Word: mr
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Dates: during 1920-1929
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Edward Anderson ("Eddie") Stinson. flyer and plane manufacturer, and Errett Lobban ("E. L.") Cord, motor car manufacturer, celebrated their 35th birthdays nine days apart last July. Both have achieved large business success in their fields. But last week Mr. Stinson acknowledged Mr. Cord to be the greater executive. He did that by recommending that stockholders in his Stinson Aircraft Corp. sell out to the Cord Corp., by stating explicitly: "E. L. Cord has been one of the outstanding figures in the automotive industry during the past five years. ... He now intends to enter the aviation field in his usual forceful...
...promotional "hokum" was this. Mr. Cord, an artful automotive engineer, a great salesman, an inspired executive and a wise financier, took over the management of the Auburn Automobile Co. in 1924 when it was building obsolescent cars and losing money. He reorganized manufacturing processes, designed new models,* perked up the sales force. Since 1926 he has made Auburn show a yearly increasing profit, and, even more momentously, sent its stock from a low of $31.75 in 1925 to a high of $514 this year.† Since then he has been buying parts manufacturers - Lycoming Manufacturing Co. (automobile and aviation engines...
President of White Motor Co. and a director of Coca-Cola was, until his death last fortnight (TIME, Oct. 7), Walter C. White. President of Coca-Cola Co. was his great & good friend, Robert W. Woodruff, also a director of White. Last week Mr. Woodruff was elected president of White, told pleased directors he would manage both companies simultaneously, adding "I'll live in a Pullman car, I guess. I've lived almost entirely in one for the last several years anyway." Although Mr. Woodruff, 40, was 13 years younger than Walter White, the two men were famed...
...Cremo. But the American Tobacco Co., as all the world knows, has concentrated on Lucky Strikes, for which most of its 1929 advertising budget of $12,300,000 was spent. The campaign was directed almost entirely by the company's President George Washington Hill. Born of rich parents, Mr. Hill is regularly mentioned by Hearst Columnist Arthur Brisbane as one case where a rich man's son has not been a loafer. Silent, clever, he has originated many an advertising idea. Last year he saw a fat woman munching what he presumed to be either a sweet...
When Roger W. Babson, famed statistician, last month told the Market it was riding to a fall, and then the Market quickly rallied from the depression caused by his statement, Mr. Babson was flayed by all the financial writers in New York whose pleasure it is to reflect the views of their friends, the brokers. "A statistician who has been always wrong"-"A man for whose opinion the market has no great regard"-"A chronic bear always predicting disaster"-were typical introductory sentences to Babson-flaying opinions. Last week the Market broke and the commentators either blamed the Hatry incident...