Business: Personnel: Dec. 26, 1932

Last week the following were news:

Big stockholders in John R, Thompson Co. (restaurants and cafeterias in 36 cities) are John Daniel Hertz and Charles Alexander McCulloch who were good friends of the founder until he died in 1927. Last March President John R. Thompson Jr., 37, tried to get proxies sufficient to regain voting control but gave up and announced, "It was all due to a misunderstanding." Chicagoans felt that the Hertz-McCulloch group allowed him to remain as president for sentimental reasons. Last week he resigned,...

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