The storied history of Olcott International has been covered in detail over the last year and a half.
As you may recall from my post “THE END OF AN ERA,” the company had its origins when the proposed merger between the British patent leader Marks & Clerk and Bernard Olcott & Associates fell apart in 1969. The partners of the former founded Computer Patent Annuities in St. Helier, Jersey, Channel Islands. My Dad founded Olcott International in Weehawken, New Jersey. So it was henceforth a battle of the Jerseys. Think Bayonne versus Bermuda. (Rodney Dangerfield once boasted of his summer house in the former).
Remember how I wrote that it was Dad’s idea that their proposed joint venture be based in the Channel Islands (to avoid Inland Revenue’s excessive tax rates in the late 1960s)? The aforementioned partners of Marks & Clerk relocated to picturesque St. Helier setting up shop there (to reduce their tax bite). One of the partners, Ray Chinnery, has a son my age, Martin who informed me that, thanks to my Father, he grew up in Jersey, not his native Birmingham (England, not Alabama). Rock fever notwithstanding, Martin still lives and works there!