Changes of the Week

P:Roy H. Glover, 64, stepped into the board chairmanship of the Anaconda Copper Mining Co., the world's No. 2 copper producer (behind Kennecott), succeeding Cornelius F. Kelley (TIME, May 30). Glover got a law degree at the University of Oregon in 1915, served as a sergeant in World War I. In 1919 he hung out his shingle in Great Falls, Mont., representing among others Montana Power, Great Northern Railway, Anaconda. He joined Anaconda's legal department full time in 1943, and within eight years was general counsel and a vice president. Recently, Glover skillfully helped resolve thorny difficulties over taxes and exchange rates with Chile, where Anaconda mines Chuquicamata, the world's greatest single copper ore body, winning considerable financial relief for the company, and Chile's Order of Merit for himself. By company rule, Glover may serve four more years before reaching the compulsory retirement age of 68, can continue thereafter at the board's request.

P:Benjamin Coates, 37, was elected president of W. & J. Sloane, one of the nation's top quality-furniture chains, ousting W.E.S. Griswold Jr. in a family fight against the old management. John Sloane, 72-year-old grandson of the founder, also resigned as board chairman. The changes climaxed a three-year-long family fight over control of the 112-year-old company. Coates, a Philadelphia financier who married John Sloane's daughter in 1944, served on the board of the family firm, finally quit in 1951, convinced that W. & J. Sloane (which operates nine stores, from Beverly Hills, Calif, to Manhattan) was "throwing money away." Said Coates: "There's something wrong with a company that had sales [in 1954] of $23 million, a gross profit of $8,000,000, and netted only $205,000." (Sloane's stock has slumped from $54 a share in 1946 to $6 a share in January 1955.) Coates and a syndicate bought up 70% of the stock to win control.

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