Business: Schulte's Lows

"David A. Schulte is behind Vivaudou, Inc. Nothing that David A. Schulte touches ever freezes. The entire business history of David Schulte has been centered on making capital work faster by setting loose forces that make merchandise move faster." So read an advertisement in the July, 1928, Drug Topics. Signing the statement was Vivaudou President Thomas J. McHugh.

Last week David Albert Schulte resigned as chairman of the Vadsco Sales Corp., holding company that absorbed Vivaudou last December. The reason given by President McHugh, who together with Broker Jules S. Bache bought...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!