- Great American Business Leaders of the Twentieth Century
Jack I. Straus
Macy (R. H.) and Company
1940 - 1956
Retail
| Military Service | Army |
|---|
b. 1900
| Education |  |
|---|---|
| Undergraduate | Harvard University |
| Personal | |
|---|---|
| Born-Died | 1900 - 1985 |
| Birthplace | New York (NY) |
| Race | White |
| Father | Head, Same Company |
Having joined the company immediately after graduation from college, Jack Straus was the driving force behind Macy’s expansion in the mid-1900s. In addition to expanding the stores through numerous acquisitions, he adjusted the company’s cash-only policy to allow for credit lines and instituted the company’s first employee retirement program. During Straus’ tenure, stores grew from 4 to 56.