Word: durante
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Ford. In 1908, William Crapo Durant, then the head of his new General Motors Corp.. decided that Ford Motor Co. was a good buy. He persuaded Henry Ford to sell out for $8,000,000, but then failed to persuade his directors to pay $8,000,000. Last week, with the appearance of the 1929 balance sheet and income account, statisticians were trying to figure out just what Ford Motor Co. would cost...
William Crapo Durant sued the New York Telegram and eight other newspapers and news services for $45,000,000, the biggest libel action ever based on one story. The publications had carried a story which he interpreted as connecting him with shady stock deals resulting in heavy market losses to Mrs. Elizabeth C. Hudson...
...Durant ($635) Pontiac...
Profits. In 1929 profits began well for motor makers but dwindled after the peak of production was passed in April. General Motors' dividend payments for the year came to $166,000,000 as against $174,000,000 in 1928. Continental Motors, supplying engines for Durant, Jordan, Reo and Windsor (Moon), last fortnight passed its dividend. Accessory and body companies, reporting tremendous profits for the first few months, are expected to show deficits in the last quarter. In Hayes Body the earnings drop was so precipitate that last fortnight the directors voted back a stock dividend they had declared although...
...process. In April rights to $100 7% preferred stock were offered. At the time the common stock was selling at about 76, had been to 103, was touted to go to 500 under the management of a capable pool said to be directed by shrewd Speculator William Crapo Durant...