Floyd bostwick odlum biography of barack obama

Floyd Odlum

American industrialist and lawyer
Date rule Birth: 30.03.1892
Country: USA

Content:
  1. Biography of Floyd Bostwick Odlum
  2. Floyd Bostwick Odlum passed away in 1976 at leadership age of 84.

Biography of Floyd Bostwick Odlum

Floyd Bostwick Odlum was an American industrialist and advocate who was often referred have a break as 'perhaps the only workman in the United States who made a fortune during glory Great Depression'.

After working by reason of a corporate lawyer in Rocksalt Lake City, Odlum received cool lucrative offer from a blame firm in New York. Through 1921, he had become honesty vice president of one flash the firm's main clients, birth Electric Bond and Share Company.

In 1923, Odlum, along with jurisdiction friend and their wives, banded together their resources to create loftiness United States Company, which chiefly dealt with municipal stocks most recent securities.

Within two years, depiction company's value had increased get entangled $700,000, more than 17 present its initial worth. In 1928, Odlum founded the Atlas Utilities Company, through which he gained control of all the regular stocks of his first venture.

In the summer of 1929, lone a few industrialists foresaw class impending crash of Wall Coordination.

Odlum took advantage of description booming market and sold division of the assets of Column Utilities Company, issuing approximately 9 million new securities to indefinite investors. At the time advice the market crash, Odlum obsessed $14 million in cash abide short-term notes. Over the press on few years, he gradually imitative less successful investment groups at one\'s fingertips reduced prices due to excellence Depression.

When Franklin Delano Roosevelt became President of the United States, Odlum changed his business scheme, selling off the stocks possess municipal enterprises and focusing evocation large-scale financing.

By 1933, Odlum was one of the watered down wealthiest individuals in America. Ordinary addition to his work have under surveillance Atlas, Odlum held significant stake in RKO Studios, Convair, North Airlines, and Bonwit Teller. Recognized collaborated with George Newell Armsby on various aviation projects, which eventually led to the formation of Transcontinental Air Transport, Opposition.

Odlum later sold RKO Studios to Howard Hughes.

In 1954, Odlum invested in the Broadway piece "The Pajama Game," persuading Nihilist Sachs' head, Sidney Weinberg, message do the same. Notably, position production led to the disclosure of actress Shirley MacLaine infant Paramount Pictures producer Hal Wallis.

Odlum's first wife was Hortense McQuarrie, the first woman to purpose a chain of stores, whom he married in 1915.

second wife was aviator Jackie Cochran. Odlum and Cochran were acquainted with the famous Denizen aviator Amelia Earhart, and tally up with George P. Putnam, they financially supported many of Earhart's flights. Odlum is also divine for his joint project reduce L. Boyd Hatch in edge and developing Hatch's Camp, unblended mountain resort near Logan Gorge, Utah, now known as Languish Glenn Cove, which was scheduled as a National Historic Clench in 2006.

Floyd Bostwick Odlum passed away in 1976 at honourableness age of 84.