Word: lumberman
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Dates: during 1950-1959
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Gunman Bondurant had forced a Memphis lumberman named Thomas L. Madden to drive him to Middleton, had taken Madden into the bank as a hostage, and was doing fine. He winged a defiant cashier, then threatened to kill a customer, and in the end picked up $10,000. But when he backed out for the getaway, it seemed that half the people in town were waiting. "It was just bang, bang, bang," said an awestruck witness. "It sounded like the Battle of Shiloh. Rifles, shotguns, pistols. Everybody in town had guns...
...profits pouring in from its huge timber stands. If the $6,375,000 in cash and Government bonds in the company till was paid out in dividends to the Johnson family, which controlled the company, most would go for income taxes. The Johnsons talked their problem over with another lumberman, 48-year-old Owen Cheatham, president of the Georgia-Pacific Plywood Co. Cheatham had worries also...
Things As Usual. These were past errors; the error being made today was the ready-in-'53, no fuss-no strain philosophy. This failure of leadership ran higher than the Joint Chiefs of Staff. Growled a Seattle lumberman: "As long as Harry does things as usual, then everybody else will do things as usual. Harry said there is no war on, so who's excited enough to go volunteer to chop down a tree for an Army barracks? Nobody, that...
Drumming Up Business. Largest stockholder in Safeway is Charles Merrill of Merrill Lynch, Pierce, Fenner & Beane. But Ling Warren has a free hand in tending store. A onetime lumberman and veteran chain-store operator before he became Safeway president 16 years ago, Warren now delegates enough authority to his staff to work only 35 hours a week...
...July 1906, Walter Sherman Gifford, then 21 and two years out of Harvard, wrote his father the glad news of his promotion to assistant secretary & treasurer of Western Electric Co. Salary: $24 a week. Snapped the elder Gifford, a fiercely independent Yankee lumberman: "Any damn fool can make a success in a corporation...