William H. Vanderbilt |
His father with his new opinion about his son gave him the great title of Vice President of the New York and Harlem Railroad in the year 1864, which his father Cornelius Vanderbilt was the President. He then won his fathers full respect with the success that he showed his father at the New York and Harlem Railroad.
When his father died in 1877 he was given the position of President of New York Central. But then he hit a rough patch and fell into a little bit of down spiral "and was only able to get himself out of the down spiral by securing his position as President by giving favorable treatment to commercial customers, and covered his tracks with bribes to officials investigating the preferential treatment." William also contributed to many other organizations like the YMCA and the Metropolitan Museum of Art for a few examples.
When he did retire in 1883 as President of New York Central, he had doubled his family fortune, thus proving that his father was wrong.
http://www.infoplease.com/ipa/A0772002.html
http://www.britannica.com/EBchecked/topic/622945/William-Henry-Vanderbilt
http://www.infoplease.com/ipa/A0772002.html
http://www.britannica.com/EBchecked/topic/622945/William-Henry-Vanderbilt
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