Word: garrette
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Then, in the words of Currier House representative Katherine Garrett '76, "a fight broke out." House masters and student representatives objected to the emphasis on 1-1-2 and Bossert offered a motion for comprehensive study of all five options...
...oversee the Lockheed loan, received no information about bribery payments uncovered no traces of the corporation's questionable overseas sales habits. William E. Simon, Secretary of the Treasury Department and chairman of the ELGB, told the Banking Committee at the August 25 hearings that he and co-members Ray Garrett, Jr., chairman of the SEC, and Arthur F. Burns, chairman of the Federal Reserve Board, were "distressed" at the new disclosures. But Simons hedged on Proxmire's recommendation that the ELGB announce its intention to stop the loan if bribes continued. He insisted instead that "we'll stop the bribery...
Suspended Payments. Haughton's argument failed to impress Treasury Secretary William Simon, however. He is one of the three members, along with Federal Reserve Board Chairman Arthur Burns and Securities and Exchange Commission Chief Ray Garrett, of the Emergency Loan Guarantee Board, which was set up in 1971 to provide Government backing for up to $250 million in commercial bank loans to financially troubled Lockheed. Understandably unhappy at the appearance of the Government guaranteeing loans to a corporation that has been shelling out millions in overseas payoffs, Simon told the Senate Committee that Lockheed had "apparently not been forthright...
...Government's dilemma is subtly symbolized by the position of SEC Chairman Ray Garrett. As a member of the Loan Board, his chief concern is to ensure that Lockheed survives until the Government is released from its commitment at the end of 1977. But as SEC chief, he would normally be expected to concentrate on seeing that the reporting rules are obeyed, whatever the damage to the company. Garrett's solution: he has disqualified himself from the SEC's deliberations as to what to do about Lockheed...
Pool Smoke. The killing shook Garrett's colleagues, but it also seemed to confirm the gossip and indicate that the attacks on the project itself were now finished. One of Garrett's friends, Donald Larsen, 37, assistant director of a similar vocational-training project in Eureka, applied to replace him at Gateway. The staffers got together to give the new director a welcoming party. As they were raising their glasses to toast the end of their troubles, smoke drifted over the nearby swimming pool. When they ran out to look, they found two of their cars burning fiercely...