Word: resignations
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Dates: during 1950-1959
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...list of plants to be sold. On top of that, word got out at week's end that American Woolen was dickering to merge with another New England textile company, not Textron, which had offered to do so. When stockholders meet in April, President White is expected to resign. Said American's new Chairman Young: "I want to put the company back on a profitable basis...
...believed, however, that Smith had been asked to resign because of a disagreement on policy. A formal statement is expected by the Board of Overseers on March...
...Trading. As if in answer, Young closed down his Palm Beach home this week and moved to a four-room suite in Manhattan's Waldorf-Astoria Towers. As he headed North, he fired one more shot at White, demanding that he "get back to running the railroad or resign." Meanwhile, both sides prepared proxy statements for the Securities & Exchange Commission, got ready to solicit proxies in preparation for the Central's annual meeting...
...from the company. Since this raised an obvious conflict-of-interests issue (Beeson was still technically in the employ of a company that could be affected by his NLRB votes), further committee hearings were called. When he got up to play out his Rome-burning scenario, Beeson promised to resign outright from the company and to renounce its contributions to his pension (adding up to $4,424). Said he: "My wife and I are glad to make that sacrifice if it would make the men on the Democratic side happier...
...midst of the fight over the Bricker amendment last week (see NATIONAL AFFAIRS) came a brand-new proposal. It rejected Bricker's plan because it did not go to the "root of the problem," suggested instead an amendment to the Constitution that could force the President to resign from office if Congress disapproved (by a two-thirds majority) any agreement he signed with a foreign power. Then Congress would elect a new President. The suggestion might have been considered harebrained had it not come from the most widely syndicated political pundit in the U.S. The pundit: Columnist David Lawrence...