It was the annual meeting of Pan American Airways stockholders. Up rose Juan Terry Trippe. Pan Am had done well in the first five months of this year, said he cheerfully. It had grossed $27,500,000 against last year's $17,000,000. But in the future, said Juan Trippe smoothly, Pan Am would not have the services of two top officials: Thomas Alfred Morgan, board chairman of Sperry Corp. and former head of Pan Am's executive committee, and Samuel Sloan Colt, president of Manhattan's Bankers Trust Co. They had declined to stand for re-election as directors.
Juan Trippe did not explain why, but the...
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