Pierre
Strategic Concepts & Mechanics
Primary Evidence
"was. It is true that conversely, Pierre will be led to take care of Bernard's personal affairs, especially after the failure of his first marriage, at a time when LVMH leaders will suffer from the mix of his private and professional life."
"Raskob’s total dedication to the DuPont Company won him Pierre’s love; his consistently successful fi nancial strategies earned him the trust and respect of the rest of the men who ran the nation’s largest explosives company. So when Raskob decided in 1915 that the sputt ering new General Motors Company represented the greatest fi nancial opportunity he had ever seen, Pierre and the rest of the DuPont men agreed to do what John recommended. Over time, Raskob wagered tens of millions of DuPont money, representing a sizable portion of the extraordinary profi ts the company had accrued from selling its deadly wares during the Great War, to fi nance the General Motors Company. Without DuPont’s massive infusion of capital, General Motors could not have survived. As the business press of the era reported, it was Raskob, and Raskob alone, who brought the DuPont millions to GM."