Word: vaught
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Dates: during 1940-1949
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Early to quit was Walter Hoving, who went to Manhattan's Lord & Taylor (as president) in January 1937. Five months ago Frank Folsom quit, became chief executive officer of Goldblatt Bros. (Chicago department-store chain). Next resigned George W. Vaught, Montgomery Ward's treasurer, after 23 years with the firm. Last week came the turn of Montgomery Ward's $103,350-a-year president, Ray Fogler. Said he. "It was not because I have another position." Next day Chairman Avery assumed the presidency himself...