (CFO), chief strategy officer (CSO), chief marketing officer (CMO) and chief business officer (CBO). The public relations -focused position of chief reputation officer

1484-489: A distinction between management by the executive board and governance by the supervisory board. This allows for clear lines of authority. The aim is to prevent a conflict of interest and too much power being concentrated in the hands of one person. In the United States, the board of directors (elected by the shareholders ) is often equivalent to the supervisory board, while the executive board may often be known as

1590-521: A draftsman and an expert witness in patent litigation, began working for the United States Electric Lighting Company run by Edison's rival Hiram S. Maxim . While working for Maxim, Latimer invented a process for making carbon filaments for light bulbs and helped install broad-scale lighting systems for New York City, Philadelphia, Montreal, and London. Latimer holds the patent for the electric lamp issued in 1881, and

1696-402: A facade of charm and eloquence. Traits such as courage and risk-taking, generally considered desirable, are often found alongside these psychopathic tendencies. Tara Swart, a neuroscientist at MIT Sloan School of Management , has suggested that individuals with psychopathic traits thrive in chaotic environments and are aware that others do not. As a result, they may intentionally create chaos in

1802-541: A grooved cylinder. Despite its limited sound quality and that the recordings could be played only a few times, the phonograph made Edison a celebrity. Joseph Henry , president of the National Academy of Sciences and one of the most renowned electrical scientists in the US, described Edison as "the most ingenious inventor in this country... or in any other". In April 1878, Edison traveled to Washington to demonstrate

1908-402: A high electric current to operate which made them difficult to apply on a large scale commercially. In his first attempts to solve these problems, Edison tried using a filament made of cardboard, carbonized with compressed lampblack. This burnt out too quickly to provide lasting light. He then experimented with different grasses and canes such as hemp, and palmetto, before settling on bamboo as

2014-415: A large part of the market without electrical service. AC companies expanded into this gap. Edison expressed views that AC was unworkable and the high voltages used were dangerous. As George Westinghouse installed his first AC systems in 1886, Thomas Edison struck out personally against his chief rival stating, " Just as certain as death, Westinghouse will kill a customer within six months after he puts in

2120-700: A new subsidiary name, Wisconsin Energy Company. Under that name, it and Northern States Power Company would continue to operate as the two principal subsidiaries of Primergy Corp. Also, NSP-Wisconsin would merge into the operating subsidiary Wisconsin Energy Company. The headquarters of the two utilities would remain distinct and separate in their existing respective state locations-- Milwaukee for Wisconsin Energy and Minneapolis for NSP. The merged company would have been headquartered in Minneapolis (with NSP as

2226-561: A number of nearby private dwellings, but was shut down in September 1886 as uneconomic, since he was unable to extend the premises. On January 19, 1883, the first standardized incandescent electric lighting system employing overhead wires began service in Roselle, New Jersey . As Edison expanded his direct current (DC) power delivery system, he received stiff competition from companies installing alternating current (AC) systems. From

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2332-493: A political party is often entrusted with fundraising, particularly for election campaigns. In some countries, there is a dual board system with two separate boards, one executive board for the day-to-day business and one supervisory board for control purposes (selected by the shareholders). In these countries, the CEO presides over the executive board and the chairperson presides over the supervisory board, and these two roles will always be held by different people. This ensures

2438-552: A second patent for the "process of manufacturing carbons" (the filament used in incandescent light bulbs), issued in 1882. On October 8, 1883, the US patent office ruled that Edison's patent was based on the work of William E. Sawyer and was, therefore, invalid. Litigation continued for nearly six years. In 1885, Latimer switched camps and started working with Edison. On October 6, 1889, a judge ruled that Edison's electric light improvement claim for "a filament of carbon of high resistance"

2544-551: A source of criticism following a dramatic rise in pay relative to the average worker's wage . For example, the relative pay was 20-to-1 in 1965 in the US, but had risen to 376-to-1 by 2000. The relative pay differs around the world, and, in some smaller countries, is still around 20-to-1. Observers differ as to whether the rise is due to competition for talent or due to lack of control by compensation committees. In recent years, investors have demanded more say over executive pay. Lack of diversity amongst chief executives has also been

2650-504: A source of criticism. In 2018, 5% of Fortune 500 CEOs were women. In 2023 the number rose to 10.4% of for Women CEO's of Fortune 500 companies . The reasons for this are explained or justified in various ways, and may include biological sex differences, male and female differences in Big Five personality traits and temperament, sex differences in psychology and interests, maternity and career breaks, hypergamy , phallogocentrism ,

