The legacy is in good hands with Ms. Williams. She's a true storyteller and writes with passion and candor while bluntly sharing her own resolve to rise above her
Maybelline founder Tom Lyle Williams
Showing posts with label The Maybelline Story and the Spirited Family Dynasty Behind It. Show all posts
Showing posts with label The Maybelline Story and the Spirited Family Dynasty Behind It. Show all posts
The Maybelline Story reads like the best fiction but with real characters and plots that take us on an American dream wild ride.
The legacy is in good hands with Ms. Williams. She's a true storyteller and writes with passion and candor while bluntly sharing her own resolve to rise above her
Interview with Glamourdaze - History of Mascara – Maybel Williams and The Maybelline Story
How many women in the world are aware that they owe a debt of gratitude to a young lady called Maybel Williams –
The resourceful girl had a flash of inspiration and burned a cork, mixed the ashes with some Vaseline and then applied it to what was left of her lashes. In an instant she resembled a Hollywood starlet! ‘Eureka!’ – mascara was born ! Not exactly of course. The art of dying lashes goes back to Cleopatra, but there was no removable cosmetic of this kind that a woman could buy over the counter
.
Her brother Tom along with his brother Noel took this idea and developed Lash Brow Line – the worlds first commercially available mascara.In 1916 he changed the name to Maybelline – named after – you guessed it – Maybel Williams! The name being a combination of Maybel and Vaseline !
1920-lash brow-ine—early-Maybelline product
Eugene Rimmel is also credited for producing the first petroleum jelly mix but the product that we all know and love today is without question down to the success of Maybelline. The story of Maybelline is not only one of glamor and success but of mystery and intrigue which until recently has remained untold. The big money did not actually come in to the family until the company was sold in 1967.
1930s Maybelline makeup ad
In 1978 came the mysterious murder of the original ‘Miss Maybelline’ – who died when her home was bombed. Maybelline heiress Sharrie Williams – Miss Maybelline’s grand-daughter and Tom and Maybels great niece – now tells the true story – and I can certainly say it has all the ingredients of a real dynasty drama in her book “The Maybelline Story” Sharrie has very kindly agreed to talk to Glamourdaze.
Sharrie , can you give us a quick synopsis of the Maybelline Story?
SW: The Maybelline Story traces the history of cosmetics in America and how one simple eye product caught the imagination of the public. Yet, unlike any other book about beauty, it reveals the never-before-told story of this man who invented mascara, Tom Lyle Williams (my great uncle)–a private figure who hid from the public because he was gay. To stay safe from the scrutiny of the press and government (which in the early thirties deemed mascara the “province of whores and homosexuals), Tom Lyle cloistered himself behind the gates of his Rudolph Valentino Villa and, with the help of his lifetime lover Emery, ran his empire from a distance. The deeper Tom Lyle went into hiding, the more his sister-in-law and ultra-ego Evelyn (my grandmother,) struggled her way to the spotlight. Attracted to bad boys, she married one–Tom Lyle’s playboy brother Preston (my grandfather). From that moment on, Evelyn used the Maybelline name–and later, its money–to reinvent herself from circus ballerina to flamboyant flapper, extravagant socialite to dinner theater star. Now, after nearly a century of silence, this true story celebrates the lives of a forgotten American hero–one man forced to remain behind a mask, and one woman whose hunger for beauty ultimately destroyed her. Spanning three generations, The Maybelline Story shows the hidden haunts of sudden fortune, and the tragedy that ensues when vanity lets loose. Finally, it speaks to women s’ decade-long desires–to be beautiful and be loved–and asks the question: At what price, beauty?
What is interesting is that the whole family became involved in Tom’s enterprise starting with your great uncle Noel along with your grandad Preston and grand aunt Eva! Did Mabel have anything to do with the business?
SW:Tom Lyle renamed his first eye beauty product Lash-Brow-Ine, to Maybelline in honor of his sister Mabel who gave him the idea for mascara, in 1915. She had burned her lashes and brows tried to make them grow back and look darker by mixing a concoction of Vaseline and ash from a burned cork in her hand and applying it to her brows and lashes. Tom Lyle took the idea to a chemist and Maybell Laboratories was born.
Your Grandmother Evelyn became the first Miss Maybelline ?
SW: My grandmother got that title when she opened a Dinner Theater in Hot Springs Arkansas in 1978. She promoted herself as Miss Maybelline “Last of the Red Hot Mama’s!” Her story ends in tragedy.
