Great American Business Leaders of the 20th Century
Paul W. Litchfield
Goodyear Tire & Rubber Company
1926–1940
1926–1940
Goodyear Tire & Rubber Company
1926–1940
1926–1940
- Industry: Automotive & Aerospace
- Era: 1920
As the president of Goodyear, Litchfield established $218 million in revenues by 1940 and a net profit of over $10 million. By this date, Goodyear distributed its products through 50,000 retail outlets and more than 400 company-owned stores. Litchfield was also responsible for the company’s substantial expansion and investments. Under his direction, Goodyear began to experiment in the development of airplane parts and fighter aircraft, becoming one of the ten largest producers in this field during World War II.
Education / Military
- Undergraduate: Massachusetts Institute of Technology