Word: norton
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Also selected were Nicholaas Bloembergen of Holland, Paul R. Garabedian of Norton, George D. Halsey, Jr. of Washington, D.C., Thomas C. Schelling of Cambridge, and Hao Wang of China...
Showdown. Able, amiable Bill Norton was born and raised in Hampton, N.H., and prepped at Exeter. He left Harvard during his freshman year to support himself and three younger brothers after the death of their parents. Starting in Boston's Jordan Marsh Co., he worked his way up in various stores (e.g., W. T. Grant Co. and Filene's in Boston), until he joined Ward...
Long before he became president (at $100,000 a year), Norton got along with Avery only by speaking his mind. That worked until recently. Then the showdown came. It was stirred up by aging (now 74) Mr. Avery, who had a scunner on two of Ward's eight vice presidents. Avery decided to settle the matter in his usual fashion: he wanted President Norton to fire them. Norton roared: no. When Avery roared back, Norton handed in his resignation. Within 48 hours the eight vice presidents did the same. (Vice president in charge of personnel and public relations, Lawrence...
...called a special meeting of directors to try to prevent the walkout of his brass. After a five-hour session with the board, Avery got the insurgents to withdraw their resignations and go back to work. Their terms: a change in the company's bylaws to give President Norton (and not Chairman Avery) "general executive authority . . . over the entire business and affairs of the corporation," subject only to the board's control. Crowed one executive: "It's the beginning of the end for Sewell Avery...
...also made Bill Norton the day-today boss of the second biggest merchandising business...