Errett Lobban "E. L." Cord (July 20, 1894 – January 2, 1974) was an American business executive. He was considered a leader in United States transport during the early and middle 20th century.
Cord on the cover of Time magazine, January 18, 1932
Cord founded the Cord Corporation in 1929 as a holding company for over 150 companies he controlled, mostly in the field of transportation. The corporation controlled the Auburn Automobile Company, which built the Auburn and Cord automobiles; Lycoming Engines; Duesenberg Inc.; New York Shipbuilding; Checker Motors; Stinson Aircraft Company; and American Airways (later American Airlines), amongst other holdings. The Aircraft Development Division, (Erret L.) Cord Manufacturing Co., was instrumental in the development of the Vultee V-1 airliner which spawned a series of airliners and military aircraft from the (Gerard Freebairn) Vultee Aircraft, Aviation Mfg Corp-AVCO.
Born in Warrensburg, Missouri, Cord had been a race car driver, mechanic and car salesman before he was offered the opportunity to manage the dying Auburn Automobile Company in 1924. By 1928 he controlled Auburn, which by 1931 was the 13th largest seller of autos in the United States. During 1934, he moved to England, reportedly because of kidnapping threats. He moved back to the United States in 1936, but then came under investigation by the Securities and Exchange Commission for his dealings in Checker Cab stock. In 1937 he sold the Cord Corporation to the Aviation Corporation and retired to Los Angeles to earn even more millions in real estate. Cord owned several of the first radio and television stations in California and later Nevada, where he moved in the 1940s. In the call letters of his Los Angeles radio station, KFAC, the A.C. stands for Auburn Cord. In Reno, Cord established KCRL-TV and radio in the 1950s and operated it for more than 25 years. The 'CRL' in the station's call letters stood for "Circle L"—a ranch Cord owned in the Nevada desert.
During the 1940s he filled in for a Nevada state legislator who died in the middle of his term and again rose to fame as a politician in his later life. In 1958 he was asked to run for governor of Nevada, but he refused and never explained why. He died in Reno, Nevada from cancer in 1974, aged 79.
Legacy
Cord established The E.L. Cord Foundation on December 4, 1962. After his passing, a substantial portion of his Estate was dedicated to the foundation to be used for the betterment and well being of mankind.[1]
The foundation established the E.L. Cord Museum School and funds several scholarships at the Nevada Museum of Art.[2]
. Time. Vol. 30, no. 7. New York: Time Inc. August 16, 1937. ISSN 0040-781X. OCLC 742852839. Archived from the original on January 25, 2012. Retrieved November 29, 2011.
errett, lobban, cord, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, march. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Errett Lobban Cord news newspapers books scholar JSTOR March 2017 Learn how and when to remove this template message Errett Lobban E L Cord July 20 1894 January 2 1974 was an American business executive He was considered a leader in United States transport during the early and middle 20th century Cord on the cover of Time magazine January 18 1932 Cord founded the Cord Corporation in 1929 as a holding company for over 150 companies he controlled mostly in the field of transportation The corporation controlled the Auburn Automobile Company which built the Auburn and Cord automobiles Lycoming Engines Duesenberg Inc New York Shipbuilding Checker Motors Stinson Aircraft Company and American Airways later American Airlines amongst other holdings The Aircraft Development Division Erret L Cord Manufacturing Co was instrumental in the development of the Vultee V 1 airliner which spawned a series of airliners and military aircraft from the Gerard Freebairn Vultee Aircraft Aviation Mfg Corp AVCO Contents 1 Biography 2 Legacy 3 Popular culture 4 See also 5 References 6 External linksBiography EditBorn in Warrensburg Missouri Cord had been a race car driver mechanic and car salesman before he was offered the opportunity to manage the dying Auburn Automobile Company in 1924 By 1928 he controlled Auburn which by 1931 was the 13th largest seller of autos in the United States During 1934 he moved to England reportedly because of kidnapping threats He moved back to the United States in 1936 but then came under investigation by the Securities and Exchange Commission for his dealings in Checker Cab stock In 1937 he sold the Cord Corporation to the Aviation Corporation and retired to Los Angeles to earn even more millions in real estate Cord owned several of the first radio and television stations in California and later Nevada where he moved in the 1940s In the call letters of his Los Angeles radio station KFAC the A C stands for Auburn Cord In Reno Cord established KCRL TV and radio in the 1950s and operated it for more than 25 years The CRL in the station s call letters stood for Circle L a ranch Cord owned in the Nevada desert During the 1940s he filled in for a Nevada state legislator who died in the middle of his term and again rose to fame as a politician in his later life In 1958 he was asked to run for governor of Nevada but he refused and never explained why He died in Reno Nevada from cancer in 1974 aged 79 Legacy EditCord established The E L Cord Foundation on December 4 1962 After his passing a substantial portion of his Estate was dedicated to the foundation to be used for the betterment and well being of mankind 1 The foundation established the E L Cord Museum School and funds several scholarships at the Nevada Museum of Art 2 Other grants in the field of education include the E L Cord Student Success Center and The E L Cord Foundation Center for Learning and Literacy at the University of Nevada 3 scholarships at Truckee Meadows Community College 4 and a fellowship at Wichita State University 5 A collection of Cord s autos is in Auburn Indiana 1600 South Wayne Street at the Auburn Cord Duesenberg Automobile Museum Popular culture EditGram Parsons wrote a song about Cord called The New Soft Shoe citation needed that appeared on his first solo release titled GP See also EditCentury Airlines pilots strikeReferences Edit The Foundation Scholarship Program Center for Learning amp Literacy College of Education and Human Development EL Cord Foundation Truckee Meadows Community College E L Cord Foundation Fellowship External links Edit Wikimedia Commons has media related to Erret Lobban Cord Cord Heritage Errett Lobban Cord at Find a Grave Auburn Cord Duesenberg Club Website CordNet Cord lore for the enthusiast E L Cord residence in Beverly Hills Aerofiles Vultee Business amp Finance Cord Out of Cord Time Vol 30 no 7 New York Time Inc August 16 1937 ISSN 0040 781X OCLC 742852839 Archived from the original on January 25 2012 Retrieved November 29 2011 Awards and achievementsPreceded byDaniel Willard Cover of Time magazineJanuary 18 1932 Succeeded byPhilip BarryPreceded bySir Arthur Eddington Cover of Time magazineApril 23 1934 Succeeded byRobert L Doughton Retrieved from https en wikipedia org w index php title Errett Lobban Cord amp oldid 1140918731, wikipedia, wiki, book, books, library,
