Word: collado
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Dates: during 1940-1949
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...that the president, in spite of his high-sounding title, was actually under the thumb of the U.S. executive director, who, because of the huge U.S. investment in the Bank, controls the biggest bloc of votes on the board. And the U.S. executive director was bossy, ambitious Emilio Gabriel Collado, 36, longtime New Deal economist. Many bankers feared that Collado was likely to put too heavy an emphasis on the political instead of financial merits of loans...
McCloy accepted with the understanding that, no matter how the Bank was set up on paper, he would be boss in fact as well as in title. To play safe, he demanded -and got-the resignation of "Pete" Collado. (Washington gossiped that Collado would soon go to China to lend a hand in stabilizing the currency...
...take Collado's place the Bank picked a McCloy man, Eugene R. Black, 48, lean, laconic vice president of Manhattan's big Chase National Bank, who has recently returned from a two-month study of European credits. (His appointment is the only one that must be confirmed by the Senate...
...mothers-in-law, none might be more difficult than the U.S.'s own Emilio Gabriel Collado. A Harvard Ph.D. with a bright record as a troubleshooting economist for the Treasury and State Departments, hefty little "Pete" Collado, 36, was generally regarded as a good choice for the directorship when he was appointed last spring...
...List? But Prospective Groom McCloy was well aware that, among knowing Washingtonians, young Mr. Collado's increasing fondness for having his own way was generally looked upon as one of the chief reasons why Publisher-Banker Eugene Meyer quit the presidency two months ago. With backing from the National Advisory Council, the Government agency set up to watch over the big U.S. investment in the Bank (nearly 35% of its stock), Collado apparently felt that he was strong enough to get what he wanted-even if the president wanted something else. One thing Meyer especially feared was that...