Word: lobban
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Dates: during 1930-1939
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...Airlines) stocky, purposeful Sigmund Janas was assistant to American's President C. R. Smith. Earlier he had learned the tricks of financing as Deputy Superintendent of Banks in California, the tricks of airline operation as president's assistant for Western Air Express. Close friend of Motorman Errett Lobban Cord (American's chief stockholder) he had also learned how to combine the tricks of operation and banking, take over ah airline (as Cord had American) and make it tick...
...bought up some 80 aeronautical properties, including 9,100 miles of airlines. These were presently lumped into American Airways. As might have been expected, the conglomeration had an operating loss of $3,400,000 in 1930. Successive losses brought continued shake-ups in management until 1932, when Plunger Errett Lobban Cord got control after a spectacular proxy battle...
...firm is dominated now by a younger group, of whom 38-year-old Gerald Loeb is prominent in the Manhattan office and Gordon B. Crary in the Los Angeles office. Between them these two brokers manage to see a good deal of colorful onetime Motor-maker Errett Lobban Cord, who lives in Beverly Hills...
...street the name Cord means a low-slung automobile, rare and swank, which is entirely too expensive for him to own. To that class which can afford the car, the name means a profane, bespectacled young capitalist whose life has been a garage mechanic's dream. Errett Lobban Cord got his start in Los Angeles building "racing" bodies for junked Fords. He drove in dirt track races in Tacoma. He worked in a garage. In his early 20s he became a flash automobile salesman for the old Moon agency in Chicago. In 1924 he walked into the subdued Auburn...
Because Banker Bickell's passport was in Toronto, Pan American was forced to refuse them. Undismayed, Speculator Smith phoned his great and good friend, Motormaker Errett Lobban Cord, who assured him that an American Airlines mail plane could pick up the passport at Buffalo N. Y. Banker Bickell called his secretary, had a plane chartered to fly the passport there. Next morning the passport arrived at San Francisco without a special delivery stamp. The post office was persuaded to scramble through six sacks of air mail to fish it out. Back at the Pan American offices. Operator Smith...