Identificatie
Soort entiteit
Persoon
Geauthoriseerde naam
Power, Eugene Barnum (1905-1993), entrepreneur, philanthropist and founder of the microfilm industry
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Beschrijving
Bestaansperiode
4 June 1905 - 6 December 1993
Geschiedenis
Eugene Power was born in Traverse City, Michigan and received his BA degree (1927) and his MBA (1930) from the University of Michigan.
During World War II, Power directed the microfilming of thousands of rare books and other printed materials in British libraries. He paid the library a minimal fee per exposure and then took the film to the United States where he sold copies to US libraries. The idea was both a clever business arrangement and a benefit to American scholars, who lacked access to European library collections. It was also an inventive form of preservation in light of wartime threats to libraries. Queen Elizabeth II knighted Power in the 1970s for this preservation work.
In 1938 he founded University Microfilms International in Michigan. The company merged microfilming with xerography, helping to make out-of-print books available for circulation again. The company also pioneered a business model for publishing limited-interest doctoral dissertations, becoming the publisher of record for all U.S. dissertations in 1951.
University Microfilms was acquired by the Xerox Corporation in 1962 for $8 million. Power continued to work for Xerox until his mandatory retirement in 1970 at the age of 65. The company he founded is now ProQuest.
In 1967, Power created the Power Foundation for Philanthropy. He donated funds to establish the Power Center for the Performing Arts at his alma mater, the University of Michigan. He also endowed a scholarship program at the university (affiliated for many years with Magdalene College at Cambridge University) and helped to buy the site of the Battle of Hastings in England to preserve it from real estate speculation.
Power served two terms as a regent of the University of Michigan, served on the council of the National Endowment for the Humanities, and became president of the Association of Governing Boards of Universities and Colleges in 1970. He was elected to the American Philosophical Society in 1975.
In 1987, Marion Island in Lake Michigan, was renamed "Power Island". Power died of Parkinson's disease in 1993 at the age of 88.