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Floyd Odlum

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Floyd Odlum


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About Floyd Odlum


Floyd Bostwick Odlum (March 30, 1892, Union City, Michigan – June 17, 1976, Indio, California) was a wealthy lawyer and industrialist. He has been described as \"possibly the only man in the United States who made a great fortune out of the Depression,\" [1]. After struggling as a corporate attorney in Salt Lake City, Odlum received an offer to a law clerk at a New York firm, and in 1921 became Vice-President of his primary client, Electric Bond and Share Company. In 1923, Odlum, a friend, and their wives pooled a total of $39,600 and formed the United States Company to speculate in purchases of utilities and general securities. Within two years, the company\s net assets had increased 17 fold to nearly $700,000 [2]. In 1928, Odlum incorporated Atlas Utilities Company to take over the common stock of his other company. During the summer of 1929, Odlum was one of the few industrial

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