Executives: To the Letter

As president of the New York Stock Exchange for 15 years, G. Keith Funston always insisted that Big Board corporations promptly report significant changes in management. Living up to the letter of that rule last week was the Olin Mathieson Chemical Corp., whose messengers appeared promptly and simultaneously at wire services, publications and TV networks to pass the word that the company's new chairman would be none other than G. Keith Funston, 56, who is retiring from the Exchange when his present contract runs out in September.

The job is not likely...

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