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...REFORMATION (1,025 pp.)-Will Durant-Simon & Schuster...
This impressive book, sixth and next to last installment in Will Durant's massive Story of Civilization, retraces that battle in half a million highly readable words. Painstaking, broadminded and fluent, The Reformation is a triumph for 71-year-old Author Durant, who combines an encyclopedist's passion for detail with a philosopher's ability to generalize and a good storyteller's sense of anecdote...
General Motors in existence today. When Du Pont took control during the post-World War I depression, the young auto giant was headed for the rocks. Brilliant, mercurial William Crapo Durant, who put the company together, was $80 million in debt and on the verge of bankruptcy. Du Pont had already put $49 million into the company's stock. By risking another $31 million of its capital, Du Pont bailed out Durant and put the company back on course, not only with cash, but also with managerial talent. Du Pont President Pierre S. du Pont, who had been actively...
Shares for All. Like most of today's great corporations, G.M. achieved it because giants of old had laid the foundations with big, visionary ideas. The man who founded General Motors was William C. Durant, an ex-carriage, ex-bicycle, ex-wagon maker who first hit the jackpot by backing an auto designer named David Buick. In 1905, Billy Durant capitalized Buick for a staggering $10 million, three years later tried to corner the auto manufacturing business. (Henry Ford agreed to sell for $8,000,000, but at the last minute Durant's bankers backed away from...
...When Durant's optimistic expansions and mergers ran him out of cash, the bankers began talking of the "saturation point" in the auto market, and moved in on him. After Durant went out of G.M., he drew on his enormous prestige with mechanics and investors alike, to found Chevrolet as part of a plan to regain control of G.M. In little more than a year, Chevrolet was valued at a fabulous $94 million. He offered a bargain trade of five shares of Chevrolet for one of G.M., while he also bought G.M. stock (G.M. stock went from...