Joy Global, Inc. JOYG under CEO Michael W. Sutherlin
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THE HEXAGRAM
HEXAGRAM 23 – Po – Splitting Apart
Above KEN KEEPING STILL, MOUNTAIN
Below K’UN THE RECEPTIVE, EARTH
The dark lines are about to mount upward and overthrow the last firm, light line by exerting a disintegrating influence on it. The inferior, dark forces overcome what is superior and strong, not by direct means, but by undermining it gradually and imperceptibly, so that it finally collapses.
The lines of the hexagram present the image of a house, the top line being tile roof, and because the roof is being shattered the house collapses. The hexagram belongs to the ninth month (October-November). The yin power pushes up ever more powerfully and is about to supplant the yang power altogether.
THE JUDGMENT
SPLITTING APART.
It does not further one
To go anywhere.
This pictures a time when inferior people are pushing forward and are about to crowd out the few remaining strong and superior men. Under these circumstances, which are due to the time, it is not favorable for the superior man to undertake anything.
The right behavior in such adverse times is to be deduced from the images and their attributes. The lower trigram stands for the earth, whose attributes are docility and devotion. The upper trigram stands for the mountain, whose attribute is stillness. This suggests that one should submit to the bad time and remain quiet. For it is a question not of man’s doing but of time conditions, which, according to the laws of heaven, show an alternation of increase and decrease, fullness and emptiness. It is impossible to counteract these conditions of the time. Hence it is not cowardice but wisdom to submit and avoid action.
THE IMAGE
The mountain rests on the earth: The image of SPLITTING APART.
Thus those above can ensure their position
Only by giving generously to those below.
The mountain rests on the earth. When it is steep and narrow, lacking a broad base, it must topple over. Its position is strong only when it rises out of the earth broad and great, not proud and steep. So likewise those who rule rest on the broad foundation of the people. They too should be generous and benevolent, like the earth that carries all. Then they will make their position as secure as a mountain is in its tranquility.
THE LINES
Six at the beginning means:
The leg of the bed is split.
Those who persevere are destroyed.
Misfortune.
Inferior people are on the rise and stealthily begin their destructive burrowing from below in order to undermine the place where the superior man rests. Those followers of the ruler who remain loyal are destroyed by slander and intrigue. The situation bodes disaster, yet there is nothing to do but wait.
Six in the third place means:
He splits with them. No blame.
An individual finds himself in an evil environment to which he is committed by external ties. But he has an inner relationship with a superior man, and through this he attains the stability to free himself from the way of the inferior people around him. This brings him into opposition to them of course, but that is not wrong.
THE MOVING HEXAGRAM
HEXAGRAM 22 – Pi – Grace
Above KEN KEEPING STILL, MOUNTAIN
Below Li THE CLINGING, FIRE
This hexagram shows a fire that breaks out of the secret depths of the earth and, blazing up, illuminates and beautifies the mountain, the heavenly heights. Grace – beauty of form – is necessary in any union if it is to be well ordered and pleasing rather than disordered and chaotic.
THE JUDGMENT
GRACE has success.
In small matters
It is favorable to undertake something.
Grace brings success. However, it is not the essential or fundamental thing; it is only the ornament and must therefore be used sparingly and only in little things. In the lower trigram of fire a yielding line comes between two strong lines and makes them beautiful, but the strong lines are the essential content and the weak line is the beautifying form. In the upper trigram of the mountain, the strong line takes the lead, so that here again the strong element must be regarded as the decisive factor. In nature we see in the sky the strong light of the sun; the life of the world depends on it. But this strong, essential thing is changed and given pleasing variety by the moon and the stars. In human affairs, aesthetic form comes into being when traditions exist that, strong and abiding like mountains, are made pleasing by a lucid beauty. By contemplating the forms existing in the heavens we come to understand time and its changing demands. Through contemplation of the forms existing in human society it becomes possible to shape the world. 1
THE IMAGE
Fire at the foot of the mountain: The image of GRACE.
Thus does the superior man proceed
When clearing up current affairs.
But he dare not decide controversial issues in this way.
The fire, whose light illuminates the mountain and makes it pleasing, does not shine far; in the same way, beautiful form suffices to brighten and to throw light upon matters of lesser moment, but important questions cannot be decided in this way. They require greater earnestness.
1. This hexagram shows tranquil beauty-clarity within, quiet without. This is the tranquility of pure contemplation. When desire is silenced and the will comes to rest, the world-as-idea becomes manifest. In this aspect the world is beautiful and removed from the struggle for existence. This is the world of art. However, contemplation alone will not put the will to rest absolutely. It will awaken again, and then all the beauty of form will appear to have been only a brief moment of exaltation. Hence this is still not the true way of redemption. For this reason Confucius felt very uncomfortable when once, on consulting the oracle, he obtained the hexagram of GRACE.
Joy Global, Inc.
100 East Wisconsin Avenue
Suite 2780
Milwaukee, WI 53202
United States – Map
Phone: 414-319-8500
Fax: 414-319-8520
Website: http://www.joyglobal.com
Details
Index Membership: Nasdaq 100
Sector: Industrial Goods
Industry: Farm & Construction Machinery
Full Time Employees: 11,900
Mr. Michael W. Sutherlin , 64, Chief Exec. Officer, Pres, Exec. Director, Member of Exec. Committee and Chief Exec. Officer of Joy Mining Machinery
Business Summary
Joy Global Inc. engages in the manufacture and servicing of mining equipment for the extraction of coal, copper, iron ore, oil sands, and other minerals worldwide. The company operates in three segments: Underground Mining Machinery, Surface Mining Equipment, and Continental Crushing and Conveying. The Underground Mining Machinery segment produces continuous miners, longwall shearers, powered roof supports, armored face conveyors, shuttle cars, flexible conveyor trains, roof bolters, battery haulers, and continuous haulage systems. It also rebuilds and services equipment, and sells replacement parts and consumables in support of installed base. The Surface Mining Equipment segment produces electric mining shovels, walking draglines, and rotary blasthole drills. This segment also provides used electric mining shovels, logistics, and life cycle management support services. The Continental Crushing and Conveying segment manufactures and distributes bulk material crushing and conveyor systems used in coal and hard rock mining for metals and minerals, aggregates, and tunneling. Its products include feeder breakers, conveyor systems, and high angle conveyors. Joy Global Inc. sells its products primarily to global and regional mining companies. The company was founded in 1884 and is headquartered in Milwaukee, Wisconsin.
