Among the king-sized jobs in industry, there was a shifting of royal robes last week:

¶ Walter S. Mack Jr., who was eased upstairs to the chairmanship of Pepsi-Cola Co. only six months ago, and who had hoped to get the G.O.P. nomination for mayor of New York, decided that there was too little left for him to do around Pepsi. He resigned to "conquer new fields." Pepsi will continue to be run by Alfred N. Steele, 49, a onetime Coca-Cola vice president who succeeded Mack in the presidency.

¶ Roly-poly Maurice Newlin Trainer,...

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