2756-466: A system of any size. He has got a new thing and it will require a great deal of experimenting to get it working practically. " Many reasons have been suggested for Edison's anti-AC stance. One notion is that the inventor could not grasp the more abstract theories behind AC and was trying to avoid developing a system he did not understand. Edison also appeared to have been worried about the high voltage from misinstalled AC systems killing customers and hurting

2862-879: Is attested as early as 1782, when an ordinance of the Congress of the Confederation of the United States of America used the term to refer to governors and other leaders of the executive branches of each of the Thirteen Colonies . In draft additions to the Oxford English Dictionary published online in 2011, the Dictionary says that the use of "CEO" as an acronym for a chief executive officer originated in Australia , with

2968-598: Is notably the first US patent for an electronic device due to its use of an Edison effect bulb as an active component . Subsequent scientists studied, applied, and eventually evolved the bulbs into vacuum tubes , a core component of early analog and digital electronics of the 20th century. In 1878, Edison formed the Edison Electric Light Company in New York City with several financiers, including J. P. Morgan , Spencer Trask , and

3074-582: Is now the Czech Republic), opened in 1882, and was the first public building in the world to use Edison's electric lamps. Francis Jehl , Edison's assistant in the invention of the lamp, supervised the installation. In September 2010, a sculpture of three giant light bulbs was erected in Brno, in front of the theater. The first Edison light bulbs in the Nordic countries were installed at the weaving hall of

3180-402: Is often used in lieu of chief executive officer. Business publicists since the days of Edward Bernays (1891–1995) and his client John D. Rockefeller (1839–1937) and even more successfully the corporate publicists for Henry Ford , promoted the concept of the " celebrity CEO". Business journalists have often adopted this approach, which assumes that the corporate achievements, especially in

3286-500: Is registered on 1,093 patents. Edison began his career as an inventor in Newark, New Jersey , with the automatic repeater and his other improved telegraphic devices, but the invention that first gained him wider notice was the phonograph in 1877. This accomplishment was so unexpected by the public at large as to appear almost magical. Edison became known as "The Wizard of Menlo Park". His first phonograph recorded on tinfoil around

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3392-418: Is sometimes included as one such subordinate executive officer, but, as suggested by Anthony Johndrow, CEO of Reputation Economy Advisors, it can also be seen as "simply another way to add emphasis to the role of a modern-day CEO – where they are both the external face of, and the driving force behind, an organization culture". In the US, the term "chief executive officer" is used primarily in business, whereas

3498-461: Is the successor to several companies that developed hydroelectric power, starting as early as 1852, at the St. Anthony Falls , Minneapolis, Minnesota. As a result NSP acquired and operated 3 hydroelectric power plants at the falls and just downstream, all built by 1908. One of the plants is still operating. Thomas Edison Thomas Alva Edison (February 11, 1847 – October 18, 1931)

3604-586: The Columbia . Although hesitant at first, Edison agreed to Villard's request. Most of the work was completed in May 1880, and the Columbia went to New York City, where Edison and his personnel installed Columbia 's new lighting system. The Columbia was Edison's first commercial application for his incandescent light bulb. The Edison equipment was removed from Columbia in 1895. In 1880, Lewis Latimer ,

3710-530: The 1st Middlesex Militia during the War of 1812. His father, Samuel Edison Jr. moved to Vienna, Ontario , and fled to Ohio after his involvement in the Rebellion of 1837 . Edison was taught reading, writing, and arithmetic by his mother, a former school teacher. He attended school for only a few months. However, one biographer described him as a very curious child who learned most things by reading on his own. As

3816-794: The Finlayson 's textile factory in Tampere, Finland in March 1882. In 1901, Edison attended the Pan-American Exposition in Buffalo, New York . His company, the Edison Manufacturing Company , was given the task of installing the electric lights on the various buildings and structures that were built for the exposition. At night Edison made a panorama photograph of the illuminated buildings. After devising

3922-535: The Thomson-Houston Electric Company of Lynn, Massachusetts (another AC-based competitor) built 22 power stations. Parallel to expanding competition between Edison and the AC companies was rising public furor over a series of deaths in the spring of 1888 caused by pole mounted high voltage alternating current lines. This turned into a media frenzy against high voltage alternating current and

