Word: nortone
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...detonating "fireball" from space streaked across the Midwest last Feb. 18, the Chicago Institute for Nuclear Studies wanted a sample of it, and Dr. Lincoln LaPaz, meteorite hunter of the University of New Mexico, set out to trace one. It took him two months to find several fragments in Norton County, Kans. One of them weighed 130 Ibs. and was made of stony material mixed with globules of nickel and iron...
...rule, did. As such smart merchandisers as Walter Hoving (see below) and the Ford Motor Co.'s Albert Browning left, they jokingly formed the "Has-Been Club." In due time they took in 21 Ward has-been presidents and top executives. Not till Vice President Wilbur Harrington Norton, 44, became president in 1946 did Chairman Avery have someone who was ready to dish out rough treatment as well as take...
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...