Expansion of DuPont Pierre S. du Pont

pierre s. du pont on cover of time magazine

he , cousins, alfred i. du pont , t. coleman du pont, purchased e. i. du pont de nemours , company in 1902, in order keep company in family hands, after death of president, eugene i. du pont. set buying smaller powder firms. until 1914, during coleman du pont s illness, pierre du pont served treasurer, executive vice-president, , acting president.

in 1915, group headed pierre, included outsiders, bought coleman s stock. alfred offended , sued pierre breach of trust. case settled in pierre s favor 4 years later, relationship alfred suffered greatly, , did not speak after that.

pierre served dupont s president until 1919. pierre gave dupont company modern management structure , modern accounting policies , made concept of return on investment primary. during world war i, company grew due advance payments on allied munition contracts. established many other dupont interests in other industries.

he featured on cover of time magazine january 31, 1927 issue. same year elected honorary member of delaware society of cincinnati.