Difference between revisions of "Henry Crown"
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|wikipedia=https://en.wikipedia.org/wiki/Henry_Crown | |wikipedia=https://en.wikipedia.org/wiki/Henry_Crown | ||
|spartacus= | |spartacus= | ||
| − | |image= | + | |image=HCrown.png |
| − | |birth_date=1896 | + | |interests=General Dynamics |
| − | |death_date=1990 | + | |birth_date=June 13, 1896 |
| + | |death_date=August 14, 1990 | ||
|constitutes=businessman | |constitutes=businessman | ||
|spouses=Rebecca Kranz | |spouses=Rebecca Kranz | ||
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|nationality=American | |nationality=American | ||
|religion=Jewish | |religion=Jewish | ||
| − | |children= | + | |children=Robert Crown, Lester Crown, John J. Crown |
| + | |relatives=Jim Crown | ||
|parents=Ida Krinsky (1871–1956) and Arie Krinsky (1861–1937) | |parents=Ida Krinsky (1871–1956) and Arie Krinsky (1861–1937) | ||
|sourcewatch=http://www.sourcewatch.org/index.php/Henry_Crown | |sourcewatch=http://www.sourcewatch.org/index.php/Henry_Crown | ||
|employment= | |employment= | ||
| + | |description=American [[industrialist]] and strong supporter of the state of [[Israel]]. | ||
}} | }} | ||
| + | '''Henry Crown''' was an American [[industrialist]] and [[philanthropist]]. Among other things, he founded the [[General Dynamics#Management churn|Material Service Corporation]], which merged with [[General Dynamics]] in 1959. At the time of his death, he was a billionaire. [[Henry Crown and Company]], of which he is the namesake, is an investment firm that owns or has interests in a variety of business assets.<ref>https://web.archive.org/web/20150222040246/http://biz.yahoo.com/ic/40/40214.html</ref> From 1951 to 1961, he was the owner of the [[Empire State Building]].<ref>http://articles.latimes.com/1990-08-16/news/mn-776_1_empire-state-building</ref> | ||
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| + | To his son [[Lester Crown|Lester]] he once said: | ||
| + | {{QB|If [[Israel]]'s existence is ever in real jeopardy, you send them everything we have. Not part, but everything. We can start over, they can't.<ref>https://youtu.be/EMtdkVePiPs</ref>}} | ||
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| + | His grandson [[Jim Crown]] is Board Chair of the deep state [[Aspen Institute]].<ref>https://www.aspeninstitute.org/longform/aspen-ideas-summer-2017/crowning-achievement-henry-crown-fellowship-celebrates-20-years-leadership/</ref> | ||
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| + | ==Early life and career== | ||
| + | Crown (birth name: Henry Krinsky) was born in 1896 to [[Lithuanian Jews|Jewish]] immigrants from [[Lithuania]].<ref>https://www.congress.gov/congressional-record/2015/06/11/senate-section/article/S4099-1</ref><ref>https://books.google.com/books?id=dcNMZTnEz6UC&pg=PA241</ref> He was the third of seven children of a sweatshop worker, Arie Krinsky (1861–1937), and his wife Ida (1871–1956) .<ref name=NYTObit>https://query.nytimes.com/gst/fullpage.html?res=9C0CE6D8123DF935A2575BC0A966958260</ref> His father changed the family name to Crown while Henry was a boy.<ref name=NYTObit /> Crown did not attend school past the eighth grade.<ref name=NYTObit /> In 1915, at the age of 19, he and his elder brother Sol founded S. R. Crown & Company, a steel broker.<ref name=NYTObit /> | ||
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| + | Sol later died of tuberculosis, and in 1919, his brother Irving joined him.<ref name=NYTObit /> In the same year, he and his brother borrowed $10,000 and founded the Material Service Corporation (MSC).<ref name=NYTObit /> MSC sold gravel, sand, [[Lime (mineral)|lime]], and [[coal]] to builders in the [[Chicago]] area.<ref name=NYTObit /> In its first year, the company made a profit of $7,000 on sales of $218,000. He left the business to serve as a lieutenant colonel in the Army Corps of Engineers during [[World War II]].<ref name=NYTObit /> | ||
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| + | In 1959, Crown gained a [[controlling interest]] in [[General Dynamics]] and merged the company with MSC, which had $100 million in sales.<ref> Alsop, Stewart (July 17, 1965). America's Big New Rich. The Saturday Evening Post.</ref> In 1960, Crown was named director of General Dynamics and then chairman of its executive committee, which lasted until 1966, when he was forced out by Roger Lewis through the redemption of Crown's controlling block of preferred stock.<ref name=NYTObit /> In 1970, Crown purchased sufficient stock to once again achieve a controlling interest in General Dynamics and quickly removed Roger Lewis, replacing him with David S. Lewis (no relation).<ref name=NYTObit /> | ||
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| + | ==Philanthropy== | ||
| + | According to his own claim, Crown had given away "nine figures" in his philanthropic pursuits by the time he turned 79. His beneficiaries included the [[University of Chicago]], [[Brandeis University|Brandeis]], [[Stanford]], [[Northwestern University|Northwestern]] and the [[St. Lawrence University]] student investment fund. The [[Jerusalem Theatre|Henry Crown Symphony Hall]] in Jerusalem is named after him. | ||
