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Business: Personnel: Jun. 29, 1931
During the past fortnight the following changes were news: William Fox, onetime cinemagnate (1906-30), was dropped from the board of Fox Film Corp., now Chase-dominated. By contract he retains a $500,000-a-year salary until 1935. A new Fox director whose election was a surprise was David K. Este Bruce, son-in-law of Andrew William Mellon. George Mallory Pynchon, senior partner of defunct Pynchon & Co—took a salaried job with Potter 6 Co., members of the New York Stock Exchange. Nathan S. Jonas, founder of Manufacturers Trust Co., Manhattan, chairman of its board of directors, resigned. This had been rumored ever since Harvey Dow Gibson & associates bought control of Manufacturers from Goldman Sachs Trading Corp. (TIME, Jan. 12).
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