Archibald Bush
Encyclopedia
Archibald Granville Bush (March 5, 1887 – January 16, 1966) was an American
businessman primarily involved with 3M
.
Bush was born in Granite Falls, Minnesota
, and worked on the family farm as a youth, but his hayfever encouraged him to move to Duluth
and study business. In 1914, he was hired as sales manager for the then-struggling 3M, working under the management of William L. McKnight
, and helped the firm's rise from near-bankruptcy to large-scale profitability. He remained sales manager for some decades; in the late 1940s he was elected executive vice-president, and from 1949 to his death in 1966 he was chair of the company's executive committee. He purchased considerable 3M stock early on, and made a fortune during the company's turnaround, in addition to his roles in numerous other businesses; he used part of this fortune, estimated at $200 million at his death, to establish the charitable Bush Foundation
in 1953, with much of the remainder of his fortune going to the foundation upon his death. He died in 1966, and is buried in Oakland Cemetery in Saint Paul
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
businessman primarily involved with 3M
3M
3M Company , formerly known as the Minnesota Mining and Manufacturing Company, is an American multinational conglomerate corporation based in Maplewood, Minnesota, United States....
.
Bush was born in Granite Falls, Minnesota
Granite Falls, Minnesota
As of the census of 2000, there were 3,070 people, 1,344 households, and 806 families residing in the city. The population density was 890.5 people per square mile . There were 1,472 housing units at an average density of 427.0 per square mile...
, and worked on the family farm as a youth, but his hayfever encouraged him to move to Duluth
Duluth, Minnesota
Duluth is a port city in the U.S. state of Minnesota and is the county seat of Saint Louis County. The fourth largest city in Minnesota, Duluth had a total population of 86,265 in the 2010 census. Duluth is also the second largest city that is located on Lake Superior after Thunder Bay, Ontario,...
and study business. In 1914, he was hired as sales manager for the then-struggling 3M, working under the management of William L. McKnight
William L. McKnight
William L. McKnight was an American businessman and philanthropist who served his entire career in the 3M corporation, rising to chairman of the board from 1949 to 1966. He founded The McKnight Foundation in 1953....
, and helped the firm's rise from near-bankruptcy to large-scale profitability. He remained sales manager for some decades; in the late 1940s he was elected executive vice-president, and from 1949 to his death in 1966 he was chair of the company's executive committee. He purchased considerable 3M stock early on, and made a fortune during the company's turnaround, in addition to his roles in numerous other businesses; he used part of this fortune, estimated at $200 million at his death, to establish the charitable Bush Foundation
Bush Foundation
The Bush Foundation was created in 1953 by Archibald Granville Bush an American businessman primarily involved with 3M and his wife, Edyth Bassler Bush. The organization awards $40 million a year to philanthropic organizations, primarily located in Minnesota and the Upper Midwest....
in 1953, with much of the remainder of his fortune going to the foundation upon his death. He died in 1966, and is buried in Oakland Cemetery in Saint Paul
Saint Paul, Minnesota
Saint Paul is the capital and second-most populous city of the U.S. state of Minnesota. The city lies mostly on the east bank of the Mississippi River in the area surrounding its point of confluence with the Minnesota River, and adjoins Minneapolis, the state's largest city...
.