The restructuring of Atlantic Steel would set the table for the biggest move of Woodruff's career: the takeover of The Coca-Cola Company in 1919, which he negotiated with Asa Griggs Candler.

Oct 1, 2023 · Ernest Woodruff orchestrated a hostile takeover of Coca-Cola in 1916 for $25 million. Woodruff was only briefly CEO. He put his son Robert in charge just four years later.

Feb 4, 2017 · In 1919, he created a syndicate to purchase Coca-Cola from the Candlers for $25 million. Although located in Atlanta, the reorganized Coca-Cola Company’s formative leaders were either Columbus natives or residents.

Robert Winship Woodruff (December 6, 1889 – March 7, 1985) was an American businessman who served as the president of The Coca-Cola Company from 1923 until 1955. With a large net worth, he was also a major philanthropist, and many educational and cultural landmarks in the U.S. city of Atlanta, Georgia , bear his name.

It was Ernest Woodruff, a Southern financier, who bought the company in 1919 (for $25 million) and started its expansion. Four years later he turned it over to his hustling son Robert, who soon...

Jan 5, 2023 · We are ringing in the new year with a spotlight series of the "Boss," Robert Woodruff, highlighting the Woodruff family's history in Columbus and their Coca-Cola connections.

Oct 18, 2020 · This set the table for the biggest move of Woodruff's career: the take over of The Coca-Cola Company which he negotiated with Asa Candler in 1919. His sons, Robert W. Woodruff and George W. Woodruff, would run that company for years leaving Candler's son Howard Candler rather out of the picture.

1886 – Dr. John S. Pemberton invents Coca‑Cola in Atlanta. 1892 – Asa Candler buys the rights to the Coca‑Cola business and the secret formula. 1919 – Ernest Woodruff and a group of investors buy the company from Candler, using the secret formula as collateral for a loan.

Apr 29, 2014 · Ernest Woodruff and W. C. Bradley convinced Robert Woodruff to take a $50,000 annual pay cut to come back to Atlanta and lead The Coca-Cola Company. That fateful Saturday in 1923 changed the future of The Coca-Cola Company forever.

Jan 19, 2023 · When Robert W. Woodruff stepped into his new job as president of The Coca-Cola Company, his 34th birthday was still more than seven months away. Although he was the unanimous choice of the board of directors, this enthusiasm and confidence in his ability had by no means seeped down through the ranks.