A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 2 : America in the Twentieth Century  Encyclopedia of American Wealth

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  Part III-Chapter 13 : Automobile and Aviation  > W. C. Durant  :     Previous   1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10
                                                                                                                                                     
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   William Crapo Durant - ouster

Page entitled : Second and final ouster of William C. Durant

Content of this page is about :
Unable to withstand the pressure of falling GM stock prices, William C. Durant accepts a bailout package brokered by the Du Ponts and steps down as GM president


Extract :
... General Motors stock quickly fell and reached $14 in the first week of November. Throughout this period, Durant accumulated shares on his own account and on the account of his friends. The Du Ponts did not purchase the shares and the banking syndicate actually unloaded some of their holdings. Worse, Edward R. Stettinius  ...

 

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