I was watching this documentary on the History Channel yesterday about the Liberty merchant ships that were built during WWII. It was mainly focused on Henry Kaiser, whose company built many of the ships and also was one of the Six Companies that built the Hoover Dam. It sounded like he had a pretty massive business going on during the war.
As a sidenote, they mentioned that the part of the company created to provide health plans to the workers had ended up as Kaiser-Permanente. So I have the obvious follow-up question: what happened to the rest of the company? Kaiser Shipyards were huge and had many locations around the country in 1945, but the company seems to have vanished. Probably bought up or something, but I can’t find anything. Anyone know?
Kaiser Industries was founded by Henry J. Kaiser, which also owned Kaiser Aluminium, Kaiser Steel, Kaiser Electronics, Kaiser Magnesium, Kaiser-Frazer Automotive and Permanente Cement.
This Permanente Cement company had a health plan that later became Kaiser Permamente.
Indeed, last February Kaiser aluminum declared bankruptcy: http://www.azom.com/details.asp?ArticleID=1265
“Problems are only opportunities in work clothes.”
-Henry J Kaiser, industrialist
Henry J. Kaiser came out of WWII with a vast fortune, from building ships. His immediate priority with the end of the war, was how to utilize the output of his steel and aluminum mills, and he thought he had the solution with automobiles. Even in 1949, entering the automobile business was next to impossible-Kaiser invested $100 million, and lost most of it (Kaiser Motors went bust around 1956). From all accounts, they were pretty decent cars-but he just wasn’t big enough to compete with GM and FORD.
A word of warning to would-be atomobile entrepreneurs: if you are thinking of getting into this business-forget it!
I suspect that the losses from the car venture was enough to seriously hurt the rest of the Kaiser empire.