netrashetty
Netra Shetty
Goodrich Corporation (NYSE: GR), formerly the B.F. Goodrich Company, is an American aerospace manufacturing company based in Charlotte, North Carolina. Founded in Akron, Ohio in 1870 as Goodrich, Tew & Co. by Dr. Benjamin Franklin Goodrich. The company name was changed to the "B.F. Goodrich Company" in 1880, to BFGoodrich in the 1980s, and to "Goodrich Corporation" in 2001.
In 1869 Benjamin Franklin Goodrich purchased the Hudson River Rubber Company, a small business in Hastings-on-Hudson, New York. The following year Goodrich accepted an offer of $13,600 from the citizens of Akron, Ohio, to relocate his business there.
The company has a history of innovation. As B.F. Goodrich, the company became one of the largest tire and rubber manufacturers in the world, helped in part by the 1986 merger with Uniroyal (formerly the United States Rubber Company). This product line was sold to Michelin in 1988, and the company merged with Rohr (1997), Coltec Industries, and TRW Aeronautical Systems (formerly Lucas Aerospace) in 2002. The sale of the specialty chemicals division and subsequent change to the current name completed the transformation. In 2006, company sales were $5.8 billion dollars, of which 18%, 16% and 12% of total revenues were accounted for by the U.S. government, Airbus and Boeing, respectively.[1]
In 1936 the company entered the Mexican market in a joint venture with Euzkadi (Now part of Continental AG) (named:Goodrich-Euzkadi). The Troy, Ohio plant was purchased in 1946 from Waco. Since then, Goodrich has manufactured wheels and brakes for a variety of aircraft. Among these are commercial, military, regional, and business programs. This successful operation lies at the core of Goodrich's business. Competitors include the aerostructures divisions of companies such as Honeywell, Messier-Bugatti, Aircraft Braking Systems, (Howmet/Huck) and SNECMA.
CEO
Lloyd Blankfein
Vice Chairman of the Board
John Weinberg
Director
Claes Dahlback
Director
Lois Juliber
Director
Lakshmi Mittal
Director
William George
Director
Stephen Friedman
Director
James Johnson
Director
John Bryan
Director
James Schiro
CFO
David Viniar
COO, Investment Banking
JE
Legal & Secretary
GP
Legal & Secretary
ES
Compliance
Alan Cohen
Human Capital Management
Kevin Kennedy
Chief Economist
JO
Co-COO
Gary Cohn
Secretary
John Rogers
Goldman Sachs Asia
Michael Evans
Co-CEO International
MS
Government regulations and guidelines have been put into place in many organizations to ensure security standards and compliance. The Federal Information Security Management Act (FISMA) was put into place to ensure information security for the government. All government agencies and organizations which do business with the government are required to comply. The Statement on Auditing Standards 70 (SAS 70) was put in place to ensure internal controls, and ISO 9000 provides requirements on good management practices.
Each of these regulations exemplifies formalization methods implemented to improve performance and mitigate risk. Organizations which have implemented FISMA, ISO 9000, or any industry best practices, may not outwardly espouse the ideas of the rational system, but support the structure just the same.
In 1869 Benjamin Franklin Goodrich purchased the Hudson River Rubber Company, a small business in Hastings-on-Hudson, New York. The following year Goodrich accepted an offer of $13,600 from the citizens of Akron, Ohio, to relocate his business there.
The company has a history of innovation. As B.F. Goodrich, the company became one of the largest tire and rubber manufacturers in the world, helped in part by the 1986 merger with Uniroyal (formerly the United States Rubber Company). This product line was sold to Michelin in 1988, and the company merged with Rohr (1997), Coltec Industries, and TRW Aeronautical Systems (formerly Lucas Aerospace) in 2002. The sale of the specialty chemicals division and subsequent change to the current name completed the transformation. In 2006, company sales were $5.8 billion dollars, of which 18%, 16% and 12% of total revenues were accounted for by the U.S. government, Airbus and Boeing, respectively.[1]
In 1936 the company entered the Mexican market in a joint venture with Euzkadi (Now part of Continental AG) (named:Goodrich-Euzkadi). The Troy, Ohio plant was purchased in 1946 from Waco. Since then, Goodrich has manufactured wheels and brakes for a variety of aircraft. Among these are commercial, military, regional, and business programs. This successful operation lies at the core of Goodrich's business. Competitors include the aerostructures divisions of companies such as Honeywell, Messier-Bugatti, Aircraft Braking Systems, (Howmet/Huck) and SNECMA.
CEO
Lloyd Blankfein
Vice Chairman of the Board
John Weinberg
Director
Claes Dahlback
Director
Lois Juliber
Director
Lakshmi Mittal
Director
William George
Director
Stephen Friedman
Director
James Johnson
Director
John Bryan
Director
James Schiro
CFO
David Viniar
COO, Investment Banking
JE
Legal & Secretary
GP
Legal & Secretary
ES
Compliance
Alan Cohen
Human Capital Management
Kevin Kennedy
Chief Economist
JO
Co-COO
Gary Cohn
Secretary
John Rogers
Goldman Sachs Asia
Michael Evans
Co-CEO International
MS
Government regulations and guidelines have been put into place in many organizations to ensure security standards and compliance. The Federal Information Security Management Act (FISMA) was put into place to ensure information security for the government. All government agencies and organizations which do business with the government are required to comply. The Statement on Auditing Standards 70 (SAS 70) was put in place to ensure internal controls, and ISO 9000 provides requirements on good management practices.
Each of these regulations exemplifies formalization methods implemented to improve performance and mitigate risk. Organizations which have implemented FISMA, ISO 9000, or any industry best practices, may not outwardly espouse the ideas of the rational system, but support the structure just the same.
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