Jack C. Taylor
Jack C. Taylor | |
|---|---|
| Born | Jack Crawford Taylor April 14, 1922 |
| Died | July 2, 2016 (aged 94) St. Louis, Missouri, US |
| Alma mater | Washington University in St. Louis – Westminster College (Missouri) |
| Occupation | Entrepreneur |
| Children | 2, including Andrew |
| Military career | |
| Allegiance |  United States |
| Branch |  United States Navy |
| Years of service | 1942–1945 |
| Rank | Lieutenant, USNR |
| Wars | World War II |
| Awards | |
Jack Crawford Taylor (April 14, 1922 – July 2, 2016) was an American businessman and billionaire who founded the Enterprise Rent-A-Car Company. Taylor also was a fighter pilot for the United States Navy during World War II.
Early life and education
[edit]Taylor was the elder of two sons born in St. Louis, Missouri, to Melburne Martling Taylor and Dorothy Crawford Taylor.[1] Taylor enrolled in the Olin Business School at Washington University in St. Louis in 1940.[2][3] He left school to join the U.S. Navy.[3] During World War II, he piloted an F6F Hellcat fighter from the decks of the USS Essex (CV-9) and the USS Enterprise (CV-6)[2] earning two Distinguished Flying Crosses and the Navy Air Medal.[3]
Career
[edit]After the war, he returned to St. Louis and started a delivery service company. In 1948, he took a job at the Lindburg Cadillac dealership where he eventually became a sales manager.[3] In 1957, he started a car leasing business at the dealership in partnership with his employer, Arthur R. Lindburg[citation needed], which required that he take a 50 percent pay cut and put up $25,000 for a 25% interest in the business.[3] Targeting people whose cars were in the shop, the Executive Leasing Company began operation with a total of seven cars.[3]
In 1969, Taylor expanded outside St. Louis and changed the name of the company to Enterprise, after the USS Enterprise aircraft carrier upon which he had served in World War II.[4] Unlike 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.[3] By 1980, the rental fleet had grown to 6,000 cars. In 1989, the fleet had grown to 50,000 and he changed the name of the company to Enterprise Rent-A-Car.[3] By 1992, Enterprise surpassed $1 billion in revenues and by 1995, it reached $2 billion in revenues. In 2007, Enterprise purchased National Car Rental and Alamo Rent-A-Car.[3] The current executive chairman is Taylor's son, Andrew C. Taylor.[3]
Taylor's business credo was: "Take care of your customers and employees first, and profits will follow." His grand daughter, Chrissy Taylor, is now the CEO of the company.[3][5]
Philanthropy
[edit]Among other gifts, Taylor gave:
- $45 million to the Donald Danforth Plant Science Center in St. Louis, Missouri, part of which established the Enterprise Rent-A-Car Institute to pursue green energy projects.
- $40 million to the St. Louis Symphony Orchestra[3]
- $30 million to the Missouri Botanical Garden to fund global plant research. It was the largest gift ever to a U.S. botanical garden)[3]
- $25 million to establish the Enterprise Rent-A-Car Scholars Program at Washington University in St. Louis for minority and financially disadvantaged students
- $1 million to Ranken Technical College in St. Louis
- $22 million to 10 charitable and educational organizations that support underserved children in the St. Louis area[6]
- $92.5 million to 13 cultural institutions and charities, mostly in the St. Louis area[7]
Personal life
[edit]Taylor was married and divorced twice. In 1945, Taylor married the former Mary Ann MacCarthy, and the couple had two children: Andrew C. Taylor, who is the executive chairman of Enterprise, and Jo Ann Taylor, who runs the Taylor family philanthropic activities.[5] Taylor and his first wife divorced in 1977 after a long separation, and in 1979, he married Susan Orrison. Taylor and Orrison divorced in 2000.[8] In 1978, Taylor's first wife married E. Desmond Lee, a widower and a prominent businessman and philanthropist in his own right.[9]
Taylor died on July 2, 2016, in St. Louis at the age of 94.[10]
Honors
[edit]In 2021, the United States Naval Institute in Annapolis named its new conference center for Taylor.[11]
References
[edit]- ^ St. Louis Beacon: "Paul Taylor: Helped brother build Enterprise Leasing, the nation's largest rental vehicle business" By Gloria S. Ross Archived July 20, 2013, at the Wayback Machine October 1, 2012
- ^ a b "Washington 2003, A Man on a Mission". Archived from the original on August 1, 2010. Retrieved December 11, 2007.
- ^ a b c d e f g h i j k l m University of Missouri: Missouri History – Jack C. Taylor Archived March 3, 2016, at the Wayback Machine. Retrieved March 30, 2013
- ^ "ABOUT ENTERPRISE RENT-A-CAR". enterprise.com. Retrieved March 16, 2020.
- ^ a b CNN Money: "The big surprise is Enterprise" By Carol J. Loomis July 14, 2006
- ^ "Taylor family donates $22 million toward education and charitable organizations". St.Louis Today/St.Louis Post-Dispatch. May 27, 2015. Retrieved June 11, 2015.
- ^ "Taylors give $92.5 million to 13 recipients, including Arch, Forest Park". St.Louis Today/St.Louis Post-Dispatch. June 10, 2015. Retrieved June 11, 2015.
- ^ Jr, Robert D. Hershey (July 3, 2016). "Jack Taylor, Founder of Enterprise Rent-A-Car, Dies at 94". The New York Times. Retrieved November 12, 2018.
- ^ "E. Desmond "Des" Lee Obituary (2010) St. Louis Post-Dispatch". Legacy.com.
- ^ Gallagher, Jim. "Jack Taylor, founder of Enterprise Holdings and leading philanthropist, dies at 94". St Louis Post-Dispatch. Retrieved July 2, 2016.
- ^ "The U.S. Naval Institute's Jack C. Taylor Conference Center". U.S. Naval Institute. Retrieved March 22, 2022.
External links
[edit]- 1922 births
- 2016 deaths
- American billionaires
- Businesspeople from St. Louis
- United States Navy officers
- United States Naval Aviators
- United States Navy pilots of World War II
- Olin Business School (Washington University) alumni
- Recipients of the Air Medal
- Recipients of the Distinguished Flying Cross (United States)
- Missouri Botanical Garden people
- Enterprise Holdings
- Philanthropists from Missouri
- 20th-century American businesspeople
- 21st-century American businesspeople
- 20th-century American philanthropists
- 21st-century American philanthropists
- Washington University in St. Louis trustees