Slipstream: the autobiography of an air craftsmanWilson, Eugene E.
History
Slipstream: the autobiography of an air craftsman
Wilson, Eugene E.
Aircraft industry -- United States -- Biography; United States. Navy -- Aviation; Wilson, Eugene E., 1887-1974
All this was a revelation to me in more ways than one. Like most
naval officers I had absorbed something of the point of view of the
professional man who tends to look down his nose at the tradesman.
Overimpressed by the sins of a few profiteers, we considered
businessmen mere money grubbers inclined to wink at sharp practices,
if not downright dishonesty. To the professional man, especially one
in public service, whose compensation does not clearly reflect the
results of his own efforts, the real reward lies in his knowledge of
a job well done. To some, this provides all the incentive required,
but to most it furnishes an excuse to sit on the beach and watch the
ebb and flow of the tides. The military man is prone to forget that
some hard worker must create the wealth necessary to support him in
the honorable estate to which he has become accustomed and that if
comparable salaries make his appear modest, Uncle Sam is lavish with
the perquisites.
When I sought to probe these matters with J. F. McCarthy, I found a
kindred spirit. From the inception of the company, Fred Rentschler
had brought Mac into every business discussion and decision; it had
been his idea that finance should walk hand in hand with operations
rather than bring up the rear with a truck load of old ledgers. He
had, therefore, given Mac a high degree of autonomy in financial
matters especially in the subsidiaries and Mac had used this so
skillfully that everyone in the organization respected his business
judgment and admired his integrity.
As time passed, and my responsibilities in United widened, Mac and
I expanded our viewpoints together. Shortly after completing the
physical consolidation at Pittsburgh, I was made president of the
Sikorsky company at Bridgeport. A year later, after Chance Vought
had died suddenly, I became head of his company in East Hartford.
In less than a year, I, the least experienced businessman in United
had fallen heir to its three problem children. As the depression
deepened, and vast social changes began to take place, I sensed
the far-reaching responsibilities that attach to the head of a
manufacturing organization. Aside from the normal headaches incident
to managing a competitive enterprise during a period of world-wide
depression, there were heavy responsibilities imposed by strange
forces unleashed by politicians prying open Pandora’s Box. This was
an era when American business was placed on trial for its very life.
Public-domain text, read in full here on John Shaqi.
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