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Georges Doriot
Georges Frédéric Doriot (September 24, 1899 – June 1987) was a French-American known for his prolific careers in military, academics, business and education. An émigré from France, Doriot became a professor of Industrial Management at Harvard Business School and then director of the U.S. Army's Military Planning Division, Quartermaster General, during World War II, eventually being promoted to brigadier general. In 1946, he founded American Research and Development Corporation, regarded as one of the world's two first venture capital firms, earning him the sobriquet "father of venture capitalism". In 1957, he founded INSEAD, now one of the world's top business schools. Biography Youth, education and military service Doriot was born in Paris, France in 1899, to Berthe Camille Baehler and Auguste Doriot, the pioneering motorist, racer, engineer, factory manager, dealer and car manufacturer (owner of D.F.P.). Doriot enlisted in the French army in 1920. He emigrated to ...
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Paris
Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. Since the 17th century, Paris has been one of the world's major centres of finance, diplomacy, commerce, fashion, gastronomy, and science. For its leading role in the arts and sciences, as well as its very early system of street lighting, in the 19th century it became known as "the City of Light". Like London, prior to the Second World War, it was also sometimes called the capital of the world. The City of Paris is the centre of the Île-de-France region, or Paris Region, with an estimated population of 12,262,544 in 2019, or about 19% of the population of France, making the region France's primate city. The Paris Region had a GDP of €739 billion ($743 billion) in 2019, which is the highest in Europe. According to the Economis ...
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Executive MBA
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management. Some programs also include elective courses and concentrations for further study in a particular area, for example, accounting, finance, marketing, and human resources, but an MBA is intended to be a generalized program. MBA programs in the United States typically require ...
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Geneva
Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situated in the south west of the country, where the Rhône exits Lake Geneva, it is the capital of the Republic and Canton of Geneva. The city of Geneva () had a population 201,818 in 2019 (Jan. estimate) within its small municipal territory of , but the Canton of Geneva (the city and its closest Swiss suburbs and exurbs) had a population of 499,480 (Jan. 2019 estimate) over , and together with the suburbs and exurbs located in the canton of Vaud and in the French departments of Ain and Haute-Savoie the cross-border Geneva metropolitan area as officially defined by Eurostat, which extends over ,As of 2020, the Eurostat-defined Functional Urban Area of Geneva was made up of 93 Swiss communes and 158 French communesFederal Statistical O ...
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Natick, Massachusetts
Natick ( ) is a town in Middlesex County, Massachusetts, United States. It is near the center of the MetroWest region of Massachusetts, with a population of 37,006 at the 2020 census. west of Boston, Natick is part of the Greater Boston area. Massachusetts's center of population was in Natick at the censuses of 2000-2020, most recently in the vicinity of Hunters Lane. Name The name ''Natick'' comes from the language of the Massachusett Native American tribe and is commonly thought to mean "Place of Hills." A more accurate translation may be "place of ursearching," after John Eliot's successful search for a location for his Praying Indian settlement. History Natick was settled in 1651 by John Eliot, a Puritan missionary born in Widford, England, who received a commission and funds from England's Long Parliament to settle the Massachusett Indians called Praying Indians on both sides of the Charles River, on land deeded from the settlement at Dedham. Natick was the first o ...
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Doriot Climatic Chambers
The Doriot Climatic Chambers (DCCs) are a pair of very large, highly specialized wind tunnels/environmental chambers located at the U.S. Army’s Soldier Systems Center (SSC) in Natick, Massachusetts. Built in 1952, the Chambers are a unique facility, capable of simulating an extreme range of global weather conditions for the testing of both the physical properties of military equipment and the physiology and adaptations of human subjects. A variety of tenants utilize the DCCs, which are operated by the U.S. Army Research, Development, and Engineering Command (RDECOM). History The DCCs were constructed from 1952 to 1954 at the time of the founding of what is now the U.S. Army Research, Development, and Engineering Command (RDECOM) and Center. At a rededication ceremony on 24 August 1994, the facility was named for Brigadier General Georges F. Doriot (1899–1987), a French-American who, during World War II, worked with a large staff in the Quartermaster Corps to develop, t ...
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The Boston Globe
''The Boston Globe'' is an American daily newspaper founded and based in Boston, Massachusetts. The newspaper has won a total of 27 Pulitzer Prizes, and has a total circulation of close to 300,000 print and digital subscribers. ''The Boston Globe'' is the oldest and largest daily newspaper in Boston. Founded in 1872, the paper was mainly controlled by Irish Catholic interests before being sold to Charles H. Taylor and his family. After being privately held until 1973, it was sold to ''The New York Times'' in 1993 for $1.1billion, making it one of the most expensive print purchases in U.S. history. The newspaper was purchased in 2013 by Boston Red Sox and Liverpool owner John W. Henry for $70million from The New York Times Company, having lost over 90% of its value in 20 years. The newspaper has been noted as "one of the nation's most prestigious papers." In 1967, ''The Boston Globe'' became the first major paper in the U.S. to come out against the Vietnam War. The paper's 20 ...
