Word: board
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Dates: during 1970-1979
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...head of Coca-Cola's European operations. He became president of the Atlanta-based firm in November 1971, at a time when Jimmy Carter was Governor of Georgia, but quit less than three years later because he wanted to go back to Houston. There he served as board chairman of an investment banking company, Rotan Mosle Financial Corp. until 1977, when he went to Washington. He works long hours at the office but occasionally escapes with his wife Anne, and sometimes their-two college-age children, to the family ranch in Wyoming...
...Schlesinger go. They cheered the firing of Treasury Secretary W. Michael Blumenthal, who has never lived down his brief willingness a year ago to allow the dollar to fall to its lowest levels ever. They applauded his replacement by G. William Miller, who as chairman of the Federal Reserve Board showed a tough-minded determination to protect the dollar by tightening up on money policy, even at the risk of slowing the U.S. economy. One high West German Finance Ministry official captured that view: "A bad Treasury Secretary has been replaced by a wise...
...Ministry officials demanded to know what was going on. Solomon could not provide inside information on what would happen next. Deprived of top-level advice, foreign money managers followed their instincts and bought some dollars to head off any major upset in the international exchange markets. The Federal Reserve Board also poured some $2 billion into the foreign exchanges to buy dollars, and at week's end the slide was stemmed. Still, in the past month the dollar has lost roughly 5% of its value against the West German mark, Swiss franc, French franc and British pound...
With the resignation of Treasury Secretary Michael Blumenthal and the shift of G. William Miller from the chairmanship of the Federal Reserve Board to Blumenthal's job at Treasury, the nation's first-string economic team has been radically altered. TIME Business Correspondent George Taber analyzes the prospective impact of these changes...
...last Tuesday. It was a cause of quiet celebration for the junta, four of whose five members had gathered at the home of Sergio Ramirez Mercado to await the news. With victory seemingly at hand, Nicaragua's new leaders prepared to board two private planes provided by the Costa Rican government. Their triumphant entry into Managua, they announced, would take place "within 24 hours." But that...