At International Harvester, a 1902 merger, the defining feature was discord. A J. P. Morgan financier by the name of George W. Perkins and a formal agreement initiated changes to mitigate stress and struggle. Existing research dates improvement to 1906. This paper extends the analysis and documents that, among changes, entrepreneur William Deering and his children parted with some holdings, helping to diminish tensions. Meanwhile, the McCormicks agreed to a stock dividend. This action helped mellow strife and augment their power. How did discord affect efficiency? The conventional answer centers on management along with expansion abroad, but that analysis is enhanced through study of seven brands and their local factories, pricing, and an antitrust consent decree. When a voting trust ran out its clock in 1912, conflict at International Harvester was receding. The firm’s record suggests various governance formats could yield efficiency and profitability.

在1902年合并的国际收割机公司，其主要特征是不和谐。一位名叫乔治·W·珀金斯（George W. Perkins）的摩根大通金融家和一项正式协议启动了缓解压力和斗争的变革。现有的研究可以追溯到1906年。本文将分析和文件扩展到企业家William Deering和他的孩子除以部分财产之外，还有助于减轻紧张气氛。同时，麦考密克同意分红。此举有助于缓解冲突并增强他们的力量。不和谐如何影响效率？传统的答案集中在管理和海外扩张上，但是通过研究七个品牌及其本地工厂，定价和反托拉斯同意法令，该分析得到了增强。当有投票权的信托基金在1912年用完时，国际收割机的冲突正在消退。该公司的记录表明，各种治理形式可以提高效率和盈利能力。