Chairman Fred Quotes

Then, as she turned to walk away, Fred dropped the guillotine. “So we’re making Ev CEO,” he said, his fork clenched in his hand. “You’re going to get a passive chairman role and a silent board seat. We have some paperwork for you and a recommendation for a lawyer.” Jack felt like he had just been hit in the face with a baseball bat. “Say that again,” he stuttered to Fred, thinking he had heard incorrectly. Fred repeated himself almost verbatim: We’re making Ev CEO. You’re getting a passive chairman role. You will have a silent board seat. Here’s the paperwork. Call a lawyer.

Still, Frederic Allen and his partners recognized that the markets were changing. Given its Boston roots, Lee Higginson lacked the national networks of Morgan or National City, a leading commercial bank. The firm needed someone to establish stronger connections, first with new companies whose securities would appeal to investors, and then throughout the United States with the investors themselves. Every American already knew Jack Morgan. They were getting to know National City’s chairman, Charles Mitchell, a former electrical goods salesman, who had been encouraging his brokers with sales contests, high commissions, and motivational speeches. Lee Higginson needed someone to join this fray, and to introduce the firm’s name and the companies it discovered to the public. It wouldn’t hurt if this man resembled Fred Astaire