Business: Personnel: Oct. 26, 1931

Last week the following were news:

Edward E. Shumaker, president of R. C. A.-Victor Co., presented his resignation, to take effect Jan. i. He is 50, long planned to retire at that age.

Major General George Sabin Gibbs who retired as Chief Signal Officer of the U. S. Army to become a vice president of International Telephone 6 Telegraph Corp-(TIME, July 13), was made president of Postal Telegraph-Cable Co,, succeeding newlywed Clarence Hungerford Mackay who becomes board chairman. General Gibbs's record in the Army was long and active. He entered the service in 1898...

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