Title and Description Page
Early Education 1
Influence of third grade teacher and father on interests and personality. High school education in Ecuador and emphasis on science and math.
Early Career Development 2
Decision to work for Dow International. Sales position and effects of shyness. Move to Dow offices in Europe and Brazil. Relationships with Clayton Shoemaker, Ben Branch, Carl Gerstacker. Views of Dow International. Relations between Dow USA and Dow International; personnel practices. Influence in changing composition of the Board.
View of Innovation 7
Importance of being best internationally. New product discovery, plant engineering, product improvement, business products. Competition. Influence of World War II. Innovation and personnel.
View of Management 11
Adoption of management techniques. Deal with personnel. Example of polycarbonates development. Gut instinct and example of chlorine cells. Loyalty and creativity. Individual personalities and strategies for developing personnel.
View of Public Issues 20
Environmental concerns and the Superfund. Dow's support for his public stance. EPA and government/industry relations. Dow's relations with the CMA, the Business Roundtable, the Business Council, and Congress.
View of Changes at Dow and in the Chemical Industry 25
Effects of stockholders on Dow and other companies. Internationalization and the global economy. Decline of integrated chemical companies, competitors. Consolidation and licensing. Dow and the pharmaceutical business. The FDA, Seldane, and other products. Marion Merrell-Dow. Dow's research emphasis and internal reward system. Diversification vs. solidification of the core business. The future vitality of chemical innovation. The vulnerability and importance of basic research. Problems with the public perception of the industry.
Meaning Attributed to Public Awards 33
Society of Chemical Industry (SCI) Award, Palladium and Centenary Medals, Spanish government award. SCI Medal address and view of legal profession.
Closing Comments 36
Retirement activities. Professional life, board activity, horse racing, and travel. Opportunities in the U.S. Diversification in Dow and the industry. Carl Gerstacker, Ben Branch; ethical integrity at Dow and corruption in international chemical industry. Personal impact on Dow culture. Gambling at Dow.