History 2125F/G Lecture Notes - Lecture 10: Red Scare, Asbestos Strike, Industrial Unionism
20 May 2016
School
Department
Course
Professor
Document Summary
Creates a holding company called argus, he uses this to gain control of companies. Realized you didn"t have to own all 51% of a company. He replaces the management of a company as soon as he can. Gets control of massey-ferguson, the largest agriculture equipment in the world. Fires everyone and hires harvard grads, he doesn"t care what his product is, he cares that his company makes profit. Massey-ferguson started to produce snowmobiles and lawn tractors, but they were good at making farm equipment. Taylor would strip the company of money, and then ditch it. E. p taylor vs. common man benefitting from prosperity. Says the system is sustainable only if you put it back on its original system. We need to take tax pressure off the bottom 95%, the tax system needs to be fair. Example: weathly man can write off his lunch, poor man cannot.
