Sloan Bashinsky Sr: Difference between revisions
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Bashinsky oversaw the company's transition to a publicly traded corporation in [[1968]] and diversified his investments, buying [[Steel City Bolt & Screw]], [[Frank Taylor Advertising]], [[Nall Associates]], and numerous oil wells. That same year he married the former [[Joann Bashinsky|Joann Pilkerton]] and adopted her daughter, [[Suzanne Bashinsky-Ash|Suzanne]]. | Bashinsky oversaw the company's transition to a publicly traded corporation in [[1968]] and diversified his investments, buying [[Steel City Bolt & Screw]], [[Frank Taylor Advertising]], [[Nall Associates]], and numerous oil wells. That same year he married the former [[Joann Bashinsky|Joann Pilkerton]] and adopted her daughter, [[Suzanne Bashinsky-Ash|Suzanne]]. | ||
Bashinsky stepped down as president of Golden Flake in [[1972]], but returned in [[1984]] for a one-year term. He served as CEO from [[1976]] to [[1991]] and as chairman of the board from [[1972]] until his death. | Bashinsky stepped down as president of Golden Flake in [[1972]], but returned in [[1984]] for a one-year term. He served as CEO from [[1976]] to [[1991]] and as chairman of the board from [[1972]] until his death. As CEO he established the Bashinsky Foundation in [[1986]] to provide scholarships for children of Golden Flake employees. | ||
Bashinsky was active in civic projects, serving on the boards of directors for the [[Eye Foundation Hospital]] and [[St Vincent's Foundation]], and on the board of trustees for [[Samford University]]. His $3 million gift to the [[University of Alabama]]'s [[Culverhouse College of Commerce and Business Administration]] in [[1992]] funded a computer center named in his honor. Bashinsky was inducted into the [[Alabama Business Hall of Fame]] (administered by Culverhouse College of Commerce and Business Administration) in [[1993]]. | Bashinsky was active in civic projects, serving on the boards of directors for the [[Eye Foundation Hospital]] and [[St Vincent's Foundation]], and on the board of trustees for [[Samford University]]. His $3 million gift to the [[University of Alabama]]'s [[Culverhouse College of Commerce and Business Administration]] in [[1992]] funded a computer center named in his honor. Bashinsky was inducted into the [[Alabama Business Hall of Fame]] (administered by Culverhouse College of Commerce and Business Administration) in [[1993]]. | ||
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==References== | ==References== | ||
* Nicholson, Gilbert (May 24, 2002) "Golden Enterprises makes 'South's original potato chip'." {{BBJ}} | * Nicholson, Gilbert (May 24, 2002) "Golden Enterprises makes 'South's original potato chip'." {{BBJ}} | ||
* Ramirez, Rosa (August 3, 2005) "[https://www.newspapers.com/article/birmingham-post-herald-obituary-for-sloa/127073839/ Businessman Bashinsky remembered]." {{BPH}}, p. B2 | |||
==External links== | ==External links== | ||
Revision as of 11:56, 25 June 2023
Sloan Young Bashinsky Sr (born November 2, 1919 in Troy, Pike County; died August 2, 2005 in Birmingham) was chairman and CEO of Golden Flake Foods.
Bashinsky attended Princeton University before leaving to join the Army Air Corps in 1940. He trained as a pilot and B-29 navigator/bombardier in Boca Raton, Florida and in Iowa. He was stationed in Guam for the remainder of the war. Afterwards he was offered a job in Cleveland, Ohio, but instead returned to Birmingham with the promise of being set up in business by his father Leo E. Bashinsky.
Leo and his brother-in-law Cyrus Case had purchased Magic City Foods for $1 million from Helen Friedman. Sloan started out as a route driver and worked his way up the ladder until he took charge of the company in 1956. He changed the name to "Golden Flake" to focus on its popular potato chip brand and initiated construction of a new corporate headquarters in Titusville.
Bashinsky's wife, Nelle died in 1966, leaving three children: Sloan Jr, Major and Elisebeth.
Bashinsky oversaw the company's transition to a publicly traded corporation in 1968 and diversified his investments, buying Steel City Bolt & Screw, Frank Taylor Advertising, Nall Associates, and numerous oil wells. That same year he married the former Joann Pilkerton and adopted her daughter, Suzanne.
Bashinsky stepped down as president of Golden Flake in 1972, but returned in 1984 for a one-year term. He served as CEO from 1976 to 1991 and as chairman of the board from 1972 until his death. As CEO he established the Bashinsky Foundation in 1986 to provide scholarships for children of Golden Flake employees.
Bashinsky was active in civic projects, serving on the boards of directors for the Eye Foundation Hospital and St Vincent's Foundation, and on the board of trustees for Samford University. His $3 million gift to the University of Alabama's Culverhouse College of Commerce and Business Administration in 1992 funded a computer center named in his honor. Bashinsky was inducted into the Alabama Business Hall of Fame (administered by Culverhouse College of Commerce and Business Administration) in 1993.
At his death, Bashinksy's corporate holdings were placed in a common stock trust, SYB, Inc., with his second wife Joann as sole beneficiary.
References
- Nicholson, Gilbert (May 24, 2002) "Golden Enterprises makes 'South's original potato chip'." Birmingham Business Journal
- Ramirez, Rosa (August 3, 2005) "Businessman Bashinsky remembered." Birmingham Post-Herald, p. B2
External links
- Sloan Y. Bashinsky Sr. at the Alabama Business Hall of Fame
- "In Memoriam: Sloan Y. Bashinsky Sr." (Fall 2005) The Executive. Culverhouse College of Commerce and Business Administration