World Business: Personal File: Feb. 15, 1963

∙ As a pillar of the City of London's select financial clique and a graduate of Eton and Cambridge, Geoffrey Cecil Eley, 58, seemed a most unlikely candidate to outrage his peers by nationalizing a private steel company. Yet that, in effect, is what Eley did last week when Richard Thomas & Baldwins, Britain's only remaining nationalized steel company, won its fight to take over privately run Whitehead Iron & Steel. R.T.B.'s chairman for four years, Eley moved into action with government approval when the rival steel firm of Stewarts & Lloyds tried to take over Whitehead—a move that, if successful,...

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