Word: rand
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Dates: during 1950-1959
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Homespun, poker-playing Frank Chambless Rand, who expanded a horse & buggy shoe-selling route into the biggest U.S. shoe company, had a horror of nepotism. "I've learned in my lifetime," he liked to say, "that friendship is no basis for business, but business is an excellent basis for lasting friendship." Thus when Frank Rand died at 73 last December, his job as board chairman of St. Louis' International Shoe Co. was filled by no relative but by President Byron A. Gray, a former clerk...
Last week, nobody cried "nepotism" when Edgar Eugene Rand, 44, the founder's eldest son, moved up to the company's presidency. Like his father, husky Ed Rand was a poker-playing, hardheaded businessman who had never been coddled. He was sent to public school, later prepped at the Webb School in Bell Buckle, Tenn., where the boys took their baths in wash-tubs, got their water from a well...
...with an A.B. from Vanderbilt, Ed Rand went to work in his father's factory sorting leather; two years later he became a leather buyer. After a wartime hitch with OPA, WPB and SPAB, where he had charge of selling millions of surplus Army shoes, Rand went back to International as boss of production, merchandising and distribution, was made a vice president in 1947. The company he went back to had mushroomed from one plant in 1898 to 55 factories, eight tanneries, a rubber plant and a cotton mill, with 35,000 employees and 12,000 stockholders. International Shoe...
...Times painted more clothing on Sally Rand, and airbrushed out the bare essentials of a model in a girdle ad. To those who complain that Times ads still show too much bosom, the Times has a stock reply: "Women's attire has come to be so scanty nowadays as to attract less & less attention." Censor Gannon occasionally nods. Once he passed double-meaning ads for Springs Mills's "Springmaid" fabrics (TIME, July 26, 1948). But the best-selling Kinsey report never made Gannon's grade...