Word: businessman
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Dates: during 1970-1979
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Before leaving Washington, Carter tended to some last-minute domestic affairs. He nominated Businessman G. William Miller as Federal Reserve chairman and promoted James Mclntyre Jr. to Director of the Office of Management and Budget (see ECONOMY & BUSINESS). But Carter spent most of his time getting ready for his trip. Like any other tourist headed for Asia, he took pills to ward off malaria and was inoculated against cholera and typhoid. He pored over thick briefing books. He packed a copy of the Bhagavad Gita, a Hindu holy book...
...finally was persuaded by Vice President Walter Mondale and Treasury Secretary W. Michael Blumenthal that the Fed needed new leadership. About seven weeks ago, a candidate search team headed by Mondale was set up. The group knew almost from the outset that its ideal candidate would be a progressive businessman, preferably a Democrat (which Miller is). A list of a dozen names was drawn up; eventually it was pared to five. On it were Du Pont Chairman Irving Shapiro, General Electric Chairman Reginald Jones, Brookings Institution Chief Bruce MacLaury and Bank of America President A.W. Clausen, in addition to Miller...
That left Miller and MacLaury, 46. Miller clearly had the advantage. His sponsor was Blumenthal, himself a businessman (former Bendix Corp. chief) and an old acquaintance. Last Tuesday, the President talked with Miller and MacLaury in morning interviews, and in the end Carter's wish to appeal to the business community ruled out MacLaury...
...parentage, who had lived in Harbin, Manchuria. In 1952, he received a law degree from the University of California at Berkeley and settled in as an attorney at Cravath, Swaine and Moore, the prestigious Wall Street law firm. While there he became friendly with Royal Little, the New England businessman who was putting together Textron, one of the first conglomerates-those companies that sweep together the most wildly diverse businesses. Joining Textron at the invitation of Little, who warned him that he would be fired in a year if he did not prove his abilities, Miller became president...
Pharaon, fluent in both French and English, likes to give himself the air of a combined cosmopolite and sharp businessman. He says his recreations are traveling and deep-sea fishing. He boasts that he was the first businessman to bring Korean workers to labor-short Saudi Arabia, and is now employing Taiwanese. Nonetheless, he has yet to win acceptance from the international financial community, and the price he is paying for control of Lance's bank is bound to raise money-men's eyebrows...