Tuck School
GEORGE WOODWORTH Has resigned as Professor of Finance to become Professor of Banking and Investments at the University of Michigan's School of Business Administration. He assumes his new duties in September. Happy as we are for him that he can step into one of the leading finance professorships in the country, at the same time we find it difficult, as we are sure you do, to accept the fact that he is leaving.
Whatever prestige Tuck may enjoy is due in considerable part to the high standards that have guided all of Woody's efforts here during the past 22 years and that he has insisted the School attempt to maintain. His solid contribution to financial education and his devotion to his job have earned for him the respect and affection of students and colleagues alike. We wish him the best of success in his new position. We know he will have it!
Harry Duncombe, Professor of Business Statistics, is currently Division Economist of the Industrial Materials and Manufactured Goods Division of the Office of Price Stabilization. The Division includes four branches—Building Construction, Industrial Machinery, Metals and Automobiles. While we're delighted to have such individuals as Harry in responsible positions in Washington, we're equally delighted that he will be operating once more at the old stand in Hanover come next fall.
Professor Frey has been asked to serve on the national jury to select biennially recipients of the Paul D. Converse awards for outstanding contributions to the development of theory and science in marketing. The Central Illinois Chapter of the American Marketing Association administers the awards for the Association.
Tuckmen at Macy'.s have been climbing re-cently—Me/ Aronson T'so, assistant buyer for toys, directly under the senior buyer of the department, is responsible for purchasing 50 per cent of the toy department stock; LarryFarley T'47 is now buyer in hardware, garden supplies and associated hard goods; Walt Lindenthal'sl is assistant buyer for boys' furnishings, with responsibility for purchasing about 50 per cent of the stock.
if. Dick Echikson T'sl has moved on to Hamilton Air Force Base (Hamilton, Calif.) where he is assigned to the Auditor General, Department of the Air Force; Ken Clark T 51 and Jay Buck '5O are similarly engaged at San Antonio. Cliff Porter T'37 has been made a partner in Cahill, Gordon, Zachry & Reindel. Bennie Benjamin T'47 now with Superior Separator Company, Hopkins, Minn., in the capacity of Budget Supervisor. Nock Wallis T'2o is receiving his due of congratulations on being elected a Director of the Dennison Manufacturing Cos.; Herb Ray T'sl finished his Intern Training Program in January and is now extremely happy in his job in the Field Activities' Industrial Relations Division of the Bureau of Ships, at Washington. AI Stillman T'2l has been elected President of Whipple Brothers, Pennsylvania and New York lumber firm, and President of the Grange National Bank of his home town, Laceyville, Pa. BobCrabb T'3B is now a partner with Larry Smith & Cos., real estate consultants in Seattle.
Bob Tepper T'42 passed through Hanover on a brief skiing expedition recently; he reports sales this year to date in his Asbury Park store are exceeding last year's, an accomplishment the majority of stores can't claim. BillThompson T'26 was also a recent visitor in his capacity of alumnus high chief for his fraternity.
The mimeograph department has been moved into one of the old ping pong rooms in the basement, making for a much more efficient operation. Much of the interior of the School has received a fresh coat of paint.
The pre-admission procedure has been revamped with benefit both to the School and to applicants. Professor Burleigh convened all the hopefuls at an early March get-acquainted meeting, at which they were asked to sign up for specific appointments for interviews during the ensuing three weeks. Photostats of the academic record of each man were obtained prior to the interviews, which were conducted by three teams of two faculty members. The new system saved time for all concerned and resulted in much more satisfactory interviews.
Outside speakers have included G. A. Renard, Secretary Treasurer of the National Association of Purchasing Agents; J. K. Lasser, J. K. Lasser & Cos., N. Y.; Hugh Harley '37, organizer for the United Electrical Radio & Machine Workers of America; Carl A. Gray, President, Granby Manufacturing Cos., Plainville, Conn.; William Gomberg, Director International Ladies Garment Workers Union; F. Ray Adams T'2o, President, j. T. Slack Corp., Springfield, Vt.; William H. Lang, Assistant Treasurer, United States Steel Corp.; Olin D. Gay, Cavendish, Vt.; Harry C. Mills, Assistant Merchandise Manager, J. C. Penney Cos.; Watson Bagloe, Serry's, Hanover; DavidL. Fox T'37, Director of Research, McKinsey & Cos., New York; Samuel N. Dix T'4o, Assistant to Chief Industrial Engineer in charge of Work Measurement, General Foods; and PaulW. Dickson T'3B, Research Associate, National Industrial Conference Board. The last three speakers participated in a very interesting panel session in the General Management class.
The New York and Boston Branches of the Clearing House held their annual meetings in April with large attendance in both cases. ArtBoardman T'32 and Dave Donaldson T'46 piloted the New York affair at which the speakers were Walter Maggiola, General Counsel, Federal Mediation and Conciliation Service, Washington, D. C. and Acting Dean Burleigh. Mr. Maggiola spoke on "The Role of Mediation in Our Defense Economy," while Nat Burleigh brought news of Tuck and Hanover. Officers elected for next year were: Manager, Sam Dix T'4o and Malcolm McLoud T'47, Secretary.
Ben Stacey T'3o and Harris Richardson T'42 brought out a record 72 attendance to the Boston meeting. Harvey Hood 'lB discussed the activities and plans of the Tuck Board of Overseers; Art Bright T'4o told of the work of the Committee for New England; and Nat Burleigh again reviewed Hanover goings-on. Officers elected for the 1952-53 year were: Manager, Wes Beattie T'34; and Secretary, Charlie Brown T'42.