Evelyn Williams with her glamorous sisters Verona-and–Bunny-1922
What are your memories of visiting your grand uncle Tom as a young teenager ? I suppose there was lots of free make-up on the go !
SW: My favorite memory is driving all my best girlfriends up to his estate in Bel Air California, in my blue and white 1957 Chevy so we could get some samples of Maybelline for a raffle our Club was having. He not only gave us the raffle samples, he gave us a giant box of Maybelline products to split up between us. It was the most exciting thing that could happen to a bunch of 17 year old High School girls – a years supply of our favorite cosmetics for free!
Tom-Lyle-Williams—Maybelline-founder
Sharrie-Williams-with-Tom-Lyle–Maybelline-founder
As Maybelline took off with glamorous stars like Clara Bow lending their name to the brand – it must have been very exciting. Did your grandfather Preston and your great uncle Tom Lyle enjoy the trappings of Hollywood and all that went with it? It appears that while Preston partied – Tom kept his nose to the grind- stone and concentrated on developing Maybelline.
SW: Yes! Tom Lyle worked to build the brand using the biggest Stars in Hollywood to represent Maybelline and his brother, my grandfather Preston ran to Hollywood to hob nob with them. Especially with Clara Bow. However, it was also Preston who called his brother and said, “get out here, it’s Paradise.” Tom Lyle and his partner Emery flew to Hollywood and soon rented Clara Bow’s Beach House in the Malibu Colony. All very exciting in those days.
1920s Maybelline makeup
Clara-Bow-wears-Maybelline-mascara
Is it true that Tom bought and moved in to Rudolph Valentino’s old home?
SW: Yes! After Rudolph Valentino died in 1926, Tom Lyle and Emery rented Clara Bow’s beach house a couple of years, and then rented Valentino’s home in the Hollywood Hills for another couple of years. They loved the home so much that Tom Lyle bought it, had it remodeled and named it The Villa Valentino.
Tom must have been a true romantic because he remained with his life partner Emery for 50 years until he died !
SW: He and Emery met in Chicago when the Maybelline Company was just getting off the ground. Emery was in theater and very flamboyant, talented and brilliant. He helped Tom Lyle write the Maybelline ad’s that appeared in movie magazines. When they moved to Hollywood, Emery continued to write copy for Maybelline’s spectacular advertisements and remained by Tom Lyle’s side until his untimely death in 1964. They were devoted in life and are even entombed together in death.
Sharrie Williams Dad – Bill Williams as a boy with his mother Evelyn, his uncle Tom Lyle and Tom Lyle’s lifetime partner Emery Shave sitting on the running board of a 1934 Packard
In December of 1967 the company was sold and your father”s family came into considerable fortune. Did this affect your life?
Your grand mother Evelyn married again late in life and had her will changed. Did this cause much upset?
SW: My father, was raised by his mother Evelyn and his uncle Tom Lyle, after his father Preston died. When the Maybelline Company sold, my father inherited a fortune overnight and all of our lives changed. It was a blessing and a curse, having so much so soon and it went to my grandmother’s head. She was always beautiful even in her 70′s and when she got involved with a younger man and quickly married him, she took us all out of her will. It was a nightmare to say the least, but it forced me to finally grow up and develop myself into a real person. When I was young and so spoiled by my grandmother I never cared to do anything but shop and look beautiful. After her death I wanted to go back to school and write my book. It took many years, but in the end The Maybelline Story was told.
1940s Maybelline makeup ad.
The original Miss Maybelline – was your grandmother Evelyn whose famous quote was “Many a wreck is hid under a good paint job” .
Her story ends very tragically in an unsolved murder . Tell us what happened?
SW: She followed her new husband to Hot Springs Arkansas in 1974 and found out he and his ex-wife had plans to kill her and take all her money. She survived, but got mixed up with a business partner who exploited her in the Bible Belt. She opened her Hollywood Palace Dinner Theater and receive death threats. You have to read the book to find out what really happened to Miss Maybelline.
Now Sharrie – be honest – do you wear Maybelline cosmetics yourself ?
SW: After The Maybelline Company sold and we were so well off . I must admit I stopped buying Maybelline and instead bought Cosmetics from Neiman Marcus. One day in my 40′s I decided to try Great Lash again and was amazed at how good it was. I stopped using Estee Lauder mascara and started using Great Lash. It is still the one Mascara in my make-up bag today.
