The Atlas Organization (OTC Red: ATLR), is a firm produced in 1928, in a merger of the United Company, an investment organization were only available in 1923 with $40,000, with Atlas Resources and Shareholders Ltd. The organization specialised in capital creation and management. In 1929, Atlas was a $12,000,000 investment trust. The business could shrewdly weather the currency markets crash and continue steadily to expand through the 1930s and 1940s. The organization was founded by Floyd Odlum and his brother-in-law Boyd Hatch.
With Floyd Odlum as chief executive and Boyd Hatch as vice-president, Atlas spent, managed or manipulated numerous market sectors, including Greyhound Lines, the Bonwit Teller (attained 1934) and Franklin Simon & Co. (received 1936) females’ clothing stores, Madison Square Garden, and different mines, tool companies, aviation related businesses, and banking institutions. After Atlas Company obtained the Bonwit Teller women’ attire stores, Floyd Odlum persuaded his better half, Hortense Odlum, to be mixed up in store’s functions. She became the first feminine president of a significant department store string when she became leader of Bonwit Teller in 1934. In 1948, Howard Hughes received controlling involvement in RKO from Atlas. The Atlas Missile program was known as following the Atlas Organization, the builder through its Consolidated Vultee Aeroplanes Company, (later Convair) subsidiary, that was found in the Mercury missions to send astronauts into orbit.
Today, Atlas Organization is a general population company bought and sold on the Red Linens with ticker ATLR. The business has possession in natural resources investment funds.
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