PERSONNEL: Room at the Top

At Columbia University Joseph Peter Grace and David Stewart Iglehart were inseparable friends. When they graduated in 1894, both went to work for Grace's father, William R. Grace, founder of W. R. Grace & Co. They climbed to the top of the company together. Last week, after 51 years, both retired—Joseph Grace, 73, as board chairman, Stewart Iglehart, 72, from the presidency.

In as president went Yaleman Joseph P. Grace Jr., who started working in the family business as a $30-a-week clerk in 1936. He had been acting president for eight months.

Other new faces in new jobs:

Sam H. Husbands, 55, director...

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