From Industry to Alchemy: Burgmaster, a Machine Tool CompanyThis is a reprint of "When the Machine Stopped: A Cautionary Tale from Industrial America", with a new title. It traces the life and death of a small tool company to illustrate how speculation trumps enterprise |
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Contents
23 | |
Heydays 19601964 | 37 |
Takeover 1965 | 53 |
The Houdaille Way 19661967 | 67 |
Under New Management 1968 | 81 |
Cutting Edge Lost 19691970 | 97 |
Stagnation 19711978 | 129 |
Buyout 19791980 | 149 |
Turning to Washington 19811982 | 171 |
Blame the Japanese 19821983 | 191 |
Demise 19831985 | 223 |
Workers Managers and Alchemists 19861987 | 245 |
Epilogue | 263 |
Common terms and phrases
27 August American Machinist April August Baldrige became began Bezdziecki Bob French Burg Tool Burg's Burgmas Burgmaster employees Burgmaster's capital competition conglomerate Copaken corporate cost debt Delaney Department Dobmeier dollars economic engineering exports factory Folger foreign Fred Burg going Henry Kravis Houdaille Industries Houdaille petition Houdaille's Ibid important industrial policy investment January Japan Japanese builders Jerome Kohlberg JMTBA Joe Burg Kearney & Trecker KKR's knew Kohlberg Kravis lathe leveraged buyout machine tool builders machine tool group machine tool industry machining centers manufacturing March ment mergers Merk milling machine million MITI MITI's months NC machines NMTBA Norm Ginsburg Norton O'Reilly obtained under FOIA Okuma patent percent plant political president Prestowitz problem production profits Reagan Saltarelli seemed share Strippit takeover tion tool changer Tool's turret drill U.S. builders U.S. Congress United USTR Wall Street Journal wanted Washington workers York