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Thus the Danish immigrant who started out as a shipyard worker at $1.75 a day, rose to the $350,000-a-year presidency of the nation's biggest manufacturing corporation, handed over command of the U.S. war effort to a locomotive engineer's son from Hannibal, Mo., who had wanted to be a professor of chemistry, but who became, as the $70,000-a-year manager of Sears, Roebuck & Co., the country's No. 1 mass-buyer...

Author: /time Magazine | Title: The People Win | 1/26/1942 | See Source »

...Lewis and Mr. Green was the chief stumbling block to a reunion of labor. According to one published plan, the new president of accoupled labor would be A.F. of L.'s Secretary-Treasurer George Meany; Mr. Green would be turned out to pasture on a $20,000-a-year pension; Machiavellian Mr. Lewis would get a vice-presidency; Mr. Murray, to whom the whole thing came as a complete surprise, and who had good reason to believe he was in the middle of a squeeze play, would be offered the secretary-treasurer...

Author: /time Magazine | Title: Accouplement? | 1/26/1942 | See Source »

...Managerial Migration. By year's end some 300 U.S. businessmen had taken $1-a-year jobs in Washington. The number who went to Washington in search of priorities, defense contracts or mere information passed all count. The Mayflower Hotel's 1941 telephone bill was $300,000, 50% more than 1940, 200% more than 1929; and its total liquor sales, which were $410,000 in 1940, rose...

Author: /time Magazine | Title: Business: Boom, Shortages, Taxes, War | 1/5/1942 | See Source »

...businessmen grasped the dimensions of total war sooner than most labor leaders in 1941. But the quickest to do so were not business' social servants, the $1-a-year ambassadors to the New Deal. They were the Old Guard, whose hatred of Roosevelt kept them out of Washington altogether...

Author: /time Magazine | Title: Business: Boom, Shortages, Taxes, War | 1/5/1942 | See Source »

...Bright James S. Adams, 44, was elected president of Standard Brands (Fleischmann's Yeast, Chase & Sanborn coffee). A flyer in World War I, he was for six years an adman (Benton & Bowles), six years a building-materials man (Johns Manville), two years a soapman (Colgate-Palmolive-Peet), seven months a $1-a-year man (OPM's auto and paper divisions). Standard Brands has been aging rapidly since depression times (1940 profits were 35% below 1932) and Adams' youth may prove as useful as his varied experience...

Author: /time Magazine | Title: Business: Securities and Soap | 12/29/1941 | See Source »

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