Changes of the Week

P:Dwight P. Robinson Jr., 53, moved up to chairman of the board of trustees of Massachusetts Investors Trust, oldest and biggest open-end investment trust. Robinson set up the trust's research department, became a trustee in 1937, vice chairman of the board in 1950. He replaces Harvardman ('07) Merrill Griswold, who retired to the newly created part-time job of chairman of the advisory board. While Griswold was chairman, the investment trust idea grew so fast that M.I.T.'s assets swelled from $13.6 million to more than $500 million.

P:Frank Abrams, 64, who worked his way up from a $75-a-month job as a draftsman for the Standard Oil Co. (New Jersey) to the $1500,000-a-year board chairmanship, announced his retirement. To avoid being "just another guy on the street," Abrams laid plans to keep busy by: 1) taking an assignment with the new Hoover Commission to streamline federal civil service. 2) helping to raise funds for colleges (he founded the Council for Financial Aid to Education).

P:Earl D. Johnson, 48, holdover Under Secretary of the Army, will retire to become head of the Air Transport Association of America, industry association of the scheduled airlines.

P:Paul J. Raver, longtime (14 years) boss of the Bonneville Power Administration, retired to become superintendent of Seattle City Light, municipally owned utility. Most likely bet to succeed him at Bonneville: William A. Pearl, professor of mechanical engineering at State College of Washington.

This file is automatically generated by a robot program, so reader's discretion is required.