Monday, Feb. 18, 1929
G. M. C.'s Chair
The directors of General Motors Corp. last week accepted the resignation of one member of the du Pont family as their chairman and straightway elected his brother in his stead. Outgoing was brother Pierre; incoming was brother Lammot. The directors also heard President Alfred Pritchard Sloan Jr. report estimated 1928 earning of $276,468,108, an increase of some $41,000,000 over 1927.
Brother Pierre. A senior and most revered du Pont is Pierre Samuel du Pont--broad, thick chin; gleaming forehead; ready smile. He is a Wet. About six months ago he took leave of absence to join his protegee, John J. Raskob, in working for the Democratic party. The rest of the du Fonts are Dry and Republican. A polite fissure among the du Fonts and within G. M. C. was apparent while the campaign was raging. Now that it is over, Pierre du Font's interest is in The Association Against the Prohibition Amendment.
He has long been the foremost patron of education in the almost feudally du Pont state of Delaware and brother Pierre is reputed to have wanted to retire from active business before the du Fonts ever bought into G. M. C. Moreover, it is a du Pont tradition for elders to make way for juniors. T. Coleman (elder cousin), Pierre, Irenee and Lammot were successive presidents of E. I. du Pont de Nemours & Co.
Brother Lammot--tall and serious--his hair neatly parted on one side--peering through spectacles--is in many ways a slim edition of massive brother Pierre. But they differ in temperament. Lammot is a worker, a studious realist, where Pierre is a creative planner, an expansive idealist. Like Pierre's, his laugh is quiet, almost silent, but unlike Pierre's his interests are few and confined. Pierre crusades, but not Lammot. Pierre has conservatories; Lammot, conservatism.