Word: morganized
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Dates: during 1930-1939
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...very well with Vanitie and Yankee but in 1931, lonely after separating from his first wife, he returned to business, as J. P. Morgan & Co.'s trouble-shooter for the slipping Gillette Safety Razor Co. His bet was that he would lift the earnings to $5 per share, or take no pay. If he succeeded, he would get 20,000 Gillette shares, and 20,000 more if earnings reached $6. Depression kept him from lifting earnings above $1.98 after four years of trying, but the new one-piece Gillette which opens up like a clamshell is basically his invention...
...cheap land (near the Negro quarter), with union labor, standard materials and a satisfactory profit to the contractor, he put up a one-story structure bounding three sides of a rectangle with a sunken grass court (Powell & Morgan, architects). Ten living units of four rooms & bath each have individual front doors opening in this court. Each unit has its own heating plant. There are no garages. Rent: $25 per month per unit, or $6.25 per room...
...five trustees who run Cooper Union, Banker J. Pierpont Morgan was in England and American Telephone & Telegraph's President Walter S. Gifford was recovering from an appendectomy. But beaming upon the beginning of a new chapter in the history of their somewhat eccentric institution were Trustees Gano Dunn, a prosperous engineer, Elihu Root Jr. and Barklie Henry, a son-in-law of the late Socialite Harry Payne Whitney...
...Trustee Morgan and his colleagues have been more conspicuously successful in their financial management of Cooper Union than it has been as an educational institution. The institution's main income comes from the site of the Chrysler Building in Manhattan, donated to the school by the Coopers. Recently Cooper Union won a suit against New York City for tax exemption on the site and building, acquired $2,500,000 in cash (back taxes it had paid) and more than $400,000 a year in additional income...
...time Richard Whitney & Co. handled about 30% of J. P. Morgan & Co.'s bond orders...