DuPont -
DuPont - Wikipedia, the free encyclopedia
In 1914, Pierre S. du Pont, invested in the fledgling automobile industry, buying stock of General Motors (GM). The following year he was invited to sit on GM's board of directors and would eventually be appointed the company's chairman. The Dupont company would assist the struggling automobile company further with a $25 million purchase of GM stock and in 1920, Pierre S. du Pont was elected president. Under du Pont's guidance, GM became the number one automobile company in the world.
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Throughout this period, the company continued to be a major producer of war supplies in both World War I and World War II, and played a major role in the Manhattan Project in 1943, designing, building and operating the Hanford plutonium producing plant and the Oak Ridge National Laboratory in Tennessee.
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In 1981, DuPont acquired Conoco Inc., a major American oil and gas producing company that gave it a secure source of petroleum feedstocks needed for the manufacturing of many of its fiber and plastics processes.
Seagram Company Ltd. who would wind up as DuPont's largest single shareholder with four seats on the board of directors. On April 6, 1995, after being approached by Seagram Chief Executive Officer Edgar Bronfman, Jr., DuPont announced a deal whereby the company would buy back all the shares held by Seagrams.
In 1914, Pierre S. du Pont, invested in the fledgling automobile industry, buying stock of General Motors (GM). The following year he was invited to sit on GM's board of directors and would eventually be appointed the company's chairman. The Dupont company would assist the struggling automobile company further with a $25 million purchase of GM stock and in 1920, Pierre S. du Pont was elected president. Under du Pont's guidance, GM became the number one automobile company in the world.
...
Throughout this period, the company continued to be a major producer of war supplies in both World War I and World War II, and played a major role in the Manhattan Project in 1943, designing, building and operating the Hanford plutonium producing plant and the Oak Ridge National Laboratory in Tennessee.
...
In 1981, DuPont acquired Conoco Inc., a major American oil and gas producing company that gave it a secure source of petroleum feedstocks needed for the manufacturing of many of its fiber and plastics processes.
Seagram Company Ltd. who would wind up as DuPont's largest single shareholder with four seats on the board of directors. On April 6, 1995, after being approached by Seagram Chief Executive Officer Edgar Bronfman, Jr., DuPont announced a deal whereby the company would buy back all the shares held by Seagrams.
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