CORPORATIONS: Copper Captain

Most companies are ready with a replacement when the top man dies. But Kennecott Copper Corp., largest U.S. copper producer, was a special case. Two years ago its president, E. T. Stannard, and his successor were both killed in an airplane crash (TIME, Sept. 19, 1949).

For their new president, Kennecott directors took a chance on a man who knew nothing about copper. He was Charles Raymond Cox, 60, a rough & ready dynamo who had spent most of his life in the steel business, risen to boss U.S. Steel's largest subsidiary, Carnegie-Illinois....

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