Word: sloan
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...been waiting at the gates 24 hr. for it. First official visitor was rotund Flyer Roscoe Turner bringing greetings from the Pittsburgh Chamber of Commerce. William Randolph Hearst had inspected the plant, repaired, repainted and 90% new in exhibits, three days before (see p. 38). Alfred Pritchard Sloan Jr. of General Motors had marshaled 300 scientists, industrialists and economists for a grand neotechnic forum (see p. 54). But the Big Man at the new Fair's first day was neither Illinois' Governor Horner who conducted the inaugural ceremonies, nor Chicago's Mayor Kelly, who made appropriate welcoming...
Perhaps it was not meant to take the spotlight off Henry Ford's enormous new building at Chicago's Century of Progress but such was certainly the effect of a party given by General Motors' Alfred Pritchard Sloan Jr. on the eve of last week's Fair opening (see p. 12). To the General Motors Building he invited an army of U. S. leaders for a prophetic symposium on "Industrial Progress in the Next Century." What some of the guests saw ahead...
Praise in lesser degree he has for John Sloan, Boardman Robinson, John Steuart Curry, Georgia O'Keeffe, John Marin, Reginald Marsh, William Cropper. He plays with the suggestion that Communism may prove the regeneration of art but only if the idea of Communism produces art, not if art is propaganda for the ideas of Communism...
General Motors, which always tells all, did not wait to issue a formal statement. President Sloan announced that first quarter earnings amounted to 63? per share against 11? in the same period of 1933. At the quarter's end G.M.'s cash & securities stood at $153,000,000, its working capital at $262,000,000. During the first three months it sold to foreign and domestic dealers 316,000 automobiles and trucks against 199,000 last year. "The quarter's operations were distinguished by subnormal shipments during January and February, resulting from delays in getting into quantity...
...approve the merger, forced Railroader Loree to dispose of his holdings, resign the chairmanship of Katy. Last week his successor, Board Chairman & President Michael Harrison Cahill, also resigned, for personal reasons (wife's illness). Katy directors left the presidency vacant, elected as chairman bold, shrewd Matthew Scott Sloan who abruptly resigned from the presidency of New York Edison Co. in 1932. "Matt" Sloan, whose first job was removing dead bugs from street lamps and who was not above inspecting ash pits when he reached the top (see cut), was still a major executive without an executive post when...