Word: stettinius
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...accordance with this last scheme, Chairman Taylor four years ago hired young Edward Reilly Stettinius Jr., a vice president of General Motors, made him vice-chairman of the all important U. S. Steel finance committee, succeeding a man twice his age (TIME, Dec. 25, 1933). Since then it has been generally expected that Ed Stettinius would be Myron Taylor's successor as chairman of the board of directors. Last week, announcing that next April he would step down from the chairmanship, Myron Taylor made good this expectation...
...office because of such criticism received little credence. Actually Myron Taylor, having taken the chairmanship with the utmost reluctance in the first place, has long wanted to retire. Resumption of Big Steel common stock dividends makes an opportune moment. And four years' training has well groomed Ed Stettinius to take over...
Died-William Carrington Stettinius, 41, Baltimore stockbroker, son of the late Morgan Partner Edward R. Stettinius; of uremia; in Baltimore...
...Filbert's successor is Edward Riley Stettinius Jr., who is handsome, likable, supercharged with energy and white-haired at 35. His services were acquired by Steel Corp. last year after a meteoric rise to a General Motors vice-presidency and a brief but intense interlude in NRA. Son of the late Morgan Partner who directed Allied purchasing in the U. S. during the War, he is an executive by inheritance as well as by choice. Long on organization, strong on public relations, he has attended so many conferences and meetings that he habitually says "Gentlemen" even when talking...
Edward Riley Stettinius will probably never know so much about steel making as Steel's President William A. Irvin. He certainly will never know so much about Steel's finances as the fabulous Mr. Filbert. Yet he is apparently being groomed to succeed Chairman Myron Taylor. And Mr. Taylor, like his predecessor, is not a steel man but a lawyer. The Steel Corp.'s prime requirement is executive talent. If pure essence of executive potency can move brontosaurian Steel Corp., Edward Riley Stettinius will surely move...