New Chief for C.E.D.

As a socially-conscious businessman, Georgia-born Marion Bayard Folsom, 56, has spent almost as much time in Washington, B.C. during the past 15 years as he has at his treasurer's desk in the $380 million Eastman Kodak Co. This week Folsom takes on another civic chore: the chairmanship of the businessman's Committee for Economic Development, succeeding West Coast Banker W. Walter Williams, 56, who wants to run for U.S. Senator from Washington.

Marion Folsom has been a sparkplug of C.E.D. since it was first organized in 1942. He helped lay the groundwork for the Social Security Act of 1935, has made...

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