Word: flanigan
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...think it's absolutely outrageous the way these committee proceedings are going. There was no hanky-panky about it." Yet McLaren, too, had refreshed his memory since the week before. Now he conceded that he had talked to the chief White House troubleshooter on relations with corporations, Peter Flanigan (see box, next page). "Mr. Flanigan was simply a conduit," McLaren said. Flanigan obtained a report on the financial impact that ITT would sustain if it was required to divest itself of Hartford Fire Insurance Co., as McLaren had been insisting it must. The analysis helped change McLaren...
...report had been prepared by Richard Ramsden, 33, a former White House fellow and now an investment consultant on Wall Street. Ramsden spent just two days analyzing the $7 billion-a-year conglomerate, was paid $242-and delivered his report to Flanigan rather than the Justice Department. California Democrat John Tunney asked whether the fact that Ramsden's firm manages some 200,000 shares of ITT stock would affect Ramsden's objectivity. "No," replied McLaren, "it wouldn't bother me a bit." But could not a negative report by Ramsden have adversely affected the stock...
...replace Peterson as international economic adviser the President chose Peter Flanigan, 48, a Princeton-educated former Wall Street investment banker who has been a high-level Mister Fix-It-the chief White House liaison man with business leaders and Wall Street. Flanigan will give up his seat on the Cost of Living Council and most other jobs concerning the domestic economy. That will undoubtedly please Ralph Nader, with whom Flanigan has clashed repeatedly. Besides overseeing the comprehensive trade policy drafted by Peterson, which could well lead to a "Nixon Round" of tariff-cutting negotiations (TIME, Jan. 24), Flanigan will continue...
...Talks with TWA about a possible merger, which Halaby once saw as the best route out of rough weather, have come to a halt. Two weeks ago Secor Browne, chairman of the Civil Aeronautics Board, disclosed that he had sent a memo to White House Presidential Assistant Peter Flanigan, raising the possibility of a Government subsidy or a Lockheed-type guaranteed loan for the ailing carrier...
...year ago, Maurice Mann, then Assistant Budget Director, remarked in a speech that the Administration's economic policy could be an "abysmal failure." Unknown to him, a reporter was in the audience, and Mann's remarks were published. He was later chided by White House Assistant Peter Flanigan, not for holding the view but because he let a newsman overhear him. This spring Sidney Jones, a professor from the University of Michigan on loan to the Council of Economic Advisers, refused to predict an economic surge based on a one-month rise in industrial production. He was then...