Show Business: The Chairman Emeritus

No middle-aged American woman will ever forget the February of her years, when an undernourished kid with a big bow tie and an Adam's apple was the idol of all the bobby-socked, sad-dle-shoed groupies. Of course, they weren't called groupies then, and all they did was swoon. In the years since the 1940s, the kid put on weight—and threw it around like no other performer before or since. He was the Chairman of the Board of all show business. But last week Frank Sinatra, at 55, announced "effective immediately, my retirement from the entertainment...

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