Business: Smart Son

Few know that, Charles Edison, 36, smart son of smart Inventor Thomas Alva Edison, 79, by his second wife, has long been chairman of the directorate of many a company which his father organized. Father Edison has been a director of these same firms, and always their president. But their officers have been purely nominal, for Son Edison has been the chief operating executive. Last week they had traded titles—henceforth, President Charles, Chairman Thomas Alva. Announced their Vice President R. H. Allen: "From now on Thomas A. Edison will more and more pass his time working in his laboratory and will relinquish more and more the administrative duties to his son."

Quotes of the Day »

Get & Share
HILLARY CLINTON, saying in an interview on Sunday's "Meet the Press" that she'd be open to meeting with Sarah Palin, former Alaska Governor, whose book on the 2008 presidential campaign comes out this week
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.

Time.com on Digg

POWERED BY digg

Quotes of the Day »

Get & Share
HILLARY CLINTON, saying in an interview on Sunday's "Meet the Press" that she'd be open to meeting with Sarah Palin, former Alaska Governor, whose book on the 2008 presidential campaign comes out this week

Stay Connected with TIME.com