Tough, tyrannical Sewell Lee Avery had lost "the first round, but he did not seem to know it; although Montgomery Ward's board of directors had knocked him down a peg and made President Wilbur Norton day-to-day boss (TIME, May 31), Chairman Avery went on as if nothing had happened. Last week the second-round bell sounded.
While Norton was on the West Coast on business, Avery suddenly called a special meeting of the board in Chicago. Norton rushed back, only to find that Avery had just as suddenly postponed the meeting for three days. Anyway, Norton was assured, the meeting would...
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