Word: courtauld
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Chambers, a financial wizard trained at the University of London's School of Economics and polished at the Inland Revenue Board, obstinately foug1' his way back to grace. The Courtauld venture had rewarding side effects: the worth of the Courtauld stock held by I.C.I. soared after the quarrel, from $173 million to $268 million. More important. Chambers made some hard decisions inside I.C.I. He cut its 99,000 employees by 5%, trimmed costs to the point of printing its annual report in newspapers rather than sending copies to almost 475,000 shareholders. The company also stepped...
...whether Georges Seurat had originally included his only self-portrait as a mirror image in his famous painting of his mistress, Young Woman Powdering. Chicago Art Institute Director Daniel Catton Rich and Painting Conservator Louis Pomerantz, taking advantage of the loan of the painting from London's Courtauld Institute for the Chicago Seurat show (TIME, Jan. 20), decided to test the legend by X ray. To their delight, they found beneath the paint the blurred outline of a man's head. The discovery tended to confirm the tale that Seurat had painted it over after a friend...
...after the Chicago Institute announced its discovery, the Courtauld Institute announced in London that it had found an answer to an older puzzle. Among the paintings owned by Queen Elizabeth is one attributed to Titian, titled Titian and Friend. For generations scholars have been troubled by the disturbing blank area at the right of the painting. Placing it under X ray, the London institute discovered a long-suspected third figure, a man younger than the others. Experts have guessed that Titian's first friend was Venetian Grand Chancellor Andrea dei Franceschi, but Friend No. 2, and the reasons...
...took a double first in modern languages and history, then was elected a fellow of Corpus Christi. A fellow student was Sydney Courtauld, only daughter of the late textile millionaire and art collector Samuel Courtauld. Dark, handsome, intensely -interested in politics, she was attracted by Rab's intelligence and drive. In 1926 they were married. His wife brought Rab wealth, entree into the famous Tory homes of Mayfair, and, eventually, a constituency-Saffron Walden in Essex County, where Courtauld had a country house in which the Butlers now live. From there, in 1929, Rab was elected to Parliament...
...Butler, the able and coldly aloof Chancellor of the Exchequer. So-called theoretician of the Tory Party, Rab Butler was born in India, the son of a British civil servant, became a Cambridge don after chalking up a brilliant scholastic record there, married the heiress of the wealthy Courtauld textile empire, entered Parliament at 26. He has built up a strong party following among the younger, more liberal Conservatives, acquired impressive public backing with his two austerity-relaxing budgets and his emphasis on "trade, not aid" as the road to recovery...