Word: bernards
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Dates: during 1930-1939
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...five Gimbels who manage Gimbel Bros. Inc. (department stores) are to be thought of as a basketball team, beefy President Bernard F. Gimbel, biggest stockholder, would be captain and centre. The team's "running" forward and its nimblest basket-shooter would be Cousin Richard, 36, vice president. A Phi Beta Kappa at Yale he advertised TUTORING CLASSES DE LUXE, guaranteeing that any student who attended his five-hour lectures would pass a given course. His students paid $20 a head, lay on divans in his rooms, consumed champagne, soda pop, candies, ice cream, cigars. Richard Gimbel carried his money...
President Bernard, most popular of the Gimbel clan, is friend to Gene Tunney and lesser celebrities, spends leisure hours entertaining richly on his Port Chester, N. Y. estate. Cousin Richard, no socialite, expresses himself by pride in his four children and by collecting the works of Edgar Allan Poe whose cottage on Brandywine Street he endowed and refurnished. Between Cousin Bernard and Cousin Richard bad feeling has long existed. After Richard Gimbel had put the Philadelphia store into the black, his salary was cut and he was removed from control-an episode he never allows Cousin Bernard to forget since...
...last week Richard summarily dismissed Mr. Kaufmann for "disloyalty and insubordination." Furious, President Bernard, on whose Manhattan office wall hangs the motto: "To be Right is Desirable, To Seem Right is Essential," seized pen, dispatched to Cousin Richard a telegram: "YOU ARE HEREBY SUSPENDED AS AN OFFICER AND EMPLOYE OF GIMBEL BROS. INC. YOU ARE REQUIRED TO FORTHWITH LEAVE THE STORE. YOUR AUTHORITY TO ISSUE ANY ORDERS OR IN ANY WAY ACT FOR THE COMPANY IS HEREBY WITHDRAWN. YOUR UNAUTHORIZED ACTION . . . CONCERNING MR. KAUFMANN AT A TIME WHEN YOU KNEW DIRECTORS WERE CON- TEMPLATING NOT TO RE-ELECT...
When the Board of Directors met in Manhattan next day, four Gimbels (unnamed) were on Richard's side. But Cousin Bernard rounded up enough votes to confirm Richard's dismissal, appoint Mr. Kaufmann to succeed him. Again, Richard met the newshawks, told them the executives of other Gimbel stores were "scabs," then blurted menacingly: "If you boys are going to take sides, better choose the right side." Philadelphia newspapers saved themselves the trouble by discreetly ignoring the whole fight...
...years Bernard E. ("Sell 'Em Ben") Smith has been a $9-a-week brokers' clerk in Manhattan, fight promoter in Great Britain, biggest bear since Jesse Livermore, greatest bull since William Crapo Durant. The commodity in which he is always bearish is hooey. Every time President Hoover and Dr. Julius Klein said things were going to get better in 1930, the profane, pale-eyed Irishman unloaded his stocks. ("Sell 'em," said he. "They're not worth anything.") The commodity in which Ben Smith is always bullish is gold. Only U. S. director of Mclntyre Porcupine gold...