Business: Personnel: Aug. 22, 1932
Last week the following was news: Charles Bronson Seger, chairman of Union Pacific R. R.'s executive committee, retired in favor of Fannin W. Charske, vice chairman of the committee, a position which will be abolished. William Martin Jeffers, vice president in charge of operations, was promoted to the new office of executive vice president, his old office eliminated. First shift in executive personnel since the election of William Averell Harriman as board chairman (TIME, July 25), it will save the road Mr. Seger's salary of $36,000 a year if the other salaries are continued. Mr. Charske received $54,000, Mr. Jeffers $31,500.
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