Morton Leon Mandel (born 19 September 1921) is an American business, businessman and philanthropist figure. Together with his two brothers, Jack and Joe, he founded Premier Industrial Corporation in 1940, which later became one of the world's leading electronic components and components. Mandel is known for his philanthropic activities in Cleveland, and in Jewish and Israeli institutions.
Mandel holds a bachelor's degree and 11 honorary doctorates.
Video Morton Mandel
Kehidupan awal
Mandel was born in Cleveland, Ohio, to a Jewish family. Her mother, Rose, along with her brothers, Meriam, Jack, and Joseph, immigrated from Galicia to the United States on June 19, 1920, with the help of the Red Cross. Morton's father, Simon, had immigrated from Nowy Sancz, Poland (near Krakow) to the United States in 1913, planning to bring his family after he became established in Ohio.
Morton was born 15 months after his mother's immigration, in Cleveland, where his parents run a dry goods store. The family then moved several times because they could not afford to pay their monthly rent. Growing up, Mandel shared a room with his two brothers, dressed in secondhand items, and had little money. However, despite their economic difficulties, Mandel's mother often gave her little to do charity. His family continued the Jewish tradition when in the United States, sending the young Mandel to the Hebrew school in the afternoon.
After the bar mitzvah, at the age of 13, he started working after school selling hot dogs, drinks, nuts, and popcorn at Cleveland Municipal Stadium. Mandel's father suffered from multiple sclerosis, and when his illness developed, he had to be treated by his wife. Eventually he lay in bed and his wife became the sole provider for the family, selling clothes from suitcases on the streets of Cleveland. After graduating from high school, Mandel attended a chemistry program at Adelbert College, but quit in his second year to join the automotive parts store he and his brothers had purchased from their uncle Jacob Mandel.
Maps Morton Mandel
Careers
Initial work
In the spring of 1940, Mandel's uncle Jacob Mandel decided to leave Cleveland to Chicago, and offered to sell his car repair shop to Mandel's brother, Jack. Jack gathers his two brothers, Joe, who sells soap, and Morton, who works in the shop after school, and opens their first business. They spent their $ 900 savings to buy it and also received a $ 3,000 loan for supplies from their uncle, Conrad Mandel. On August 1, 1940, they opened the Premier Automotive Supply Company, which sells auto parts.
Military services
In 1943, Morton was recruited by the US Army to fight in World War II. A few months after he signed up, the Army sent him and thousands more back to school, fearing the shortage of wartime engineers. Mandel spent two years as a student for the Army, first at Pomona College in Claremont, California, and then at the University of California, Berkeley. In 1946, once the war was over, Mandel, now a Lieutenant 2, was sent back to Cleveland.
During his stint in World War II, Mandel was assigned to transport fifteen wounded American soldiers from an army hospital in Memphis to another hospital in the south. Along the way, the entourage stopped for lunch. The African American troops in the group were denied entry into the restaurant, one where German prisoners of war were being served. Angered by this act of racism, Mandel took the group away from the restaurant, where they could pay with meal vouchers, and bought them sandwiches from a street vendor.
Premier Industry Company
In 1945, after Mandel returned from service, he returned to his family business with Joe, who had also returned from work in a war factory, and Jack, who continued to run his business during the service of his brothers. Upon returning, Mandel acts as general manager of the company and handles business management. Originally an automotive parts distributor, Premier Automotive was founded as Premier Autoware in 1946. Shortly after that, the brothers realized that their share was also sold by many other distributors, and that the profit margins they generated were barely enough to live. After months of asking their customers what parts they need, they form lists of "hard to find" parts, and find sources to buy them. They then sell the "hard earned" parts, and as a result, their sales are increasing with great demand and their business is starting to grow.
The brothers also set up their business around the principles of customer service, using slogans such as "Killing Yourself for Your Customers", "Always Trying to Raise the Bar", and "Focus on Our People". In fulfilling this objective, they hire an engineer who is responsible for helping and understanding the needs of their customers. Then, they build a 24-hour customer service department, including holidays and weekends, answering and addressing clients' needs. An example of this service is when a trip at Walt Disney World is damaged on Saturday and the company has the necessary parts sent within a few hours of the same day.
They then acquired the electronic supply division, which led the company to expand its scope and business. In 1955, Mandel hired Bob Warren, who helped change the company, and in 1972 became President. In May 1960 the company changed its name to the Premier Industrial Company, and Mandel launched its initial public offering, with his siblings retaining 70% of the ownership. Four years later, the company was listed on the NYSE. This allows the company to acquire more than a dozen industrial and electronic spare parts companies. The purchase of Newark Electronics, in 1968, significantly expanded the company's reach into the electronic component business. In addition to specializing in the distribution of electronic equipment, maintenance products and fire-fighting equipment, Premier Industrial Corporation also markets a wide range of products including lubricants, welding equipment, and fasteners to over 100,000 customers worldwide.
In the late 1960s, Mandel began working in the Cleveland business community, serving as Director of Central National Bank of Cleveland and Cleveland Electric Illuminating Co. until 1979, when he left them to focus on philanthropic activities. When Premier Industrial Corporation grew, Mandel met every month with Peter Drucker, who consulted on various matters concerning the company.
