Word: chases
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Dates: during 1970-1979
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...least three people turned down the top Fed job: David Rockefeller of the Chase Manhattan Bank, A.W. Clausen of Bank of America and Robert Roosa of Brown Brothers Harriman & Co. investment bankers. The final choice came down to Volcker and Bruce MacLaury, president of Brookings. When Carter phoned Volcker last Tuesday, the banker's main concern was to make sure that he and the 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...
...nothing which calls their kinds of talents and energies automatically into the public sector. They have available chairs of classics at Brown University and directorships at Gulf Oil, what have you." A Southern Governor agrees: "It was probably much easier for David Rockefeller to be chairman of the Chase Manhattan Bank, a powerful position in which he exercised leadership and control, than to weather the strains of public office, as did his brother Nelson...
...being aggressive. The daughter of a railroad dining-car waiter and a civil servant mother, she finished first in her class at George Washington University Law School. She taught at Howard University Law School, joined a top Washington law firm, served on the boards of IBM, Scott Paper and Chase Manhattan, worked in Lyndon Johnson's presidential campaign and became U.S. Ambassador to Luxembourg. But when a liberal Senator once implied that she was a member of the privileged class, she indignantly replied: "While there may be others who forget what it meant to be excluded from the dining...
DIED. Joseph Borkin, 67, Washington attorney, economist and author; of a heart attack; in Chevy Chase, Md. A trustbuster with the U.S. Department of Justice from 1938 to 1946, Borkin also pursued his commitment to social justice with such books as The Corrupt Judge (1962) and last year's The Crime and Punishment of I.G. Farben, an expose of the German chemical company that provided Hitler's troops with poison...
Executives of other leasing companies were soon rushing to London to buy the new policy. San Francisco-based Itel became the biggest user, taking out 48% of all the computer policies that Lloyd's underwriters issued. The leasing companies owned by Citicorp, Chase Manhattan and Bank of America, among many other big firms, got similiar policies. In all, the 57 Lloyd's underwriting syndicates and 17 individual insurance companies that were involved in the deal wrote more than 14,000 policies covering potential claims of more than $ 1 billion...