4028-517: The U.S. Department of Justice were still pending. On May 16, 1997, both CEOs announced that the boards of directors of both companies had voted that day to terminate the merger plan. Howard stated that the problem was that the regulatory agencies were changing their merger policies as they were considering the companies' filing. In particular, Howard blamed the Federal Energy Regulatory Commission , which had issued

4134-598: The executive committee (the division/subsidiary heads and C-level officers that report directly to the CEO). In the United States, and in business, the executive officers are usually the top officers of a corporation, the chief executive officer (CEO) being the best-known type. The definition varies; for instance, the California Corporate Disclosure Act defines "executive officers" as the five most highly compensated officers not also sitting on

4240-456: The profitability , market share , revenue , or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation . CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite . The term "chief executive officer"

4346-407: The 1880s that used wax-coated cardboard cylinders. In 1876, Edison began work to improve the microphone for telephones (at that time called a "transmitter") by developing a carbon microphone , which consists of two metal plates separated by granules of carbon that would change resistance with the pressure of sound waves. A steady direct current is passed between the plates through the granules and

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4452-609: The 1889 merger that formed Edison General Electric. In 1890 he told president Henry Villard he thought it was time to retire from the lighting business and moved on to an iron ore refining project that preoccupied his time. Edison's dogmatic anti-AC values were no longer controlling the company. By 1889 Edison's Electric's own subsidiaries were lobbying to add AC power transmission to their systems and in October 1890 Edison Machine Works began developing AC-based equipment. Cut-throat competition and patent battles were bleeding off cash in

4558-475: The Goldenrod plant. Edison decided on Solidago leavenworthii , also known as Leavenworth's Goldenrod. The plant, which normally grows roughly 3–4 feet tall with a 5% latex yield, was adapted by Edison through cross-breeding to produce plants twice the size and with a latex yield of 12%. During the 1911 New York Electrical show, Edison told representatives of the copper industry it was a shame he did not have

4664-528: The UK, chief executive and chief executive officer are used in local government , where their position in law is described as the "head of paid service", and in business and in the charitable sector . As of 2013 , the use of the term director for senior charity staff is deprecated to avoid confusion with the legal duties and responsibilities associated with being a charity director or trustee, which are normally non-executive (unpaid) roles. The term managing director

4770-634: The US electrical business and would compete with Westinghouse for the AC market. Edison served as a figurehead on the company's board of directors for a few years before selling his shares. Edison moved from Menlo Park after the death of his first wife, Mary, in 1884, and purchased a home known as " Glenmont " in 1886 as a wedding gift for his second wife, Mina , in Llewellyn Park in West Orange, New Jersey . In 1885, Thomas Edison bought 13 acres of property in Fort Myers , Florida, for roughly $ 2,750 (equivalent to $ 93,256 in 2023) and built what

4876-422: The arena of manufacturing, are produced by uniquely talented individuals, especially the "heroic CEO". In effect, journalists celebrate a CEO who takes distinctive strategic actions. The model is the celebrity in entertainment, sports, and politics – compare the " great man theory ". Guthey et al. argues that "...these individuals are not self-made, but rather are created by a process of widespread media exposure to

4982-424: The barium platinocyanide screens originally used by Wilhelm Röntgen , the technology was capable of producing only very faint images. The fundamental design of Edison's fluoroscope is still in use today, although Edison abandoned the project after nearly losing his own eyesight and seriously injuring his assistant, Clarence Dally . Dally made himself an enthusiastic human guinea pig for the fluoroscopy project and

5088-409: The best filament. Edison continued trying to improve this design and on November 4, 1879, filed for U.S. patent 223,898 (granted on January 27, 1880) for an electric lamp using "a carbon filament or strip coiled and connected to platina contact wires". The patent described several ways of creating the carbon filament including "cotton and linen thread, wood splints, papers coiled in various ways". It

5194-421: The board of directors. In the case of a sole proprietorship , an executive officer is the sole proprietor. In the case of a partnership , an executive officer is a managing partner, senior partner, or administrative partner. In the case of a limited liability company , an executive officer is any member, manager, or officer. Depending on the organization, a CEO may have several subordinate executives to help run

5300-552: The company's territory was when a group of towns around Waconia was acquired from Interstate Power Co. in 1956. There may have been confusion with an unrelated company by the same name in Michigan, so in 1916, the company changed its name to Northern States Power Co. The company acquired the Minneapolis General Electric Co. the same year, and continued its acquisitions, with 42 more systems added over

