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The Invisible Billionaire, Daniel Ludwig has the strongest coverage in these notes.
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Company
Hampton Roads
1 Books1 Highlights11 Themes
Hampton Roads appears across 1 book, with 1 highlight.
Books
Notes
Recurring themes
Corporation as Conscience-Free Machine, Control Wealth, Don't Just Own It, Government Steel In, Foreign Flag Out
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The second of his government-owned ships was one D.K. did plan to use. The Hampton Roads, last and largest of the tankers the WSA had contracted with Ludwig to build at Sewalls Point, was sitting in the yard’s only buil…
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Highlights
"The second of his government-owned ships was one D.K. did plan to use. The Hampton Roads, last and largest of the tankers the WSA had contracted with Ludwig to build at Sewalls Point, was sitting in the yard’s only building way when the war ended, a few months from being completed. Legally, she was still the property of Welding Shipyard, but Ludwig, utilizing a provision of his contract dealing with unfinished vessels, was able to sell her to the government in September 1946 for $3 million and buy her back a few months later under the Ship Sales Act for $1.3 million, turning a quick $1.7 million profit at the expense of U.S. taxpayers."
The Invisible Billionaire, Daniel Ludwig
Themes
Corporation as Conscience-Free MachineControl Wealth, Don't Just Own ItGovernment Steel In, Foreign Flag OutCharter First, Build With Their CreditCargo Creates the Need for ShipsPrivate Companies Beyond Government EyesPay Yourself Through Your Own CompaniesFloat Capital as Free LeveragePaper Clip Frugality as Operating ReligionYacht Diplomacy to Close ChartersFrontier Ventures Where No One Else Will Go