Word: veep
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...nodding acquaintance with Pepsi-Cola as a member of a New York law firm which handled Pepsi's business, did so well that in 1949 he went over full time. Put in charge of all concessions, Barnet hit the spot, and within a year was twice promoted to veep in charge of national sales, then to vice president in charge of domestic operations. In 1954 he became executive vice president. Under Steele and Barnet, Pepsi's earnings have risen from $1,618,744 m 1950 (when Steele took over...
Joseph C. Kracht, 50, was named vice president and retail manager of Montgomery Ward (starting Aug. 1), the company's first retail veep in three years. A native New Yorker and Columbia University graduate, Kracht spent 13 years with Ward, then quit in 1950 to become a vice president at W. R. Grace & Co. and then to the same spot with Fedway Stores, a subsidiary of Federated Department Stores...
...here until I'm six feet under," Sewell Avery once confided to a Montgomery Ward vice president in the dazzling interval of friendship before Board Chairman Avery inevitably fired the veep for "disloyalty." To keep his tight control of the mammoth retail company for 24 years, Avery fired dozens of other executives he suspected of undermining him. Last week the plot that Avery always imagined actually happened. He was forced to resign under pressure of a palace revolution led by a majority of his own board of directors. On hearing the news, Wall Street showed how it felt about...
...Democratic Senator Alben Barkley rose to make his first speech since he returned to the Senate this year. In five minutes, Barkley made his point clear: These "petty, extraneous" provisions were so special that they would be resented by the folks back home. Having high respect for the Veep's political sagacity, the Senate hurriedly wiped out the provisions for the $1,250 account and five trips home...
...Kentucky's Alben W. Barkley, speaking to Louisville cost accountants, had a mild word of protest about the subject assigned to him. Said the ex-Veep: "Frankly, I'm unable to understand why you asked me to talk on the cost of Government. I haven't cost the Government anything in nearly two years...