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TIME'S editors decided to do the Lever Bros. story three weeks ago, scheduling it for the first week in June when Charles Luckman's ascendancy to the $300,000-a-year presidency of the big soap firm's U.S. subsidiary was to be announced. That left a minimum of time for examining the massive Lever operation. Fortunately, Artzybasheff was available to draw the cover, which had to be done in a hurry...
With no more fuss than buying a pencil, a new nationwide department store chain was started last week. Merchandiser Walter Hoving (rhymes with roving), who had resigned his $135,000-a-year job as president of Lord & Taylor five months ago, made a deal to buy Manhattan's Bonwit Teller, Inc. ("High Class but not High...
...Filled. In a parlor of the Washington Hotel, the Stabilization Fund also held its first meeting last week. (Shortly, it will move into offices adjoining the bank.) First business was to elect Belgium's Camille Gutt (pronounced gut) the $30,000-a-year managing director -and half the Bank-Fund team. A small man with arched eyebrows and an engagingly informal manner, he has proved to be a financial wizard...
...practically nothing to do with it; the 27-year-old Iowa strong-boy had just.rared back and blown down the Yankees, baseball's most fearsome array of sluggers. The victory tasted doubly sweet after two recent defeats and press-coop barbs that Feller's $45,000-a-year right arm was losing its sting...
...three of the Big Four in the $60,000,000-a-year pen industry had apparently been caught napping by the new pen, which looked as if it would indeed, as its makers said, revolutionize the industry. Parker and Waterman were working on ball pens, but were not sure when they would put them on the market. The W. A. Sheaffer Pen Co. expected to have its ball pen on the market some time next fall...