John Jakob Raskob, KCSG (March 19, 1879 – October 15, 1950) was a financial executive and businessman for DuPont and General Motors, and the builder of the Empire State Building.
He was chairman of the Democratic National Committee from 1928 to 1932 and a key supporter of Alfred E. Smith's candidacy for President of the United States.
After Franklin D. Roosevelt became president, Raskob became a prominent opponent of the New Deal through his support of a number of anti-Roosevelt organizations such as the American Liberty League.
During his studies at both parochial and public schools, Raskob delivered newspapers, worked in seasonal agriculture, participated in local theater and was involved in the Catholic community.
Raskob had been an early investor in General Motors and had engineered DuPont's ownership of 43% of GM, purchased from the financially troubled William C. Durant.
He also promoted the use of standard financial statistics to measure the performance of different operations within a diversified company, primarily through his associate Donaldson Brown.
[7] According to one story, Raskob had taken a jumbo pencil, stood it on end and asked architect William F. Lamb, "Bill, how high can you make it so that it won't fall down?
Raskob was also invested in precious metal mining in Nevada and New Mexico, ranching, the aeronautical industry and pesticides.
[citation needed] Raskob's religious convictions motivated him to be substantially involved in charitable giving over the course of his life.