Word: cavanagh
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...Lombardi 2-5 8-9 1 0 4 12 Tongal 5-11 2-2 9 4 0 12 Calhoun 1-3 0-0 1 2 0 2 Dowell 5-13 2-2 4 5 1 12 Murphy 1-1 0-1 0 4 0 2 Cavanagh 1-4 0-0 0 2 0 2 Totals 29-78 24-32 44 29 8 82 FG percentage 37; FT percentage 75 Team rebounds--6; Turnovers...
...ideas grew out of a conversation over a couple of Margaritas ten months ago. Wayne Granquist, 42, OMB's associate director, was trying to talk his old friend Dick Cavanagh, 31, into leaving a consulting job at McKinsey & Co. and joining Government. What precisely would Cavanagh do? Granquist had a simple but dramatic way of showing him. Check your personal records, he told Cavanagh, and see how long it took the Internal Revenue Service to cash your quarterly income tax check. Cavanagh discovered to his astonishment that it had taken 22 days. Granquist had made his point, and soon...
...Cavanagh and Granquist, who is a former Norwalk, Conn., bank president, have moved quickly to improve these costly methods. Their biggest accomplishment so far: putting to work some $1.5 billion in taxpayers' money that was deposited without interest in banks around the country; on July 1, the U.S. will begin receiving $75 million interest annually on that cash. Other savings come mainly from cleaning up administrative procedures, speeding collections and controlling payouts...
...Cavanagh and Granquist have the blessing of President Carter; on one of their progress reports, he scribbled, "Keep it up!" The streamliners are not doing anything that would be unusual in private business. Says Cavanagh: "These are very standard procedures. The Government should manage its money as well as the taxpayers...
...symbolic blow for fiscal discipline was struck last week when Deputy Mayor James Cavanagh was forced out of office. Long identified with New York's budget gimmickry, Cavanagh had been under pressure from the city's financial overseers. To demonstrate the city's determination to cut spending, Mayor Beame ordered the elimination of another 8,374 jobs last week for an estimated saving of $200 million. The cumulative cutbacks would reduce the number of full-time city employees from some 300,000 before the fiscal crisis began to a little more than...