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...Higginson & Co. after graduating from Harvard Business School. In 1929, after switching to his father's bank, he started a proxy fight to wrest Freeport's control away from a management he thought slipshod. Young Whitney, heir to an estimated $100 million fortune, had taken a $15-a-week "buzzer boy" job at Lee, Higginson rather than loaf. At the suggestion of his department boss, 25-year-old Whitney plunked a $500,000 stake into Williams' fight, enabled him to win the battle. Williams has run the company ever since, but says: "I always take all major...

Author: /time Magazine | Title: RAW MATERIALS: Freeport's Find | 9/3/1951 | See Source »

...company, founded in 1924 by Maxey Jarman's father, the late James Franklin Jarman, had only the small plant in Nashville when Maxey quit M.I.T. in his third year ("I didn't want to be an engineer") to work in the plant as a $10-a-week laborer. After a year of that, he went out selling shoes, sold so well that in 1933 his father made him president and stepped up to chairman (he died in 1938). Maxey took over at the bottom of the Depression, but instead of retrenching, he decided to expand. He started four...

Author: /time Magazine | Title: CORPORATIONS: New Shoes | 8/13/1951 | See Source »

...cameraman before he was a retailer. On vacations from college, he trekked through Japan, Manchuria and Russia, taking motion pictures which were later used by the MARCH OF TIME. After receiving his degree in liberal arts with the class of 1936, he went to work as an $18-a-week stock boy at Famous-Barr, spent his spare time playing in tennis tournaments in Missouri, where he was a top-ranked player, started a modern art collection now considered one of St. Louis' best. Gradually, Buster May rose to assistant buyer and assistant merchandise manager in Famous-Barr...

Author: /time Magazine | Title: PERSONNEL: A Boost for Buster | 6/25/1951 | See Source »

Though A.P. was the target of last week's shooting, there were indications that the rival United Press might be in more immediate danger of being squeezed out of Argentina. U.P. had long supplied an elaborate overseas news report (under a fat $8,000-a-week contract) to Perón's mortal foe, La Prensa. The very charge on which Perón expropriated La Prensa was that it relied on U.P.'s service and was therefore a foreign-bossed enterprise. In a recent chat with Reuters' Buenos Aires chief, Perón reportedly accused...

Author: /time Magazine | Title: ARGENTINA: Next Victims? | 6/11/1951 | See Source »

Fowler McCormick, after breezing through Groton and Princeton, had joined the company as a $25-a-week factory worker in 1925, worked up through the engineering, accounting and sales departments to a vice presidency in 1934. He was president from 1941 to 1946 when Harvester smoothly shifted to wartime production of armored vehicles, shells and airplane cowlings along with peacetime farm equipment. When he was made chairman five years ago, directors changed the bylaws to let him keep the chief executive powers. McCormick decentralized the company's management, sparkplugged its $150 million postwar expansion, helped boost profits from...

Author: /time Magazine | Title: PERSONNEL: New Boss for Harvester | 6/11/1951 | See Source »

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