Floyd odlum biography

  • floyd odlum biography

    • Floyd Odlum

    American industrialist and lawyer
    Date of Birth: 30.03.1892
    Country: USA

    Content:
    1. Biography of Floyd Bostwick Odlum
    2. Floyd Bostwick Odlum passed away in 1976 at the age of 84.

    Biography of Floyd Bostwick Odlum

    Floyd Bostwick Odlum was an American industrialist and lawyer who was often referred to as 'perhaps the only man in the United States who made a fortune during the Great Depression'. After working as a corporate lawyer in Salt Lake City, Odlum received a lucrative offer from a law firm in New York. By 1921, he had become the vice president of one of the firm's main clients, the Electric Bond and Share Company.

    In 1923, Odlum, along with his friend and their wives, pooled their resources to create the United States Company, which primarily dealt with municipal stocks and securities. Within two years, the company's value had increased to $700,000, more than 17 times its initial worth. In 1928, Odlum founded the Atlas Utilities Company, through