In Manhattan, directors of American Telephone & Telegraph Co. gathered at their routine monthly meeting last week for a duty that was far from routine. They elected a new president, Leroy A. Wilson,* 47, to run the largest business enterprise in the world. Walter Sherman Gifford, 63, who has headed the company for 23 years, moved up into the vacant board chairmanship.
The change, said new President Wilson, took him "completely by surprise." Just as surprised was the business world outside A.T. &T. Beyond his own vast company, lean, friendly Leroy August Wilson...
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