PERSONNEL: Openings for Young Men

When is a top executive too old for his job? Inland Steel's 66-year-old Chairman Edward L. Ryerson, who holds directorships in five other companies, answered the question last week by resigning from one of them to open "opportunity for younger men." Ryerson, quitting the board of Chicago's Northern Trust Co., said his action was part of his plan for "gradual retirement" from his other directorships and finally from Inland.

"You hear it said," explained Ryerson, "that business needs the wisdom of older men ... It is desirable [when] the older man's judgment is...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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