Business: Armour's Star


The choicest cut of the meat packing business —which traditionally has the thinnest profit margin of any major industry — goes to Chicago's Armour & Co. One reason is Armour's chairman, William Wood Prince, an athletic and esthetic man of 47, who is equally at ease in a Michigan Avenue art gallery or on a stockyard's manure pile. In four years as chief executive, Billy Prince has raised Armour's earnings fivefold, to $16 million on last year's sales of $1.7 billion. This year, despite a first-quarter squeeze on profits. Prince...

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