As 40-odd top executives have already learned, to their great sorrow, there is no room left at the top of Montgomery Ward & Co. for anyone except highhanded Chairman Sewell Avery, 78. Last week two more Ward vice presidents resigned. They were Roy L. Gebert, top boss of Ward's 605 retail stores, and Herbert Riegelman, the third chief of the Manhattan office to leave since 1950. Said Gebert, a 25-year veteran whom Avery promoted only last September: "Everybody has differences with Mr. Avery . . . No man could continue on the job and keep his self-respect . ....

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