He developed Electrical Porcelain with transmission engineers at GE. His family continued to work at Building 68 in Schenectady for decades. William's son Frank Cermak advanced insulator design into the mid 20th century.
When Rex Harrison accepted his Academy Award for My Fair Lady (1964), he dedicated it to his two fair ladies, Audrey Hepburn and Julie Andrews both who had played Eliza Doolittle with him.
The quotation 'money makes the world go round' was first used in a musical play ' Cabaret', it was written in the 1960's. the play was a melancholy one, in one of the songs the female lead expresses her wish for love, the male protagonist replies with this line in the song.