Gordon S. Rentschler
Encyclopedia
Gordon Sohn Rentschler was a chairman of First National City Bank, a predecessor of Citigroup
.
He was born in Hamilton, Ohio
. His father was George A. Rentschler one of the principals of the Hooven-Owens-Rentschler
engine manufacturer. One of his daughters was married to Dean G. Witter
. His brother was aviation builder Frederick Brant Rentschler
.
He graduated as president of the class at Princeton University
in 1907 and returned to the family business. Following a flood in 1913 he worked with National City to secure a $35 million bond issue for permanent flood control issues. His actions drew the attention of Charles E. Mitchell
who became his patron at the bank.
In 1921 following a collapse of sugar prices in Cuba he acted on behalf of National City in dealing with the problem (his family interests had been in providing machines for the industry). In 1923 he was offered a directorship at the company at the age of 38 -- the youngest director in the bank's history at the time. He would commute once a week to New York. In 1925 he left management of his family business for First National.
He was elevated to chairman in 1940.
He died of a heart attack while still chairman of the bank and on trip to Cuba.
Citigroup
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
.
He was born in Hamilton, Ohio
Hamilton, Ohio
Hamilton is a city in Butler County, southwestern Ohio, United States. The population was 62,447 at the 2010 census. It is the county seat of Butler County. The city is part of the Cincinnati metropolitan area....
. His father was George A. Rentschler one of the principals of the Hooven-Owens-Rentschler
Hooven-Owens-Rentschler
The firm of Hooven, Owens, Rentschler, and Company manufactured steam and diesel engines in Hamilton, Ohio. Because the firm was frequently known by its initials, H.O.R., the Hooven is sometimes incorrectly rendered as Hoover, and the Owens may be mistaken for Owen.The firm was the successor to the...
engine manufacturer. One of his daughters was married to Dean G. Witter
Dean G. Witter
Dean G. Witter was a U.S. businessman who co-founded Dean Witter & Company, which became the largest investment house on the West Coast....
. His brother was aviation builder Frederick Brant Rentschler
Frederick Brant Rentschler
Frederick Brant Rentschler was an American aircraft engine designer, aviation engineer, and industrialist. A talented inventor of aviation equipment, Rentschler founded Pratt & Whitney Aircraft...
.
He graduated as president of the class at Princeton University
Princeton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....
in 1907 and returned to the family business. Following a flood in 1913 he worked with National City to secure a $35 million bond issue for permanent flood control issues. His actions drew the attention of Charles E. Mitchell
Charles E. Mitchell
Charles Edwin Mitchell was an American banker whose incautious securities policies facilitated the speculation which led to the Crash of 1929...
who became his patron at the bank.
In 1921 following a collapse of sugar prices in Cuba he acted on behalf of National City in dealing with the problem (his family interests had been in providing machines for the industry). In 1923 he was offered a directorship at the company at the age of 38 -- the youngest director in the bank's history at the time. He would commute once a week to New York. In 1925 he left management of his family business for First National.
He was elevated to chairman in 1940.
He died of a heart attack while still chairman of the bank and on trip to Cuba.