PERSONAL FILE

sb "We have avoided the frills and any route acquisitions for the sake of bigness alone," says ex-Pilot Robert English Peach, 41, president of fast-rising Mohawk Airlines, which puddle-jumps between the East Coast and the Great Lakes. With that formula and reliable service, Peach has lifted Mohawk's revenues from last year's $10 million to this year's rate of $15 million, and now he thinks the line is ready for calculated growth. Last week, in a complex deal that would make Mohawk the nation's eighth biggest air carrier, Peach proposed to absorb the planes and key routes of low-skimming Northeast Airlines. If Northeast and the Government approve, Northeast's southern routes would go to competing Eastern and National, while the three buyers would pay Northeast $23 million worth of stock, warrants and notes.

sb When directors of troubled Chrysler Corp. tapped Lynn Townsend, 42, as president (TIME, Aug. 4), they gave him only one-third of the corporate power. Last week the other two-thirds was given to Executive Committee Chairman George Hutchinson Love, 61, who, as chairman of Pittsburgh's Consolidation Coal Co., is also the nation's biggest coalman. Chrysler's directors turned to Love because he is a proven comeback champion (his Consolidation is highly profitable despite the slump in coal). New Chairman Love will make policy and wield virtually the same powers as did former Chairman Lester Lum Colbert; Townsend will boss day-to-day operations, much as did former President William Newberg.

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