Word: mcbain
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Dates: during 1950-1959
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...James L. Palmer, 59, president of Chicago's Marshall Field & Co. since 1949, was named chief executive officer to succeed Hughston McBain, 56, who retired as chairman and chief executive after 15 years. Palmer has worked hand in hand with McBain in guiding Marshall Field through a postwar expansion period that saw the opening of three suburban stores, doubled total store space, pushed sales up some 35% (fiscal 1957: $219,011,532). A onetime professor of marketing at the University of Chicago, Palmer joined Field's in 1936, became president after he turned down an offer to become...
Over the years many similar though smaller plans for Chicago have died through lack of interest. What inspires Chicagoans about the Rubloff-Owings concept is the fact that influential businessmen are behind the project. Among them: Hughston M. McBain, chairman of Marshall Field & Co., Willis D. Gale, chairman of Commonwealth Edison, and Arthur T. Leonard, president, Chicago Association of Commerce and Industry. The sponsors feel that financing will not be a major problem. One suggested plan: establishment of a nonprofit corporate body eligible for city, state and federal land-clearance grants, plus "interested" Eastern insurance money...