Executives: Turns at the Top

EXECUTIVES At two very different companies, a pair of very different industrial pioneers have picked new men to guide their firms' futures. The new lineups formed as stormily at one company as they did smoothly at the other.

Fairchild Camera and Instrument has a chairman who would just as soon stay out of direct management. But, as Sherman M. Fairchild, 72, once said, "When things don't go well, I butt in."

Last fall the multimillionaire founder did just that when his firm, once the brightest of the glamour companies, began to lose money. Plunging...

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