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1948 Horatio Alger Award Winner

Dorothy Shaver*

Lord & Taylor

"Be innovative and creative in your work and the rest will fall into place."

The granddaughter of a prominent Confederate officer of the Civil War, Dorothy Shaver was born in 1893, in Center Point, Arkansas. She graduated from high school in 1910 as salutatorian of her class. She attended the University of Arkansas at Fayetteville for two years, and then returned to her hometown to teach. She and four other single teachers were fired in 1914 for attending a dance. Shaver left Arkansas and settled in New York City. In 1921, Lord & Taylor hired her to head its Comparison Bureau. In 1924, she headed the Bureau of Stylists, which made Lord & Taylor the style-setter in the city. In 1937, she became first vice president. She was elected president in 1945, making her the first woman in the country to head a multi-million dollar firm. Lord & Taylor prospered under her direction and expanded into the suburbs. In 1946 and 1947, the Associated Press named her the outstanding woman in business.

* Deceased