Word: ashli
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...flushed, this specially refined mineral oil and wastes go into a separator tank. There, urine and solids sink to the bottom, then are sent to a holding tank, where they are eventually burned in an almost pollution-free, 1200° F. incinerator that leaves a residue of sterile ash. The oil itself is filtered, chlorinated and returned odorless to the toilet tank to be used again. And again. Over a year, just 5% of the mineral oil is lost in the process...
...Organization is policy," says Roy Ash, former president of Litton Industries and new director of the Office of Management and Budget. Apparently Richard Nixon agrees. He has taken the advice of Ash and a council he headed that the Government should be reorganized to make it more responsive to presidential command. Though Congress failed to act on Nixon's larger plans-to merge six Cabinet departments into four-the President has gone right ahead and created a super-Cabinet by Executive order. The effort is receiving mixed reviews-as a laudable effort to streamline Government, or as a worrisome...
...task of making the reorganization work falls, appropriately, on Roy Ash, who will manage not only the federal budget but the entire Executive Branch. In this post, he ranks with the other big four of the super-Cabinet: H.R. Haldeman, White House chief of staff; Ehrlichman; Henry Kissinger; and George Shultz, Adviser for Economic Affairs. Whether Ash is the man to fill this awesome job has become a matter of debate. At issue in the first place is his management of Litton, whose profits fell from a lackluster $50 million in fiscal 1971 to only $1.1 million last year...
Wary. Of more concern is a possible conflict of interest, since Litton is presently at loggerheads with the Navy because of cost overruns amounting to $547 million. Last week a congressional hearing made the point that Ash had gone to the Pentagon in June to ask for a bail-out similar to Lockheed's Government-guaranteed loan. Ash argues that contracts are handled by the Navy, not by the OMB Director, but any contracts as big as Litton's are bound to affect the budget. If a proposal came up to bail out Litton, Ash would find himself...
...energy and inventiveness helped make Litton the pioneer in the conglomerate field. Thornton and Ash founded the company in 1953 with a $1.5 million loan. Today, though shaky, Litton is the 35th largest industrial company in the U.S. and the nation's eleventh largest defense contractor. But since the stock had dropped to 13¾ (it once was 120⅜), Ash's holdings in Litton are worth only $3,000,000; his total personal assets come to about $9,000,000. He announced last week that his Litton stock would be sold and the proceeds placed...