Special Events :: U.S. Business Hall of Fame

 

Laureate Archive | Alpha Order: M
William L. McKnight
3M
William L. McKnight
(1887 - 1978)
Inducted: 1995
Region: MidWest
Industry: Engineering
Manufacturing
In 1907 William McKnight took a job as assistant bookkeeper at a nearly bankrupt sandpaper manufacturing company. Nine years later he introduced the company to research by spending $500 for a laboratory to test the quality of the company’s sandpaper. He also ordered the lab to search for new products. Half a century later McKnight retired as chairman of one of the largest and most prodigiously innovative companies in history–3M. Today 3M manufactures some 60,000 products.