CBS without William S. Paley? Archie Bunker should sooner be sans scowl, Kojak minus his shiny pate. True, last week the company's founder and guiding presence did say, as he promised last fall, that he would step down as chief executive officer May 11. Paley also named his successor: John David Backe, CBS's president, whom the chairman installed in October after firing Arthur R. Taylor (TIME, Oct. 25). But Paley will remain chairman and will still hold 6% of CBS's stock. He took care to tell shareholders at the annual meeting in...

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