The nation's second largest life insurance company last week decided to wink at its own actuarial tables. To succeed retiring Carrol M. Shanks, 62, as president, the Prudential Insurance Co. (outranked only by Metropolitan Life) picked Executive Vice President Louis R. Menagh Jr., 68, a 46-year Prudential veteran who is already three years past the company's recommended retirement age. Menagh (rhymes with Lena) is a spry and active executive who attributes his good health to the fact that his mother lived to be 92, his father 89 (after retiring at 80for one week). His selection nonetheless came as a...
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