740:
436:...in the late 1960s helped combine a group of small manufacturing companies into AMK Corp. As AMK chairman, he quickly transformed the company into an $ 840 million-a-year giant by acquiring John Morrell & Co., an ailing meat packer. He then noticed that United Fruit was ripe for picking....
224:, a company that made caps for milk bottles. He was hired to be their chairman and chief executive officer in 1954. Black renamed the company AMK, after its ticker symbol, and turned it into a vehicle for acquisitions, joining the
235:
company. AMK joined the nation's top 500 companies in 1967. In
September 1968, Black bought 10% of the outstanding shares of United Fruit on the open market, while outbidding other companies, and gained a controlling interest.
263:. In 1974, United Brands reported losses of $ 40 million for the first three quarters of the year. Black struggled to keep the company solvent, and in December United Brands announced that it was selling its interest in
251:
banana brand. But Black soon discovered that United Fruit had far less capital than he had believed. The company soon became crippled with debt. The company's losses were exacerbated by
792:
287:
beside motorists. Homicide detectives concluded that the quarter-inch glass window was broken with Black's attaché case and classified his death a suicide. A few weeks later the
606:
843:
681:
858:
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175:, Poland, he immigrated to the United States along with his mother and sisters via the SS Republic on February 19, 1925 to join their father in New York City. The
878:
853:
888:
833:
756:
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838:
491:
509:
247:. Black became chairman, president, and CEO. At that time, United Fruit was importing about a third of all the bananas sold in the US and owned the
903:
674:
341:
913:
908:
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393:
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50:
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530:
Smart
Alliance: How a Global Corporation and Environmental Activists Transformed a Tarnished Brand
322:
296:
201:
190:
130:
88:
659:
476:
St. Petersburg Times: "Violent Death
Contradicted Executives' Quiet Life" by Peter T. Kilbourne
450:
Eli and the
Octopus: The CEO Who Tried to Reform One of the Worldâs Most Notorious Corporations
724:
650:
534:
453:
334:
709:
306:
276:
229:
205:
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92:
714:
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423:
217:
180:
171:
as the youngest of three children to Chaje
Schulson and Benzion âBenjaminâ Blachowicz in
302:
under authorization by Black in order to obtain a reduction of taxes on banana exports.
719:
690:
562:
353:
252:
817:
310:
244:
220:, and then the American Securities Corporation, where he worked on financing for the
68:
193:, and graduated at the top of his class in 1940. He also received training to be an
264:
147:(April 9, 1921 â February 3, 1975) was an American businessman. He controlled the
739:
232:
275:
On
February 3, 1975, Black went to his office on the forty-fourth floor of the
330:
152:
120:
321:
Black was married to artist
Shirley Lubell (sister of Oklahoma oil executive
280:
283:. At about 8:00 a.m., he fell to his death, landing on the northbound
638:
Peter T. Kilborn, "Suicide of Big
Executive: Stress of Corporate Life",
260:
248:
185:
366:
publication committee. The Eli M. Black
Lifelong Learning Center at the
176:
256:
172:
46:
292:
197:
663:
329:). They had two children: daughter Judy Schlosberg and son
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bandwagon of the 1960s. Among his many takeovers was the
216:
Black's business career began in investment banking with
208:
for three and a half years prior to entering business.
471:
469:
785:
747:
702:
527:Taylor, Gary; Scharlin, Patricia (April 10, 2004).
126:
115:
107:
99:
84:
76:
57:
28:
21:
649:, Beverley, Massachusetts: Quinlan Press, 1987.
586:"New Learning Center For Park Avenue Synagogue"
413:
411:
409:
757:History of private equity and venture capital
675:
492:"44âStory Plunge Kills Head of United Brands"
384:included a scene resembling Black's suicide.
200:and served as the rabbi of a congregation in
8:
452:. Harvard University Press. pp. 15â33.
844:American food industry business executives
682:
668:
660:
356:, the Jewish Guild for the Blind, and the
18:
333:, founding member of private equity firm
859:American people of Polish-Jewish descent
486:
484:
360:. He had also served as chairman of the
405:
342:Lincoln Center for the Performing Arts
879:Polish emigrants to the United States
854:American manufacturing businesspeople
631:"Eli Black's Rites Attended by 500",
533:. Yale University Press. p. 29.
255:in 1974, which destroyed many of its
7:
889:Suicides by jumping in New York City
834:20th-century American businesspeople
839:American businesspeople in shipping
510:"Direct Bribe Bid is Laid To Black"
394:Union of Banana Exporting Countries
350:Federation of Jewish Philanthropies
155:co-founded the private equity firm
584:Lipman, Steve (October 17, 2017).
289:Securities and Exchange Commission
14:
340:Black served as a trustee of the
738:
291:uncovered a 1.25-million-dollar
16:American businessman (1921â1975)
762:Early history of private equity
448:Garcia, Matt (April 18, 2023).
