Personnel

Last week the following were news:

P:When they are in Detroit, where they live in millions of dollars worth of houses and at least $1,000,000 worth of yachts, the Fisher Brothers lunch together daily. No outsider is ever admitted to these secret family councils. Last week, however, a break occurred in what, except for their brotherhood, is their most conspicuous bond--General Motors. Fred, the eldest, the richest, and the spokesman for the other six Fishers, and Charles suddenly resigned from GM to spend more time on their personal business. That left four Fishers to build the bodies and watch over the vast Fisher investment in the biggest U. S. motor company. (Brother Howard, 34, baby of the family, works for Fisher & Co., the family holding company which is supposed to hold between $100,000,000 and $500,000,000.) Having sold the automobile industry the idea of closed models instead of open, the Fishers then sold their great body plant to GM in 1926, receiving some $200,000,000 in GM stock and a voice in the management second only to E. I. du Pont de Nemours & Co. Du Pont owns 23% of GM's common stock and any outward sign of management ructions is always attributed to a clash between the du Ponts and the Fishers--usually with a sly reference to the fact that the Fishers backed Hoover in 1928 and the du Ponts backed Smith. That a polite tussle for the GM reins has been going on for months is no secret. But just what connection that had with the withdrawal by Fishers last week, no one who knew would say.

P:Last week three onetime Fierce-Arrow executives made news. It was revealed that Robert Henry ("Roy--') Faulkner, onetime vice president in charge of sales, had received an option on 5,000 shares of Auburn stock when he became Auburn's president (TIME, Sept. 3). Advertising Director William M. Baldwin and Assistant General Sales Manager Kenneth Strachan opened their own advertising firm--Baldwin & Strachan--in Buffalo.

P: To be governor of the new Central Bank of Canada, Premier Bennett last week appointed one of the youngest bankers in the Dominion, Graham Ford Towers, 37, assistant to the general manager of the Royal Bank of Canada.

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