Are you still proud of today’s brand of Maybelline ?
SW: Oh definitely. Maybelline is still the number one Cosmetic brand in the world – and a Great Lash Mascara is sold every 1.7 seconds somewhere around the world. Maybelline New York is owned by L’Oreal today and has a tremendous advertising budget…..I must admit their commercials and print ads are spectacular. They also have a much larger line of products than the original Maybelline Company, which makes them appealing Globally. I’m proud that the little Maybelline Company that started off with a $500 loan almost 100 years ago, is a multi-billion dollar Corporation today. And to think that it all began with my great uncle, Tom Lyle Williams a 19 year old entrepreneur with a good idea.
If you want to read the story for yourself – treat yourself to The Maybelline Story.
Like her Nana Evelyn – Sharrie Williams herself was and remains a beautiful and glamorous woman, of whom Tom Lyle must have been justly proud, so we finish this post with a slight amendment to the following well known quote ” Maybe it’s Maybelline or maybe she was born with it !”
You can catch another excellent interview with Sharrie with Kay at Movie Star Makeover
Finally a vintage Maybelline TV ad on our Youtube channel. Enjoy! To view please go to...http://glamourdaze.com/2012/10/mascara-maybel-williams-and-the-maybelline-story.html
How many women in the world are aware that they owe a debt of gratitude to a young lady called Maybel Williams –
The resourceful girl had a flash of inspiration and burned a cork, mixed the ashes with some Vaseline and then applied it to what was left of her lashes. In an instant she resembled a Hollywood starlet! ‘Eureka!’ – mascara was born ! Not exactly of course. The art of dying lashes goes back to Cleopatra, but there was no removable cosmetic of this kind that a woman could buy over the counter
.
Her brother Tom along with his brother Noel took this idea and developed Lash Brow Line – the worlds first commercially available mascara.In 1916 he changed the name to Maybelline – named after – you guessed it – Maybel Williams! The name being a combination of Maybel and Vaseline !
Her brother Tom along with his brother Noel took this idea and developed Lash Brow Line – the worlds first commercially available mascara.In 1916 he changed the name to Maybelline – named after – you guessed it – Maybel Williams! The name being a combination of Maybel and Vaseline !
1920-lash brow-ine—early-Maybelline product
Eugene Rimmel is also credited for producing the first petroleum jelly mix but the product that we all know and love today is without question down to the success of Maybelline. The story of Maybelline is not only one of glamor and success but of mystery and intrigue which until recently has remained untold. The big money did not actually come in to the family until the company was sold in 1967.
1930s Maybelline makeup ad
In 1978 came the mysterious murder of the original ‘Miss Maybelline’ – who died when her home was bombed. Maybelline heiress Sharrie Williams – Miss Maybelline’s grand-daughter and Tom and Maybels great niece – now tells the true story – and I can certainly say it has all the ingredients of a real dynasty drama in her book “The Maybelline Story” Sharrie has very kindly agreed to talk to Glamourdaze.
Sharrie , can you give us a quick synopsis of the Maybelline Story?
SW: The Maybelline Story traces the history of cosmetics in America and how one simple eye product caught the imagination of the public. Yet, unlike any other book about beauty, it reveals the never-before-told story of this man who invented mascara, Tom Lyle Williams (my great uncle)–a private figure who hid from the public because he was gay. To stay safe from the scrutiny of the press and government (which in the early thirties deemed mascara the “province of whores and homosexuals), Tom Lyle cloistered himself behind the gates of his Rudolph Valentino Villa and, with the help of his lifetime lover Emery, ran his empire from a distance. The deeper Tom Lyle went into hiding, the more his sister-in-law and ultra-ego Evelyn (my grandmother,) struggled her way to the spotlight. Attracted to bad boys, she married one–Tom Lyle’s playboy brother Preston (my grandfather). From that moment on, Evelyn used the Maybelline name–and later, its money–to reinvent herself from circus ballerina to flamboyant flapper, extravagant socialite to dinner theater star. Now, after nearly a century of silence, this true story celebrates the lives of a forgotten American hero–one man forced to remain behind a mask, and one woman whose hunger for beauty ultimately destroyed her. Spanning three generations, The Maybelline Story shows the hidden haunts of sudden fortune, and the tragedy that ensues when vanity lets loose. Finally, it speaks to women s’ decade-long desires–to be beautiful and be loved–and asks the question: At what price, beauty?
