Eustace Mullins wrote ... Elmer Bobst, who was Laskers partner in putting the American Cancer Society over the top, was also a tycoon. Unlike Lasker, Bobst had come from a poor family, but he also had the born hucksters mentality, taken from that native American entrepreneur, P. T. Barnum, who said, Theres a sucker born every minute. Bobst joined the drug firm of Hoffman LaRoche in 1911, where his talents as a salesman got him the presidency of the firm. He was also a shrewd businessman; just after World War I, knowing that commodity prices were bound to fall, he was shocked to find that the firm had accumulated huge inventories in the New Jersey warehouse. He quickly closed a deal with Eastman Kodak to buy five tons of bromides, a key ingredient not only of analgesics but also of photographic supplies. He offered the bromides at sixty cents a pound, ten cents below the market price. Within a few weeks, the market price had fallen to sixteen cents a pound.
Posted on: Thu, 14 Nov 2013 16:53:14 +0000
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