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Textron
Textron Inc. is an American industrial conglomerate based in Providence, Rhode Island. Textron's subsidiaries include Arctic Cat, Bell Textron, Textron Aviation (which itself includes the Beechcraft, and Cessna brands), and Lycoming Engines. It was founded by Royal Little in 1923 as the Special Yarns Company. In 2020, Textron employed over 33,000 people in 25 different countries. The company ranked 265th on the 2021 ''Fortune'' 500 of the largest United States corporations by revenue. History Early history Textron started as a textile company in 1923, when 27-year-old Royal Little founded the Special Yarns Corporation in Boston, Massachusetts. The company manufactured synthetic yarns, a niche product at the time. By the start of World War II, the company was known as Atlantic Rayon Corporation and manufactured parachutes. As war production wound down, the company started making civilian products as well and was renamed Textron: “Tex" for "textiles" and "tron" ...
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Ken Olsen
Kenneth Harry "Ken" Olsen (February 20, 1926 – February 6, 2011) was an American engineer who co-founded Digital Equipment Corporation (DEC) in 1957 with colleague Harlan Anderson and his brother Stan Olsen. Background Kenneth Harry Olsen was born in Bridgeport, Connecticut and grew up in the neighboring town of Stratford, Connecticut. His father's parents came from Norway and his mother's parents from Sweden. Olsen began his career working summers in a machine shop. Fixing radios in his basement gave him the reputation of a neighborhood inventor. After serving in the United States Navy between 1944 and 1946, Olsen attended the Massachusetts Institute of Technology, where he earned both a BS (1950) and an MS (1952) degree in electrical engineering. Career Pre-DEC During his studies at MIT, the Office of Naval Research of the United States Department of the Navy recruited Olsen to help build a computerized flight simulator. Also while at MIT he directed the building of the ...
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Internal Rate Of Return
Internal rate of return (IRR) is a method of calculating an investment’s rate of return. The term ''internal'' refers to the fact that the calculation excludes external factors, such as the risk-free rate, inflation, the cost of capital, or financial risk. The method may be applied either ex-post or ex-ante. Applied ex-ante, the IRR is an estimate of a future annual rate of return. Applied ex-post, it measures the actual achieved investment return of a historical investment. It is also called the discounted cash flow rate of return (DCFROR)Project Economics and Decision Analysis, Volume I: Deterministic Models, M.A.Main, Page 269 or yield rate. Definition (IRR) The internal rate of return on an investment or project is the "annualized effective compounded return rate" or rate of return that sets the net present value of all cash flows (both positive and negative) from the investment equal to zero. Equivalently, it is the interest rate at which the net present value of ...
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Digital Equipment Corporation
Digital Equipment Corporation (DEC ), using the trademark Digital, was a major American company in the computer industry from the 1960s to the 1990s. The company was co-founded by Ken Olsen and Harlan Anderson in 1957. Olsen was president until forced to resign in 1992, after the company had gone into precipitous decline. The company produced many different product lines over its history. It is best known for the work in the minicomputer market starting in the mid-1960s. The company produced a series of machines known as the PDP line, with the PDP-8 and PDP-11 being among the most successful minis in history. Their success was only surpassed by another DEC product, the late-1970s VAX "supermini" systems that were designed to replace the PDP-11. Although a number of competitors had successfully competed with Digital through the 1970s, the VAX cemented the company's place as a leading vendor in the computer space. As microcomputers improved in the late 1980s, especially wi ...
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The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded furthe ...
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Karl Compton
Karl Taylor Compton (September 14, 1887 – June 22, 1954) was a prominent American physicist and president of the Massachusetts Institute of Technology (MIT) from 1930 to 1948. The early years (1887–1912) Karl Taylor Compton was born in Wooster, Ohio, on September 14, 1887, the eldest of three brothers (including Arthur Compton and Wilson Martindale Compton) and one sister, Mary. His father, Elias Compton, was from an old American Presbyterian family, and his mother, Otelia Augspurger Compton, was from an Alsatian and Hessian Mennonite family that had recently immigrated to the United States. He came from a remarkably accomplished family in which his brother Arthur became a prominent physicist and sister Mary a missionary. Beginning in 1897, Compton's summers were spent camping at Otsego Lake, Michigan while attending Wooster public schools in fall, winter and summer. He took hard labor jobs starting at age eleven to help pay for college, working carrying hods for c ...
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