Edwin Hewitt

The Story Teller

The Story Teller
Jun 27, 2003
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New Jersey
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Edwin Hewitt
“An institution is the lengthened shadow of one man.”
—Emerson
Like many young men in their early thirties, Edwin (Ted) Hewitt had a dream about his career. He enjoyed being an insurance salesman and was making a good living, but the lure of owning his own business tugged at him. In 1940 Ted made the decision to start his own company. He planned for a year, working out the details of the structure and philosophy his organization would have, the kinds of people to hire, and the business principles the company would follow. Ted’s intention was to develop a business specializing in financial planning, and he soon began recruiting his team. With his small company situated in the Chicago’s financial district, Ted and his associates began approaching local corporations.
Parker Pens was an early client, and Hewitt helped that company set up a formal retirement plan. That project caused Hewitt to re-examine his business plan. There was a conflict. Although he felt that insurance was not always the best answer to retirement plans, he had made most of his money selling insurance for retirement. World War II interrupted his company’s growth, but after the war, Hewitt made the decision to concentrate on providing consulting services for benefit planning on a fee basis. Although his business was headed in a new direction, Hewitt’s work in planning the company’s philosophy before it hired a single person made it one of the most desirable places to work in America.
Consider This: The tools of the trade may change, but the importance of human values and relationships to success remains constant.
Submitted by Richard