A Geologist Gets A Job

To coordinate its sprawling empire of 270-odd subsidiaries and affiliates, Standard Oil Co. (NJ.) last week named a new president: big (6 ft., 185 Ibs.), ruddy-faced Eugene Holman, 49, onetime Texas geologist. President Holman replaced Ralph W. Gallagher (TIME, June 5) who moved on up to the company's chairmanship.

The first geologist ever to be a Standard president, Eugene Holman made his most notable claim to the public's attention in April, when he calmly contradicted Oil Boss Harold Ickes' shrill predictions of an oil famine. Said Eugene Holman: If U.S. business has vigor, vision and a cooperative Government, the nation's oil should last for 1,000 years or more.

The Holman salary: "$100,000--I think. It doesn't make much difference these days. You keep so little of it."*

* Of $100,000 Mr. Holman would get, after taxes, $37,000, of his $20,000 raise will keep less than $4,000.

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