Word: sarnoffs
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Unlike the major management shuffle at General Motors, the changes announced last week by Radio Corporation of America merely confirmed a long-predicted move. Executive Committee Chairman Elmer W. Engstrom will turn over to President Robert W. Sarnoff, 49, the title of chief executive officer, which Engstrom has held for 22 months. The switch, which will become effective New Year's Day, was disclosed well ahead of time to facilitate "an orderly transition of duties...
...retiring. He still has three years remaining on a five-year contract, and will continue to serve as executive-committee chairman and technological consultant. Besides, RCA differs from many large companies in that it has no mandatory retirement age for top executives. Chairman of the Board David Sarnoff, father of the new chief executive, is still vigorously active at 76; he remains RCA's most powerful voice and biggest stockholder...
...never had any plans to do any of the things on the injunction order, except for using a sound truck in the parade, which we did not do after we received the injunction," Sarnoff said...
...plans, the Century Corporation's lawyers were able to obtain a ten-point injunction from a municipal judge on the morning of 23 June, which ordered the marchers to "restrain" from doing the ten things listed on the injunction. The injunction order was handed to Irving Sarnoff, PAC chairman, at the rally before the march began...
...commodore. He got his membership. In more recent years, there was a good deal of studied superiority directed by the "old" Jewish arrivals toward the newer immigrants. In 1950, a granddaughter of Felix Warburg, the legendary bon vivant, yachtsman, polo player, art collector and philanthropist, married Robert W. Sarnoff; in some quarters, the groom was identified as "the son of that Russian radio...