Word: buchananism
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...money raised by this fast will go towards further development of a particular type of plow, the "broad bed maker," which is especially effective in parts of Ethiopia, said OXFAM Program Representative for the Horn of Africa Robert L. Buchanan...
...rift between First Boston's top management and the two stars had been growing for months. Last July, Chief Executive Peter Buchanan, 53, launched a review of the firm's operations. While Wasserstein and Perella hoped that the study would spark a complete rethinking, the report called for "no fundamental change in strategic direction." Wasserstein and Perella chafed against the firm's policies, even though the men were given increased power and responsibilities only three weeks ago. Says Perella: "It was like being put in charge of the dining and engine rooms of a ship, while the guys...
...went to First Boston and wrote their resignations. "This is a decision not reached easily," read Perella's handwritten note. Says Wasserstein: "I was flattered to be well paid, but I disagreed with the firm's management on fundamentals." The departing stars made an 11 a.m. appointment with Buchanan in his 43rd-floor Manhattan office, where they cordially delivered their bombshell. Afterward, they scurried across the street to their lawyers' office to begin working the telephone to recruit an initial 30 employees, many of them from First Boston. Meanwhile, Buchanan promptly named a new pair of rising stars to take...
Every year American farmers discard millions of pounds of potatoes that are too unattractive to send to market. Why can't this otherwise good food be distributed to the needy? That's what Ken Horne, 42, and Ray Buchanan, 40, asked themselves in 1983. The two Methodist ministers began to collect unsold potatoes from local farmers and distribute them to food centers. Since then, the Potato Project has sprouted in 47 states and has shipped a total of 56 million lbs. of spuds (the equivalent of 165 million servings) to 250 anti- hunger agencies...
Working with a staff of four at the project's headquarters in Big Island, Va., Horne and Buchanan have created a highly efficient distribution network. Farmers are instructed to send their rejects to the nearest food agency, and the project covers their expenses. "At 1 cents per serving in total cost, you can salvage a lot of food for very little money," says Buchanan. However, even with an annual budget of $632,000 (provided by religious organizations and individual contributors), the project still could not afford to ship 10 million lbs. of available potatoes last year...