Word: gilberts
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Dates: during 1950-1959
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Chief antagonist of the Board of Directors was Lewis D. Gilbert, who owns stock in 600-odd corporations, including 12 shares in Macy's. Gilbert, questioning just how many of the store's Board of Directors knew about such things as merchandising, forced President Jack I. Straus '21 to admit several of the directors were not familiar with retailing...
...been in the business and professional field for 30 years. Whatever my talents are, they are at Macy's service." To which a lady replied dryly from the floor: "Thank you, Mr. Montgomery. I see you still have the gift of gab." Then, Lewis D. Gilbert, who owns stock in 600-odd corporations, including twelve shares in Macy's, and makes an avocation of harassing corporate boards, threw a question at President Jack I. Straus: "What does Mr. Montgomery know about merchandising?" Straus tried to defend Montgomery's qualifications as a director. After all, he said, several...
...Macy's hoped to get a refund of some $6,000,000 from the Government for overpaid taxes. Another stockholder complained that Macy's real trouble was "Harvarditis-too many Harvard men."* Straus might well look over his staff with an eye to "housecleaning." Added Heckler Gilbert: "If there is another cut in the dividend, the stockholders have the right to ask that Macy's executives take a cut in salaries themselves...
...Died. Gilbert Frankau, 68, onetime soldier, tobacco merchant turned novelist (Christopher Strong, Farewell Romance, The Dangerous Years) and war poet (The Guns); after long illness; in Hove, England...
...Halsey's The Folks at Home. 89. For his unearthing of "Tubbo" Gilbert's testimony before the Kefauver committee, the Chicago Sun-Times's Ray Brennan...