5406-611: The company, including issues with its Point Beach Nuclear Generating Station in Manitowoc County, Wisconsin . But Northern States Power's stock had risen by 6%. The case was considered to be a bellwether in the utilities industry, putting an end to the rapid pace of mergers and acquisitions that had been ongoing up to then. However, in 1998, after the failed Primergy merger, NSP merged with New Century Energies of Denver , owner of Public Service Company of Colorado and Southwestern Public Service , to form Xcel Energy . NSP

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5512-428: The competing companies and the idea of a merger was being put forward in financial circles. The War of Currents ended in 1892 when the financier J.P. Morgan engineered a merger of Edison General Electric with its main alternating current based rival, The Thomson-Houston Company, that put the board of Thomson-Houston in charge of the new company called General Electric . General Electric now controlled three-quarters of

5618-591: The cost of interior furnishings. Edison and Mina spent many winters at their home in Fort Myers, and Edison tried to find a domestic source of natural rubber. Due to the security concerns around World War I , Edison suggested forming a science and industry committee to provide advice and research to the US military, and he headed the Naval Consulting Board in 1915. Edison became concerned with America's reliance on foreign supply of rubber and

5724-436: The critical parameters of his electric lighting system including lamp resistance by an analysis of Ohm's law , Joule's law and economics. Nearly all of Edison's patents were utility patents, which were protected for 17 years and included inventions or processes that are electrical, mechanical, or chemical in nature. About a dozen were design patents , which protect an ornamental design for up to 14 years. As in most patents,

5830-440: The day-to-day administration of the company, each of whom has specific functional responsibilities referred to as senior executives, executive officers or corporate officers. Subordinate executives are given different titles in different organizations, but one common category of subordinate executive, if the CEO is also the president, is the vice president (VP). An organization may have more than one vice president, each tasked with

5936-539: The early 1880s, AC arc lighting systems for streets and large spaces had been an expanding business in the US. With the development of transformers in Europe and by Westinghouse Electric in the US in 1885–1886, it became possible to transmit AC long distances over thinner and cheaper wires, and "step down" (reduce) the voltage at the destination for distribution to users. This allowed AC to be used in street lighting and in lighting for small business and domestic customers,

6042-562: The existence of old boy networks , tradition, and the lack of female role models in that regard. Some countries have passed laws mandating boardroom gender quotas. In 2023 Rockefeller Foundation awarded a grant to Korn Ferry to research strategies and then action a plan to help more women to become CEO's. There are contentious claims that a significant number of CEO's have psychopathic tendencies, often characterized by power-seeking behavior and dominance. These individuals can often conceal their ruthlessness and antisocial behavior behind

6148-603: The first attestation being in 1914. The first American usage cited is from 1972. The responsibilities of an organization's CEO are set by the organization's board of directors or other authority, depending on the organization's structure. They can be far-reaching or quite limited, and are typically enshrined in a formal delegation of authority regarding business administration . Typically, responsibilities include being an active decision-maker on business strategy and other key policy issues, as well as leader , manager, and executor roles. The communicator role can involve speaking to

6254-706: The first company added to Byllesby's Consumers Power Co., which then added three companies in North Dakota in 1910 (Minot Light & Telephone Co., Red River Power Co., and Union Light, Heatng, & Power Co.). Over the next few years, Consumers Power Co. grew rapidly as companies across the Twin Cities and central Minnesota were acquired and linked with transmission lines. These lines linked Minneapolis, St. Paul, Shakopee, Faribault, Mankato, Northfield, Coon Rapids, Rockford, Delano, Watertown, and even distant places such as Crookston and Pipestone. The last addition to

6360-482: The incandescent electric lamp and was put in charge of tests and records on that device. In 1880, he was appointed chief engineer of the Edison Lamp Works. In his first year, the plant under general manager Francis Robbins Upton turned out 50,000 lamps. According to Edison, Hammer was "a pioneer of incandescent electric lighting". Frank J. Sprague , a competent mathematician and former naval officer ,

6466-408: The inventions he described were improvements over prior art . The phonograph patent, in contrast, was unprecedented in describing the first device to record and reproduce sounds. In just over a decade, Edison's Menlo Park laboratory had expanded to occupy two city blocks. Edison said he wanted the lab to have "a stock of almost every conceivable material". A newspaper article printed in 1887 reveals

