MANAGEMENT
Six Aerospace Companies Report Officers’ Compensations to Sec
Washington—Following is a list of aerospace industry directors and officers with 1962 salaries above $30,000, and their stockholdings, as they were reported to the SEC: Grumman Aircraft Engineering Corp.— L. R. Grumman, chairman of the board, $65,400 salary, $13,304 from employees’ retirement system, 100,000 shares of common stock; E. C. Towl, president and director, $82,167 salary, 7,900 shares of common stock; W. T. Schwendler, director and chairman of the executive committee, $74,667 salary, 45,200 shares of common stock; A. P. Loening, director, 12,500 shares of common stock; E. W. Poor, director and treasurer, 24,090 shares of common stock; C. A. Wight, director, 1,000 shares of common stock; J. L. Collyer, director, 100 shares of common stock.