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1951 General Motors Corporation |
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Stock Code GMC1951 |
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Certificate in the name of J Tyson
Stokes, dated 18th October 1981, for 10 shares of par value $5 each.
This
certificate has the printed signatures of C E Wilson, President and
G A Brooks, Secretary of the Company. Vignette of allegorical
figures at
top of certificate. Ornate pink border.
Certificate size is 20.5 cm
high x 30 cm wide (8" x 12"). 1951 pink certificate
also available, issued to J Tyson Stokes.
About
This Company |
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Framed Certificate Price : £75.00
Certificate Only Price : £30.00 |
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About
This Company
General Motors was founded in 1908 as a holding company
for Buick, by then controlled by William C. Durant, and acquired Oldsmobile
later that year.
During the 1920s and 1930s General Motors bought out the
bus company Yellow Coach, helped create Greyhound bus lines, replaced
intercity train transport with buses, and established subsidiary companies
to buy out tram (streetcar) companies and replace the trams by buses.
General Motors bought the internal combustion engined railcar builder
Electro-Motive Corporation and its engine supplier Winton Engine in 1930,
renaming both as the General Motors Electro-Motive Division. Over the next
twenty years diesel-powered locomotives and trains, the majority built by
GM, largely replaced other forms of traction on American railroads.
On December 31, 1955, General Motors became the first
American corporation to make over one billion dollars in a year.
A strike began at the General Motors parts factory in
Flint, Michigan on June 5, 1998, that quickly spread to five other assembly
plants and lasted seven weeks.
At one point it was the largest corporation in the United
States ever, in terms of its revenues as a percent of GDP. In 1953 Charles
Erwin Wilson, then GM president, was named by Eisenhower as Secretary of
Defense. When he was asked, during the hearings before the Senate Armed
Services Committee if as secretary of defense he could make a decision
adverse to the interests of General Motors, Wilson answered affirmatively
but added that he could not conceive of such a situation "because for years
I thought what was good for the country was good for General Motors and vice
versa." Later this statement was often garbled when quoted, suggesting that
Wilson had said simply, "What's good for General Motors is good for the
country." At the time, GM was the one of the largest employers in the world
– only Soviet state industries employed more people.
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