Biography
Vesco was born in Detroit, Michigan, where he grew up and attended, and then dropped out of, Cass Technical High School. Vesco was the son of a Detroit autoworker. He dropped out of engineering school while he was in his early twenties to go to work for an investment firm. After a short period he struck out independently with an $800 stake matching buyers and sellers in the aluminum market, until he eventually acquired a portion of the profits of a floundering aluminum plant. By 1965, he was in a position to borrow enough money to acquire International Controls Corporation. Through aggressively hostile expansions and debt-financed takeovers of other businesses he grew ICC quickly. By 1968 the company owned an airline and several manufacturing plants, and Vesco held shares totaling US$50 million.
Read more about this topic: Robert Vesco
Famous quotes containing the word biography:
“The death of Irving, which at any other time would have attracted universal attention, having occurred while these things were transpiring, went almost unobserved. I shall have to read of it in the biography of authors.”
—Henry David Thoreau (1817–1862)
“In how few words, for instance, the Greeks would have told the story of Abelard and Heloise, making but a sentence of our classical dictionary.... We moderns, on the other hand, collect only the raw materials of biography and history, “memoirs to serve for a history,” which is but materials to serve for a mythology.”
—Henry David Thoreau (1817–1862)
“A great biography should, like the close of a great drama, leave behind it a feeling of serenity. We collect into a small bunch the flowers, the few flowers, which brought sweetness into a life, and present it as an offering to an accomplished destiny. It is the dying refrain of a completed song, the final verse of a finished poem.”
—André Maurois (1885–1967)