Thursday, December 2, 2010

George Gund

"Proof that George Gund loves us and wants us to be happy."

- Ben Franklin

George Gund (April 13, 1888 - Nov. 15, 1966) was the son of a Cleveland brewer. Yay! He was in the first graduation class of Harvard Business School, began his career in banking in Seattle before returning to Cleveland to make a killing in the business of processing decaffeinated coffee. Boo.

Gund actually assumed control of the Gund Brewing Company in 1916 ... but that was bad timing. No wonder he turned to coffee.

He invested wisely during the Depression, picking up cheap stocks, was hired by Cleveland Trust Co. as a director and eventually Chairman. In the year 1936 he married his wife Jessica. In spite of having six children to provide for, Mr. Gund eventually left $600 million (1960s dollars) to The George Gund Foundation, which he founded in 1957. As the dedicated servant of the non-profit sector, I am grateful to the George Gund Foundation for paying my mortgage and feeding my children.

Did I mention he also studied animal husbandry and for a time was a rancher in Nevada? George Gund II was an unstoppable American force for all that is good.

Sources:Encyclopedia of Cleveland History
The George Gund Foundation
Brewing in Cleveland (Robert A. Musson)

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