Francis Levien

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Francis Levien
Born1905 (1905)
New York City, United States
DiedJune 15, 1995(1995-06-15) (aged 89–90)
New York City, United States
NationalityAmerican
Other namesFrancis S. Levien
Alma materColumbia University (BA, LLB)
Occupationlawyer, industrialist
EmployerGulf and Western
Known fornamesake of Levien Gymnasium

Francis S. Levien (1905 – June 15, 1995) was an American lawyer and industrialist specialized in the creation of conglomerates. He was a director of Gulf and Western Industries.[1]

Biography[]

Born in 1905, Levien graduated from Columbia College in 1926 and Columbia Law School in 1928.[2] He began a law practice named Levien, Singer & Neuberger and made a small fortune during the 1930s, when he and his partner, Herbert M. Singer, won a case in Delaware, resulting in the formation of PepsiCo.[3][4][5] He was also a shareholder of the company.[6][7]

He also formed a partnership with the New England paper merchant Harry E. Gould and turned a marginal steelmaker, the Steel Materials Corporation, into a thriving money-maker from World War II military contracts.[8][9]

In 1950, Levien bought a defunct steel mill in Ohio and put it back in operation as the Ohio River Steel Company.[9] In 1951, Levien and Gould traded their stake in the steel company for control of a printing-ink business, Universal Laboratories. They changed the name of the holding company into Universal American Corporation, which was then merged into Gulf and Western Industries.[10] Levien subsequently became a director of Gulf and Western Industries until his retirement in 1985.[11] He was also a director of several companies, including Kansas City Southern Industries and 20th century Fox.[12][13]

In 1962, he donated $1 million towards building a new gymnasium at Columbia University that was named in his honor.[2][14]

Personal life[]

Levien married Janice L. Currick in 1936 at the Savoy-Plaza Hotel.[15] He died on June 15 at Mount Sinai Hospital and was survived by his wife, a daughter, Lorna Lubash, and two grandchildren.

References[]

  1. ^ Saxon, Wolfgang (1995-06-15). "Francis Levien, 90, Industrialist Known For Conglomerates". The New York Times. ISSN 0362-4331. Retrieved 2021-09-18.
  2. ^ a b "Facilities". Columbia University Athletics. Retrieved 2021-09-18.
  3. ^ Ying, Jennifer (2009). "Guth v. Loft: The Story of Pepsi-Cola and the Corporate Opportunity Doctrine". SSRN Electronic Journal. doi:10.2139/ssrn.1414478. ISSN 1556-5068. S2CID 107061882.
  4. ^ Nemy, Enid (1996-10-08). "Herbert M. Singer, 89, Dies; Lawyer and Philanthropist". The New York Times. ISSN 0362-4331. Retrieved 2021-09-18.
  5. ^ "Loft, Inc. v. Guth, 23 Del. Ch. 138 (1938) | Legal Calculators". calculators.law. Retrieved 2021-09-18.
  6. ^ New York Supreme Court.
  7. ^ Inc, Nielsen Business Media (1954-10-30). Billboard. Nielsen Business Media, Inc.
  8. ^ "HARRY E. GOULD; STRICKEN AT FIGHT". The New York Times. 1971-03-10. ISSN 0362-4331. Retrieved 2021-09-18.
  9. ^ a b National Geographic. National Geographic Society. July 1976.
  10. ^ Reckert, Clare M. (1967-10-11). "GULF & WESTERN TO TRY NEW FIELD; Will Buy Block of Universal American Merger Ahead COMPANIES PLAN MERGER ACTIONS". The New York Times. ISSN 0362-4331. Retrieved 2021-09-19.
  11. ^ Judiciary, United States Congress House Committee on the (1970). Hearings.
  12. ^ "Altman v. Deramus, 342 F. Supp. 72 (S.D.N.Y. 1972)". Justia Law. Retrieved 2021-09-19.
  13. ^ "Zanuck Is New Prexy At 20th Century Fox" (PDF). World Radio History. August 4, 1962. Retrieved September 18, 2021.{{cite web}}: CS1 maint: url-status (link)
  14. ^ "University Record 12 December 1974 — Columbia Record". curecordarchive.library.columbia.edu. Retrieved 2021-09-19.
  15. ^ "JANICE L. CURRICK BECOMES A BRIDE; Married at the Savoy-Plaza to Francis S. Levien, Member of a Brooklyn Family". The New York Times. 1936-08-24. ISSN 0362-4331. Retrieved 2021-09-19.
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