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And 1969 is when you were made C.E.O.
It was a progressive situation. It was not a problem in
1960; it became a problem in the mid-1960s, but I couldn't tell you
at what date he finally sort of lost control--but it was in the late
1960s, and there would be incident after incident at a company
dinner, or even in public events. And then he did get a little
stroke, and Hedley and I had to finally face it. I guess we had to
talk to the board, or at least some members of the board, but we
finally got him to resign as president and become chairman of the
Did that mean anything?
Well, it meant that he kept an office and that he could
have the facilities, and so on so on. It didn't have any line of
responsibility going with it. And the board, which had all along
questioned the advisability of no C.E.O., then insisted on there
being one. And I became C.E.O., a term that I've never liked either.
I never signed my letters C.E.O.
How did you sign them? Chairman of the Board?
Chairman. Chairman, period.
Do you remember any board members in particular feeling strongly
about that or pushing--
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