What is interesting is that the whole family became involved in Tom’s enterprise starting with your great uncle Noel along with your grandad Preston and grand aunt Eva! Did Mabel have anything to do with the business?
SW:Tom Lyle renamed his first eye beauty product Lash-Brow-Ine, to Maybelline in honor of his sister Mabel who gave him the idea for mascara, in 1915. She had burned her lashes and brows tried to make them grow back and look darker by mixing a concoction of Vaseline and ash from a burned cork in her hand and applying it to her brows and lashes. Tom Lyle took the idea to a chemist and Maybell Laboratories was born.
Your Grandmother Evelyn became the first Miss Maybelline ?
SW: My grandmother got that title when she opened a Dinner Theater in Hot Springs Arkansas in 1978. She promoted herself as Miss Maybelline “Last of the Red Hot Mama’s!” Her story ends in tragedy.
Evelyn Williams with her glamorous sisters Verona-and–Bunny-1922
What are your memories of visiting your grand uncle Tom as a young teenager ? I suppose there was lots of free make-up on the go !
SW: My favorite memory is driving all my best girlfriends up to his estate in Bel Air California, in my blue and white 1957 Chevy so we could get some samples of Maybelline for a raffle our Club was having. He not only gave us the raffle samples, he gave us a giant box of Maybelline products to split up between us. It was the most exciting thing that could happen to a bunch of 17 year old High School girls – a years supply of our favorite cosmetics for free!
Tom-Lyle-Williams—Maybelline-founder
Sharrie-Williams-with-Tom-Lyle–Maybelline-founder
As Maybelline took off with glamorous stars like Clara Bow lending their name to the brand – it must have been very exciting. Did your grandfather Preston and your great uncle Tom Lyle enjoy the trappings of Hollywood and all that went with it? It appears that while Preston partied – Tom kept his nose to the grind- stone and concentrated on developing Maybelline.
SW: Yes! Tom Lyle worked to build the brand using the biggest Stars in Hollywood to represent Maybelline and his brother, my grandfather Preston ran to Hollywood to hob nob with them. Especially with Clara Bow. However, it was also Preston who called his brother and said, “get out here, it’s Paradise.” Tom Lyle and his partner Emery flew to Hollywood and soon rented Clara Bow’s Beach House in the Malibu Colony. All very exciting in those days.
1920s Maybelline makeup
Clara-Bow-wears-Maybelline-mascara
Is it true that Tom bought and moved in to Rudolph Valentino’s old home?
SW: Yes! After Rudolph Valentino died in 1926, Tom Lyle and Emery rented Clara Bow’s beach house a couple of years, and then rented Valentino’s home in the Hollywood Hills for another couple of years. They loved the home so much that Tom Lyle bought it, had it remodeled and named it The Villa Valentino.
Tom must have been a true romantic because he remained with his life partner Emery for 50 years until he died !
SW: He and Emery met in Chicago when the Maybelline Company was just getting off the ground. Emery was in theater and very flamboyant, talented and brilliant. He helped Tom Lyle write the Maybelline ad’s that appeared in movie magazines. When they moved to Hollywood, Emery continued to write copy for Maybelline’s spectacular advertisements and remained by Tom Lyle’s side until his untimely death in 1964. They were devoted in life and are even entombed together in death.
Sharrie Williams Dad – Bill Williams as a boy with his mother Evelyn, his uncle Tom Lyle and Tom Lyle’s lifetime partner Emery Shave sitting on the running board of a 1934 Packard
In December of 1967 the company was sold and your father”s family came into considerable fortune. Did this affect your life?
Your grand mother Evelyn married again late in life and had her will changed. Did this cause much upset?
Your grand mother Evelyn married again late in life and had her will changed. Did this cause much upset?
SW: My father, was raised by his mother Evelyn and his uncle Tom Lyle, after his father Preston died. When the Maybelline Company sold, my father inherited a fortune overnight and all of our lives changed. It was a blessing and a curse, having so much so soon and it went to my grandmother’s head. She was always beautiful even in her 70′s and when she got involved with a younger man and quickly married him, she took us all out of her will. It was a nightmare to say the least, but it forced me to finally grow up and develop myself into a real person. When I was young and so spoiled by my grandmother I never cared to do anything but shop and look beautiful. After her death I wanted to go back to school and write my book. It took many years, but in the end The Maybelline Story was told.
1940s Maybelline makeup ad.