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| + | ==Personal life== | ||
| + | Crown was married twice. His first wife, Rebecca Kranz, died in 1943.<ref name=ChicagoTribuneGladysObit>[http://articles.chicagotribune.com/1991-09-14/news/9103090620_1_henry-crown-material-service-general-dynamics-corp: Chicago Tribune: "Gladys K. Crown, 82, Philanthropist And Exec" By Kenan Heise] September 14, 1991</ref> His second wife was Gladys Kay.<ref name=ChicagoTribuneGladysObit /><ref>[http://www.aspeninstitute.org/leadership-programs/henry-crown-fellowship-program/about-program/legacy-henry-crown Aspen Institute: "Legacy of Henry Crown"] retrieved August 26. 2013</ref> Crown had three children: Robert Crown (1921–1969), [[Lester Crown]] (born June 7, 1925) and John J. Crown (1929–1997), a Cook County judge.<ref name=NYTObit /> | ||
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{{SMWDocs}} | {{SMWDocs}} | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
| − | {{ | + | {{PageCredit |
| + | |site=Wikipedia | ||
| + | |date=22.11.2021 | ||
| + | |url=https://en.wikipedia.org/wiki/Henry_Crown | ||
| + | }} | ||
Revision as of 06:22, 12 December 2021
 Henry Crown     (businessman) | |
|---|---|
 | |
| Born | Henry Krinsky June 13, 1896 |
| Died | August 14, 1990 (Age 94) |
| Nationality | American |
| Religion | Jewish |
| Parents | Ida Krinsky (1871–1956) and Arie Krinsky (1861–1937) |
| Children | • Robert Crown • Lester Crown • John J. Crown |
| Spouse | Rebecca Kranz |
| Interests | General Dynamics |
| Relatives | Jim Crown |
American industrialist and strong supporter of the state of Israel. | |
Henry Crown was an American industrialist and philanthropist. Among other things, he founded the Material Service Corporation, which merged with General Dynamics in 1959. At the time of his death, he was a billionaire. Henry Crown and Company, of which he is the namesake, is an investment firm that owns or has interests in a variety of business assets.[1] From 1951 to 1961, he was the owner of the Empire State Building.[2]
To his son Lester he once said:
If Israel's existence is ever in real jeopardy, you send them everything we have. Not part, but everything. We can start over, they can't.[3]
His grandson Jim Crown is Board Chair of the deep state Aspen Institute.[4]
Early life and career
Crown (birth name: Henry Krinsky) was born in 1896 to Jewish immigrants from Lithuania.[5][6] He was the third of seven children of a sweatshop worker, Arie Krinsky (1861–1937), and his wife Ida (1871–1956) .[7] His father changed the family name to Crown while Henry was a boy.[7] Crown did not attend school past the eighth grade.[7] In 1915, at the age of 19, he and his elder brother Sol founded S. R. Crown & Company, a steel broker.[7]
Sol later died of tuberculosis, and in 1919, his brother Irving joined him.[7] In the same year, he and his brother borrowed $10,000 and founded the Material Service Corporation (MSC).[7] MSC sold gravel, sand, lime, and coal to builders in the Chicago area.[7] In its first year, the company made a profit of $7,000 on sales of $218,000. He left the business to serve as a lieutenant colonel in the Army Corps of Engineers during World War II.[7]
In 1959, Crown gained a controlling interest in General Dynamics and merged the company with MSC, which had $100 million in sales.[8] In 1960, Crown was named director of General Dynamics and then chairman of its executive committee, which lasted until 1966, when he was forced out by Roger Lewis through the redemption of Crown's controlling block of preferred stock.[7] In 1970, Crown purchased sufficient stock to once again achieve a controlling interest in General Dynamics and quickly removed Roger Lewis, replacing him with David S. Lewis (no relation).[7]
Philanthropy
According to his own claim, Crown had given away "nine figures" in his philanthropic pursuits by the time he turned 79. His beneficiaries included the University of Chicago, Brandeis, Stanford, Northwestern and the St. Lawrence University student investment fund. The Henry Crown Symphony Hall in Jerusalem is named after him.
Personal life
Crown was married twice. His first wife, Rebecca Kranz, died in 1943.[9] His second wife was Gladys Kay.[9][10] Crown had three children: Robert Crown (1921–1969), Lester Crown (born June 7, 1925) and John J. Crown (1929–1997), a Cook County judge.[7]
References
- ↑ https://web.archive.org/web/20150222040246/http://biz.yahoo.com/ic/40/40214.html
- ↑ http://articles.latimes.com/1990-08-16/news/mn-776_1_empire-state-building
- ↑ https://youtu.be/EMtdkVePiPs
- ↑ https://www.aspeninstitute.org/longform/aspen-ideas-summer-2017/crowning-achievement-henry-crown-fellowship-celebrates-20-years-leadership/
- ↑ https://www.congress.gov/congressional-record/2015/06/11/senate-section/article/S4099-1
- ↑ https://books.google.com/books?id=dcNMZTnEz6UC&pg=PA241
- ↑ a b c d e f g h i j k https://query.nytimes.com/gst/fullpage.html?res=9C0CE6D8123DF935A2575BC0A966958260
- ↑ Alsop, Stewart (July 17, 1965). America's Big New Rich. The Saturday Evening Post.
- ↑ a b Chicago Tribune: "Gladys K. Crown, 82, Philanthropist And Exec" By Kenan Heise September 14, 1991
- ↑ Aspen Institute: "Legacy of Henry Crown" retrieved August 26. 2013
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