Word: broido
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Dates: during 1946-1946
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...thought he knew what was wrong was Louis Broido, executive vice president of Manhattan's Gimbel Bros., which has sold more surplus property than any other U.S. retailer. On the basis of this, Broido told the Senate's Mead Committee: all consumer-type surpluses should be sold through big city department stores. Under his plan, surpluses would be sold in the stores, the cash going to WAA. To do the job right, the cumbersome system of priorities for veterans, local governments, educational institutions should be scrapped...
Unwieldy Law. But, as Broido knew, the priority system was put into the badly drawn Surplus Property Act by vote-conscious Congressmen, would probably stay there. Said Broido of the hodgepodge act: "You could be the smartest merchant in the world, Old Man Original Macy or Gimbel himself, and you couldn't do a very good job . . . with this legislation...
Lieut. General E. B. Gregory, WAA administrator who had done a conscientious job administering a bad law, agreed with Broido. Priorities had held up the disposal of some surpluses as long as six months. General Gregory also liked Broido's plan for department store sales. But he did not know whether WAA had the right to use that system...