Word: grierson
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Dates: during 1960-1969
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...regroupings in British industry. To many opposition Tories and business leaders, the I.R.C. smacks of "back door nationalization," under which the government could wind up with a dominant voice in the new industrial combines that it fosters. In fact, the I.R.C.'s own managing director, Merchant Banker Ronald Grierson, made no secret of his growing distaste for Wilson's interventionist economic policies, finally quit his post last October...
...I.R.C. has also worked behind the scenes on even bigger deals, including General Electric Co. Ltd.'s acquisition of Associated Electrical Industries Ltd. For that, however, it received criticism as well as praise, especially from A.E.I., which resisted G.E.C.'s takeover attempts until the end. Dear Independence. Grierson's successor in the post of managing director, Charles Villiers, 54, also a merchant banker, has taken on the largely thankless task of assuaging businessmen's fears about excessive government intervention in industry, even while stepping up the I.R.C.'s activities. Insisting that the I.R.C., despite...
...Grierson, Francis D., The Mystery of the Two-Faced...
Died. Sir Herbert Grierson, 94, English literary scholar whose pithy analyses (Metaphysical Poets, Donne to Butler) revived the popularity of Donne, Herbert and the other metaphysical poets; in Cambridge, England...