Great American Business Leaders of the 20th Century
Wallace R. Persons
Emerson Electric Company
1954–1973
1954–1973
Emerson Electric Company
1954–1973
1954–1973
- Industry: Fabricated Goods
- Era: 1950
During his twenty year tenure, Persons took Emerson from a small fan and motor maker with sales of $50 million to a large diversified industrial manufacturer with sales of over $900 million. Noted for continuously cutting costs and conservatively acquiring only smaller companies compatible with Emerson’s expertise, Persons grew the company slowly while maintaining record breaking earnings each successive year.