Word: raskob
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Dates: during 1925-1925
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...Motors developed from an interest in the company shown as early as 1915 by J. J. Reskob, Du Pont Vice President. When after the Armistice W. C. Durant, General Motors head, found himself unable to continue in control of the company, the Du Pont concern, under persuasion of Mr. Raskob, raised $50,000,000 on its own credit to take up Durant's stock in the concern. Since that time the value of the stock has more than doubled, and now the Du Pont stockholders are receiving very substantial dividends from Mr. Raskob's foresight...