¶ Charles Thomas, 62, quit after two years as president and chief executive officer of Trans World Airlines, fourth largest U.S. airline. A onetime (1954-57) Secretary of the Navy, Thomas brought TWA back from the edge of failure. The year he took over, the line lost $1,764,000. Thomas revamped the management, clamped down on operating costs, rushed the new Boeing 7073 into service. Last year TWA earned $9,400,000, had the highest load factor in the industry. But like other TWA presidents (four since 1947), Thomas had his problems with Howard Hughes, 54, TWA's eccentric owner. Although Thomas once told friends...
PERSONNEL: Changes of the Week, Aug. 8, 1960
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