Great American Business Leaders of the 20th Century
Joseph P. Routh
Pittston Company
1939–1976
1939–1976
Pittston Company
1939–1976
1939–1976
- Industry: Agriculture & Mining
- Era: 1930
When Routh assumed the position of President in 1938, Pittston’s coal and oil production businesses were generating $26 million in revenues and losing approximately $1 million on the bottom-line. Through shrewd investments and tight financial controls, Routh created a turnaround situation. By the time of his departure, Pittston was amassing revenues in excess of $675 million and generating $30 million in earnings.