- Gerard Swope
Gerard Swope (
December 1 ,1872 -November 20 ,1957 ) was a U.S. electronics businessman. He served as the president ofGeneral Electric Company between 1922 and 1939, and again from 1942 until 1944. During this time Swope expanded GE's product offerings, reorienting GE toward consumer home appliances, and offering consumer credit services.Swope is possibly best-known for his
labor relations innovations. While at GE, Swope implemented numerous laborreforms , making conditions better for employees with voluntary unemployment insurance,profit-sharing , and other programs considered radical in their day. Swope increased sales and overallefficiency (economics) , earning high profits and market share, while focusing on employee training, retention, and loyalty during an era when most Big Business leaders treated labor poorly.Forbes Magazine recently ranked Swope as the 20th most influential businessman of all time [http://www.forbes.com/business/2005/07/01/GE-swope-businessmen-cx_0701swope.html] .
Swope was born in
St. Louis, Missouri toJew ish immigrant parents. He graduated from theMassachusetts Institute of Technology in 1895. He married Mary Dayton Hill. He was the brother ofHerbert Bayard Swope , and father ofHenrietta Swope and [http://www.mptv.net/main/main_elements/swope.html John Swope] , the Hollywood and Life Magazine photographer who married actressDorothy McGuire .He died in
New York City in 1957.
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