¶ Board Chairman Frank Abrams of the Standard Oil Co. (N.J.), a man who thinks it is high time that U.S. corporations give their share to U.S. higher education, announced that a new Council for Financial Aid to Education had been formed to do some persuading. The council, he thought, would get a good reception from business. Its members: former Chairman Irving Olds of U.S. Steel, Chairman Alfred P. Sloan Jr. of General Motors, Chairman Walter Paepcke of the Container Corp., Chairman Henning W. Prentis Jr. of Armstrong Cork, Frank Abrams.
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