[PEN-L:11246] re: Montgomery Ward bounces severence checks

[James Devine <jdevine@xxxxxxxxxxxxxxx>]

I wait with baited breath to see if MW bounces its checks to its creditors.

Lo the mighty have fallen! MW used to be one of the biggest retailers, back
when my grandfather was an executive there (early 1950s). An interesting
business biography would be one of MW's boss, S. L. Avery, who Pres. Truman
had dragged out of his office using bayonets. (He punished anyone who
abbreviated his name as I just did, for obvious reasons. He also fired my
grandpa.) Oh for the good old days (;-)), when industrial magnates had
personalities like Avery, Hearst, Henry Ford, Colonel McCormick of the
Chicago TRIBUNE (who tried to convince readers to convert to phonetic
spellings by using them in his newspaper, "frate" for "freight," etc.)
Nowadays it's just a bunch of suits, though they're just as mean.


in pen-l solidarity,

Jim Devine   jdevine@xxxxxxxxxxxxxxx
jim_devine@xxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ.
7900 Loyola Blvd., Los Angeles, CA 90045-8410 USA
310/338-2948 (daytime, during workweek); FAX: 310/338-1950
"It takes a busload of faith to get by." -- Lou Reed.