¶ Mrs. Josephine Bay, 58, largest stockholder in American Export Lines and chief of its executive committee, was named chairman of the board, succeeding Joseph A. Thomas, 52, who resigned. Widow of Financier-Diplomat Charles Ulrick Bay, Josephine Bay took over the business affairs of her husband after his death in 1955, became the first woman to reach a top Wall Street post when she became president and chairman of A. M. Kidder & Co., Inc. Now married to Oilman C. Michael Paul, who succeeds her as executive committee chief, she is the first woman to hold a major post in...
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