Word: englands
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Dates: during 1960-1969
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...recruit top foreign talent for their overseas executive suites. Lately, however, laboring for the Yankee dollar has begun to lose its stigma. Last week, in one of the year's more remarkable personnel coups. International Business Machines landed the Earl of Cromer, former governor of the Bank of England, as chairman of its subsidiary IBM United Kingdom holdings...
...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...
Shaw led a combined Harvard-Yale squad over an Oxford-Cambridge team in London last June with a 4:03 clocking for his specialty, chopping some two seconds off the Harvard record and four off his previous best time. Unfortunately, Shaw pulled a muscle in England, and only started running again in August and is just now back in top shape...
Despite the tendency away from Pan-Africanism, however, AAAAS serves a valid function. It is an outlet for Harvard and New England Negroes to maintain dignity by identfying as a group and as a private social organization. Currently, some Harvard Negroes are in a tough spot, it being difficult to endorse Black Power right...