Word: folson
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Dates: during 1950-1959
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...stores). He succeeds C. G. Trammell, who resigned in March with two vice presidents in an effort to avert a proxy fight threatened by the Kress Foundation, which holds 42% of Kress stock (TIME, March 3). Cobb was picked for the job by RCA Executive Committee Chairman Frank M. Folson, who took over as chairman of the Kress executive committee after the foundation forced a change in Kress policy in an effort to halt slipping sales. Born in Auburn, Me., Cobb attended the University of Maine ('35), worked for Montgomery Ward as regional catalog-order manager before joining...
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