Word: genesco
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...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...
...tendency has only been accelerated by the advance of machinery. The rule of Specialization has been analyzed, preached about, "viewed with alarm" on every side, until even the word has become a commonplace. But it is only when there stands out a great exception to the law, like M. Genesco, that the force of the commonplace is driven home by the contrast...