Corporations: Coal, Cars & Love

Chrysler's announcement last week that its auto sales are running 48.2% ahead of last year pleased nobody so much as a Pittsburgh coal executive, George Hutchinson Love, 62. Coal and cars may be far apart, but Love's aptly named Consolidation Coal Co. is now Chrysler's largest shareholder with a 7.3% interest that Love is steadily increasing. Since 1961, Consol has pumped $45 million into Chrysler from profits piled up in 20 years of profitable Love management; the value of this investment has jumped to $86 million. Love himself has become chairman of...

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