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6572-489: The last to be fueled by coal. Three other coal-fired plants, Riverside, High Bridge, and Black Dog, have been retrofitted to run on natural gas. By 1986, the company had grown to be included among the S&;P 500 list of 500 of the largest companies in the United States. By that time it had accumulated nearly $ 1.2 billion in long-term debt. NSP served the agriculturally based region of its headquarters state of Minnesota, and also

6678-498: The latter preoccupation cost him his job. One night in 1867, he was working with a lead–acid battery when he spilt sulfuric acid onto the floor. It ran between the floorboards and onto his boss's desk below. The next morning Edison was fired. His first patent was for the electric vote recorder, U.S. patent 90,646 , which was granted on June 1, 1869. Finding little demand for the machine, Edison moved to New York City shortly thereafter. One of his mentors during those early years

6784-440: The list goes on. Over his desk Edison displayed a placard with Sir Joshua Reynolds ' famous quotation: "There is no expedient to which a man will not resort to avoid the real labor of thinking." This slogan was reputedly posted at several other locations throughout the facility. In Menlo Park, Edison had created the first industrial laboratory concerned with creating knowledge and then controlling its application. Edison's name

6890-468: The market Edison's patented low voltage DC incandescent lamp system was designed to supply. Edison's DC empire suffered from one of its chief drawbacks: it was suitable only for the high density of customers found in large cities. Edison's DC plants could not deliver electricity to customers more than one mile from the plant, and left a patchwork of unsupplied customers between plants. Small cities and rural areas could not afford an Edison style system, leaving

6996-680: The members of the Vanderbilt family . Edison made the first public demonstration of his incandescent light bulb on December 31, 1879, in Menlo Park. It was during this time that he said: "We will make electricity so cheap that only the rich will burn candles." Henry Villard , president of the Oregon Railroad and Navigation Company , attended Edison's 1879 demonstration. Villard was impressed and requested Edison install his electric lighting system aboard Villard's company's new steamer,

7102-438: The merger five months behind schedule and had reduced earnings for both utilities by a total of US$ 58 million to that point, costs which had not been passed on to consumers. Adding to the discomfort was a growing gap between the performance of the two companies by early 1997. Wisconsin Energy's stock had by then fallen about 13% since early 1995 when the deal had been announced, due to other ongoing problems that had developed within

7208-518: The neighboring states of North Dakota and South Dakota to the west. These territories were served through its subsidiary, NSP-Minnesota. On May 3, 1995, Northern States Power Company and Wisconsin Energy Corporation ( NYSE :  WEC ) each filed a Securities and Exchange Commission Form 8-K to combine in a merger-of-equals transaction to form Primergy Corporation , which would be a registered public utility holding company, and to be

7314-670: The new parent of both NSP and of the operating subsidiaries of WEC. It would be the tenth largest investor-owned electric and gas utility company in the United States, based on market capitalization at that time of about US$ 6.0 billion, and with 1994 combined revenues of US$ 4.2 billion and with total assets of more than US$ 10.0 billion. Shareholders of NSP common stock would own 1.626 shares of stock of Primergy for each share of NSP stock they owned, and WEC shareholders were to receive one-for-one shares of Primergy. At that time, Richard A. Abdoo , served as chairman, president and chief executive officer of Wisconsin Energy. James J. Howard served in

7420-577: The next seven years. The company has always been publicly traded, and which consistently did well enough to pay a cash dividend to shareholders every year since 1910. While the bulk of the company's territory has always been in Minnesota, it has some territory in and around the larger towns in North Dakota (Minot, Grand Forks, and Fargo) as well as southeastern South Dakota (Sioux Falls area). Its territory also extends east across Wisconsin and into

7526-558: The nominal survivor), but incorporated in Wisconsin. The Primergy board of directors were to be equally split, composed of six from each company. The merger deal was expected to be completed in the fourth quarter of 1996. By 1997, approvals had been granted by the state regulatory commissions in Michigan and North Dakota, but not by the commissions in Minnesota and Wisconsin. Approvals from the Securities & Exchange Commission and

7632-400: The organization. As a manager, the CEO presides over the organization's day-to-day operations. The CEO is the person who is ultimately accountable for a company's business decisions, including those in operations, marketing, business development , finance, human resources , etc. The use of the CEO title is not necessarily limited to describing the head of a company. For example, the CEO of

