who was time magazine's first man of the year

They wanted to emphasize brevity, so that a busy man could read it in an hour. They first called the proposed magazine Facts. The two had previously worked together as chairman and managing editor respectively of the Yale Daily News. Time magazine was created in 1923 by Briton Hadden and Henry Luce, making it the first weekly news magazine in the United States. The first issue of Time (March 3, 1923), featuring Speaker Joseph G. Richard Stengel has been the managing editor since May 2006. Time has the world's largest circulation for a weekly news magazine, and has a readership of 25 million, 20 million of which are in the US. In December 2008, Time discontinued publishing a Canadian advertiser edition. The South Pacific edition, covering Australia, New Zealand and the Pacific Islands, is based in Sydney. An Asian edition ( Time Asia) is based in Hong Kong. A European edition ( Time Europe, formerly known as Time Atlantic) is published in London and also covers the Middle East, Africa and, since 2003, Latin America. It was founded in 1923 and for decades dominated by Henry Luce, who built a highly profitable stable of magazines. Time (often written in all-caps as TIME) is an American weekly news magazine published in New York City.

Who was time magazine's first man of the year