PERSONNEL: Hatchet Man Axed

Montgomery Ward's terrible-tempered Chairman Sewell L. Avery has had plenty of practice severing high-level employees from his payroll, including 32 vice presidents since 1931 (TIME, May 6, 1940 et seq.). Last week it was Sewell A very that was axed—as president of Cadillac-Soo Lumber Co., of Sault Sainte Marie, Mich. Cadillac-Soo Lumber was formed in 1923 out of three small companies, one owned by Avery and his brother. In 1946 Avery became president of the closely held corporation (with annual sales of about $1,500,000).

Sewell Avery, now 80, had his eye on the future—and set company policy accordingly. By filling...

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