Word: predecessor
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Dates: during 1950-1959
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Last week the golden-brassy gate of destiny clanged shut against Richard Weil. Macy's directors agreed to accept his resignation as president, although he will keep his second job as vice president of the chain. His cousin and predecessor, Jack Straus, 52, announced that he would take on the Manhattan job along with his bigger one of running the whole Macy chain. Straus attributed the change to Weil's two heart attacks. Said Weil: "I never felt better in my life. I just figured I'd carried two jobs long enough...
Like busy tugs about a liner, two congressional committees last week were nosing about a leviathan among federal agencies, the Federal Maritime Board. In the last 15 years, the Maritime Board and its predecessor, the Maritime Commission, have spent $14.5 billion on the U.S. Merchant Marine. The spending has gone almost unnoticed by the public because, in the words of one shipper, "there are a lot more people in the U.S. interested in potatoes than in ships." How much waste or skulduggery was there in the spending? Last week...
When Cochrane took over, he cleared out top deadwood, cut the staff from 4,853 to 4,211, whittled the backlog of claims. Cochrane is proud that the board and its predecessor sold 1,956 ships worth $4.4 billion for $1.7 billion, chartered ships for another ½ billion. He insists that it was a better return than any other agency got on war-surplus property...
...must settle a deficit of 400 billion francs." Said he: "The. remedies are neither of the right nor of the left. They bear no parliamentary labels. They are technical measures to be taken in a climate of political truce." Cautiously he skirted the tax issue which had tripped his predecessor, Edgar Faure...
...strong bulwark of British power and civilization in Central Africa. Afrikaners are flocking into the Rhodesias at the rate of 2,000 a month; many of them are anti-British and determined to bring the Rhodesias into the Union of South Africa. Warned Laborite Jim Griffiths, Lyttelton's predecessor as Colonial Secretary (see above): "Unless there is created and sustained in these three territories a stronger political association looking to [Britain] for its inspiration . . . other principles and other traditions might prevail . . . which come from the Union of South Africa. I think the House and the country ought to know...