General Motors
du Pont was a significant figure in the success of General Motors, building a sizeable personal investment in the company as well as supporting Raskob's proposal for DuPont to invest in the automobile company. Pierre du Pont resigned the chairmanship of GM in response to GM President Alfred Sloan's dispute with Raskob over Raskob's involvement with the Democratic National Committee. When Pierre retired from its Board of Directors, GM was the largest company in the world.
Read more about this topic: Pierre S. Du Pont
Famous quotes containing the words general and/or motors:
“He who never sacrificed a present to a future good or a personal to a general one can speak of happiness only as the blind do of colors.”
—Olympia Brown (1835–1900)
“When General Motors has to go to the bathroom ten times a day, the whole country’s ready to let go. You heard of that market crash in ‘29? I predicted that.... I was nursing a director of General Motors. Kidney ailment, they said; nerves, I said. Then I asked myself, “What’s General Motors got to be nervous about?” “Overproduction,” I says. “Collapse.””
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