Last week the following were news:
Lessing J. Rosenwald, 40, resigned as vice president of Sears, Roebuck & Co., became chairman of the executive committee, vice chairman of the board. The shift was interpreted as meaning that his father, Julius Rosenwald, plans to become less active in the company. Last week the rumor of a merger between Sears, Roebuck and Montgomery Ward was stronger than it has been for a year or so.
Walter Sherman Gifford succeeded the late George Fisher Baker as a member of the finance committee of United States Steel Corp. Sewell...
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