Word: businessman
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Dates: during 1970-1979
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Previous chairmen had decidedly political leanings: Arthur Burns, appointed by Nixon, was known as a Republican, and Miller had been active in Democratic affairs as a businessman. Volcker, who is a Democrat, is resolutely nonpartisan. Observes Brimmer: "He's simply not going to tilt for or against the White House because of party affiliation. Paul's much more likely to maintain some distance...
Cuba has been careful to aim only at those targets where it can win friends with a minimum investment. In Grenada, for example, notes one businessman, "the Cubans made an excellent choice of aid when they gave the island its first fishing trawler"-a 65-ft. vessel that will greatly augment the tiny catch made by the country's fleet of small, open fishing boats. In an interview with TIME, Grenada's Socialist Prime Minister Maurice Bishop claimed that "one of the reasons Cubans are in Grenada is because the Americans aren't." He said it took...
...make money; when he died in 1931 he left an estate of more than $2 million. Not bad for the depths of the Great Depression, but a puny sum compared with what a good businessman could have realized from Edison's inventions. Part of the reason for Edison's failure to capitalize on his own ideas was his fanatic resistance to any attempts to modify them. He insisted for too long that his cylinders made better recording devices than the more practical discs, and, because he had worked with direct current, he fought the introduction of alternating current...
...Overseers accepted Heiskell's appointment and selected Mockler Sunday. Mary E. Procter '63, an Overseer who chaired the meeting, said the Overseers' debate on Heiskell focused on whether to replace an academic with a businessman...
Robert G. Stone, Jr. '45, a New York businessman, was the last appointment to the Corporation, in 1976. President Bok and Heiskell were unavailable for comment last night...