PERSONNEL: Changes of the Week, Dec. 26, 1955

¶ Edward Vernon Rickenbacker, who 20 years ago took over sick little Eastern Air Lines (some 20 planes) and made it the industry's most consistent moneymaker (profits for 1955's first half: $4,200,000), signed up for another ten years as Eastern's chairman and general manager. Since he had reached retirement age (65) two months ago, Captain Eddie could have stepped out and collected about $30,000 yearly in pension and consultant's fee. But Eastern is well into the biggest expansion program in its history ($350 million for fleets of new piston, turboprop and jet...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!