Sam Zemurray

Samuel Zemurray (born Schmiel Zmurri; January 18, 1877 – November 30, 1961), nicknamed "Sam the Banana Man", was an American businessman who made his fortune in the banana trade. He founded the Cuyamel Fruit Company and later became president of the United Fruit Company, the world's most influential fruit company at the time. Both companies were powerful and had influential roles in the politics of Central American countries.

Early life Zemurray's birth name was Schmiel Zmurri (, , Shmuel Davidovich Zmura).

Career Career beginnings Zemurray encountered bananas for the first time in Selma in 1893. At the time, bananas were considered a new and exotic delicacy in the United States, and the industry was growing quickly. Zemurray went to the port of Mobile, Alabama, in 1895 to enter the banana trade. Because bananas ripen quickly, the banana trade relied on the ability to quickly bring the produce to market. In Mobile, Zemurray specialized in buying cheap bananas in danger of being overripe and quickly transporting and selling them in the surrounding region by rail. Starting with only $150, he had saved $100,000 by age 21. His success earned him the nickname "Sam the Banana Man". A deal was completed in 1929, in which Zemurray sold Cuyamel to United Fruit for $31.5 million in stock, making him one of the richest people in the United States. Though Zemurray had prided himself on independence, he sold his company because of increasing pressure from the Department of State and because of the financial insecurity brought on by the Great Depression in 1929.

Formerly Zemurray's home, this mansion on St. Charles Avenue in New Orleans is now the residence for presidents of Tulane University As part of the deal with United Fruit, Zemurray agreed to retire from the banana business entirely, to make sure he would not start a new fruit company and continue to compete with United Fruit. During this two year period, Zemurray remodeled his ornate Beaux Arts mansion in New Orleans at 2 Audubon Place. He also acquired in 1928 Houltonwood, a 25,000-acre plantation located near Hammond, Louisiana, which became a favorite retreat of Zemurray for the rest of his life. United Fruit suffered financially because of mismanagement and the Great Depression, so much so that its stock declined in value by 90% after it acquired Cuyamel.

Now as president of United Fruit Company, Zemurray succeeded in improving business. He considered his hands-on approach of visiting banana plantations to be the key to his success. He gained a detailed understanding of operations, resulting in mass terminations of weak employees, improved efficiency in the use of ships, and new financial approaches.

Partially as a result of banana diseases Sigatoka and Panama disease, Zemurray presided over very large acquisitions of land in Central America. Because the diseases were not curable, United Fruit would simply move to a new area of land after previous ones became infected. In this way, United Fruit came to own the majority of private land in countries like Honduras, even though much of it was left uncultivated.

Guatemalan coup In 1953, the U.S. State Department and United Fruit embarked on a major public relations campaign to convince the American people and the rest of the U.S. government that Colonel Jacobo Arbenz intended to make Guatemala a Soviet "satellite". Zemurray authorized Edward Bernays to launch a propaganda campaign against Col. Arbenz's democratically elected government, which intended to expropriate some of the unused land owned by the United Fruit Co. and redistribute it to the local peasants. In 1954, the campaign succeeded and the U.S. Central Intelligence Agency helped orchestrate a coup that replaced Arbenz with a military junta led by Col. Carlos Castillo Armas.

Zemurray retired as president of United Fruit in late 1951. center

Innovations Zemurray and his company developed several innovations in banana farming, which contributed toward Cuyamel Fruit Company's increased efficiency over United Fruit. became a major philanthropist and gave to Tulane University, Radcliffe College, The Nation magazine, and to clinics and hospitals in New Orleans. In 1947, at the urging of his daughter, the archaeologist Doris Zemurray Stone, he gave Harvard University $250,000 to endow the Samuel Zemurray, Jr. and Doris Zemurray Stone Radcliffe Professorship, named also for his son, who was killed in the Second World War. The gift produced the first woman to hold a full professorship in Harvard's Faculty of Arts and Sciences. After his death, his family gave his New Orleans mansion at 2 Audubon Place to Tulane in 1965, and it became the university president's residence. He also founded the tuition-free Zamorano Pan-American Agricultural School in Honduras. According to his biographer Rich Cohen, Zemurray also gave $500,000 to the Jewish Agency in the 1920s,

Zemurray was a member of Temple Sinai in New Orleans.