Clement studebaker biography
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Albert Russel Erskine (1871-1933)
Erskine was born 24 January, 1871, in Hunstville, Alabama.
Clement studebaker biography
After holding positions with the American Cotton Co. (1898-1904), Yale & Towne Manufacturing Co. (1904-1910), and Underwood Typewriter Co. (1910-1911), Erskine joined the staff of the Studebaker Corporation in South Bend in 1911.
In 1915 he became its president.
Under his leadership, Studebaker enjoyed high levels of sales and profits. He pursued a broadly conceived plan to make Studebaker one of the industry giants during the 1920s. However, when sales slumped in 1929 and 1930, he was slow to cut Studebaker's managerial costs and profit sharing.
Clement studebaker biography wikipedia
As such, both he and Studebaker closely followed the downward course of the national economy. As a result, Studebaker found itself short of cash to meet immediate obligations. With banks unwilling to lend more funds, Studebaker was placed into receivership in March 1933.
Seemingly left with no other options, Erskine shot himself through