Lilienthal As Businessman
Lilienthal resigned from the Atomic Energy Commission in 1950, concerned that after years of relatively low-paying public service, he needed to make some money to provide for his wife and two children, and to secure funds for his retirement.
He worked for several years for the investment bank Lazard Freres, saying later in his journal: "A serene life apparently isn't the thing I crave. I live on enthusiasm, zest; and when I don't feel it, the bottom sags below sea level, and it is agony, no less." In 1955, he formed an engineering and consulting firm called Development and Resources Corporation (D&R) which shared some of the TVA's objectives: major public power and public works projects. Lilienthal was able to leverage the financial backing of Lazard Freres to found his company. He hired for D&R former associates from the TVA.
D&R focused on overseas clients, including the Khuzistan region of Iran, the Cauca Valley of Colombia, Venezuela, India, southern Italy, Ghana, Nigeria, Morocco, and South Vietnam.
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“A good businessman never makes a contract unless he’s sure he can carry it through, yet every fool on earth is perfectly willing to sign a marriage contract without considering whether he can live up to it or not.”
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