Business & Finance: Personnel: Dec. 11, 1933

Last week the following were news:

In December 1927 Myron C. Taylor was elected chairman of U. S. Steel's Finance Committee and promptly started a "fiveyear plan." First he retired $340,000,000 of Steel's funded debt, a display of foresight that may have saved Steel a receivership during Depression. Next he set out to rationalize Steel's production, closing poorly located plants, modernizing outdated equipment. Later he began providing Steel with an efficient personnel, inaugurated a retirement plan that enabled him to promote able younger executives. Last week, his financial and personnel plans completed, he...

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