Unformatted text preview: Executives and key staff members close to Edison, especially his lawyers, impressed upon him the importance of a centralized organization to the long-term health of the Edison companies. On March 2, 1911, Thomas Edison, Inc. was born. The new company was the first step toward combining all the Edison companies under a single head. In addition to greatly streamlining business headaches, it had the additional benefit of capitalizing at about $12 million. The new structure also allowed the less- profitable branches of Edison's ventures, such as the dictating machine company, to access more capital for research and development. By 1915, TAE, Inc., was a multipronged enterprise with a centralized administration. Edison continued his experiments. His biggest project during this time was developing a storage battery. Inventors had been struggling to develop a storage battery (as opposed storage battery....
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This note was uploaded on 12/13/2011 for the course ART 2313 taught by Professor Staff during the Fall '10 term at Texas State.
- Fall '10