| (1924
- 1996) |
| Inducted: |
1986 |
| Region: |
MidWest |
| Industry: |
Manufacturing
|
|
Rene McPherson became responsible for Dana Corp., an auto parts manufacturer, in the late Sixties, converting it into a model of productivity. He eliminated 350 of the 500 staff jobs and reduced a 17-inch stack of operating manuals to a one-page operating statement. He urged his managers to abolish time clocks, encouraged employees to establish their own production goals, and set up a stock-participation plan. In his 12 years as a top executive, McPherson quintupled the companies’ revenues. Earnings per share climbed an average of 15 percent a year. |
