Clare Stephen Jacobs (February 18, 1886 – February 21, 1971) was an accomplished businessman, yacht racer, and American track athlete who competed mainly in the pole vault and won an Olympic Bronze medal in the sport in 1908. He was born in Madison, Dakota Territory.
Early track
Jacobs, who was Jewish, attended both Albion College and the University of Chicago where he competed in track events. He was a member of the U.S. Olympic track team in 1904, though he did not medal.
Bronze medal
Clearing 3.58 meters on July 28, at the age of 22 he won a bronze medal in pole vault for the United States in the London 1908 Summer Olympics. The event resulted in a three-way tie for bronze with Canadian Edward Archibald and Swedish athlete Bruno Söderström. The American athletes competed without the ability to dig holes where they took off as they could in America, and were required to use iron-tipped poles. More significantly, there was no sandpit or bales of straw to break the competitors' falls, as there had been in previous Olympics.
After the 1908 Summer Olympics in July, he continued to compete in track events in Chicago in September, while a student at the University until he completed his studies. In 1909, he set two world records in indoor pole vault, one which was unsurpassed for three years.
F. L. Jacobs Company
In his mid-20's, around 1912, he founded the F. L. Jacobs Company which was named for family member Fred L. Jacobs. Clare's sons John F. Jacobs, and Alvin R. Jacobs would also later work for the company. Under Clare Jacob's direction, the Company began as a small family automotive manufacturing and supply business headquartered in Southfield, Michigan, fifteen miles North of Detroit. In 1956, three years after Clare Jacobs had resigned, the company diversified, expanded its holdings but saw serious problems under the leadership and three year tenure of President and Chairman Alexander Leonard "Sandy" Guterma who would be sentenced to five years in prison beginning in 1960 for stock fraud and siphoning off around two million of the Jacobs's money.
Well after Clare Jacobs's resignation, and with the help of its trustees in the mid to late 1960's the company would gradually recover from a negative net worth, ruined credit, and serious debt. Clare Jacobs was not a target of the suits against the company made by two stockholders in 1959, though two former chairmen, Alexander Sandy Guterma and Hollywood motion picture magnate Hal Roach Jr. were.
Quitting F. L. Jacobs
Serving for a long period as Vice-President and Treasurer, and as President in 1952, Clare S. Jacobs helped run the company until he resigned in March of 1953 at the age of 67. Voicing Clare's own sentiments, Clare's son and co-worker Vice-President John Jacobs, told the press he "couldn't agree with current operating policies". Clare's son A. R. (Alvin) Jacobs remained with the company. At the end of Jacobs's life in 1971, F. L. Jacobs would supply 24 million in stampings and die-castings to the auto industry, have three Michigan divisions in Grand Rapids and Detroit, and operate six plants employing around 750 people. F. L. Jacobs had a controversial history during Jacobs's later life, which included proxy fights, and censure by the New York Stock Exchange and the Securities and Exchange Commission but Clare Jacobs had resigned by that time.
Master sailor
By the 1940's and 1950's, Jacobs had become an accomplished sailor, yacht racing in Spring and Summer, and sometimes ice-boat racing in the winter. Representing the Gross Pointe Yacht Club, he won a deep river race to Put-in-Bay in Western Lake Erie on his boat Revelry in September 1951. He won and placed well in a number of local races. Aboard his yacht Falcon II, in July 1953, he won the 20-mile Grosse Point Yacht Club Regatta on Lake St. Clair against a sizable field of 135 racing craft. The race was traditionally a tune up for Lake Michigan's much longer race to Makinac Island. In late May 1960, despite his advancing age of 74, he won the St. Clair Yacht Club's Thames River Race and sailing in strong 18-20 miles winds a week earlier the Detroit Yacht Club Memorial Day Regatta on Lake St. Clair, just Northeast of Chicago. The local press began referring to him as the "Old Master", and the "Dean of Sailors".