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Jack Stack
American businessman

Jack Stack

Jack Stack
The basics

Quick Facts

Intro American businessman
Is Businessperson
From United States of America
Field Business
Gender male
The details (from wikipedia)

Biography

Springfield ReManufacturing Corp (SRC) is an American equipment company based in Springfield, Missouri.

History

SRC was established in 1983 when 13 employees of International Harvester purchased a part of that company that rebuilt truck engines, with $100,000 of their own money and $8.9 million in loans, with the goal of saving 119 jobs. By 1988, SRC's debt to equity ratio was down to 1.8 to 1, and the business had a value of $43 million. The stock price, $0.10 in 1983, had increased to $13 per share. By 2015, the stock was worth over $199 per share.

SRC founded and invested in more than 60 separate companies that do everything from consulting to packaging to building high-performance engines. Including current joint-ventures SRC's sales are over $1B, with more than 1,600 employees, and has 1.7 million square feet of Manufacturing and Warehousing Space.

Books

President and CEO Jack Stack has written two books (with Bo Burlingham), The Great Game of Business and A Stake in the Outcome, detailing the business and management techniques practiced and promoted by the company. The Great Game of Business has had 25 printings and sold over 350,000 copies in 14 languages.

The contents of this page are sourced from Wikipedia article on 27 May 2020. The contents are available under the CC BY-SA 4.0 license.
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