July 20th 1894
Errett Lobban Cord was born in Warrensburg, Missouri, on this day in 1894. Cord moved to Los Angeles while he was in high school and remained there after his graduation, starting a number of car dealerships. His prowess as a salesman led him to pursue bigger goals and to look for a way to invest the $100,000 he had managed to save in a few years of work. "Then I started looking around," he said, "I wanted to do something with that $100,000."
Errett Lobban Cord
Source:
The History Channel
Wikipedia