Word: kestnbaum
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...president of Hart Schaffner & Marx, he heads the biggest men's ready-to-wear company in the nation (1953 sales: $69 million). In the U.S. suit-and-coat industry, giant H.S. & M. does more business than the next four companies combined. To run the big company, Meyer Kestnbaum needs only one brief-.case; but he keeps four others packed full of work on a long list of outside projects...
Responsibility Taker. Since last spring, Kestnbaum has been dividing his time about equally between Hart Schaffner & Marx in Chicago and the President's Intergovernmental Commission (charged with studying the whole range of federal-state relationships), which he took over when Clarence Manion resigned (TIME, May 3). In between, he has sandwiched time for the many other posts he holds: chairman of the Committee on Economic Development, director of the Ford Foundation's Fund for the Republic, director of the Chicago Community Fund and of the Great Books Institute, overseer at Harvard. Says Kestnbaum: "If you'll accept...
Last week versatile "Kesty" Kestnbaum accepted some new responsibilities. On a royalty deal, Hart Schaffner & Marx took over the Society Brand line of men's suits, thus trimming down the Big Five of the business to the Big Four.* In the men's clothing trade, it has been no secret that Society Brand is dying on the vine, has eked out a slim profit over the past four years only by virtue of tax carrybacks and rebates from more prosperous years. Kestnbaum plans to sink $2,500,-ooo into Society Brand over the next year to rebuild...
...Meyer Kestnbaum, 57, scholarly president of Hart Schaffner & Marx, was named by President Eisenhower to succeed Clarence E. Manion as chairman of the Committee on Intergovernmental Relations. A quiet, shy man, with an astonishing literary appetite,, "Kesty" spends most of his spare time reading, a practice he feels too many businessmen avoid. An early member of Citizens for Eisenhower, he is chairman of the Committee for Economic Development and a director of the Chicago Community Fund. Kesty figures that he can do the job without quitting Hart Schaffner & Marx or moving to Washington...
Also nominated for Overseers' posts are Meyer Kestnbaum '18, Chicago, President of Hart, Schaffner, and Marx; Francis W. Hatch '19, Boston, Vice President and Director of the advertising firm of Batten, Barton, Durstine, and Osborn, Inc.; Abbott L. Mills, Jr. '20, Washington, D.C., Member of the Board of Governors of the Federal Reserve System; J. Edward Lumbard '22, New York City, United States Attorney for the Southern District of New York; Philip H. Theopold '25, Boston, member of the real estate firm of Minot, De Blois, and Maddison; and David Rockefeller '36, New York City, Vice President of the Chase...