Overview

DuPont’s link with General Motors began with Pierre S. du Pont, who bought GM stock in 1914. In 1915 Pierre was elected a GM director, then board chairman, to help strengthen GM’s management. After World War I, GM executive and former DuPont treasurer John J. Raskob persuaded DuPont’s directors to invest $25 million in GM. Pierre became GM’s president in 1920. By then DuPont’s GM holdings provided half of DuPont’s total earnings. DuPont disposed of all its GM stock in 1961.

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