In the 1970s, Premier Industrial Corporation began operations in Europe, and in 1977, the company has opened a company's research and development center, where the company adapts its products to customer needs. In 1984, the company had 18 divisions, with electronics accounting for half of the $ 465 million in sales, and the company generated a net profit of $ 48 million. It later became one of the largest distributors of US electronic parts and components. During his stay at the Palm Beach Country Club, Mandel met with Bernard Madoff, and although most of his advisers liked the investment in Madoff funds, Mandel refused because of Madoff's lack of transparency. Premier Industrial Corporation earned numerous business awards, including being one of the top 50 companies profiled in 1995, Making It in America.
In 1996, when Premier Industrial Corporation had 16 different divisions and was worth nearly $ 3 billion, merged with the British company Farnell Electronics PLC to form Premier Farnell PLC, one of the world's largest suppliers of industrial and electronic components. Mandel served as Vice Chairman of Premier Farnell until 2002.
During Mandel's 36 years as Chairman of the Premier Industry Company, the company has 34 years ended in profit growth and within 30 years of it, net profit after tax, more than 10% of its business operations.
Israel
Mandel's first business engagement in Israel took place in 2003, when Parkwood Corporation, a private investment firm Mandel Brothers, founded Israel Equity Limited (IEL). Mandel serves as Chairman of this company. IEL is an investment company that aims to contribute to the Israeli industrial sector by purchasing industrial companies and improving the management and results of their business. IEL has acquired and invested in Tadbik Group, Bikur Rofe, and Phenicia Glass Works Ltd. This investment totally employs more than 800 workers.
Mandel invests in the hi-tech sector, and has investments in this field. His first investment was Medivent, the second hi-tech company in Israel. In 2011, Mandel was one of Pontifax's first investors, focusing on investments in biological sciences companies.
Personal life
In 1949, Mandel met Barbara whom he married, and with whom he had three children. Mandel and his wife have their homes in Cleveland, Florida, and New York.
In 1967, after the Six Day War, Mandel and his wife first visited Israel, which, along with his involvement in the Jewish community in Cleveland, became an important part of his life.
In 2012, Mandel publishes his book It's All About Who You Rent, How They Lead... and Other Important Advice from Self-Made Leaders explains his business philosophy and philanthropy. The book is also published in China and Israel.
On May 19, 2013, Morton received his bachelor's degree from Case Western Reserve University, having completed his academic studies beginning at his first enrollment, in 1939. He is an active member of Zeta Beta Tau Fraternity.
Philanthropy
Mandel and his brothers began to give alms in 1947, and as their business grew, they became very active in philanthropy.
In 1953, the three brothers established the Mandel Foundation, which supports many charities. The foundation started philanthropy in Israel in 1990. The Mandel Foundation headquarters is located in Cleveland.
In the late 1970s Mandel began to devote more time to philanthropy in the Cleveland area, serving as:
- Case Western Reserve University, Trustee
- Cleveland Museum of Art, Trustee
- Music Art Association (Cleveland Symphony Orchestra), Trustee
- Cleveland Tomorrow, Co-Founder and Vice Chair
- Jewish Community Center Cleveland, President, 1952-1957
- The Jewish Community of the Cleveland Federation, President, 1974-1977
- United Way Services, Chairman of the Board, 1979-1981; President, 1977-1979
- Cleveland City Project MOVING (formerly Mayor's Committee for Volunteerism), Founder, 1981
- Park Works (formerly Clean-Land, Ohio), Co-founder and Trustee, 1981-1997
- MidTown Cleveland, Founder and Leader, 1982-1985; Trustee, 1982
- Mandel Center for Nonprofits, CWRU, Co-Founder, 1984
In 1973, Mandel founded Ten Plus Club in Cleveland, which recruited business leaders who agreed to increase its contribution to $ 10,000. Mandel and his two brothers also donated more than $ 1 million to Cleveland's United Way humanitarian service campaign. In 1988, at a ceremony in the White House yard, President Ronald Reagan awarded Premier Industrial Corporation a Presidential Award for social initiatives in the private sector. In the same year, the Mandel Foundation made a naming gift for what was then the School of Applied Social Sciences at Case Western Reserve University. In 2013, the school's social work program, ranked 9th in the country at the time, earned an additional $ 8 million from the Mandel Foundation.
In 1988, the Mandel Foundation, the Cleveland Foundation, the George Gund Foundation, the Ford Foundation, and other private, public, and philanthropic interests established the Cleveland Neighborhood Progress Inc. Mandel chairs the project.
In the early 1990s, Mandel became a financial supporter of the initiative reflected in the Jewish Education Commission in the 1990 North American report "A Time to Act," which calls for strengthening the Jewish educational profession and mobilizing public support for Jewish learning. In 1992, Mandel founded the Mandel Leadership Institute in Jerusalem, which trains social leaders in various programs, including the Israel Defense Forces Education and Education Leadership Education Development School. In 2014, the Mandel Leadership Institute has more than 400 graduates.
