When Lester Lum Colbert (TIME, Jan. 29) became president of the Chrysler Corp. last year, many of the company's top brass were pushing the retirement age (65). "Don't worry," said 46-year-old "Tex" Colbert, "we'll have plenty of able replacements." Last week President
Colbert trotted out the stars of his new, younger team. Among them: ¶ William C. Newberg, 40, new president of the Dodge Division (succeeding Colbert). Newberg came to the company right out of the University of Washington ('33), moved up from the road-testing department into engineering. A Colbert protégé,...
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