When Frederic Gallup Coburn succeeded Graham Bethune Grosvenor as president of The Aviation Corporation (TIME, April 28) word went about that other changes in high office would swiftly follow. Last week two such changes occurred. Quietly, C. S. Reed resigned as president of Avco's subsidiary Fairchild Aviation Corp. Precipitately, James Franklin Hamilton, president of the transport-managing subsidiary American Airways Inc. (TIME, Dec. 30), resigned from a reputed $100,000-a-year, three-year contract. Both vacant offices were then filled by Frederic Gallup Coburn.
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