At the annual stockholders' meeting of the world's largest motormaker last week in Wilmington, Del. there were not enough chairs to go round. It was not that General Motors' 342,384 stockholders had turned out to rule their company, but that in the room, on the seventh floor of the Du Pont Building, there were but 20 chairs at meeting time. Presiding was heavyset, florid John Thomas Smith, GM vice president and general counsel. Absent were President Alfred Pritchard Sloan Jr. and 30 other directors.
Until nominations for directors were called for, the meeting was...
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