In 2004, the Mandev Center for Leadership in Negev was established, working closely with local authorities, nonprofits, and social activists to develop local leadership in the region and improve the quality of life of the Negev population. The center also serves to create a better relationship between the Jewish and Bedouin communities in the region. At Ben-Gurion Negev University, the Mandel Foundation offers an MBA program in social leadership to encourage a new group of Israeli leaders that combine a business approach with a commitment to social values.
In 2007, the Mandel Foundation contributed $ 22.5 million to establish the Mandel Center for Humanity at Brandeis University, which focuses on the fields of literature, language, and philosophy.
Since 2010, several institutions and buildings have been established by the Mandel Foundation, including the Mandel Building of the Jewish Federation of Cleveland; Jewish Community Center Mandel in Cleveland and at Palm Beach Gardens, and the Mandel School for Advanced Study in Humanity at the Hebrew University of Jerusalem, adjacent to the university's Mandel Institute of Jewish Studies.
In 2010, the Mandel Foundation donated $ 5 million to build a new Jewish Community Center in Palm Beach Gardens and $ 12 million for the new Wing Mandel for Jewish Art and Life at the Israel Museum in Jerusalem.
In early 2012, the Mandel Foundation donated $ 5 million to the West Palm Beach public library. Later that year the foundation also gave $ 18 million in grants to build a new Mandel School for Advanced Studies in Humanities at the Hebrew University of Jerusalem, as well as an annual contribution of $ 2.5 million to support the program there.
In 2013, the Mandel Foundation donated $ 25 million to build a new Jerusalem campus for Bezalel Art and Design Academy, in addition to the support it provides at Bezalel's annual exhibition.
In June 2013, Temple-Tifereth Israel received a corresponding $ 16 million commitment from the Mandel Foundation for a major expansion and renovation of the Beachwood campus in Ohio.
In November 2013, the Mandel Foundation announced a $ 5 million donation to establish the Be'er-Sheva Children's World Museum and a $ 1 million grant to the Cleveland Institute of Art for the modernization and unification of the campus. The Foundation awarded $ 5.25 million to Brandeis University to fund newly blessed faculty seats and to improve the curriculum of the Mandel Studies Center in Jewish Education.
In 2014, Smithsonian's Cooper-Hewitt, the National Design Museum in New York City received a $ 10 million prize from Morton and Barbara Mandel Family Foundation.
In February 2014, the Mandel Foundation awarded a $ 13 million grant to build a new building and a new program for the Mandel Institute for Social Leadership, located on the campus of Ben-Gurion University.
In total, Mandel, his wife, and two brothers, have donated about $ 1 billion to charity and cultural reasons, of which a third go to Israeli institutions.
The Mandel Foundation has been responsible for publishing more than 30 books and monographs.
Awards and honors
Over the years Mandel has received many awards and citations for his contributions to various causes, including:
- Presidential Award (by President Ronald Reagan) for Private Sector Initiative
- George S. Dively Award for Corporate Leadership in Urban Development
- General Leader of the Year, Cleveland, Ohio
- Charles Eisenman Award, Jewish Community Federation Cleveland
- Frank L. Weil Award, JCC Association
- Citizens of the Year, Cleveland's Board of Directors
- Honorary Fellow, Bezalel Academy of Arts & amp; Design
- Business Opinion This Year, Harvard Business School of Cleveland
- Best Management Performance Award, Case Western Reserve University, Weatherhead Management School
- Business Executive of the Year, Sales & amp; Cleveland Marketing Executive
- Newton D. Baker Distinguished Alumni Award, Case Western Reserve University
- Best Entrepreneur, Cleveland City League
- Best Young Youth of the Year, Junior Cleveland Chamber of Commerce
Mandel has also received honorary doctorates from the following universities:
- Case Western Reserve University, Cleveland, OH
- Cleveland State University, Cleveland, OH
- Brandeis University, Boston, MA
- Hebrew University of Jerusalem, Israel
- Ben Gurion University in Negev, Israel
- Yeshiva University, New York, NY
- Hebrew Union College, Cincinnati, OH
- Gratz College, Philadelphia, PA
- Cleveland College of Jewish Studies, Cleveland, OH
- Hebrew College, Boston, MA
References
Further reading
- Mandel, Morton & amp; Byrne, John (November 2012), It's All About Who You Rent, How They Lead... and Other Important Advice from Self-Generated Leaders
External links
- Official Morton Mandel website
- Mandel Foundation Sites
- Jack, Joseph & amp; Morton Mandel School of Applied Social Sciences
- The Mandel Legacy - "Our Cup Runneth Over"
- Morton Mandel: Executive & amp; Biography - Businessweek
- American Harvard Business Leader - Morton Mandel
- Morton Mandel on Hiring "A Employees" - American Management Association
- Premier Industrial Corporations History
Articles
- The Mandel Foundation Donates $ 25 Million For Bezalel's New Campus
- Mandel gets the title 74 years after first signing up
- Cooper-Hewitt Received $ 10 Million From Morton and Barbara Mandel Family Foundation
- Academy of Arts and Science of the United States Honor Morton Mandel
Source of the article : Wikipedia
0 Comments