Word: consolations
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...last year pleased nobody so much as a Pittsburgh coal executive, George Hutchinson Love, 62. Coal and cars may be far apart, but Love's aptly named Consolidation Coal Co. is now Chrysler's largest shareholder with a 7.3% interest that Love is steadily increasing. Since 1961, Consol has pumped $45 million into Chrysler from profits piled up in 20 years of profitable Love management; the value of this investment has jumped to $86 million. Love himself has become chairman of both Consol and Chrysler, the only U.S. businessman to chair two major companies in widely separated fields...
...head and cherubic face, George Love never set out to be coalman or auto magnate. After Princeton and Harvard Business School, he became a bond salesman in Chicago and St. Louis, but left to run three family coal mines outside Pittsburgh. He did well enough to be offered a Consol job by George Humphrey, who was then heading Consol for its principal shareholder (now 21%), M. A. Hanna Co. Love succeeded Humphrey as president, in 1945 forged together the best of Consol and the best of Pittsburgh Coal (a Mellon interest)-two companies that between them had lost $100 million...