optimal and generous. After the initial successes of the cooperatives, in the following years he wrote that one of the noblest and most transcendental tasks that could be undertaken was to awaken in the people the consciousness of their own possibilities. It was necessary for the workers to be able to revive with the hope of a true emancipation of their own through work and Christian peace. Henceforth, he stopped alluding explicitly to the reform of the company. Leadership and ancendancy Arizmendiarrieta's working method was based on teaming up with young people he trusted. The teaching work that he carried out in the first Professional School of Zaldispe and the creation of the Sports Youth entity as well as his participation in the Catholic Action, made him know the most applied young people. Thus, in 1946 he selected eleven young to continue their Industrial Engineering studies on their own, but enrolled in the University of Zaragoza, distant 200 km., and in 1955 five of them who were already outstanding professionals in the Locksmith Union, were encouraged to create the create the first industrial cooperative named ULGOR. In such a way that his successes in the creation of entities from 1941 to 1955 generated enough security in young people, newlyweds and paying the mortgages on their houses, so that they would abandon secure jobs in the best company in Mondragon, and embark on an adventure with uncertain future, but confident in the mentor. In 1959 ULGOR was growing successfully and had established itself in the market. From the beginning, the partners had elected the electronic engineer Alfonso Gorroñogoitia as president of the Governing Council, and in turn the Council had appointed the chemical engineer José María Ormaetxea as managing director. But Arizmendiarrieta had in mind the idea of creating a cooperative credit entity, and after drafting the project and the statutes of the Labour Bank on his own, he managed to get the ministries to approve its creation. To manage it, he sought above all merit the honesty, and proposed to Ormaetxea to be his director, going from managing director of a large company to a modest office on Ferrerías street, where he began working with another employee. Ormaetxea pointed out that “I accepted, despite being completely unaware of the banking business, and barely knowing how to interpret a balance sheet”. Likewise, Arizmendiarrieta convinced Gorroñogoitia to combine the two presidencies, given