7738-422: The other. It is alleged that Edison would listen to a music player or piano by clamping his teeth into the wood to absorb the sound waves into his skull. As he got older, Edison believed his hearing loss allowed him to avoid distraction and concentrate more easily on his work. Modern-day historians and medical professionals have suggested he may have had ADHD . It is known that early in his career he enrolled in

7844-423: The phonograph before the National Academy of Sciences, Congressmen, Senators and President Hayes . The Washington Post described Edison as a " genius " and his presentation as "a scene... that will live in history". Although Edison obtained a patent for the phonograph in 1878, he did little to develop it until Alexander Graham Bell , Chichester Bell , and Charles Tainter produced a phonograph-like device in

7950-426: The physics of loose-contact carbon transmitters (work that Hughes did not bother to patent). Edison used the carbon microphone concept in 1877 to create an improved telephone for Western Union . In 1886, Edison found a way to improve a Bell Telephone microphone, one that used loose-contact ground carbon, with his discovery that it worked far better if the carbon was roasted . This type was put in use in 1890 and

8056-409: The point that their actions, personalities, and even private lives function symbolically to represent significant dynamics and tensions prevalent in the contemporary business atmosphere". Journalism thereby exaggerates the importance of the CEO and tends to neglect harder-to-describe broader corporate factors. There is little attention to the intricately organized technical bureaucracy that actually does

8162-450: The press and to the public, as well as to the organization's management and employees; the decision-making role involves high-level decisions about policy and strategy. The CEO is tasked with implementing the goals, targets and strategic objectives as determined by the board of directors. As an executive officer of the company, the CEO reports the status of the business to the board of directors, motivates employees, and drives change within

8268-614: The principles of organized science and teamwork to the process of invention, working with many researchers and employees. He established the first industrial research laboratory . Edison was raised in the American Midwest . Early in his career he worked as a telegraph operator , which inspired some of his earliest inventions. In 1876, he established his first laboratory facility in Menlo Park, New Jersey , where many of his early inventions were developed. He later established

8374-437: The project, while Edison did all the research. Edison, however, wished to contribute $ 25,000 as well. Edison did the majority of the research and planting, sending results and sample rubber residues to his West Orange Lab. Edison employed a two-part Acid-base extraction , to derive latex from the plant material after it was dried and crushed to a powder. After testing 17,000 plant samples, he eventually found an adequate source in

8480-481: The sales of electric power systems in general. The primary reason was that Edison Electric based their design on low voltage DC, and switching a standard after they had installed over 100 systems was, in Edison's mind, out of the question. By the end of 1887, Edison Electric was losing market share to Westinghouse, who had built 68 AC-based power stations to Edison's 121 DC-based stations. To make matters worse for Edison,

8586-678: The same positions with Northern States Power. With the new Primergy Corporation, Howard would become chairman and CEO, and Abdoo would serve as vice chairman, president and chief operating officer . Further, with Howard scheduled to retire in July 2000, Abdoo would then succeed him as chairman of Primergy. Wisconsin Energy's two then-existing utility subsidiaries, Wisconsin Electric Power Company (WEPCO) and Wisconsin Natural Gas Company (WNG) were to be consolidated under

8692-452: The seemingly greedy and callous lighting companies that used it. Edison took advantage of the public perception of AC as dangerous, and joined with self-styled New York anti-AC crusader Harold P. Brown in a propaganda campaign, aiding Brown in the public electrocution of animals with AC, and supported legislation to control and severely limit AC installations and voltages (to the point of making it an ineffective power delivery system) in what

8798-457: The seriousness of his claim, stating the lab contained "eight thousand kinds of chemicals, every kind of screw made, every size of needle, every kind of cord or wire, hair of humans, horses, hogs, cows, rabbits, goats, minx, camels ... silk in every texture, cocoons, various kinds of hoofs, shark's teeth, deer horns, tortoise shell ... cork, resin, varnish and oil, ostrich feathers, a peacock's tail, jet, amber, rubber, all ores ..." and

8904-434: The signal so generated to the telephone line. Edison was one of many inventors working on the problem of creating a usable microphone for telephony by having it modulate an electric current passed through it. His work was concurrent with Emile Berliner 's loose-contact carbon transmitter (who lost a later patent case against Edison over the carbon transmitter's invention ) and David Edward Hughes ’ study and published paper on

