PERSONNEL: Changes of the Week, Jun. 1, 1959

¶ Harold S. Geneen, 49, resigned as executive vice president of Raytheon Co. to become president and chief executive officer of International Telephone & Telegraph Corp., succeeding Edmond H.

Leavey, who will serve as chairman until his retirement in July. Geneen's resignation came as a surprise to Raytheon President Charles Francis Adams and a shock to Wall Street. Geneen simply walked into Adams' office and announced: "I'm resigning." Company insiders say Geneen wanted Adams' spot as chief executive, realized that Adams was not about to yield. Geneen's resignation sent Raytheon's stock down...

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