Later Years
His son, Edward joined the Lord & Thomas advertising firm in 1933 after he had finished law school. He worked there until 1942 when he moved to Los Angeles and became a Hollywood film producer and practiced law.
At that time, after 30 years as its chief executive, Lasker sold the firm to three senior executives. It became Foote, Cone & Belding in 1942.
Lasker—and especially his third wife Mary Lasker—were nationally prominent philanthropists. They played major roles in promoting and expanding the National Institutes of Health, helping its budget expand by a factor of 2000 times from $2.4 million in 1945 to $5.5 billion in 1985. They founded and endowed the Lasker Award, which has recognized the work of many leading scientists and researchers.
On May 30, 1952, Lasker died in New York at the age of 73. He was interred in a private mausoleum at Sleepy Hollow Cemetery in Sleepy Hollow.
Read more about this topic: Albert Lasker
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