Resignation of Kresge Ends Era at Dime-Store Giant
Sebastian S. Kresge, 98, founder of the U.S. Kresge Co., resigns as chairman and trustee of the Kresge Foundation after building a $200 million fortune from a Detroit dime-store to a nationwide merchandising empire. H. B. Cunningham remains president and CEO. Kresge Foundation net worth about $175 million.
MENTIONED IN THIS ARTICLE
Detroit
Sebastian
Kresge
United States
Canada
Puerto Rico
S. Kresge Co
H.B. Cunningham
New York Stock Exchange
John G. McCrory
Memphis
Tenn
McCrory
McCrory Corp
U.S
Mountainhome
Housing regulations critique by Tate at Atlantic City meeting
Mayor James H. Tate of Philadelphia blasted federal housing officials for focusing on regulation and finances over human needs during the Middle Atlantic Regional Council session in Atlantic City. He cited a $5,000 substandard housing rehab proposal stuck in Washington. Former Gov. David Lawrence urged clear terms and practical programs. Mayor Alexander J. Jaffurs blamed Republican resistance to grants as public housing remains contentious amid winter crop notes from Florida and California.
MENTIONED IN THIS ARTICLE
Atlantic City
James H. J. Tate
Philadelphia
Middle Atlantic
Washington
Tate
Pennsylvania
David Lawrence
Lawrence
Committee On Equal Opportunity In Housing
Alexander J. Jaffurs
Wilkinsburg
Pittsburgh
Jaffurs
Jaffars
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UE A
American Airlines
California
Hollywood- Roosevelt Hotel
Polaroid
S&h
Eveready Batteries
Ena
Aimit
Thrift
Doans
Alberto
Mery
Terry Kitchen
Marlox Liquid
Polident Denture
Clairol
Gare
Gillette
TON
Keapsit
Bufferin
KOTEX
Bisodol
Thrift Drug Stores
Dependable
Philadelphia Street
Indiana, PA
Ink Tate
Florida