AVIATION: Disputed Leader

Two months ago the University of Buffalo awarded its Chancellor's Medal to the president of Bell Aircraft Corp. with an impressive citation: "Lawrence Dale Bell. . . . You have won undisputed leadership in your chosen calling and have dignified Buffalo in the eyes of the world."

In the eyes of his stockholders, however, Larry Bell, 53, was not an undisputed leader. They had been satisfied with the way Founder Bell had built up the company from virtually nothing in 1935 into a major producer of war planes and equipment. They were pleased when it emerged into the postwar period...

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