RESTAURANTS: New Chef at Childs

At Childs, one of the largest U.S. restaurant chains, the mashed potatoes and the balance sheets have been equally soggy. Last week, Childs had a new chef who should be able to whip up both. Into its presidency went John L. Hennessy, 62, a white-haired, genial gourmet with a nice hand at serving up profits.

Only a few weeks ago Hennessy, who has taken just three vacations in 48 years of hard work, announced that he would retire as the $85,000-a-year chairman of the Hotels Statler Co., Inc. Ever since, he has been worrying about what to do with his...

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