DuPont Walston

DuPont Walston, Inc. was a former U.S. brokerage and investment banking firm. At its peak in the early 1970s, DuPont Walston was the second largest brokerage firm in the U.S. However, the firm collapsed following a series of mergers and closed in 1974.

DuPont Walston was formed from the 1973 merger of F. I. DuPont, Glore Forgan & Co. and Walston & Co. The latter was acquired by Ross Perot following pension account fraud and then merged it with Dupont, which had found itself in financial difficulties.^[1][2]

Just a few years earlier, F.I. Dupont had been created through the 1970 combination of Francis I. duPont Co. and Glore Forgan Staats, Inc.,^[3] which itself was formed through the combination of Glore, Forgan Co. and Wm. R. Staats Co. in 1964.^[4]

References

1. ^ [1]
2. ^ http://www.time.com/time/magazine/article/0,9171,876994,00.html
3. ^ http://select.nytimes.com/gst/abstract.html?res=F00B14F93F5812718DDDAD0894DE405B808BF1D3
4. ^ http://select.nytimes.com/gst/abstract.html?res=F30710FA39581B728DDDAC0994DA415B848AF1D3