He held executive positions in the family's automobile business, Studebaker Corporation, and later became the president and chairman of several other important companies.
[2] According to historian Albert Russel Erskine, young Clement served an apprenticeship with Studebaker, working in several departments and rising to a board position[3] and treasurer.
After moving to Chicago, they lived at a house on the corner of Jefferson Boulevard and Greenlawn Avenue.
[5] Studebaker died of heart complications at his 1500 Lake Shore Drive home in Chicago on December 3, 1932.
[6] Two wills were found, the first of which left his two-million dollar estate to, among others, several colleges.