Business: Eastern to Rickenbacker

Captain Edward Vernon Rickenbacker was the No. 1 U. S. War Ace, is currently the hardbitten, harddriving, general manager of Eastern Air Lines. John Daniel Hertz has bagged enough businesses in his 58 years to be an ace at U. S. finance. A Chicago reporter, he founded Yellow Cab Co. in 1915, sold most of it to General Motors Corp. ten years later for $43,000,000. Currently he is a partner of Lehman Bros., potent Wall Street investment house which controls Transcontinental & Western Air. For several months Aces Hertz and Rickenbacker have been...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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