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...Roland Harriman, 54, son of the late Railroad Builder E. H. Harriman, younger brother of Presidential Adviser Averell Harriman, was named president of the American Red Cross, succeeding General George C. Marshall, who will resign Dec. 1. A partner in his family's Wall Street banking firm (Brown Bros., Harriman), Yaleman ('17) Harriman is chairman of the board of Union Pacific Railroad, directed the 1949 Red Cross fund campaign...
There was a bright side, too. Credit Man William Murray of Chicago's Goldblatt Bros., Inc. department store, whose sales were off 20%, thought his business would actually be better because he would not have to repossess so many items. "Believe me," said he, "when a buyer has to put $100 down on a $400 item, he's going to make those payments." Furthermore, Murray, and many another retailer, thought that customers would be coming back again as soon as they got used to bigger installment payments...
...nearly six years on the radio, United Fruit Co.'s Chiquita Banana has admonished millions of U.S. citizens never to "put bananas in the refrigerator." Last week, Brooklyn's Piel Bros, brewing company was cashing in on Chiquita's success. Thirty-five times a week, in singing commercials, Piel's carols...
Ever since RKO laid down $150,000 for Producer Jerry (Johnny Belinda) Wald's Warner Bros, contract last June, Hollywood had been expecting something supercolossal out of the deal. Stretched out over two months, the negotiations between RKO's Howard Hughes and the producing team of Wald and Norman (The Big Hangover) Krasna kept Hollywood gossips atwitter with speculation. Last week, when RKO finally announced its big deal, the effect was almost as shattering as advertised...
Charles Luckman, who has been taking things easy since his departure from Lever Bros. (TIME, Jan. 30), went back to work last week. Still young (41) and ambitious, Chuck Luckman and Los Angeles Architect William Pereira formed a 50-50 partnership. Luckman graduated (University of Illinois '31) as an architect, though he went into the soap business shortly afterward; Pereira is an old friend and college classmate. The firm, specializing in commercial and institutional structures, has $25 million in business on hand...