Word: barre
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Dates: during 1950-1959
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Rolling along in his high-gear expansion drive, Montgomery Ward's aggressive Chairman John A. Barr last week dipped farther into the $198 million capital reserve long hoarded by penny-pinching former Chairman Sewell Avery. To put Ward on Chicago's State Street, the city's retail center, Barr announced purchase of the Fair, an 82-year-old department store with three thriving suburban branches, controlled by Five & Ten Mogul Sebastian S. Kresge's charitable Kresge Foundation. For $7,532,500, Ward bought 301,300 shares of the Fair stock from the foundation...
Much of the bitterness is directed at Senate Leader Lyndon Johnson himself. Says Pennsylvania's Democratic State Chairman Joseph Barr: "I see great danger and distress signals in the spectacle of a man like Lyndon Johnson trying to lead the Democratic Party away from its traditional principles." Says Oregon's Governor Robert Holmes: "The Democratic Party goes forward when it remembers it is a liberal party, and I could wish Senator Johnson would remember that our party dares be the liberal voice of America." Says Colorado's influential Eugene Cervi, editor and publisher of Germ...
...against teaching about the United Nations or using any UNESCO material in the schools. They succeeded in eliminating the annual U.N. essay contest, flooded the town with anti-U.N. literature, e.g., "United Nations Seizes, Rules American Cities." They have denounced such speakers as former Rhodes Scholars Stringfellow Barr and Clarence Streit, partly because some citizens decided that the Rhodes program (launched in 1903) was nothing but a scheme to promote British rule of the world. They also kept out Pasadena's former Superintendent Willard Goslin. "A very controversial figure," said one school-board member, adding...
Both sales and store highlighted Ward's fast comeback under John Barr, 48, who took over the company after crusty old Chairman Sewell Avery surrendered his one-man rule two years ago (TIME, May 23, 1955). As boss. Barr's first move was to recruit a new force of officers; he gave them a stock option plan as incentive, equipped them with real, independent authority and then set to work on a new-look for the company. In quick succession, Barr formed a new department to pump life into merchandising and displays at Ward's 562 retail...
Along with the physical overhaul, Chairman Barr is also gradually changing the company's basic character. Eventually, he hopes to shut down many of Ward's unprofitable rural locations, build heavily in the booming suburbs. Says Barr: "The farm population is in a major decline. Our new, bigger stores will go primarily into shopping centers in the suburbs-where the great migration has gone." And he adds: "We aim to get back in the picture with our competitors...