For 208 years, discriminating hostesses have seated their dinner guests at place settings crafted by Josiah Wedgwood Ltd. Catherine the Great of Russia had 952 pieces created for her summer palace near St. Petersburg; Queen Charlotte of Britain in 1765 was so enamored of her cream-colored earthenware that she commanded that it henceforth be called "the Queen's Ware." Only recently the Queen of Thailand placed her order for 400 pieces of powder blue Columbia.
Last week the company's 150 shareholders, mostly members of the Wedgwood family, decided by a narrow margin of eight...
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