Word: cromer
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Dates: during 1960-1969
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...more jobs-and more responsible jobs-to non-American executives. As recently as 1965, according to a survey by University of Manchester Professor Kenneth Simmonds, only 59 Europeans were among the 3,733 executives in Europe for 150 U.S. companies. Now the ratio is changing rapidly. The Earl of Cromer, for instance, until recently governor of the Bank of England, is the new chairman of IBM United Kingdom. Dr. Frederick H. Boland, the man who as United Nations General Assembly President broke a gavel in 1960 trying to silence Nikita Khrushchev, is chairman of Esso Ireland. Though names help, such...
...Tory Chairman Anthony Barber exclaimed: "That confirms the suspicion of the whole country that the right honorable gentleman is a twister." The Speaker asked Barber to withdraw the remark. Some of the harshest criticism was leveled at Wilson by the former head of the Bank of England, Lord Cromer. Unlike Britain's two previous devaluations in 1931 and 1949, he said, "this time devaluation was the outcome solely of the government's policies...
...universities, including Harvard and Wellesley, to heed the call to conscience which has generated these protests. Sigmund Abeles, Art Leon Apt, History Duncan Aswell, Eng. Grazia Avitabile, Ital. Mariam Berlin, His. Sharon Cadman, Eng. Elizabeth Conant, Bio. Ann Congleton, Phil. Helen Corsa, Eng. John Crawford, Music Ward Cromer, Psych. Fred Denbeaux, Bib. His. Jacqueline Evans, Math. David Ferry, Eng. John Graham, Math Laurel Furumoto, Psy. Rene Galand, French Edward Gulick, His. Jean Harrison, Bio. Walter Houghton, Eng. Gabriele Jackson, Eng. Owen Jander, Music Florence McCulloch, French Eleanor McLaughlin, His. Jeanette McPherrin, French Joan Melvin, Bio. Genworth Mofett, Art Torsten Norvig...
...What attracted me," said Lord Cromer, 49, "was the international aspect of the company. My job will be concerned with the broader policy issues." On both counts, the prescription fits his talents. As the youngest head of the Bank of England in two centuries, Cromer earned a reputation as an acerbic critic of Tory and Labor governments alike during his five-year (1961-66) governorship. His stature among bankers was enormous-and helped to raise the rescue funds overnight when eleven nations, including the willing U.S., came to the defense of the British pound at its moment of greatest peril...
After leaving the Bank of England, Cromer returned to his first love, as a managing director of Baring Brothers, oldest (established 1763) and among the most powerful of British merchant banking dynasties. Cromer will keep that job, and his new associates should profit from the Establishment connection. Though IBM dominates computer-making in the U.S. and the rest of Europe, it has snared only about a third of the British market...