When Elias Mayer, 52, of Chicago announced recently that he was going to retire from business, he gave as his reason his desire to die with his slippers on—not his shoes. In good health, he retired primarily to have some fun. But he also may have had in mind the realization that his business, General American Tank Car Corp., is a youngman affair. Certainly the Board of Directors were of such a mind, for last week they chose as Mr. Mayer's successor in the presidency, Lester North Selig,...
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