Word: baer
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Dates: during 1940-1949
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...taciturn lawyer son Lawrence Mario (48), who has been Bank of America president since 1936, has always been frail, lately has spent long periods away from his desk. Last year, when A.P. bought California's Pacific Finance Co., he made its go-getting, 50-year-old president Francis Baer vice chairman of the bank's board, and West Coast financiers buzzed that A. P. bought the company to get the man and groom him for president...
...says Francis Baer is "a comer [who will] cut a big figure in this business." But last week he turned his spotlight upon another of his executives: big, dark, 54-year-old Carl F. Wente, who stepped into a newly created job as senior vice president of Bank of America...
...Answers. Whoever inherits the empire, Baer and Wente make a logical team to work in harness under the brilliant, ailing Mario and his indestructible father. Baer, the consumer finance expert, is the perfect answer to A. P.'s booming small-loan business (the bank had 3,000,000 borrowers averaging loans of $300 apiece between 1935 and 1941). Wente has worked in a score of the small country and city banks that are now cashing in for A. P., knows farm, livestock and small .business problems. As his boss puts it, "he knows a lot more about banking than...
...ARTHUR R. BAER Chicago...
...case against John Baer was promptly dismissed. Planning to go to his draft board to start all over again, Baer still had one complaint: because legally he was the draftee who wasn't there, the Army would not pay him for his 35 days' service...