Word: warded
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Dates: during 1960-1969
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...years a chief executive, Sewell Avery was the epitome of the autocratic tycoon who believed there was room at the top for only one. He battled the growth of labor unions, the New Deal and his own executives. (In 24 years as boss of Montgomery Ward, he had four presidents and 40 vice presidents exit suddenly.) One of the few battles he lost was to President Roosevelt and the U.S. during a wartime labor dispute. But he refused to retreat on his own feet. It took the U.S. Army to carry him out of his Chicago executive suite, giving news...
...Hicks. This performance so impressed J. P. Morgan & Co. that the banking firm asked Avery to take over an ailing Montgomery Ward in 1931. Avery quickly put his rough brand of rugged individualism to work at Ward, in three years turned a $9,000,000 loss into a $9,000,000 profit. Avery's method was to cut costs, introduce higher-priced lines of merchandise for the mail-order chain, because "We no longer depend on hicks and yokels. We sell more than overalls and manure-proof shoes...
...grew out of his militant resentment of the New Deal. In 1942 he had reluctantly signed a C.I.O. contract, which required him to check off union dues. An enemy of the closed shop, he refused to renew the contract in 1944, and Roosevelt reluctantly seized control of Ward. Avery refused to relinquish control to a U.S. marshal, and U.S. Attorney General Francis Biddle hurriedly flew to Chicago to preside as two G.I.s carried Avery out of his office. As he was carried away, Avery flung the ultimate epithet at Biddle: "You New Dealer!" No Depression. When the war ended, Avery...
...turned out, Volpe did not go into the lead until 7 a.m. Wednesday morning, when the totals finally gave him about a 1,000-vote edge. Ward did not concede to Volpe until noon. The Governor-elect eventually triumphed by nearly 138,000 votes...
What Volpe's election will means for Massachusetts is hard to predict. Although many observers shuddered at the thought of either Volpe or Ward as Governor during the early stages of the race, the feeling grew that Volpe was perhaps the better risk. This may be so, but then Volpe has not yet had a real opportunity to pull a fast...