Archibald Bush
Archibald Granville Bush (March 5, 1887 – January 16, 1966)[1] was an American businessman primarily involved with 3M.
Bush was born in Granite Falls, Minnesota, and worked on the family farm as a youth, but his hay fever encouraged him to move to Duluth and study business.[2] In 1914, he was hired as sales manager for the then-struggling 3M, working under the management of William L. McKnight, and helped the firm's rise from near-bankruptcy to large-scale profitability.[2][3] He remained sales manager for some decades; in the late 1940s he was elected executive vice-president, and from 1949 to his death in 1966 he was chair of the company's executive committee.[2] He purchased considerable 3M stock early on, and made a fortune during the company's turnaround, in addition to his roles in numerous other businesses; he used part of this fortune, estimated at $200 million at his death, to establish the charitable Bush Foundation in 1953, with much of the remainder of his fortune going to the foundation upon his death.[1][2] He died in 1966, and is buried in Oakland Cemetery in Saint Paul.[1]
References
- 1 2 3 Stew Thornley (2004). Six Feet Under: A Graveyard Guide to Minnesota. Minnesota Historical Society Press. p. 125. ISBN 0-87351-514-5.
- 1 2 3 4 Waldemar A. Nielsen (2002). Golden Donors: A New Anatomy of the Great Foundations. Transaction Publishers. pp. 377–379. ISBN 0-7658-0912-5.
- ↑ Clifford E. Clark (1989). Minnesota in a Century of Change: The State and Its People Since 1900. Minnesota Historical Society Press. p. 228. ISBN 0-87351-238-3.