Elizabeth E. Boit
Boit was the first American woman to establish ownership in the textile industry. She joined forces with Charles N. Winship to establish the Winship, Boit & Company in 1888. While Winship oversaw production, Boit managed the finances and the overall administration of the textile firm. The firm specialized in the production of women’s undergarments that were eventually sold by Lord & Taylor department stores. Boit was considered a maverick in improving the working conditions for her mostly female employees. She even instituted a profit sharing plan which was open to all employees.