Henry Latham Doherty
American businessman (1870–1939)
Henry Latham Doherty (May 15, 1870 – December 26, 1939) was an American financier and oilman, a native of Columbus, Ohio. In 1910, he created the Cities Service Company, a utility holding company that later became the Citgo Petroleum Corporation. He was of Irish descent.
Business career
Doherty was first hired by the Columbus Gas Company at the age of 12. He reportedly wrote years later, "I could not get along in school... and was under expulsion a large part of the time I was supposed to be in school." He made such a favorable impression with his knowledge and devotion to work that CGC management assigned him to take charge of a subsidiary company, a declining utility in Wisconsin. By the age of 20, he held the title of Chief Engineer at CGC.
In June 1899, the Emerson McMillan & Company, a financial company that invested in utility companies, had sent one of its senior executives, George T. Thompson, to the Denver Gas & Electric Company (a predecessor of the Public Service Company of Colorado) as president. Thompson died on October 1, 1900; McMillan asked Doherty to replace Thompson. On October 18, Doherty became acting president and treasurer of the Denver Gas & Electric Company.
In 1905, he started Henry L. Doherty & Co., which provided technical and financial consulting services to utility companies.
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This entry incorporates text from “Henry Latham Doherty” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.