He then cleared out the executive ranks, fixed the company's balance sheet and turned the company into one of the most profitable big engineering and construction firms in the world.
These platform technologies will leverage advances in control systems and process engineering, big data and cloud computing, broadband communications, and cybersecurity.
For example, a firm may move from steel into engineering products because they require steel, then into engineering services, and then become big in elevators causing them to set up a separate division for that too.
" Kindler also said that although Pfizer would consider doing a big acquisition, he was not interested in doing deals "for the purpose of financial engineering.
But in New York, engineering talent is scarce, and salaries are inflated by the big financial firms.
Still, when the Big Dig is done, perhaps in 2005, it will be a tour de force of civil engineering.
"We are betting big on the cloud with our most successful product, and we are investing heavily both in the product engineering side and the physical infrastructure side, " Tim O'Brien, Microsoft's senior director of platform strategy, said last year when the company first unveiled a Web-based version of its Office software.
Mitre, an engineering company, operates in a tight market for talent, with low unemployment for software engineers and big-name competitors such as Lockheed Martin.
That's pretty ambitious, but Tesla's brought in some big guns to help make it happen -- the company just hired Mike Donoughe as EVP of Vehicle Engineering and Manufacturing.
ENGADGET: Tesla starts delivering Roadsters as production ramps up, hires hotshot engineering exec
Fred Koch studied chemical engineering at MIT and worked for the Soviet Union after big oil companies drove his U.S. refinery-engineering firm to the brink of bankruptcy with patent litigation in the early 1930s.
FORBES: Inside The Koch Empire: How The Brothers Plan To Reshape America
Dr. LEE RYBECK LYND (Professor of Engineering, Adjunct Professor of Biology, Dartmouth College): In my lab, one of the big ideas we're working on, is to try to develop microorganisms using genetic engineering, that let us do, in one step, what we're now only able to do in more than one step.
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