Business & Finance: One-Arm Battle

Two weeks ago a Colgate went back to Colgate-Palmolive-Peet. Last week a Thompson went back to 118 one-armed lunchrooms, but the process was some-what different. In 1927 John R. Thompson, self-made founder of the restaurant chain died leaving to his estate a lot of old masters (Hals, Raeburn, Corot, Diaz, Millet, Rousseau, Bellini) that had cost him some $750,000. To his company he left his Yale-educated Son (Class of 1918). John R. Jr. had been put through the business from the lunch counter up. Homely and negligent in dress, he was regarded by...

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