Word: furor
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Charles P. Whitlock, Assistant to President Pusey for Civic Affairs, revealed that McGeorge Bundy, former Dean of the Faculty and now Kennedy's Special Assistant for National Security, was in town during the furor over the proposed building. According to Whitlock, Cambridge friends of Bundy, including members of the University, asked him to see what influence the White House and its Harvard occupant might have...
...directors were faced with the unexpected task of finding a new president after Shanks resigned as a result of the furor about a personal timberland deal with Georgia-Pacific Corp., a big Pru borrower. Shanks, who would have saved $400,000 in taxes, canceled the deal and was cleared of any wrongdoing. But, according to associates, he felt that several members of the Pru's board were opposed to him-despite the fact that most board members requested that he stay. He will get an annual retirement...
...over five years to pay back the money Shanks had borrowed to buy the trees. With tax write-offs, capital gains and depletion allowances on his holdings, Shanks stood to make as much as $485,000 in savings on his income taxes. When the deal was made public, the furor touched off a New Jersey Banking and Insurance Department investigation, rocked reputable Prudential to its foundations. The commission found Shanks had violated no law, but Shanks dropped the deal anyway...
More commonplace controversies raged. The CRIMSON ran a poll on "outmoded" parietal hours. At that time, the rules required the presence of a second woman in a room where women guests were being entertained. Despite the ensuing furor, the regulations went unchanged...
...rigid policing practices instead of relying on their employees' honor. North American Aviation, Convair and Douglas Aircraft all have strict written rules requiring executives to report the slightest outside involvement. Litton Industries requires its key executives to report their outside interests in writing yearly. Since the Chrysler furor broke, hundreds of companies have sent probing questionnaires to executives . and directors, are quietly investigating their purchasing and marketing practices. One Chicago businessman has private detectives make periodic checks on some 200 executives: "If I hear of one driving a Cadillac and I know his salary won't permit...