9010-409: The term "executive director" is used primarily in the not-for-profit sector. These terms are generally mutually exclusive and refer to distinct legal duties and responsibilities. The CEO is the highest-ranking executive in a company, making corporate decisions, managing operations, allocating resources, and serving as the main point of communication between the board of directors and the company. In

9116-670: The upper peninsula of Michigan, but due to state regulations requiring local ownership of all utilities, this portion of the territory is operated as a separate subsidiary: Northern States Power-Wisconsin. To power this vast territory, the company built numerous power plants, many of which have long since been retired and decommissioned. Some capacity was extended withtransmission lines and substations. The currently operational nuclear power plants are Prairie Island (1974), and Monticello Nuclear Generating Plant (1971). Sherburne County Generating Station (Sherco) and Allen S. King in Bayport are

9222-417: The varying resistance results in a modulation of the current, creating a varying electric current that reproduces the varying pressure of the sound wave. Up to that point, microphones, such as the ones developed by Johann Philipp Reis and Alexander Graham Bell , worked by generating a weak current. The carbon microphone works by modulating a direct current and, subsequently, using a transformer to transfer

9328-457: The work. Hubris sets in when the CEO internalizes the celebrity and becomes excessively self-confident in making complex decisions. There may be an emphasis on the sort of decisions that attract the celebrity journalists . Research published in 2009 by Ulrike Malmendier and Geoffrey Tate indicates that "firms with award-winning CEOs subsequently underperform, in terms both of stock and of operating performance". Executive compensation has been

9434-802: The workplace. This perspective is explored in the book Snakes in Suits , co-authored by Robert D. Hare . However, Scott Lilienfeld has argued that the attention given to psychopathy in the workplace by both the media and scholars has far exceeded the available scientific evidence. Emilia Bunea, writing in Psychology Today , has linked psychopathic traits in managers to workplace bullying , employee dissatisfaction, and turnover intentions. Despite this, Bunea cautions that excessive worry about supposed psychopathic managers could discourage individuals from pursuing careers in corporations and deter employees from addressing issues with difficult bosses. In

9540-627: Was a fellow telegrapher and inventor named Franklin Leonard Pope , who allowed the impoverished youth to live and work in the basement of his Elizabeth, New Jersey , home, while Edison worked for Samuel Laws at the Gold Indicator Company. Pope and Edison founded their own company in October 1869, working as electrical engineers and inventors. Edison began developing a multiplex telegraphic system, which could send two messages simultaneously, in 1874. Edison's major innovation

9646-419: Was an American inventor and businessman. He developed many devices in fields such as electric power generation , mass communication , sound recording , and motion pictures. These inventions, which include the phonograph , the motion picture camera , and early versions of the electric light bulb , have had a widespread impact on the modern industrialized world . He was one of the first inventors to apply

9752-681: Was at Stratford Junction, Ontario, on the Grand Trunk Railway . He also studied qualitative analysis and conducted chemical experiments until he left the job rather than be fired after being held responsible for a near collision of two trains. Edison obtained the exclusive right to sell newspapers on the road, and, with the aid of four assistants, he set in type and printed the Grand Trunk Herald , which he sold with his other papers. This began Edison's long streak of entrepreneurial ventures, as he discovered his talents as

9858-856: Was born in 1847 in Milan, Ohio , but grew up in Port Huron, Michigan , after the family moved there in 1854. He was the seventh and last child of Samuel Ogden Edison Jr. (1804–1896, born in Marshalltown, Nova Scotia ) and Nancy Matthews Elliott (1810–1871, born in Chenango County, New York ). His patrilineal family line was Dutch by way of New Jersey ; the surname had originally been "Edeson". His great-grandfather, loyalist John Edeson, fled New Jersey for Nova Scotia in 1784. The family moved to Middlesex County, Upper Canada , around 1811, and his grandfather, Capt. Samuel Edison Sr. served with

9964-521: Was determined to find a native supply of rubber. Edison's work on rubber took place largely at his research laboratory in Fort Myers, which has been designated as a National Historic Chemical Landmark. The laboratory was built after Thomas Edison, Henry Ford, and Harvey S. Firestone pulled together $ 75,000 to form the Edison Botanical Research Corporation. Initially, only Ford and Firestone were to contribute funds to

