Business: Personnel: Jun. 20, 1932

Last week the following were news: Hubert Templeton Parson resigned as president of F. W, Woolworth Co. and was succeeded by Byron DeWitt Miller, 55, vice president & treasurer. Mr. Parson will be 60 (Woolworth retirement age, suddenly enforced) next September. He also gave illness (arthritis) as a reason for his resignation. There have been rumors of a rift in the Woolworth management for some time. Last year Mr. Parson made many an optimistic statement regarding the company at the time a pool was trying to push the stock. The new ruler of 2,430...

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