Transparency for Better Stock Investing – Part 4 of 5
Harrington Emerson was more than a consulting engineer. He was a pioneer of professional business management. The zenith of his career coincided with the development of a stock market structure, and with the Great Depression and its aftermath as well. He passed away more than two decades before Peter Drucker introduced Management by Objectives to the management world. After reading the writings of Harrington Emerson on the 12 Principles of Efficiency, a person has to conclude that Drucker did not know about this book when he was published for the first time. A take-away from this piece of U.S. business…