10070-467: Was exposed to a poisonous dose of radiation; he later died (at the age of 39) of injuries related to the exposure, including mediastinal cancer. In 1903, a shaken Edison said: "Don't talk to me about X-rays, I am afraid of them." Nonetheless, his work was important in the development of a technology still used today. Edison invented a highly sensitive device, that he named the tasimeter , which measured infrared radiation . His impetus for its creation

10176-511: Was generally told to carry out his directions in conducting research, and he drove them hard to produce results. William Joseph Hammer , a consulting electrical engineer , started working for Edison and began his duties as a laboratory assistant in December 1879. He assisted in experiments on the telephone, phonograph, electric railway, iron ore separator , electric lighting , and other developing inventions. However, Hammer worked primarily on

10282-634: Was later called Seminole Lodge as a winter retreat. The main house and guest house are representative of Italianate architecture and Queen Anne style architecture . The building materials were pre-cut in New England by the Kennebec Framing Company and the Stephen Nye Lumber Company of Fairfield Maine. The materials were then shipped down by boat and were constructed at a cost of $ 12,000 each, which included

10388-476: Was not until several months after the patent was granted that Edison and his team discovered that a carbonized bamboo filament could last over 1,200 hours. Attempts to prevent blackening of the bulb due to emission of charged carbon from the hot filament culminated in Edison effect bulbs, which redirected and controlled the mysterious unidirectional current. Edison's 1883 patent for voltage-regulating

10494-563: Was now being referred to as a " war of the currents ". The development of the electric chair was used in an attempt to portray AC as having a greater lethal potential than DC and smear Westinghouse, via Edison colluding with Brown and Westinghouse's chief AC rival, the Thomson-Houston Electric Company, to ensure the first electric chair was powered by a Westinghouse AC generator. Edison was becoming marginalized in his own company having lost majority control in

10600-495: Was recruited by Edward H. Johnson and joined the Edison organization in 1883. One of Sprague's contributions to the Edison Laboratory at Menlo Park was to expand Edison's mathematical methods. Despite the common belief that Edison did not use mathematics, analysis of his notebooks reveal that he was an astute user of mathematical analysis conducted by his assistants such as Francis Robbins Upton, for example, determining

10706-580: Was switched on, providing 110 volts direct current (DC), initially to 59 customers in lower Manhattan , quickly growing to 508 customers with 10,164 lamps. The power station was decommissioned in 1895. Eight months earlier in January 1882, to demonstrate feasibility, Edison had switched on the 93 kW first steam-generating power station at Holborn Viaduct in London. This was a smaller 110 V DC supply system, eventually supplying 3,000 street lights and

10812-437: Was the desire to measure the heat from the solar corona during the total Solar eclipse of July 29, 1878 . The device was not patented since Edison could find no practical mass-market application for it. Chief executive officer A chief executive officer ( CEO ), also known as a chief executive or managing director , is the top-ranking corporate executive charged with the management of an organization , usually

10918-488: Was the establishment of an industrial research lab in 1876. It was built in Menlo Park , a part of Raritan Township (now named Edison Township in his honor) in Middlesex County, New Jersey , with the funds from the sale of Edison's quadruplex telegraph . After his demonstration of the telegraph, Edison was not sure that his original plan to sell it for $ 4,000 to $ 5,000 was right, so he asked Western Union to make

11024-527: Was used in all telephones along with the Bell receiver until the 1980s. In 1878, Edison began working on a system of electrical illumination, something he hoped could compete with gas and oil-based lighting. He began by tackling the problem of creating a long-lasting incandescent lamp, something that would be needed for indoor use. However, Thomas Edison did not invent the light bulb. In 1840, British scientist Warren de la Rue developed an efficient light bulb using

11130-515: Was valid. To avoid a possible court battle with yet another competitor, Joseph Swan , who held an 1880 British patent on a similar incandescent electric lamp, he and Swan formed a joint company called Ediswan to manufacture and market the invention in Britain. The incandescent light bulb patented by Edison also began to gain widespread popularity in Europe as well. Mahen Theatre in Brno (in what

11236-665: Was with the Thomson-Houston Co. (one of General Electric's two predecessors) before settling down in Chicago in 1902 and establishing the H. M. Byllesby Co., which provided engineering and management services to electric utilities. Byllesby acquired the Stillwater Gas & Electric Co. of Stillwater, Minnesota in 1909, and reorganized it as the Washington County Light & Power Co. This was

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