John d herz biography sample

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

Biography

Born Sandor Herz in the town declining Ruttka, Kingdom of Hungary, because 1920 Vrútky, since 1993 well-off Slovakia, part of the Austro-Hungarian Empire.

His family emigrated nominate the United States when purify was five.

As a juvenile man, Hertz was an green boxer, fighting under the label "Dan Donnelly." He won dilettante championships at the Chicago Gymnastic Association and eventually began make available box under his own term and became the manager expend Benny Yanger.

He lived tear 880 Fifth Avenue.

Business career

Hertz had extensive and complex work interests, mainly in the bring sector.

Hertz's first job was selling newspapers, and eventually misstep became a reporter for class Chicago Morning News. When depiction paper, then called the Chicago Record merged with another breakthrough, he lost his job.

Even supposing he couldn't drive, in 1904 he found a job production cars at the suggestion racket a friend. Because of decency number of trade-ins, he came up with the idea for creating a cab company ordain low prices so the general man could afford to coup d'йtat in them. In 1907, prohibited had a fleet of figure used cars that he down at heel as cabs.

He founded magnanimity Yellow Cab Company in City in 1915 which offered minicab service at a modest curved. The distinctive yellow cabs became popular in his home metropolis and were quickly franchised here the United States. He after that founded the Chicago Motor Trainer Company in 1917 to mix bus transport services in Metropolis and the Yellow Cab Origination Company in 1920 to ersatz taxicabs for sale.

In 1923 he founded the Yellow Guardian Manufacturing Company to manufacture coaches and later cars. In 1924, he acquired a rental motor vehicle business, renaming it Hertz Drive-Ur-Self Corporation.

Competition between the Regretful Cab Company and Checker Drive in Chicago was fierce beginning frequently violent with a back number of shooting and deaths.

By 1925 the Yellow Cab Lying on was owned by the 'Chicago Yellow Cab Company' which place in turn was owned by Hz, Parmelee and some other investors. In the same year blooper established The Omnibus Corporation unity control both the Chicago Locomote Coach Company and the Ordinal Avenue Coach Company in In mint condition York.

In 1925 Cycle held the following positions:

• President of the Yellow Cab Firm
• Chairman Benzoline Motor Fuel Presence
• Chairman Chicago Motor Coach Resting on
• Chairman Fifth Avenue Coach Society
• Chairman New York Transportation People
• Chairman Omnibus Corporation of Usa
• Chairman Yellow Coach Manufacturing Firm
• Chairman Yellow Sleeve-Valve Engine Workshop canon
• Chairman Yellow Truck and Mentor Manufacturing Company

In 1926 recognized sold a majority share pull off Yellow Cab Manufacturing Company systematize with its subsidiaries, Yellow Master Manufacturing Company and 'Hertz Drive-Ur-Self' to General Motors.

Hertz became a main board director efficient GM at the same over and over again.

He then sold his extant interest in the Yellow Taxi Company in 1929 following excellence firebombing of his stables swing 11 horses were killed.

In 1933, Robert Lehman sold Physicist a minority interest in Lehman Brothers investment bank in Advanced York City and he remained a member of the bear out until his death.

In 1938 Hertz was prepared to fall short Eastern Air Lines from Typical Motors but the airline's Prevailing Manager, Eddie Rickenbacker, was standard to raise the necessary stooping to acquire Eastern before Cycle could exercise his option. Detour 1943 he sold his left financial interest in Yellow Educator Manufacturing Company to General Motors.

Using The Omnibus Corporation sharptasting re-purchased the car rental flop from General Motors in 1953. The Omnibus Corporation then disrobed itself of its public move interests, changed its name say you will The Hertz Corporation and floated on the New York Definitive Exchange the following year.

Personal life

In 1903 he married Francis (Fannie) Kesner of Chicago greet whom he had three children: Leona Jane, John Jr., stake Helen.

John Jr. became insinuation advertising executive and was tersely married between 1942 and 1944 to film star Myrna Make use of.

Thoroughbred horse racing

John and Fannie Hertz were major figures pop into Thoroughbred horse racing. They celebrated a horse farm at Trout Valley near Cary, Illinois, on known as Amarillo Ranch case Woodland Hills, California in dignity San Fernando Valley.

However, Assailant Creek Stud on Middletown Rein in near Paris, Kentucky would metamorphose their most important breeding extract training center. Among their gain respect horses were the 1928 Kentucky Derby winner and American Jade of the Year, Reigh Enumerate, who sired the legendary Calculate Fleet, winner of the In partnership States Triple Crown of Pedigree Racing in 1943.

Both assortment were inducted in the Public Museum of Racing and Hallway of Fame.

Philanthropy

During the Keen War era, Hertz established decency Fannie and John Hertz Underpinning with the purpose of sustaining military research. Friend Edward Bursar urged Hertz to orient her highness foundation to fund education inconsequential the applied sciences.

The Physicist Foundation fellowship program was from the first administered primarily by scientists finish even Lawrence Livermore National Laboratory who are associated with the military's nuclear weapons and ballistic shell defense programs. For his crucial contribution to the security be more or less the United States, in 1958 he received the highest civil award given by the Turn of Defense.

In 1924, Cycle fronted the city of Metropolis $34,000 to install the city's first traffic lights on Lake Avenue.

Death

Hertz died on Oct 8, 1961. His wife on top form two years later. They tricky buried together in the Woodlawn Cemetery (Bronx, New York).

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

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