Word: raskobs
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...John J. Raskob, vice president of the General Motors Corp., had audience with Pope Pius XI and received a special benediction. A Knight of Malta, Mr. Raskob had contributed to the Hospital of the Infant Jesus in Rome, favorite mission of the Pope. Said Mr. Raskob: "His Holiness was particularly pleasant...
...Last week it was Finance Chairman John J. Raskob, guiding financial genius of General Motors, also in a leave-taking ship-news speech, who spoke the word. He was reported as saying that General Motors stock should be selling at $225 a share. It was then selling at $187.25. It shot up to $199, and in two hours of trading the shares of his corporation increased $47,850,000 in value, making an aggregate market value for the company of $3,306,000,000, another record gone. (U.S. Steel's stock is worth...
What happened last week, what usually happens, was this: Mr. Raskob's magic figure of $225 a share for General Motors, was interpreted out of what he said...
...John J. Raskob, chairman of the finance committee of the General Motors Corp., vice-president of E. I. du Pont de Nemours Co., onetime $1,000 a year secretary to Pierre S. du Pont, gave $500,000 toward a fund of $1,500,000 for advancing the Catholic Church in Wilmington, Del. If other Catholics contribute a like amount, John J. Raskob will duplicate his first gift and complete the fund. These are not John J. Raskob's first gratuities to the Roman Catholic Church. Recently, Pope Pius XI made him private chamberlain in the papal menage...
...Raskob's banquet he said: "Installment selling has increased production, stabilized output, reduced production cost and increased purchasing power. The installment plan induces the consumer to look ahead with greater care and to plan his economic program with a higher degree of intelligence. It not only tends to strengthen the motives which induce an individual to pay, but also influences his capacity...