 He reorganized the company, changing its internal culture to introduce central control and planning, and diversified it to create a conglomerate, acquiring both the Dean Witter Reynolds brokerage firm and the Coldwell Banker real estate agency in the same week, and in the last year of his tenure launching the Discover card.He received honorary Doctor of Law degrees from Illinois Wesleyan University in 1978 and from St. Norbert College in 1985.He served on the boards of companies including American Can, Philadelphia National Bank, Illinois Tool Works, Kraft, Cox Enterprises and Premark International.