Word: macgregor
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More accurately, it seemed like a scene from Annie, with the failing British Steel Corporation as the orphan child, and the part of Oliver Warbucks played by Ian MacGregor, general partner of Manhattan's Lazard Freres & Co. MacGregor, 67, was hired after nearly a year's search by the British government, which owns British Steel, turned up no one in England to run the moribund firm. Forty names were considered, and two British executives turned down...
Industry Secretary Sir Keith Joseph called MacGregor "the best man available in the world." His salary will be $109,000, like that of the man he will succeed, Sir Charles Villiers, also 67. That is a big cut for MacGregor, who has been making as much as $1.2 million annually. But under a complex series of payments, the investment banking firm will be reimbursed for losing MacGregor's services. It will receive $1.5 million when MacGregor takes over the company in July. If he does not finish his three-year appointment, up to $1 million will have...
...suffers because of its dependence on sickly British companies like Automaker BL Ltd. The aging firm, still one of the world's largest steel makers, has failed to compete with Japan and newly industrialized countries and is severely handicapped by labor troubles, outmoded plants and low productivity. Said MacGregor upon his appointment: "The question isn't how many heads are going to roll. The question is how many jobs can we salvage...
Though born in Scotland, MacGregor has resided in the U.S. for 40 years and is now a naturalized American citizen. Between 1967 and 1977, as chief executive officer of Amax Inc., a molybdenum mining and metals company, he transformed the sleepy firm into a giant natural resources company. In addition to coal, it has large holdings in oil and gas, copper, nickel and iron ore. Although MacGregor is credited with the foresight of having acquired metals and energy sources before their scarcity became apparent, he is criticized for a heavyhanded management style and for failing to keep a close...
...Schatz as Snoopy and Allen Gifford as Linus have clearly gotten the message that they should just have a good time out on stage. In "The Book Report," Linus harangues the gang on the deeply rooted rivalry between Flopsy, Mopsy, and Peter Rabbit, and the dichotomous nature of Farmer MacGregor's character as farmer and humanitarian. There's no way to hide the laughter you're trying to suppress so the person next to you won't think you're incredibly silly...