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Michael Cudahy (electronics)

Michael J. Cudahy (1924-) is an entrepreneur, business executive and philanthropist.

Born in Milwaukee, Wisconsin in 1924, Cudahy is the son of John Cudahy, ambassador to Ireland, Poland and Belgium. His grandfather is Patrick Cudahy, founder of the Patrick Cudahy meat company.

Marquette Electronics

Along with Warren Cozzens , he founded Marquette Electronics in 1965 and served as chairman and CEO. The company went public in 1991. After starting with only $15,000 in captial, the company went on to have over $350 million annually in sales.

His company put together the nation's first central electrocardiographic system at Northwestern University Medical School. This machine has since become standard in hospitals throughout the United States. The company was also noted for having one of the first on-site day care centers in the nation.

In 1998, he sold Marquette Electronics (by then known as Marquette Medical Systems) to GE. The company exists today as GE Healthcare Medical Systems, a subsidiary of the American conglomerate. After stepping aside at his company, Cudahy focused his energies on philanthropy and serving on the boards of other companies.

In 2002 he told the story of the founding of Marquette Electronics in the book Joyworks.

Philanthropy

The following institutions have been the recipients of gifts by Michael J. Cudahy:

  • John C. Cudahy YMCA
  • Michael J. Cudahy Foundation -- Foundation through which Cudahy does most of his philanthropy. Not to be confused with the Patrick & Anna M. Cudahy foundation, set up by his uncle, Michael F. Cudahy.
  • Milwaukee Ballet
  • Milwaukee Public Museum
  • Milwaukee Symphony Orchestra
  • Pabst Theater -- Cudahy bought the beleagured landmark theatre in downtown Milwaukee, Wisconsin for $1, keeping it open and afloat. He had previously donated over $9 million to the theatre.
  • Pier Wisconsin - Cudahy is spearheading this ambitious project for Milwaukee's lakefront, which some argue would steal the limelight from the nearby Miwaukee Art Museum (also a recipient of Cudahy's funds).
  • United Community Center
Last updated: 05-10-2005 21:38:39
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