Word: jarman
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Dates: during 1970-1979
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...order to persuade his reluctant son Franklin to join the family firm, W. Maxey Jarman once threatened to cut off his inheritance. Even after Franklin, now 41, became chairman of Nashville-headquartered Genesco Inc. in 1969, father-son squabbling continued; in 1972 the Genesco board trimmed Franklin Jarman's authority by giving his father "added management responsibilities," but company troubles mounted and Franklin was restored to full command. Last week the younger Jarman displayed his authority by announcing that he would shrink the size of the company that Maxey built...
...that, Rosemary Jarman does manage to convey the lush, devious, bawdy ambience of her chosen century, makes lively a time, place and society that once were and now still seem passing strange. -A.T. Baker
...Some, not as many specific incidents, but Ritchie's feel for what goes on in a make up room before a debate. The actual dialogue was written by me. We traveled around with Tunney for awhile. I was also with Unruh, wrote a piece on Unruh and Reagan...Nothing Jarman says in The Candidate hasn't been said by Reagan or Murphy People don't realize how crazy these guys are when they're with their hometown people...
...less than half that today. At a board meeting last week, officers announced a quarterly earnings loss of 5? per common share, down from a 51? gain for the same quarter last year. Alarmed, outside directors voted at the meeting to give the elder Jarman "added management responsibilities." The finance committee, of which he was still chairman, will be combined with the executive committee, and both will be placed under his active control...
When it comes to making the most of a rough situation, Genesco's directors evidently feel that father knows best. Though the younger Jarman remains Genesco chairman, the elder will be in charge. At least one Genesco director believes that Maxey will use his restored position as a steppingstone to the Tennessee governorship in 1974. He tried for that office in 1970 but finished second in the Republican primary to Winfield Dunn, the current Governor. Genesco directors appear willing to keep Maxey on until the company is out of its slump. In a firm that depends on strong retail...