Word: shanks
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Dates: during 1950-1959
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President Shanks plunged right into a program of decentralization, believing that local managers can get more business -and can handle the company's loans, collections, etc. better-if they are freed from top management's apron strings.' He opened a $9,000,000 office for Prudential in Los Angeles in 1948, gave the local staff virtually complete control over the business of eleven western states, except for top-level policy decisions. A Canadian headquarters swung into action in Toronto last September; Prudential's Southwest area (seven states) will be covered by a nearly autonomous staff when...
After Secretary of Commerce Charles Sawyer, 63, had a gall bladder and appendix operation in Cincinnati, his surgeon, Dr. Reed Shank, was startled by a long-distance call from Washington. Harry Truman was on the line saying: "He's a personal friend of mine and I wanted to hear directly from you how he's doing." Dr. Shank told the President that the patient's condition was "very good...