New Chief for C.E.D.

As a socially-conscious businessman, Georgia-born Marion Bayard Folsom, 56, has spent almost as much time in Washington, B.C. during the past 15 years as he has at his treasurer's desk in the $380 million Eastman Kodak Co. This week Folsom takes on another civic chore: the chairmanship of the businessman's Committee for Economic Development, succeeding West Coast Banker W. Walter Williams, 56, who wants to run for U.S. Senator from Washington.

Marion Folsom has been a sparkplug of C.E.D. since it was first organized in 1942. He helped lay the groundwork for the Social Security Act of 1935, has made Eastman Kodak's pension and profit-sharing plans so successful that they are imitated by many other U.S. companies. He has also urged that Social Security be expanded to cover everyone and that benefits be raised.

As chairman of C.E.D., Folsom will campaign for an ever-expanding U.S. economy. Explained he last week: "We want to find a way to continue to raise real wages, to increase American productivity and make more of these products available to workmen for their wages."

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