Word: wickman
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Dates: during 1930-1939
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From his Chicago office, strapping President Carl Eric Wickman announced that Greyhound Corp., with net profits of $4,673,465, had earned $7.55 a common share after paying preferred dividends. The dividend on one Greyhound common share was thus $5.30 more than Carl Wickman made in his first bus operation...
...young Minnesota Swede who had been a diamond-drill operator in the iron mines until the slack season of 1914, Carl Wickman became the Hupmobile salesman in the bare little town of Hibbing. Unable to sell the first Hupp sent him, he began a small livery business. Collections on his first trip amounted to $2.25. Presently he added a partner, another automobile, scheduled trips. By 1918 the company was making some $40,000, had 18 ramshackle busses in northern Minnesota...
...Busman Wickman sold out for $60,000, wandered to Duluth where he began buying up small businesses. Established as Northland Transportation Co., this system prospered so sweetly it looked good to Great Northern Railway's then President Ralph Budd. Unlike other railmen, he considered busses not as rivals but as possible allies. In 1926 Great Northern therefore bought 80% of "Northland for $240,000. Leaving that concern largely in Great Northern's capable hands, Busman Wickman formed Greyhound Corp., a holding company for a baker's dozen of other buslines which he & associates proceeded...
Greyhound crashed into trouble when Depression struck. Its superb operation under President Wickman continued to make profits but not enough to carry its dividend commitments. These might well have ditched Greyhound for good but for the timely arrival of smart Atlas Corp., which in 1933 took over Goldman Sachs Trading Corp. and with it Greyhound. Atlas left President Wickman in the saddle but cut off the huge dividend arrears by a redivision of stock. With six railroads owning a share in them, Greyhound Lines last week had 1,726 busses which traveled 137,998,394 miles in 1935, an increase...
Carl Eric Wickman, 42, chief Greyhound advisor, is at present Chairman of the Pacific Greyhound System where he is coordinating things. A great broad-shouldered man who has not lost his Swedish accent, he prefers Eric to Carl, loves sport, lets no one make him write letters, whistles during conferences...