∙ Executives have been cut down like cornstalks lately at J. I. Case Co., Wisconsin's debt-ridden farm-implement manufacturer, which has lost two presidents and $72 million in the past two years. Last week, after a nine-month talent hunt, the board (and worried bankers) picked a new president: Merritt D. Hill, 59, who showed rare energy and chilly efficiency in building Ford's tractor division from a one-horse producer of utility tractors to a full-line implement manufacturer before retiring as a Ford vice president this month. His job now is to wipe out Case's $118 million bank debt, shine up a corporate...
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