Word: odorizzi
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...equal to $10.28 a share) and the vice presidents were awaiting the customary (up to 50%) bonus on their $35,000 to $45,000 salaries. No, said Avery, there would be no bonus. Instead, the same amount would be given as a salary increase. Said Vice President Charles M. Odorizzi: "We'd have to stay a whole year to collect; it was a dodge to make sure he had us where he wanted...
...year-old Odorizzi, this was the last straw. Last week he quit and went off to his Wisconsin mink farm. A day later, Vice President Arthur Romer, after 32 years at Ward's, also quit. Then Avery got the resignation of Vice President Albert O. Steffey, retail store boss who had been with Ward's for 21 years. Steffey went home and opened up the bottle of 1811 brandy he had been saving for the occasion. With their departure, Sewell Avery snapped: good riddance; all three had been part of the "very real conspiracy...
...vice presidents were stunned. When they and Norton had threatened to quit last month if Avery's power was not clipped, Avery had suspected that it was a bluff to scare him off his high horse. Now he learned better. Vice Presidents Oswald Higgins, Laurence Odell, Charles Odorizzi and Earl Ward promptly resigned. By week's end, Avery was reportedly talking fast to persuade the other three vice presidents to stay...
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