DuPont

Author: Liu Zaixing
Publisher:
Publish Date: 2002-10-01
Features: The DuPont family immigrated from France to the United States 200 years ago and founded the DuPont Company. Through the efforts of eight generations, a small explosives company has grown into one of the largest industrial empires in the United States. They seized opportunity after opportunity, allowing the family's wealth to surge and making the DuPont family's affairs intertwined with the nation's major events. Many things we take for granted today could not have been created without the DuPont family: the earliest joint-stock company in American history, also the earliest family-controlled company; the corporate pension system; the practice of running schools and providing cultural and vocational training for employees and their children; the policy of permanent employment, which includes not only job wages, performance-based wages, and seniority-based wages, but also allows children to take over after retirement; strict quality management and unique marketing plans. All of this has long since belonged not just to the DuPont family.