Word: store
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Dates: during 1950-1959
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...sold all the C. & O. stock held by his Alleghany Corp. to Old Friend Cyrus S. Eaton, Cleveland industrialist and a longtime fellow castigator of New York banking interests. Young also sold his own C. & O. holdings, as did a small group of men around Young, including wealthy. Dime Store Heir Allan P. Kirby. Young also turned over his job as chairman of the C. & O. board to Eaton whose C. & O. holdings, with the 104,854 shares bought from Alleghany, swelled to 205,854 shares. Young, Kirby and four other C. & O. directors resigned from the board. This left...
President David Mayer of Chicago's Maurice L. Rothschild Co. not only pays his salesmen well (average of $150 a week) and keeps no time clocks, but has worked out a new gimmick in his sales contests, similar to those that aggressive retailers now run. The store antes up $1 for every garment of a certain make that a salesman can sell...
...James T. Leftwich, 64, who has been with the F. W. Woolworth Co. for 40 of the dime-store chain's 75 years, becomes its new president next month. Leftwich joined Woolworth's Chicago office in 1913, became an accountant in 1916 and worked his way up through the comptroller's and treasurer's branches. The company's financial expert, he will take over from...
...Bernice Fitz-Gibbon. fiftyish, whose "Nobody but nobody undersells Gimbels" ads made her the best-known woman in U.S. retail advertising, resigned as advertising director of Manhattan's Gimbels department store (as of April 1). Wisconsin-born Bernice Fitz-Gibbon came to New York as a copywriter for Macy's, where she coined "It's smart to be thrifty," went to Wanamaker's before she joined Gimbels...
...executive position . . ." Payoff. In Miami, when FBI agents nabbed him, Essex Robinson asked what he was charged with, learned he was wanted for draft evasion, exclaimed: "Oh, is that it? I heard you were after me, so I hurried right down and paid that overdue bill at the clothing store...