Word: warde
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Dates: during 1950-1959
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MONTGOMERY WARD BATTLE between Chairman Sewell Avery and Stockholder Louis E. Wolfson (TIME. Sept. 6) is going to the courts. Wolfson, who claims to control 500,000 shares of stock (6.5 million outstanding), has filed suit in Chicago to upset the company's "stagger" system of electing directors, which puts only three of nine men up for re-election each year, thus making it hard for any outsider to win control. Wolfson wants all directors up for re-election at the annual meeting next April...
...Ward Autocrat. During his five-year reign, the people of Monaco have come to expect and to relish such tales of their Prince's Hemingwayward exploits. Like most European princelings of the present century, Rainier is a connoisseur of fast motorcars and dangerous living. Unlike his largely dispossessed royal counterparts, however, Rainier takes his ruling job seriously. He frequently seeks the advice and aid of wise Father Francis Tucker, his American-born court chaplain, and often drops in for lunch at Tucker's modest rectory. If the autocratic approach seems called for, Rainier can summon that...
...practicing what he preached against. "On the night of July 3, 1870,'' writes Author Robert Shaplen. "Elizabeth Richards Tilton, a small, dark-haired woman of 35, the mother of four children, confessed to her husband, Theodore, that she had committed adultery with her pastor, the Reverend Henry Ward Beecher...
When a Princeton undergraduate is caught he is sent dorm-ward, to await further notice from the Faculty. The fate of offenders not enrolled at Princeton has not yet been determined, although one Nassau Dean is quoted as saying that "everybody should take a general warning...
LOUIS WOLFSON won the first round in his battle with Sewell Avery for control of Montgomery Ward & Co. Day before a court fight over Wolfson's demand for a stockholders list (TIME, Oct. 25) was scheduled, Avery's lawyers agreed to give Wolfson the names...