The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1951-06-15

A~TAs1Ns7-F1 "a AAok Va
Americas top salaries has been
made public--and we're all re-
minded again that some people
make an awful lot of money be-
fore taxes.
The names at the top include
several old standbys-like Char
les E. Wilson of General Motors.
In fact it develops that General
Motors pays seven of the ten
highest salaries. Second on the
list after Wilson was Albert Brad
ley, executive vice-preSident Of
G. M. He pulled down $54l, 900
altogether.
But the number-three man on
the list is relatively unknown. de-
spite his extraordinary position
in this world of ours. This third
man is president Of one Of Amer
ica's most celebrated operations
n. E. Dupont De Nemours. You
know-nylon, and all the rest.
And incidentally Dupont owns a
goodly chunk of General Motors
stock itself.
Well, the president Of Dupont is,
believe it or not, 48 years old. His
name is Crawford Hallock Green
walt, but he is known in the world
Of tycoons in which he lives as
C-H" He is also known to a sell
Get few as Greene" which he
is said to like better.
GREENE was paid $439, $50 for
his services running Dupont in
1850.
The Dupont organization has
always been family proposition.
1t is a huge corporation and a
huge family. Hundreds of mem
bers, all somehow related. have
been known to gather on the an
cestral estate in Wilmington for
Reunions And this family piety
is taken very seriously by the
three famous elder DuPonts who
run the show
So the president of the COM
pany is a relative. He is married
to Margaretta Lammot Dupont.
Irenee was the president of the
company at the time Greenwalt
married daughter Margaretta. But
this is getting ahead of the story.
Actually, Greenwalt was work
ing for DUPONT for years before
he ever heard of Margaretta. He
worked his way up from ono of
these jobs they give bright young
engineers.
Greenwalt was born in 1902,
in Cummington, Massachusetts,.
His father was a physician. But
the boy was brought up in Phila-
dclphia, to which the family NOV
cd in his infancy. His father was
staff doctor at the famous Girard
College. His mother, Mary was
concert pianist and incidental
~, she was one Of the discoveries
of the uses of colored light in
heightening the effects of music
She wrote books about it.
In any case, Greenewalt was
brought up in a lively intellectual
atmosphere. But the arts were not
for him. He went TO Massachus-
etts Institute OF Technology and
studied chemical engineering
graduating with honors in 1922.
He was then ig years old
Which Is very young indeed TO
have got through Nit with or
without honors. That same year,
age l9, Greenewalt went to work
for Dupont, He was what is call
ed Control Chemist in one of
the laboratories--which means he
was learning the business.
II was Job, and it paid, and
Greenewalt advanced rapidly
but it didn't seem to be big BUSH
ness at all, then. II was scientific
rcsearch--and as Greenewalt him-
self said recently. only about one
m 20 of DuPont's research pro-
lccts really pays off.
Greenwalt himsel fhad an inn
portant part in one Of those pay
ing projects, About ten years aft.
er he had started out in the organ
ration, he became one of the
leaders in developing commercial
yarn out of the chemical wonder
stuff, nylon.
Greenwalt became assistant
director Of the Dupont expert.
mental station in 1899. and in two
moro years he was on the board OF
directors of the whole works.
Greenwalt then held series
OF vice-presidencieS in several diff
ferent branches OF DUPONT. And
in~~January of i943, he was al.
ected president Of the corporation
DUPONT, incidentally, is the big.
gest ehenNcal company in the
United States, with nearly 100000
stockholders and assets Of vel
over one and one half billion dol.
lars. Il also controls the Reming
ton arms company.
And TO give you an idea Of Du
Points interest in General Motor:
---DuPont's dividend from GIN il
l0aS-~the year Greenwalt wa
cleeted~was As million dollars
This is Quite an outfit 10 be elect
cd president Of when you're 4,
years old, c, H. Grecnwalt /
one OF only two men not nance