Word: mckinlay
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Last week Cuneo won his war. John McKinlay, onetime president of Marshall Field & Co., who has run National Tea for the last six years, resigned. As part of the peace treaty, Cuneo won control of National's board of directors. Backed by his print shop millions, he had become a potent new figure in the chain-store field...
...business. Founded by an immigrant, the late George S. Rasmussen, National Tea ran into difficulties not many years after he left the company to his sons, George S. Jr. and Robert V., and went home to Denmark. By 1937, National Tea was in the red by $1,365,280. McKinlay was brought in to try to pull it out, though Robert stayed on as president...
...McKINLAY Los Angeles, Calif...
...renting an office to hang up my hat in and start off for regularly every morning," said Marshall Field's John McKinlay in Chicago last week. The 61-year-old Scotsman had just placed his resignation as president in the hands of another Scotsman, Chairman James McKinsey. To President McKinlay, who rose from a cashboy, Marshall Field was an Institution. To Chairman McKinsey, who entered from the top as a professional management counsel, Marshall Field was a corporation with a problem. The two viewpoints were incompatible. As Mr. McKinlay's successor, Mr. McKinsey suggested Vice President Frederick Dexter...
...shoot lions, liked Marshall Field's Long Island estate with its elaborate pheasantry, its 20-car garage, its stable rich with polo ponies. Marshall Field danced and hunted with her. In Chicago his grandfather's department store was competently managed by two Scotsmen, James Simpson and John McKinlay. In his investment banking business (Field, Glore & Co.) he had an able partner...