Business & Finance: Little Red Book

Out last week was the 1933 edition of the fat, red little Directory of Directors in the City of New York—handy who's who of corporate management. Though it included only directors with Manhattan addresses, 40,000 are listed in the new edition, a slight decrease from last year. Observed the publishers: "In their search for economy a number of corporations have reduced the size of their boards of directors."

Some 7,000 new directors made the Directory last year, an increase of 15% over the usual number of neophytes. This was attributed to the "strenuous...

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