AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Northern Lady, the North Star
Edison was distraught after General Electric Reform. He said, I'm going to work on something so big that they'll forget that I was ever associated with the electric industry. So he sets up this thing called the motion picture patents company which was essentially a movie trust. It guaranteed fees worth a million dollars a year to Edison. How crazy is that? When one former colleague expressed concern to Edison about his financial status, he wrote back cheerfully: "My three companies are making a great amount of money" Tesla's idealistic and generous renunciation of his AC royalties was beginning to haunt him. At $2.50 per horsepower, one can quickly calculate that Tesla had nobly forfeited