 In 1916, advertising executive Albert Lasker and his partner Charles Phelps Taft obtained a large block of shares and soon acquired majority ownership of the Cubs.In 1916 Taft was bought out by Charlie Weeghman, who had owned the Chicago Whales of the short-lived Federal League, and was proprietor of a popular chain of lunch counters.Weeghman and Lasker moved the Cubs to the Whales' old home, Weeghman Park, in 1916.