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Insull arrived just as Edison was about to introduce commercial electric lighting. Insull became Edison's financial manager, finding the money necessary to build the nation's first electricity-generating plants and electric lines. Insull managed to hunt up investors such as Henry Villard and J. P. Morgan to finance the projects. In 1889 he was one of the original directors of the Edison General Electric Company, organizing its manufacturing base and corporate and sales operations. A takeover of General Electric by eastern financiers such as Morgan left Insull powerless and bitter. In 1892 he relocated west, out of the circle of eastern financiers, becoming the president of the Chicago Edison Company. He went on to make Chicago Edison a model of the industry.
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This section contains 122 words (approx. 1 page at 300 words per page) |
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