Business & Finance: Mitchell Out

In Wall Street there are two Mitchells. Both made headline news last week. One bids fair to continue to do so for some time (see p. 12). The other made what was probably his last. Sidney Zollicoffer Mitchell resigned as board chairman of Electric Bond & Share Co., whose vast utility empire he had ruled for nearly 30 years.

For the past two years Utilitarian Mitchell, now 71, has been in ill health, and it was this that he gave last week as his reason for retiring. He announced that he would soon sever all...

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