Word: millers
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Dates: during 1970-1979
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Born in Oklahoma, Miller grew up in the oil boomtown of Borger, Texas, and went on to attend the U.S. Coast Guard Academy. In China shortly after World War II, he met his wife Ariadna, a White Russian living in Shanghai. After law school at the University of California and four years in a Wall Street law firm, Miller took a job at Textron Inc., the big Providence-based conglomerate, eventually becoming its chairman. During his 17 years running Textron, the company's annual sales grew from $383 million a year to $2.8 billion, and profits jumped from...
After his new appointment was announced last week, Miller cheerfully held up a crumpled dollar bill at a news conference in San Francisco. Grinning, he declared: "My purpose is to make this dollar grow." His first priority at the Treasury Department, he said, will be "to continue the war against inflation," which he still regards as "the greatest threat to our nation...
...generally were happy to see Energy Secretary James Schlesinger go. They cheered the firing of Treasury Secretary W. Michael Blumenthal, who has never lived down his brief willingness a year ago to allow the dollar to fall to its lowest levels ever. They applauded his replacement by G. William Miller, who as chairman of the Federal Reserve Board showed a tough-minded determination to protect the dollar by tightening up on money policy, even at the risk of slowing the U.S. economy. One high West German Finance Ministry official captured that view: "A bad Treasury Secretary has been replaced...
With the resignation of Treasury Secretary Michael Blumenthal and the shift of G. William Miller from the chairmanship of the Federal Reserve Board to Blumenthal's job at Treasury, the nation's first-string economic team has been radically altered. TIME Business Correspondent George Taber analyzes the prospective impact of these changes...
...arrival of Bill Miller in the elegant third-floor corner office of the Treasury Building will lead to some changes in style. He is the kind of "team player" that Carter seems to prize. From his days as chairman of the Textron Corp., Miller has had a reputation for arguing hard and voicing stinging criticism behind closed doors; out in public, however, he joins ranks and forcefully presents the majority position. But Miller can also be stubborn. Blumenthal discovered this last spring when he tried to lean hard on his old friend Bill to have the Fed raise interest rates...