Business & Finance: New Pilot

Wall Street Investment Banker Paul V. Shields moved into full control of huge Curtiss-Wright Corp. Shields, who had helped the corporation with its financing, was invited in by the directors last December to reorganize the management. President William C. Jordan disagreed with Shields’s plan to go outside the aeronautical field to get new business; the company had not done too well making non-aeronautical products. Last week both Jordan and Chairman Guy W. Vaughan, who had stepped out of the presidency when Jordan stepped in, left the company. Shields began shopping for a new president—and new business.