Tuesday, September 22, 2009

a strong executive officer

Pireus Row from Moore's Creek

The group discovered that "this condition of affairs has worked serious injury to the mill." They feared worse troubles would develop if the situation were not altered. Friction between Valentine and Marchant had existed from the first, the committee reported, and the trouble was caused by petty jealousy. The upshot of the investigation was the resignation of Valentine in November, 1917, although he was not censured in the report.

Shortly afterward, the board took two steps which finally brought in a strong executive officer and materially altered the nature of the management. First, the offices of president and general manager, so long held by Henry Marchant were separated. The presidency was shorn of all real power and the "entire charge of the affairs of the Mill and its employees" was placed in the hands of the general manager, subject of course to the desires of the board. Second, the company for the first time went outside its ranks to get its chief executive officer.--Harry Poindexter



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