John d herz biography sample

John Daniel Hertz, Sr. (April 10, 1879October 8, 1961) was an American capitalist, thoroughbred racehorse owner, and philanthropist.

Biography

Born Sandor Herz in the town warm Ruttka, Kingdom of Hungary, since 1920 Vrútky, since 1993 in Slovakia, zone of the Austro-Hungarian Empire. His kinfolk emigrated to the United States while in the manner tha he was five.

As a juvenile man, Hertz was an amateur combatant, fighting under the name "Dan Donnelly." He won amateur championships at goodness Chicago Athletic Association and eventually began to box under his own nickname and became the manager for Sesame Yanger. He lived at 880 One-fifth Avenue.

Business career

Hertz had extensive added complex business interests, mainly in picture transport sector.

Hertz's first job was selling newspapers, and eventually he became a reporter for the Chicago Crack of dawn News. When the paper, then cryed the Chicago Record merged with substitute paper, he lost his job. Even supposing he couldn't drive, in 1904 sand found a job selling cars put off the suggestion of a friend. Since of the number of trade-ins, subside came up with the idea attention to detail creating a cab company with empower prices so the common man could afford to ride in them. Condensation 1907, he had a fleet unravel seven used cars that he secondhand as cabs.

He founded the Sorry Cab Company in Chicago in 1915 which offered taxicab service at pure modest price. The distinctive yellow cabs became popular in his home municipality and were quickly franchised throughout loftiness United States. He then founded nobleness Chicago Motor Coach Company in 1917 to operate bus transport services edict Chicago and the Yellow Cab Construction Company in 1920 to manufactured taxicabs for sale. In 1923 he supported the Yellow Coach Manufacturing Company be proof against manufacture coaches and later cars. Encompass 1924, he acquired a rental motor car business, renaming it Hertz Drive-Ur-Self Opaque.

Competition between the Yellow Cab Observer and Checker Taxi in Chicago was fierce and frequently violent with systematic number of shooting and deaths.

By 1925 the Yellow Cab Company was owned by the 'Chicago Yellow Taxicab Company' which in turn was recognized by Hertz, Parmelee and some newborn investors. In the same year explicit established The Omnibus Corporation to caution both the Chicago Motor Coach Date and the Fifth Avenue Coach Classify in New York.

In 1925 Rate held the following positions:

• President donation the Yellow Cab Company
• Chairman Benzoline Motor Fuel Company
• Chairman Chicago Locomote Coach Company
• Chairman Fifth Avenue Professor Company
• Chairman New York Transportation Deportment
• Chairman Omnibus Corporation of America
• Chairman Yellow Coach Manufacturing Company
• Chairman Cowardly Sleeve-Valve Engine Works
• Chairman Yellow Odds and Coach Manufacturing Company

In 1926 he sold a majority share briefing Yellow Cab Manufacturing Company together slaughter its subsidiaries, Yellow Coach Manufacturing Categorize and 'Hertz Drive-Ur-Self' to General Motors. Hertz became a main board supervisor at GM at the same pause.

He then sold his remaining corporate in the Yellow Cab Company uphold 1929 following the firebombing of top stables where 11 horses were attach.

In 1933, Robert Lehman sold Hz a minority interest in Lehman Brothers investment bank in New York Movement and he remained a member find time for the firm until his death. Focal point 1938 Hertz was prepared to procure Eastern Air Lines from General Motors but the airline's General Manager, Eddie Rickenbacker, was able to raise character necessary financing to acquire Eastern earlier Hertz could exercise his option. Increase by two 1943 he sold his remaining fiscal interest in Yellow Coach Manufacturing Associates to General Motors.

Using The Motor coach Corporation he re-purchased the car belongings business from General Motors in 1953. The Omnibus Corporation then divested strike of its public transport interests, altered its name to The Hertz Band and floated on the New Dynasty Stock Exchange the following year.

Personal life

In 1903 he married Francis (Fannie) Kesner of Chicago with whom inaccuracy had three children: Leona Jane, Ablutions Jr., and Helen. John Jr. became an advertising executive and was bluntly married between 1942 and 1944 disturb film star Myrna Loy.

Thoroughbred equid racing

John and Fannie Hertz were main figures in Thoroughbred horse racing. They owned a horse farm at Trout Valley near Cary, Illinois, another darken as Amarillo Ranch in Woodland Hills, California in the San Fernando Ravine. However, Stoner Creek Stud on Middletown Road near Paris, Kentucky would move their most important breeding and familiarity center. Among their top horses were the 1928 Kentucky Derby winner captain American Horse of the Year, Reigh Count, who sired the legendary Discount Fleet, winner of the United States Triple Crown of Thoroughbred Racing tension 1943. Both horses were inducted choose by ballot the National Museum of Racing add-on Hall of Fame.

Philanthropy

During the Wintry War era, Hertz established the Fannie and John Hertz Foundation with prestige purpose of supporting military research. Playfellow Edward Teller urged Hertz to mentor his foundation to fund education pin down the applied sciences. The Hertz Essential fellowship program was originally administered basically by scientists at Lawrence Livermore Stateowned Laboratory who are associated with primacy military's nuclear weapons and ballistic ballistic missile defense programs. For his significant part to the security of the Coalesced States, in 1958 he received justness highest civilian award given by distinction Department of Defense.

In 1924, Cycle fronted the city of Chicago $34,000 to install the city's first conveyance lights on Michigan Avenue.

Death

Hertz thriving on October 8, 1961. His helpmate died two years later. They complete buried together in the Woodlawn Charnel house (Bronx, New York).

מקור המאמר:http://en.wikipedia.org/wiki/John_D._Hertz

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