The original Miss Maybelline – was your grandmother Evelyn whose famous quote was “Many a wreck is hid under a good paint job” .
Her story ends very tragically in an unsolved murder . Tell us what happened?
Her story ends very tragically in an unsolved murder . Tell us what happened?
SW: She followed her new husband to Hot Springs Arkansas in 1974 and found out he and his ex-wife had plans to kill her and take all her money. She survived, but got mixed up with a business partner who exploited her in the Bible Belt. She opened her Hollywood Palace Dinner Theater and receive death threats. You have to read the book to find out what really happened to Miss Maybelline.
Now Sharrie – be honest – do you wear Maybelline cosmetics yourself ?
SW: After The Maybelline Company sold and we were so well off . I must admit I stopped buying Maybelline and instead bought Cosmetics from Neiman Marcus. One day in my 40′s I decided to try Great Lash again and was amazed at how good it was. I stopped using Estee Lauder mascara and started using Great Lash. It is still the one Mascara in my make-up bag today.
Are you still proud of today’s brand of Maybelline ?
SW: Oh definitely. Maybelline is still the number one Cosmetic brand in the world – and a Great Lash Mascara is sold every 1.7 seconds somewhere around the world. Maybelline New York is owned by L’Oreal today and has a tremendous advertising budget…..I must admit their commercials and print ads are spectacular. They also have a much larger line of products than the original Maybelline Company, which makes them appealing Globally. I’m proud that the little Maybelline Company that started off with a $500 loan almost 100 years ago, is a multi-billion dollar Corporation today. And to think that it all began with my great uncle, Tom Lyle Williams a 19 year old entrepreneur with a good idea.
If you want to read the story for yourself – treat yourself to The Maybelline Story.
Like her Nana Evelyn – Sharrie Williams herself was and remains a beautiful and glamorous woman, of whom Tom Lyle must have been justly proud, so we finish this post with a slight amendment to the following well known quote ” Maybe it’s Maybelline or maybe she was born with it !”
Like her Nana Evelyn – Sharrie Williams herself was and remains a beautiful and glamorous woman, of whom Tom Lyle must have been justly proud, so we finish this post with a slight amendment to the following well known quote ” Maybe it’s Maybelline or maybe she was born with it !”
You can catch another excellent interview with Sharrie with Kay at Movie Star Makeover
Finally a vintage Maybelline TV ad on our Youtube channel. Enjoy! To view please go to...http://glamourdaze.com/2012/10/mascara-maybel-williams-and-the-maybelline-story.html
The Maybelline Story Inspires young Entrepenures to never give up on their dreams and for families to leave a legacy for their children
I've had a passion for my family history since I was in Jr. High School. I have to give credit to my grandmother, Evelyn Williams, for lighting the fire in my heart for my family's history. She told me about the birth of the Maybelline company and how my Great Auntie Mabel, mixed the ashes with Vaseline and dabbed it on her brows and lashes to make them grow. She also told me how my great uncle, Tom Lyle Williams, a 19 year old entrepenure with a small mail-order business in 1915, brought mascara into the world and named his company Maybelline after his sister, who gave him the idea. My grandmother, suggested I tell the Maybelline Story for my speech class. I did and got an “A.” The little Maybelline story won me popularity overnight and from that moment on, I wanted to uncover the secrets about the people who shaped the company and my life.
I
spent time with all my grandparents, parents, aunts and uncles,
collecting stories, photographs and vintage Maybelline ads for years and
years. Then, in 1978, when my grandmother, Evelyn, was killed in an arson
related fire, I was determined not to let her memory die. I vowed to
write her story. So, for the last the next 20 years, I practiced intensive
journal keeping, using the Ira Progoff system, until found my writer's voice.
When
a fire took my own home in 1993 and all my family heirlooms with it, I turned
to my father, Bill Williams, for support, to help me recall my family's history. We'd get together every week, while rebuilding my home for over two and a half years and eventually I finished a 963
page manuscript about the Maybelline family and Maybelline's history.
After three years of working with a publisher, my manuscript was edited a dozen times, and The Maybelline Story
was born. I hope it inspires, entertains and will
leave a legacy for the people I love who have passed on and encourage young entrepreneurs to never give up on their dreams. If my grandmother hadn't ignite my passion to tell my story, I believe a piece of America's history would have been lost
forever. I ask that other people would research their roots and leave their priceless for their
children and grandchildren.
 |
| Bill Williams, Evelyn Williams, Tom Lyle Williams, Emery Shaver, 1934 |
Family History is the greatest gift one can pass on. Connecting with your background is a priceless gift, according to my grandmother Evelyn, because... it 's the one thing that can never be taken away from you.
