Word: errett
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Dates: during 1940-1949
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...Hand. After years of mismanagement, AVCO was so close to death it was hardly breathing. Nevertheless, there were plenty who wanted a chance at the carcass. Errett Lobban Cord, a brass young auto salesman who had skyrocketed up in the golden '20s,-and put out a slinky car bearing his name-controlled AVCO. But to a cunning infighter like V.E., with the well-heeled Schroders again in his corner, it was the work of only a few months to knock out Cord* and take over the company in August...
Even before that, in the merger era, he had shown his financial toughness by sticking with (and successfully running) Republic while Dreamer Cyrus Eaton, who put it together, was washed out by the depression. Later he also joined the syndicate that salvaged the wrecks of another dreamer, Errett Lobban Cord, whose ill-assorted mass of properties included Vultee. Leader of that syndicate was Wall Street's Victor Emanuel, whose dreams have shown a much solider content than Eaton's or Cord's. Emanuel and Girdler together swung the Vultee-Consolidated deal...
...American International Corp., and its troubles began. From 1925 on it was bought & sold first by brilliant, eccentric Laurence Russell Wilder, a promoter, who dropped its name and combined it with his electric equipment manufacturing firm of American Brown Boveri Electric Corp.; then by Motormaker Errett Lobban Cord, a promoter too. Present owner (since 1938): canny, balding Victor Emanuel's Aviation & Transportation Corp., which controls 102,800 of its 175,000 founders' (voting) shares...
...holding company that remained a holding company was ATCO. At that time it was called Cord Corp. and its head, hardboiled, dynamic Errett Lobban Cord, was fast becoming the least regimented syndicateer in the flying game. But in 1937 Motorman Cord sold out his Cord Corp. holdings. About a quarter of them went to his broad-shouldered, boom-voiced No. 1 man, Lucius Bass Manning, already a large stockholder. The rest went to a syndicate headed by British Bankers J. Henry Schroder & Co., and to young, up-&-coming Public Utilitarian Victor Emanuel's investment house, Emanuel & Co. (in which...