With the stunning suddenness of a TV-show cancellation, the management of Columbia Broadcasting System, Inc., last week reached over the heads of at least two front-running executives to choose a president from outside. The new man is Charles T. Ireland Jr., 50, a Yale-trained lawyer and a senior vice president of ITT, the multibillion-dollar conglomerate. Ireland will rank third at CBS, after Chairman William S. Paley and Frank Stanton, who shifts from president to vice chairman. Stanton will retire in 1973, when Ireland will presumably move up to No. 2.
Why did CBS...
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