Jack C. Taylor, American billionaire businessman, Died at 94

Home » Business » Jack C. Taylor, American billionaire businessman, Died at 94
Business No Comments

Jack Crawford Taylor was born on April 14, 1922, and died on July 2, 2016.

He was an American businessman and billionaire.

He founded the Enterprise Rent-A-Car Company.

Following the war, Jack returned to St. Louis and started a delivery service company.

During 1948,Taylor took a job at the Lindburg Cadillac dealership where he eventually became a sales manager.

Jack started a car leasing business at the dealership in partnership with his employer, Arthur R. Lindburg, which required that he take a 50 percent pay cut and put up $25,000 for a 25% interest in the business, in 1957.

This was targeting people whose cars were in the shop, the Executive Leasing Company began operation with a total of eight cars.

During 1969, Jack expanded outside Saint Louis and changed the name of the company to Enterprise (named after the USS Enterprise aircraft carrier upon which he had served in World War II).

Not like his competitors, who focused on business rentals at airports, Taylor concentrated on the hometown market offering home pickup services which led to Enterprise’s “We’ll Pick You Up” slogan.

As of the 1980, the rental fleet had grown to 6,000 cars.

During 1989, the fleet had grown to 50,000 and he changed the name of the company to Enterprise Rent-A-Car.

Since 1992, Enterprise surpassed $1 billion in revenues and by 1995, it reached $2 billion in revenues.

During 2007, Enterprise purchased National Car Rental and Alamo Rent-A-Car.

Now, the executive chairman is Taylor’s son, Andrew C. Taylor.

His business credo was: “Take care of your customers and employees first, and profits will follow.

Jack C. Taylor passed away at 94 years old.

Comments

comments