Word: chairmanship
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...President agreed on the independent role of the Federal Reserve. "I am satisfied on the basis of my conversations with the President that he has a good understanding of the problems," Volcker said later. His other consideration: moving from the New York Federal Reserve Bank presidency to the chairmanship of the whole system involves, because of the federal pay structure, taking a salary cut from $110,000 to $57,000. He accepted the next morning...
...Professor Marina Whitman will start next month as chief economist and vice president at General Motors. The biggest losers among the businessmen were Arthur Taylor, eased out of the presidency of CBS, and Richard Kattel, the boy wonder of Atlanta's go-go banking days, who resigned his chairmanship of Citizens and Southern National Bank. The Comptroller of the Currency had classified $11 million of the bank's loans as questionable...
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...
Galbraith also said the chairmanship is a greatly overrated job. "One can become a great monetary expert by virtue of appointment to it," he added...
...long-standing, national reputation in the field of criminal investigation and corruption and is the perfect choice for the chairmanship," L. Scott Harshbarger, counsel to the commission, said recently...