Changes of the Week

P: Thomas E. Stakem Jr., 48, a career civil service man, was picked by President Eisenhower for a $15,000-a-year seat on the three-man Federal Maritime Board, regulator of merchant shipping routes and subsidies. He succeeds Joseph G. Minetti, who was appointed to the Civil Aeronautics Board. The first Government career man ever to serve on the maritime unit, Stakem worked his way through college and law school in Washington, D.C. as a $900-a-year clerk in the U.S. Patent Office. He joined the FBI in 1934, quit nine years later to head investigations of skulduggery in World War II shipbuilding and postwar surplus-ship sales, saw his work culminate in heavy fines against Greek Tycoon Aristotle Socrates Onassis and others. In 1951 he became the top-ranking career man in the Maritime Administration, with the title assistant deputy administrator.

P: James Crane Kellogg III. 40, senior partner in Spear, Leeds & Kellogg, biggest firm of Stock Exchange specialists, was nominated to be chairman of the New York Stock Exchange. Almost certain to be elected next month, he will succeed Harold W. Scott, who is resigning because the job (principal duty: liaison between the Board of Governors and the permanent staff under President Keith Funston) takes too much time from his business activities. Kellogg went to Williams College for two years, quit at the age of 19 to start in Wall Street as a runner. He moved onto the stock exchange's trading floor as a telephone clerk and, in 1936, borrowed $125,000 from friends to buy a seat on the Exchange. He became a broker for the odd-lot firm of Carlisle, Mellick & Co. (now Carlisle &Jacquelin), and in 1945 became a partner in Spear & Leeds. He was elected a Big Board governor in 1950.

P: Archibald E. King, 51, moved from executive vice president to president of Isthmian Lines Inc., descendant of the old Isthmian Steamship Co. Moving on from president to board chairman is Glenn B. Davis, 64, retired Navy vice admiral who joined the company in 1953. King, a veteran shipping executive, began his career in 1919, while still in high school, as a traffic clerk for Norton, Lilly & Co. He went to New York University, joined Isthmian in 1934 as assistant traffic manager. He moved up fast, became vice president in 1947 and executive vice president five years later.

P: Charles Edward ("Electric Charlie") Wilson, 69, former General Electric Co. president, and wartime defense mobilizer, announced that he will retire next month as board chairman of W. R. Grace & Co. He became a director of Grace in 1952, chairman last year.

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