Word: chrysler
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Dates: during 1920-1929
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Assaying did not take long; the engineers hastened to Manhattan with analyzed data. Mr. Dillon, solitary in the great silence of his soundproof office downtown, studied them. Mr. Chrysler, less sensitive to racket, studied them at his office in midtown Madison Avenue. When he went to his Park Avenue home four blocks away he was preoccupied, and servants avoided disturbing...
...telephoned each other. They decided to hire a suite of rooms at the Ritz-Carlton, near the Chrysler headquarters. And there for three days and nights they were alone. Waiters brought them food, awed attendants clean linen...
Three days and nights of locked-in deliberations, of matching and sorting Dodge Bros, and Chrysler Corp. assets...
Then decision: Chrysler to take financial control of Dodge Bros, by a trading of stocks; Dodge Bros, and Chrysler to continue separately as motor vehicle makers; Walter Percy Chrysler to be chairman of the directors of the combination; Clarence Dillon to be chairman of the directors' finance committee; Edward G. WTilmer to be president. Mr. Wilmer, by training a lawyer, has been Dodge Bros, president since Clarence Dillon took control in 1925. Mr. Dillon made Mr. Wilmer a Dillon-Read partner. He is a superb executive, the sort of man Mr. Chrysler himself is, except that Mr. Chrysler...
...gave the Dodge Brothers heirs a $146,000,000 check for their property. He quickly sold it to the public for $174,000,000, retaining control. Since then the company has bought back several millions of its own stock from investors. For the property as it is, Walter Percy Chrysler last week paid the equivalent of $170,000000 in Chrysler stocks...