Word: bros
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Glad Hand. American Export has steamed a long way from the depression days of 1935, when a syndicate headed by Manhattan's Lehman Bros, investment banking firm bought it lock, stock and whistle for a skimpy $1,500,000. Incoming Executive Vice President John Elliot Slater found the line loaded to the gunwales with mortgage debt, saw that one of its main assets was its European freight representative, John Francis Gehan. Bustling, ebullient "Jiggs" Gehan, known as "a man who does business with a handshake instead of a contract," found cargo for American Export ships in so many South...
...Younger brother of Massachusetts' Senator Henry Cabot Lodge, grandson of Senator Henry Cabot Lodge, descendant of early (1791-96) U.S. Senator George Cabot, who was spoken to by the Lowells, spoke to God, was a friend of Washington, an adviser to Hamilton. -A partner in Brown Bros. Harriman & Co. For news of another partner, see above...
...juiciest plums a young writer can pluck is the $10,000 Harper Bros, novel prize, won this year...
...Show. This time the British made sure that Lever Bros, would not be a one-man show as it had been under Chuck Luckman. In as chairman of the board with new President Babb went grey-thatched John M. Hancock, 67, Lehman Bros, partner, chairman of Chicago's Jewel Tea Co., crack corporate troubleshooter and longtime associate of Bernard Baruch. Franklin J. Lunding, 44, Jewel's president and a protégé of Hancock's who, according to gossip, had turned down the Lever presidency before it was offered to Babb, was made chairman of Lever...
Babb has no delusions about the toughness of his new job. He knows that Lever Bros., caught napping in the booming field of detergents, had also been demoralized by Luckman's ruthless head-chopping, and had slipped competitively far behind Procter & Gamble (TIME, May 8). Said Babb bravely: "Some people hate being in a tight spot. They like things to go well and to be confronted with no difficulties. I like things hard." Nobody doubted that he would find them that way at Lever Bros...