Business: Damned Report

Last week in a big, bright room on the eighth floor of its Chicago administration building was held a corporation's annual meeting for which the build-up had been long & loud. The horrid-sounding charges which Joseph I. Zook, as head of a self-appointed stockholders protective "association," had been hurling at Montgomery Ward's management insured good attendance. Even the Armour brothers, Philip and Lester, dropped in to pick up a few pointers from Ward's quick-witted President-Chairman Sewell Lee Avery.

Having dispensed with routine matters, President Avery picked up a copy of the annual...

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