Floyd Odlum (Paperback)

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Floyd Bostwick Odlum (March 30, 1892, Union City, Michigan - June 17, 1976, Indio, California) was a wealthy lawyer and industrialist. He has been described as "possibly the only man in the United States who made a great fortune out of the Depression." After struggling as a corporate attorney in Salt Lake City, Odlum received an offer to a law clerk at a New York firm, and in 1921 became Vice-President of his primary client, Electric Bond and Share Company. In 1923, Odlum, a friend, and their wives pooled a total of $39,600 and formed the United States Company to speculate in purchases of utilities and general securities. Within two years, the company's net assets had increased 17 fold to nearly 700,000 dollars. In 1928, Odlum incorporated Atlas Utilities Company to take over the common stock of his other company.