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Marshall Field
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Entrepreneur
    (August 18, 1834-January 16, 1906)
    Born in Conway, Massachusetts
    Founded the department store chain Marshall Field and Company
    Endowed the Field Museum of Natural History in Chicago
    Net worth at death: $125 million (equivalent to $3.2 billion in 2020)
    He hired spies and informers to report on his employees’ behavior.
    He would fire employees who gambled or drank alcohol on their own time.
    At company dinners, he would surprise executives by announcing their ‘retirement.’
    He was initially reluctant to fund the Field Museum, declaring ‘I don't know anything about a museum and I don't care to know anything about a museum.’
    In five years, he went from being a clerk in a dry goods store to being the general manager and one of the partners.
    He bounced back after his store was destroyed in the Chicago Fire (1871).
    He introduced consistent pricing, revolving credit, and unconditional refunds.
    His salespeople were instructed not to push products on uninterested customers as was common practice in other stores.
    He and John D. Rockefeller donated the land for the University of Chicago.

Credit: C. Fishel


    For 2020, as of last week, Out of 3 Votes: 66.67% Annoying
 
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