Management: An Executive Peace Corps

When the International Executive Service Corps was organized last June as a sort of executives' Peace Corps, wits immediately dubbed it the "Paunch Corps." Last week the paunch began to show some punch. Elected formally to the $50,000-a-year full-time President's post that he has filled unofficially for five months: Frank Pace Jr., 52.

former Army Secretary and General Dynamics chief. Pace, who offered to accept a salary of only $36,000, flew off to the Far East to see what corps services are most urgently needed. Behind him, in new Manhattan offices, a 14-man Service Corps staff got busy at the job...

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