Business & Finance: Personnel: Jun. 6, 1932

Last week the following was news: James Wood Johnson, 76, a founder of Johnson & Johnson (surgical supplies) resigned from the presidency of the company which he has held for 22 years, resigned his directorship and all positions with subsidiaries. Said his announcement: "Having . . . received notice that I am a pensioner, I herewith tender my resignation." His resignation accepted "with profound regret," Mr. Johnson prepared to sail for Scotland.

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