Word: genesco
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Dates: during 1960-1969
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...felt that Christianity needed a new nondenominational magazine, not-so liberal as the old and prestigious Christian Century (circ. 37,500). Bell organized a committee of clerical sponsors, raised the capital funds from a number of millionaire Protestant laymen, including Oilman J. Howard Pew and Chairman Maxey Jarman of GENESCO, Inc., who still make up most of the magazine's annual $225,000 deficit. To edit the new magazine Graham's committee chose Baptist Professor Carl Henry, 49, of Fuller Theological Seminary in Pasadena. He agreed to take on the job for a year "to get things moving...
...Walter Hoving, 62, quit as president and chairman-designate of Manhattan-headquartered, high-fashion Bonwit Teller, also resigned as president of the Hoving Corp., a holding company that controls 52% of Tiffany's but is in turn held by the giant (1959 sales: $276 million) Genesco, Inc. Taking over as president at Bonwit Teller is Edgar Wherry, 54, now vice president of J. W. Robinson, a Los Angeles department store chain, and longtime merchandise manager at Manhattan's Lord & Taylor. Reason for Hoving's move: he hopes to buy Tiffany's from Genesco...