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Herman Warden Lay

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He played baseball and basketball before dropping out after two years in order ... from the Barrett Co. offered Lay the company's plants in Memphis and Atlanta. ... – PowerPoint PPT presentation

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Title: Herman Warden Lay


1
Herman Warden Lay
  • Chairman of PepsiCo, Inc.
  • Greenville High School Hall of Fame

2
A Brief History
  • Herman Warden Lay was born in Charlotte, NC in
    1909. He and his family then moved to
    Greenville, SC. When Lay was 11 years old, he
    began selling Pepsi-Colas in his front yard.
  • He attended Greenville High School where he
    excelled in both academics and athletics, so much
    that he was offered a full athletic scholarship
    to Furman University. He played baseball and
    basketball before dropping out after two years in
    order to follow a career in sales. He had a
    variety of jobs, from working in a novelty store
    to working for a farm machinery company. Despite
    the Great Depression, Lay was determined to be
    successful and in deed he was.

3
A Brief History
  • He was hired by Barrett Potato Chips Co. in
    Atlanta and was soon made Barretts distributor
    in Nashville. Not long after, he got territories
    in northern Tennessee and Southern Kentucky,
    along with his old Nashville area.
  • In 1938, a representative from the Barrett Co.
    offered Lay the companys plants in Memphis and
    Atlanta. Lay accepted the offer and the H.W. Lay
    Co. was started. In 1956, H.W. Lay Co. was
    the largest producer of potato chips and snack
    foods in the United States.
  • In 1961, Lays company merged with Frito Company
    and Lay was named CEO of Frito-Lay, Inc. His
    desire to expand finally led him to merge with
    Pepsi-Cola where he became the chairman of the
    board. The new company became known as PepsiCo,
    Inc.
  • Lay retired from Pepsi in 1980 and two years
    later died of cancer.

4
Family
  • Herman was born the son of Jesse N. and Bertha
    Erma Lay.
  • He married Amilia Mimi Harper in 1935.
  • Herman and his wife had four children
  • -Linda Lay Chambless
  • -Susan Lay Atwell
  • -Herman Warden Lay Jr.
  • -Dorothy Lay
  • His first daughter, Linda Lay Chambless, died of
    Hodgkins Disease at the age of 21.

5
Contributions
  • Lays Contributions made possible the
  • Herman W. Lay Professor of Marketing (SMU)
  • Herman W. Lay Chair of Private Enterprise
    (Baylor)
  • Lay Science Building (Drury College)
  • Herman W. Lay Activities Center (Furman)
  • Herman Warden Lay Scholarship (Furman)
  • Lays contributions to Furman University totaled
    close to 3.8 million.

6
And the award goes to
  • In 1972, Lay was named Entrepreneur of the Year
    by SMU.
  • The Greenville Society for the Advancement of
    Management honored him as Person of the Year in
    1974.
  • He also received the Golden Plate Award from the
    American Academy of Achievement in 1975.
  • Baylor University honored him with the special
    award of Alumnus Horis Causa in 1980.
  • In 1969, Lay received the Horatio Alger Award
    from the American Schools and Colleges
    Association.

7
Interesting Facts
  • The Herman W. and Amelia Lay Family Concert Organ
    was given to the Meyerson Symphony Center in
    Dallas by Lays wife. The organ is worth 1.8
    million and is one of the largest
    mechanical-action organs ever built for a concert
    hall.
  • The 2.2-acre Lay Ornamental Garden at the Dallas
    Arboretum and Botanical Gardens was designed for
    Mimi Lay Hodges in honor of her late husband.

8
Memorable Quotes
  • I wanted to be a salesman, all right, but the
    idea of driving a truck from store to store
    selling potato chips wasnt my idea of a job.
  • There is no future in potato chips.
  • The sense of independence is what kept me
    working. Out in the morning and on the road, all
    day, half the night, sleep where I was, and go
    again.
  • What my family and I have accumulated has come
    about through the exercise of free enterprise. I
    feel I owe a lot to the community and as a
    result, I try to be as generous as I can.

9
Pictures
10
Interview
  • This interview was done with Jonathon
    Stallsmith, a student at Furman University, and a
    recipient of the Herman Warden Lay Scholarship.
  • Before you received the Herman Warden Lay
    Scholarship, what did you know about the man
    behind the name?
  • Absolutely nothing.
  • What do you know now?
  • I still dont know much. I mean everyone knows
    the name but no one really knows Herman Warden
    Lay, if you know what I mean.

11
Interview
  • What does this scholarship mean to you?
  • I liked Furman a lot and it wouldnt have been
    possible for me to come without substantial
    financial aide.
  • Lay gave over 3.8 million to the University. Is
    his influence evident around campus?
  • His influence is definitely felt. You said he
    was the owner of Pepsi and we are a straight
    Pepsi campus. We always joke that if you want
    Coke or some other kind of cola that you have to
    smuggle it in. I never really thought about the
    reasons behind that until you told me more about
    him.

12
Analysis
  • Herman Warden Lay was a man with strong
    morals and an incredible work ethic. This work
    ethic was rewarded with many years of success and
    recognition. He started a company whose products
    are respected and recognized world-wide as
    delicious, quality snack foods and beverages. So
    good that, I bet you cant eat just one.

13
Works Cited
  • Herman Warden Lay, 1969. 2001. 22 October
    2003.
  • http//www.horatioalger.com/members/lay69.htm
  • (This article discusses Lays history of
    his business life)
  • Herman W. Lay 1909-1982 2002. 22 October
    2003.
  • http//galenet.galegroup.com/servlet/BioRC?vr
    sn2.0Opco
  • (This source talks about awards Lay received)
  • Lunan, Bert. Herman Warden Lay 1909-1982.
    2000. 22 October 2003.
  • http//www.scetv.org/legacy/laureates/Herman20Wa
    rden20Lay.html
  • (This essay talks about his life,
    contributions, family, and business
    journey.)

14
Members in our Group
  • Produced and coordinated by Kent Will
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