JohnsonMMBA5150_6_SpeakerNotes.docx

JohnsonMMBA5150_6_SpeakerNotes.docx - SLIDE#1 Title Slide...

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SLIDE #1 – Title Slide SLIDE #2 – Agenda SLIDE #3 – The History of Follett SLIDE #4 Follett has been in business providing the education industry with various resources for more than 140 years making it easier for schools, teachers, and students. In 1873 Follett Corporation was founded when Charles M. Barnes opened a used bookstore inside of his home in Wheaton, Illinois, a suburb of Chicago. Three years later in 1876 the business was renamed C.M. Barnes and Company and was relocated to Chicago where new and used textbooks, stationery, and school supplies were sold. In 1901, C.W. Follett came aboard as a stock clerk. One year later in 1902, Charles Barnes retired and his son became the new president of the company. Follett then evolved into a used book wholesaler. In 1908 the company was reorganized when Barnes’ father-in-law, John Wilcox, became the primary shareholder. C.W. Follett became vice president and a shareholder in 1912. William Barnes sold his interest in the company and moved to New York where he founded Barnes & Noble with G. Clifford Noble in 1917. In 1918 C.W. Follett took over and renamed the business J.W. Wilcox & Follett Company. John Wilcox died five years later in 1923. SLIDE #5 In 1924, C.W. Follett and his wife, Edythe purchased J.W. Wilcox & Follett Company. A year later, C.W. Follett’s son, Dwight founded the Follett Publishing Company. Over the next year, more of Follett’s sons joined the family business. R.D. (Bob) Follett founded the Follett College Book Company in 1930 and started wholesaling used textbooks to college bookstores and professors. The first retail bookstore on a college campus just outside of Chicago was established the following year. Garth Follett created Follett Library Book Company in 1940 and Laddie Follett ran the original business of Wilcox & Follett from 1952 to 1986. In 1952, when he was 70, C.W. Follett passed away leaving Dwight Follett as chairman. In 1957 the business was renamed Follett Corporation. During the next forty years, Follett continued to grow and in 1997 Follett joined Internet Systems, Inc. and formed Library Systems and Services, L.L.C. This new joint venture provided library management services to public, academic and corporate libraries. In 1998, Follett celebrated their 125 th anniversary.
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SLIDE #6 The eFollett.com website was launched in 1999. In 2000, Follett combined three core market groups creating Follett Higher Education Group and Follett Library and School Group. Follett
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