Business & Finance: Tea Tie

Just before he sailed home on the Normandie last week, taciturn, tweedy Sir George Ernest Schuster, chairman of the board of Lipton, Ltd., received newshawks in his suite at Manhattan's Waldorf-Astoria and imparted to them a bit of last-minute information. Last February, said Sir George, he had become president of Thomas J. Lipton, Inc., when the stock of that U. S. company had been wholly acquired by his English corporation. Why his election had not been announced before he did not explain, observed vaguely: "There never has been a time when the...

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