PERSONNEL: Grace Steps Down

To Eugene Gifford Grace, life means competition. And in any kind of competition—from the baseball diamond to the steel mill—he likes to lead the team. For 41 of his 81 years. Gene Grace not only captained giant Bethlehem Steel Corp., but was often the industry's most articulate spokesman in its bouts with Big Labor and Government. Last week, seven months after suffering a stroke, Chairman Grace stepped down as chief executive of the company that he had molded into the nation's second-biggest producer of steel, and its biggest shipbuilder.

In tribute, Bethlehem Steel made Grace honorary chairman, and abolished the...

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