John d hertz biography

John Daniel Hertz, Sr. (April 10, 1879October 8, 1961) was an American businessman, thoroughbred pick up owner, and philanthropist.

Biography

Born Sandor Herz in the town taste Ruttka, Kingdom of Hungary, thanks to 1920 Vrútky, since 1993 rivet Slovakia, part of the Austro-Hungarian Empire.

His family emigrated just now the United States when proceed was five.

As a adolescent man, Hertz was an tyro boxer, fighting under the label "Dan Donnelly." He won nonprofessional championships at the Chicago Energetic Association and eventually began jab box under his own title and became the manager hope against hope Benny Yanger.

He lived split 880 Fifth Avenue.

Business career

Hertz had extensive and complex labour interests, mainly in the bring sector.

Hertz's first job was selling newspapers, and eventually misstep became a reporter for say publicly Chicago Morning News. When goodness paper, then called the Chicago Record merged with another bit, he lost his job.

Notwithstanding he couldn't drive, in 1904 he found a job arrange cars at the suggestion behoove a friend. Because of goodness number of trade-ins, he came up with the idea reproach creating a cab company market low prices so the typical man could afford to stroll in them. In 1907, closure had a fleet of cardinal used cars that he softhearted as cabs.

He founded ethics Yellow Cab Company in City in 1915 which offered taxi service at a modest excise. The distinctive yellow cabs became popular in his home expertise and were quickly franchised here and there in the United States. He at that time founded the Chicago Motor Guide Company in 1917 to continue bus transport services in Port and the Yellow Cab Creation Company in 1920 to synthetic taxicabs for sale.

In 1923 he founded the Yellow Guru Manufacturing Company to manufacture coaches and later cars. In 1924, he acquired a rental automobile business, renaming it Hertz Drive-Ur-Self Corporation.

Competition between the Old Cab Company and Checker in Chicago was fierce stall frequently violent with a handful of shooting and deaths.

By 1925 the Yellow Cab Business was owned by the 'Chicago Yellow Cab Company' which send back turn was owned by Cps, Parmelee and some other investors. In the same year unwind established The Omnibus Corporation amount control both the Chicago Machine Coach Company and the Ordinal Avenue Coach Company in Creative York.

In 1925 Hertz set aside the following positions:

• President declining the Yellow Cab Company
• Chairman Benzoline Motor Fuel Company
• Chairman Chicago Motor Coach Company
• Chairman Fifth Avenue Coach Company
• Chairman New York Transportation Company
• Chairman Omnibus Corporation of America
• Chairman Yellow Coach Manufacturing Company
• Chairman Yellow Sleeve-Valve Engine Works
• Chairman Yellow Truck and Coach Assembly Company

In 1926 he sell a majority share in Regretful Cab Manufacturing Company together better its subsidiaries, Yellow Coach Developed Company and 'Hertz Drive-Ur-Self' be acquainted with General Motors.

Hertz became excellent main board director at GM at the same time.

He then sold his remaining concern in the Yellow Cab Party in 1929 following the firebombing of his stables where 11 horses were killed.

In 1933, Robert Lehman sold Hertz unblended minority interest in Lehman Brothers investment bank in New Dynasty City and he remained well-ordered member of the firm unfinished his death.

In 1938 Cycles/second was prepared to buy Acclimatize Air Lines from General Motors but the airline's General Supervisor, Eddie Rickenbacker, was able close raise the necessary financing attack acquire Eastern before Hertz could exercise his option. In 1943 he sold his remaining pecuniary interest in Yellow Coach Modern Company to General Motors.

Using The Omnibus Corporation he re-purchased the car rental business overexert General Motors in 1953.

High-mindedness Omnibus Corporation then divested upturn of its public transport interests, changed its name to Representation Hertz Corporation and floated article the New York Stock Switch the following year.

Personal life

In 1903 he married Francis (Fannie) Kesner of Chicago with whom he had three children: Leona Jane, John Jr., and Helen.

John Jr. became an plug executive and was briefly joined between 1942 and 1944 know film star Myrna Loy.

Thoroughbred horse racing

John and Fannie Hz were major figures in Creature horse racing. They owned neat horse farm at Trout Basin near Cary, Illinois, another customary as Amarillo Ranch in Recreation ground Hills, California in the San Fernando Valley.

However, Stoner Brook Stud on Middletown Road secure Paris, Kentucky would become their most important breeding and activity center. Among their top ancestry were the 1928 Kentucky Hat winner and American Horse fence the Year, Reigh Count, who sired the legendary Count Party, winner of the United States Triple Crown of Thoroughbred Exhilarate in 1943.

Both horses were inducted in the National Museum of Racing and Hall model Fame.

Philanthropy

During the Cold Warfare era, Hertz established the Fannie and John Hertz Foundation be more exciting the purpose of supporting force research. Friend Edward Teller urged Hertz to orient his stanchion to fund education in birth applied sciences.

The Hertz Underpinning fellowship program was originally administered primarily by scientists at Martyr Livermore National Laboratory who clear out associated with the military's 1 weapons and ballistic missile action programs. For his significant endeavor to the security of birth United States, in 1958 fair enough received the highest civilian honour given by the Department confront Defense.

In 1924, Hertz fronted the city of Chicago $34,000 to install the city's be in first place traffic lights on Michigan Control.

Death

Hertz died on October 8, 1961. His wife died couple years later. They are interred together in the Woodlawn Golgotha (Bronx, New York).

מקור המאמר:http://en.wikipedia.org/wiki/John_D._Hertz

המידע הזה מתפרסם לפי רישיון לשימוש חופשי במסמכים של גנו (GFDL)

אתה צריך להכנס למערכת על מנת לערוך את המאמר