¶ Ralph Lazarus, 43, fourth-generation retailer of the Lazarus merchant family, stepped up to president of Federated Department Stores, Inc., which grossed $601 million in the past year from its 38-link chain. His father, Co-Founder Fred Lazarus Jr., 72, moved up to chairman. Former Chairman Lincoln Filene, 92, also a founder and the dean of U.S. retailers, eased into the new job of honorary chairman. The executive switch means that Fred Lazarus will steadily relinquish more authority to his son, who in 22 years with the company following his graduation from Dartmouth...
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