First of the Year

After Montgomery Ward & Co.'s terrible-tempered Sewell Avery cleaned out all his executives last April, he appointed eight brand-new vice presidents whom he called "capable, high-grade men . . . who have proven themselves." Then he pronounced himself "completely satisfied." Last week, no longer satisfied, Chairman

A very began the New Year by lopping off the vice-presidential head of Morris Ginsburg, 45, head of Ward's Manhattan office, because of "noncompliance with company rules and policies."

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