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Whirlpool Corporation - Wikipedia
Whirlpool Corporation - Wikipedia
Whirlpool Corporation - Wikipedia
Corporation
Type Public
Traded as NYSE: WHR
S&P 500 Component
ISIN US9633201069
History
Before they founded the Upton Machine
Company on November 11, 1911, Louis
Upton (Lou) worked as an insurance
salesman and his uncle, Emory Upton,
owned a machine shop. Following a
failed business venture, Lou acquired a
patent to a manual clothes washer. He
approached Emory to determine if he
could add an electric motor to the
design. With the aid of a $5,000
investment from retailing executive
Lowell Bassford, they began producing
electric motor-driven wringer
washers.[6][7] Soon after its founding,
Lou's younger brother Fred joined the
company. Their first customer, the
Federal Electric division of
Commonwealth Edison, ordered 100
machines, but a fault in the gear
transmission led the customer to
threaten their return.[8] After the
machines were recalled and repaired,
Federal Electric doubled the order.[9] They
remained a customer for three years,
then they began producing their own
washers. The loss of Federal Electric
forced Upton to diversify until, in 1916,
they landed Sears, Roebuck & Co. as a
customer. Sears began selling two types
of Upton wringer washers under the
"Allen" brand,[6] one for $54.75 and a
deluxe model for $95. Sales grew quickly
and in 1921, Sears appointed Upton as
their sole supplier of washers.[6][10] To
avoid becoming over-reliant on Sears,
Upton began marketing a washer under
their own brand name.[6]
Diversity
Whirlpool Corporation has seven
employee-run diversity networks that are
involved with business, employee, and
community projects to address the
needs of the groups they represent.
These diversity networks are The
Women's Network (WWN), the Veterans'
Association (WVA), the Whirlpool African
American Network (WAAN), The Pride
Network (PRIDE), the Whirlpool Asian
Network (WAN), the Whirlpool Hispanic
Network (WHN), and the Young
Professionals' Network (YP).[56]
LGBT commitment
In 2004, Whirlpool received a 100% rating
on the Corporate Equality Index (CEI)
released by the lesbian, gay, bisexual, and
transgender (LGBT) equal rights
organization Human Rights Campaign. At
the time, Whirpool was the first and only
major appliance manufacturer to be
awarded a perfect score.[57] To date,
Whirlpool Corporation has achieved a
perfect CEI score for 11 consecutive
years.[58]. Whirlpool was the first
appliance maker to feature same-sex
families in its advertising in the United
States.[59]
Charity work
Whirlpool Corporation is a principal
supporter of Habitat for Humanity, a
nonprofit organization dedicated to
building low-cost, affordable housing.
The company's commitment to Habitat
for Humanity has exceeded $34 million
and it has donated more than 73,000
appliances for Habitat homes. The
company plans to support every Habitat
home built globally by 2011, either
through product donations, cash, or
home sponsorship.[60]
In November 2006, Whirlpool started the
annual Building Blocks program,
designed to raise awareness and help
eliminate substandard housing in the US.
Each year the program recognizes an
outstanding US Habitat for Humanity
affiliate and its relationship with its local
community by holding a week-long build
in the affiliate’s community. The program
kicked off in Nashville, Tennessee, in
2006 when Whirlpool united 100 local
residents with 100 Whirlpool employees
and volunteers from 100 Habitat
affiliates. These 300 volunteers built 10
homes on one block from Nov. 5–10,
2006. Whirlpool built nine homes near
Phoenix, Arizona, in May 2007, and nine
more homes in Dallas, Texas in October
2008. The 2009 build is set to begin
August 31 in Atlanta, Georgia.[61]
NASA partnership
Whirlpool Corporation developed freeze-
dried ice cream in 1968 under contract to
NASA for the Apollo missions.[62]
Major brands
Acros (México)
Affresh Washer Cleaners
Amana
Ariston
Bauknecht
Brastemp (Brazil)
Consul
Diqua (China)
Estate
EveryDrop
Gladiator GarageWorks1
Hefei Sanyo (China)[26]
Hotpoint (Europe)
Ignis
Indesit
Inglis
Jenn-Air
KitchenAid
Maytag
Polar
Privileg
Roper
Royalstar (China)
Stinol
Whirlpool
Special situations E…
References
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General
Wisconsin Historical Archives FAQ
External links
Official website
Business data for Whirlpool
Corporation:
Google Finance • Yahoo! Finance •
SEC filings
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