183:, where his father worked as a
904:People from Woodmere, New York
605:Dalton, Stephen (2007-06-21).
1:
346:The American Jewish Committee
914:20th-century American rabbis
909:Rabbis from New York (state)
555:"JUDY BLACK Obituary (2015)"
849:American investment bankers
777:Private equity in the 2000s
772:Private equity in the 1990s
767:Private equity in the 1980s
295:that United Brands paid to
935:
313:bought into United Fruit.
179:-speaking family lived in
894:Yeshiva University alumni
736:
239:In 1970, AMK merged with
222:American Seal-Kap Company
793:Private equity investors
591:The New York Jewish Week
169:Elihu Menashe Blachowicz
163:Early life and education
157:Apollo Global Management
33:Elihu Menashe Blachowicz
874:Yiddish-speaking people
419:"Prettying Up Chiquita"
370:is named in his honor.
327:Grace Borgenicht Brandt
243:, and adopted the name
136:Grace Borgenicht Brandt
869:Lehman Brothers people
300:Oswaldo LĂłpez Arellano
230:John Morrell & Co.
80:Eli Menashe Blachowitz
642:, February 14, 1975.
368:Park Avenue Synagogue
305:After Black's death,
149:United Brands Company
899:United Fruit Company
635:, February 6, 1975.
241:United Fruit Company
798:Venture capitalists
703:Investment strategy
498:. February 4, 1975.
427:. September 3, 1973
381:The Hudsucker Proxy
374:Cultural references
363:Commentary Magazine
285:Park Avenue Viaduct
884:People from Lublin
645:Thomas P. McCann,
640:The New York Times
633:The New York Times
565:. 17 November 2015
514:The New York Times
496:The New York Times
323:Benedict I. Lubell
297:Honduran president
267:for $ 70 million.
265:Foster Grant, Inc.
191:Yeshiva University
131:Benedict I. Lubell
89:Yeshiva University
864:Corporate raiders
811:
810:
803:Corporate raiders
478:February 19, 1975
335:Apollo Management
145:Eli Menashe Black
142:
141:
926:
742:
684:
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670:
661:
619:
618:
613:. Archived from
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307:Seymour Milstein
133:(brother-in-law)
77:Other names
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61:February 3, 1975
42:
40:
19:
934:
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814:
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743:
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698:
695:venture capital
688:
628:
626:Further reading
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516:. May 17, 1975.
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325:and art dealer
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277:Pan Am Building
273:
259:plantations in
218:Lehman Brothers
214:
212:Business career
195:Orthodox Jewish
181:Lower East Side
165:
138:(sister-in-law)
134:
72:
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62:
53:
44:
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24:
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826:
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795:
789:
787:
786:Investor types
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691:Private equity
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617:on 2011-05-17.
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563:New York Times
559:www.legacy.com
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459:978-0674980808
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378:The 1994 film
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354:Babson College
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253:Hurricane Fifi
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189:. He attended
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111:Shirley Lubell
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65:(aged 53)
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26:
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15:
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845:
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840:
837:
835:
832:
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829:1975 suicides
827:
825:
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819:
804:
801:
799:
796:
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655:0-933341-53-9
652:
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647:On the Inside
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608:
607:"Film Choice"
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540:9780300128079
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358:Jewish Museum
355:
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347:
343:
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328:
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317:Personal life
316:
314:
312:
311:Paul Milstein
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245:United Brands
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119:2, including
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69:New York City
60:
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43:April 9, 1921
31:
27:
20:
646:
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615:the original
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600:
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579:
567:. Retrieved
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529:
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513:
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449:
443:
435:
429:. Retrieved
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379:
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361:
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304:
274:
238:
226:conglomerate
221:
215:
184:
168:
166:
144:
143:
63:(1975-02-03)
23:Eli M. Black
919:1975 deaths
824:1921 births
730:Secondaries
233:meatpacking
103:Businessman
818:Categories
561:. Legacy.
431:2008-08-22
400:References
331:Leon Black
153:Leon Black
151:. His son
121:Leon Black
100:Occupation
39:1921-04-09
725:Mezzanine
697:investors
611:The Times
281:Manhattan
85:Education
388:See also
261:Honduras
249:Chiquita
206:New York
202:Woodmere
116:Children
749:History
715:Venture
177:Yiddish
720:Growth
710:Buyout
653:
569:23 May
537:
456:
348:, the
257:banana
186:shohet
173:Lublin
127:Family
108:Spouse
71:, U.S.
51:Poland
47:Lublin
293:bribe
271:Death
198:rabbi
167:Born
693:and
651:ISBN
571:2021
535:ISBN
454:ISBN
424:Time
309:and
58:Died
29:Born
279:in
820::
609:.
588:.
557:.
512:.
494:.
483:^
468:^
434:.
421:.
408:^
352:,
344:,
337:.
204:,
159:.
93:BA
49:,
683:e
676:t
669:v
594:.
573:.
543:.
462:.
95:)
91:(
41:)
37:(
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