Word: chairmanship
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...routine monthly meeting last week for a duty that was far from routine. They elected a new president, Leroy A. Wilson,* 47, to run the largest business enterprise in the world. Walter Sherman Gifford, 63, who has headed the company for 23 years, moved up into the vacant board chairmanship...
Eliot House will be the scene of the gathering toward which divergent groups in the University have been training their sights since the middle of October. The alumni group, under the chairmanship of Leverett Saltonstall '14, will meet for lunch at 12:30 in the rooms of the Society of Fellows...
Amid the cheers of bankers and brokers, Harry Truman abruptly demoted Marriner Eccles from the chairmanship of the Federal Reserve Board last week. In the place of old New Dealer Eccles, the President put Thomas McCabe, chairman of the Philadelphia Federal Reserve Bank, president of Scott Paper Co. (tissues). In politics, McCabe is a Republican...
...Harry Truman do it? His motives were not too obscure. Eccles' term on the board ran to 1958, but his chairmanship was about to expire (Feb. 1). The small, greying boss of FRB had become increasingly irritating to Mr. Truman. Eccles had disagreed with Treasury Secretary Snyder on how to handle inflation. With his recommendations for tighter Government controls of banks and financing, he had stirred up the bankers and brokers. He was always treading on toes. He had also been spotted paying occasional visits to Senator Bob Taft. The ax fell...
Eccles' head did not roll, although his neck was bruised. Magnanimously the President offered him the vice chairmanship of the seven-man board. After wrestling with his pride, Eccles took it. He could still get in plenty of licks at his enemies. While McCabe was learning the tortuous ins & outs of the job, Eccles, the old hand, would continue to be the most influential member of FRB. Independently wealthy and doggedly independent, 57-year-old Marriner Eccles would go on working at his ideas of "capitalistic democracy." A Washington career had been punctuated but by no means ended...