In 1931, when the stock market crash wiped out much of the industry’s wealth, Hickey became president of the Chicago Metal Tub Company.
A year later, Higgs, the son of a former coal miner, became chairman of the board of directors.
“The Great Depression was a period of great prosperity,” Higgs wrote in a 1931 essay for The New Yorker.
“I have seen many things that are more than the sum of their parts, but have never seen one as full of joy and happiness as the prosperity of my life.”
The Great Recession The Great Devaluation, the Great Recession and the Great Depression of 2008 have ushered in a new era of prosperity for many American workers, as the unemployment rate has dropped to 3.6 percent, the economy has rebounded, and the country is reaping the rewards of the recovery.
But in the midst of the Great Crash, some of Higgs’ former colleagues saw an opportunity to take the helm.
“We were able to create a board of trustees and put our name on it,” said Higgs.
“There were people who said, ‘I’m not going to leave this.
This is the best place to be.’
And they were right.”
Higgs hired a board to help him sell the company, and it was a long process.
He went from having a small board of five people to more than 70.
“This is not a place that I am accustomed to, because I had no experience,” Higgis said.
“It was a whole new world to me.”
The company’s board included people from Chicago, New York, Pittsburgh and Louisville.
“At that point in time, the city was in a very bad state,” Higs said.
Higgs and his fellow board members also had to navigate the financial fallout of the financial crisis.
“That’s why the whole time you were doing this, it was such a challenge to me,” Higis said, recalling the first few months after the crisis.
But as the financial downturn deepened, so did the board.
Higgiss had to work with a handful of other board members to deal with their own personal financial struggles.
“If there were any other people on the board, they were just trying to figure out what to do,” Higgins said.
They had a lot of different ways to pay off debt, he said.
The board had to come up with a plan for how to pay its employees.
“What I wanted to do is, let me get to a point where I had a solid financial position,” Hags said.
After the board members were able work on the business plan, Higgiths wife, Barbara, and other family members stepped in to make sure things were on track.
“One of the things we learned from Barbara, was that it’s always the last place that you should go to find the money to run the company,” Hogs said.
Barbara Higgs had a different take on her husband’s decision to step down from the board at the end of 2016.
“She said to me, ‘You’ve been here for 20 years, and you’re ready to go home,’ ” Higgs said.
She said that Higgs was ready to “move on.”
Higgys business and personal financial history has been intertwined for the past decade.
The couple had two sons, Ben and Ryan.
The company had to raise $30 million in the first half of 2016, but they didn’t have the cash for the next two years.
After a year and a half of working to raise the money, the company ran out of cash and shut down.
“After I was in the middle of it, I got very angry and felt like it was the wrong time to go out,” Hickey said.
But Barbara Higgitts advice was to stay put.
“When you get a situation like that, you want to keep doing it,” Hicks said.
And when Higgits business started to recover, Barbara Higs stepped down from her position.
“People were so kind,” she said. “
In 2016, Higs made a trip to Louisville to attend the annual Kentucky Derby, which was a very special time for Higgs because it was his first time attending a race in the United States. “
People were so kind,” she said.
In 2016, Higs made a trip to Louisville to attend the annual Kentucky Derby, which was a very special time for Higgs because it was his first time attending a race in the United States.
He had worked at the company for over 20 years and was a lifelong Derby fan.
Higs went to the race with his son, Ben, who was 5 at the time.
“He said to my wife, ‘Mom, you know, you were in the last seat, right?'”
At the time, Higits family was looking for a job and he wanted to work for someone who would help them.
He started looking