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With his owlish gaze, lithe step and limber tongue, Antonio Lacayo Oyanguren looks and acts like the Jesuit-trained postgraduate of M.I.T. that he is. For most of his 45 years, he has labored in profitable obscurity. During nearly 11 years of rule by the Sandinista National Liberation Front, Lacayo, the son of one wealthy family who married into another, tended to business, leaving Nicaragua's treacherous politics to others...

Author: /time Magazine | Title: Nicaragua: Keeping It All in the Family | 6/24/1991 | See Source »

...could no longer maintain that low profile after his mother-in-law, Violeta Barrios de Chamorro, defeated the Sandinistas and became President of Nicaragua in April 1990. Lacayo, who served as Chamorro's campaign director, immediately began shaping the new administration; according to insiders, he picked the President's Cabinet and made the controversial decision to retain Sandinista General Humberto Ortega Saavedra as head of the armed forces. Lacayo's official title is Minister of the Presidency, but some feel he might as well be called Mr. Presidency. "Dona Violeta conferred absolute power on Antonio from the beginning," says...

Author: /time Magazine | Title: Nicaragua: Keeping It All in the Family | 6/24/1991 | See Source »

...Lacayo toils 14 hours a day in an office that would be used by Vice President Virgilio Godoy Reyes if he and Chamorro were on better terms. Until this month, Lacayo's sister Silvia was the country's treasurer, and her husband Alfredo Cesar Aguirre is president of the National Assembly. Lacayo's cousin heads the Central Bank, and all three national newspapers are directed by Chamorros, including the pro-government La Prensa, where Lacayo's wife Cristiana is president. During a two-hour interview, Lacayo bristled at the suggestion that he and his family wield inordinate power...

Author: /time Magazine | Title: Nicaragua: Keeping It All in the Family | 6/24/1991 | See Source »

...Lacayo presides over an insiders' network that mocks Chamorro's vows to run a "transparent" administration. Last November the government ordered 400,000 new passports, claiming that the old documents were no longer any good because the Sandinistas, in their final months of power, had issued papers to non-Nicaraguans with no right to citizenship. Under Nicaraguan law, the printing contract, worth more than $1 million, should have been open for public bidding. It was not. Although at least one other company made an unsolicited offer to do the job more cheaply, the contract was awarded to Continental Trading, which...

Author: /time Magazine | Title: Nicaragua: Keeping It All in the Family | 6/24/1991 | See Source »

ASSOCIATE EDITORS: Richard Behar, Lisa Beyer, Janice Castro, Philip Elmer- DeWitt, Nancy R. Gibbs, Richard Lacayo, Michael D. Lemonick, Thomas McCarroll, Richard N. Ostling, Priscilla Painton, Sue Raffety, Janice C. Simpson, Jill Smolowe, Susan Tifft, Anastasia Toufexis, Richard Zoglin...

Author: /time Magazine | Title: Time Magazine Masthead Vol. 137 No. 23 JUNE 10, 1991 | 6/10/1991 | See Source »

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