Business: Heir Apparent?

A jolly giant comes to CBS

Just two weeks after sacking his last heir apparent, CBS's founder and chairman, William Paley, has found yet another — the fifth CBS president in ten years and the third in less than four years. Paley's newest anointed: Thomas H. Wyman, vice chairman of Pillsbury Co. The new chief executive was wooed by a deal that sounded like the signing of a major league pitching star — a $1 million bonus plus a three-year contract for $800,000 annually.

Wyman, 50, has spent a nervous career waiting for several top...

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