- Great American Business Leaders of the Twentieth Century
Henry S. Dennison
Dennison Manufacturing Company
1912 - 1952
Wood, Paper & Forestry
b. 1877
| Education |  |
|---|---|
| Undergraduate | Harvard University |
| Personal | |
|---|---|
| Born-Died | 1877 - 1952 |
| Birthplace | Massachusetts (MA) |
| Race | White |
| Father | Head, Same Company |
In 1916, Dennison Manufacturing established the first employer-initiated unemployment insurance system in the United States. Dennison also initiated a program to end absentee stockholder control over company policy, called the “Management Industrial Partner” program, in which absentee stockholders were issued preferred (non-voting) stock, and working managers controlled voting stock. From 1917 to 1951, Dennison Manufacturing’s sales increased from $3.5 million to over $37 million.