Business & Finance: Personnel: Dec. 5, 1932

Last week the following were news:

John Daniel Hertz, who moved last year from Chicago where he was interested in theatres and taxicabs to Manhattan, where he serves as chairman of Paramount Publix's finance committee, was elected to the board of Baltimore & Ohio Railroad, together with Lawyer Carl August de Gersdorff of Cravath, de Gersdorff, Swaine 8 Wood. They succeeded Bernard Mannes Baruch and the late Paul Moritz Warburg.

"No railroad management can legally or morally divest itself of ultimate freedom of action," explained the committee of western railroad presidents last week in announcing, after months of deliberation, the choice of a...

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