Christmas in the 50's. Some of my favorite pictures
 |
| Sharrie and Donna Williams, 1949 |
Sharrie and Donna, 1952,
 |
| Tom Lyle Williams with Billee, Christmas, 1959. |
 |
| Donna, Sharrie and Billee Williams, 1959. |
 |
| Bill Williams with his uncle, Tom Lyle Williams, 1959. |
 |
| Tom Lyle and Bill Williams, with Billee in the background, 1959 |
 |
| Tom Lyle with googley eye glasses, 1959. |
 |
| my baby brother Preston 1960 Read about the founding of the Maybelline Company in 1915 to it's sale in 1967 in my book The Maybelline Story. You will meet it's founder and owner, Tom Lyle Williams, and his family. I think you will enjoy reading about the family behind the name that became an American Institution. |
Review of The Maybelline Story by Jan Antaya... "This is very easy reading for me and I love the many chapters and photos."
 |
| Evelyn Williams |
Hi Sharrie...So far I am feeling connected to Evelyn in this story...for different reasons......many of my own sad experiences. I know first hand what your grandmother went through in her marriage... I'm on page 138 now and loving it...Oh I loved how you put it when you wrote that she would "throw up" in the morning.....It was so visual.....not funny I know but still...So use to hearing "morning sickness"...You say it like it is.......keeps us reading..
 |
| Pauline Williams |
Not too happy with Evelyn at the moment!! Poor Pauline...I felt like pulling the rug right out from under Evelyn's feet! What an attitude she had... OUCH!
 |
| Tom Lyle Williams |
Tom Lyle seemed like a nice man...He tried to do the best he could for those he loved. Can't wait to read more tonight. I think I left off at the petroleum rationing...What a nightmare that must have been before The Maybelline Company got the OK from the US Government, to use what they needed.
 |
| Pauline Williams |
Sharrie, OH NO! What a sad twist in the story...: ( Your poor mom! I was shocked to see the story take a twist like this. I couldn't stop reading but I had to get some sleep for there is no rest for me on Sunday's either....
Sharrie, the place which your grandmother invested in with the bumper cars etc. Did it ever get any bigger?? Is there another place just like it now? What about Studio 54? Any connection there? I can't believe the amount of zest Evelyn had ..I wonder what gave her the energy...I suppose when you have money then you feel things are possible in the first place..I really wish she had lived long enough to have seen more of her growing family. (Although, I bet she does see this even now).
I am telling everyone I know about your book.........I found it to be a very good read! A wonderful summer time book....whether read by the water, on a boat, or at camp or at your timeshare..you WILL enjoy this...If anyone uses Maybelline then they will certainly appreciate it a LOT more when they are done reading this story..
The rivalry between Evelyn Williams and her daughter-in law, Pauline, defy's imagination and ends in tragedy for both women. Sometimes the desire to be recognized as a great beauty can become a lethal dose of vanity.
Buy a signed copy of my book and enjoy this riveting story.
In 1967 the effectual buyout of the Maybelline company was $132.3M! - That would be $923,076,923.08 today.
 |
| Harris A. Neil Jr. yearbook picture 1952, Michigan State |
Letter to Maybelline Co. Employees from Tom Lyle Williams Jr., dated October 6, 1967
Article in the Chicago Tribune, Dated Saturday, Oct. 7, 1967.
MAYBELLINE and PLOUGH AGREE TO MERGER PLAN
102.3 Million
Article in the Wall Street Journal October 6, 1967
Plough was quickly and shrewdly chosen as the suitor: They offered a minimum of $100M and there was a period of grace, whereupon the stock would float, then a specific day, which was 2/28/68 that the Plough stock price would be "pegged" for the official exchange. On 2/28/68 the price of Plough had rallied so dramatically that the effectual buyout of the Maybelline company was now $132.3M! Yes, it was leverage that caused this! Demand plus fewer shares caused a stock breakout, which is a scenario seen on Wall Street each day.
$132,000,000 of 1967 dollars would be worth: $923,076,923.08 in 2013
Stay tuned tomorrow as the drama unfolds in letters from Abe Plough to his new employees at Maybelline.
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