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Wrong Erick Laine?

Mr. Erick J. Laine

Board Of Commissioner

Cuba Lake Area Young Sailors

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Cuba Lake Area Young Sailors

Background Information


Chairman, Alcas Corporation
Cutco Corporation

Alfred University

Alcas Corporation

Board Member
Direct Selling Education Foundation

Member, Advisory Board

Commissioner of Cuba Lake District, Trustee
St. Bonaventure University


BS degree

civil engineering


bachelor's of science degree

civil engineering

University of Wisconsin

received honorary degrees

Web References (114 Total References)

2013 Donors, Memorials and Tributes | Cattaraugus Region Community Foundation [cached]

Mr. and Mrs. Erick J. Laine

Mr. and Mrs. Erick J. Laine

F.Y.I. [cached]

Erick J. Laine (716) 968-1279 or (716) 372-7952 e-mail

Erick Laine, CEO of ... [cached]

Erick Laine, CEO of Alcas, Inc. manufacturers and markets some of the highest quality kitchen knives in the world under the brand name "Cutco. One division once manufactured the K-bar knife, the official knife of the U.S. Marine Corps. Its sales have reached over $200 million a year. But when Laine took over as CEO in 1982, sales were only $5 million. That's a 4000 percent increase in a field that older, established brands from Europe dominated. When Erick became CEO of Alcas, his manufacturing arm was in disarray. In a nine year period prior to his becoming boss, there wasn't a single contract that was settled without a strike and there were no less than 270 outstanding grievances on the books!

Now Erick is tough. He was born in Finland, and in addition to integrity, his parents taught him something that doesn't translate easily into English. The word in Finnish is "Sisu. "Sisu" means a sort of stubborn persistence wrapped up with sheer guts. He knows what he is doing, and he is no pushover. But he truly cares about his people and he insists on treating them fairly. So Laine met with his union in a spirit of openness and listened. And when the union was right, he acknowledged it. And when he thought they were full of bologna, he told them that, too. Over time, a strange thing happened.
Erick always accepted the money on behalf of management, but then he always used the money to purchase something that would benefit the workers like, TV for the cafeteria or a large clock that could be seen by everyone in the production area . . . that type of thing.[7]
Now why do you think the workers and their union did this? Obviously they could have just collected the money and gone out and bought something themselves. Erick Laine didn't tell me this, but I believe this informal ceremony during which Laine was presented with this money was a symbol of the trust between Alcas' union and management, between the company leaders and their workers.

Community Foundation to honor Erick and Marianne Laine, Peter Laine | Cattaraugus Region Community Foundation [cached]

Community Foundation to honor Erick and Marianne Laine, Peter Laine

Erick and Marianne Laine of Olean and Peter Laine of Asheville, N.C., formerly of Olean, will be presented with the award at the Community Foundation's annual luncheon in July.
Erick Laine is the former president of CUTCO Corporation. He now serves as chairman emeritus.
He and his wife, Marianne Letro Laine, have long been affiliated with improvements for local higher education. Together they were instrumental in the development of the Regina A. Quick Center for the Arts at St. Bonaventure University.
Erick, along with CUTCO, also led the Jamestown Community College Cattaraugus County Campus' capital campaign, helping to raise private funds needed for the creation of the $31 million campus in downtown Olean.
Erick also has served as commissioner of Cuba Lake District, trustee of Alfred University and St. Bonaventure University, and director of the Greater Olean Area Chamber of Commerce, Olean General Hospital, American Cutlery Manufacturers Association, Community Bank, Cattaraugus Economic Development Zone.
Before being appointed president of Alcas, now CUTCO, in 1977, Erick worked for 22 years at ALCOA. In 1982, he and three of his senior management team bought CUTCO and it is now privately held. He retired from the company January 1, 2008.
Erick has been named Businessman of the Year (the L.O.U.I.E. Award) by the Greater Olean Area Chamber of Commerce. The award is given to recognize achievements and community dedication of outstanding business leaders in the Olean community.
He also received the John D. Hamilton Award, presented by Jamestown Community College for those who have exemplified support of the college and its mission.
Erick received his bachelor's of science degree in civil engineering from the University of Wisconsin. He furthered his studies at the Graduate Schools of Business of Ohio State University and Iowa University. In 1998 he completed a 9 week Harvard Business School course in the Owner/President/Management program.
"Erick, Marianne and Peter Laine join a distinguished group of community philanthropists who have made our region a better place by their active involvement and generosity," said Karen Niemic Buchheit, CRCF Executive Director.
Ms. Buchheit noted that while Erick and Marianne Laine support numerous nonprofits directly they also contribute generously to a number of funds at the Community Foundation.

Cutco Corporation [cached]

Erick J. Laine - Chairman Emeritus, CUTCO Corporation

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