Word: directorship
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Dates: during 1930-1939
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Last week the following was news: James Wood Johnson, 76, a founder of Johnson & Johnson (surgical supplies) resigned from the presidency of the company which he has held for 22 years, resigned his directorship and all positions with subsidiaries. Said his announcement: "Having . . . received notice that I am a pensioner, I herewith tender my resignation." His resignation accepted "with profound regret," Mr. Johnson prepared to sail for Scotland...
Died. William Julius Harris, 64, senior Senator from Georgia; following an intestinal operation; in Washington. Prestigeous as a banker, he became State Democratic chairman, managed Woodrow Wilson's Georgia campaign, was rewarded with the Directorship of the Census Bureau, later the chair of the Federal Trade Commission. Late in entering the Senatorial contest of 1918, he won over his two opponents when he produced a letter of endorsement from President Wilson. Enemies thereafter accused him of "riding to Washhigton on Woodrow Wilson's coat tails...
...Century lines east of Chicago will also be erased by American Airways, which withdrew long ago from that highly competitive section. But the western coastwise service will be retained, to join American's southern transcontinental line at Los Angeles. Total new mileage acquired: 553. By accepting an Avco directorship, Motormaker Cord agrees not to engage in other air transport operations for two years. But he sees his position as a manufacturer materially strengthened. Although Avco denied that it was bound in any way to buy more transports from Cord's Stinson factory, Mr. Cord was confident that airmail contractors...
...company man can be elected head of the Institute. Edwin B. Reeser, twice president, is president of independent Barnsdall Corp. The late Elmer West Clark who preceded him was executive vice president of Union Oil Co. of California. Amos Leonidas Beaty's only position now is a directorship in Phillips Petroleum Co. But he well understands the viewpoint of the big companies. He used to be president of great Texas Co. Texas is his State. His Texan stature and accent mark him in New York, where he now lives, golfs, bridges, flies. A lawyer for 15 years before serving Texas...
...Attilio H. Giannini, brother of Amadeo Peter Giannini, was appointed chairman of the executive committee of Bank of America, N. T. & S. A. (California). Chairman of Bank of America, N. A. (Manhattan), Dr. Giannini is also vice president of Transamerica Corp, He resigned his directorship in the holding company recently (TIME, Oct. 5) when it was decided that executives of controlled banks should not be on the Transamerica board as well...