125 years Carl Zeiss Foundation: Journey with Light - Part 1/2

November 28, 2014
Jena-based physicist Ernst Abbe was way ahead of time, as evidenced by his foundation and company constitution. At the end of the 19th century, the 8-hour working day and company pension were foreign concepts to many entrepreneurs. The Carl Zeiss Foundation was established on 19 May 1889 in honor of the deceased Carl Zeiss. Abbe had founded a glass works together with Zeiss and Otto Schott in 1884. To Abbe, scientific progress, qualified employees and responsible corporate governance were the foundations of economic success. He gradually developed his corporate philosophy on this basis. In order to safeguard the existence of both companies and to protect them from personal ownership interests, Ernst Abbe, Zeiss heir Roderich Zeiss and – some years later – Otto Schott transferred all their shares in the business to the Foundation. Thus, sole ownership of both companies was assigned to the Foundation. For more information on the Carl Zeiss Foundation, please go to: http://www.carl-zeiss-stiftung-125jahre.de/german/index.html
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