Word: millers
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Dates: during 1970-1979
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Businessmen promptly praised Miller's appointment as "imaginative" and "inspired." Peter Peterson, head of the newly merged investment banking house of Lehman Bros. Kuhn Loeb Inc. and a longtime friend of both Burns and Miller, said of Miller: "He's a highly sophisticated, aware, dedicated and mature business manager and human being." AFL-CIO Boss George Meany, an archenemy of Burns, praised Carter for dropping the old chairman and "moving away from the discredited policies that created the last recession. Wisconsin Democrat William Proxmire, chairman of the Senate Banking Committee, said that he might vote against Miller...
...White House, Carter talked amiably with Burns. Carter told the chairman of his ideas about what the Fed should be doing. Not until the end of the hour-long exchange did the President get to the point: he would not reappoint Burns, but instead would choose Bill Miller, whom Burns knows because Miller for seven years has been a director of the Boston Federal Reserve Bank...
Burns, accompanied by Miller, returned to the Federal Reserve Building on Constitution Avenue. There, Burns hastily assembled a meeting of top staffers to break the news. Miller was then ushered in to be introduced. At 5 p.m., Carter went before newsmen to announce the switch, with both Miller and Burns present. Burns asserted: "Mr. President, you have chosen wisely and well," then returned to Florida without once passing through his office...
...habit of thinking now and then, and he'll have to think this over carefully." His decision may well be no. He could make good money on the lecture circuit, in the manner of Henry Kissinger or Gerald Ford. He does not seem to regard Miller as a dangerous radical whose influence would have to be countered. And after having had the chairman's weight, Arthur Burns is not likely to settle for being just another governor Says Andrew Brimmer, a Reserve Board governor for more than half of Burns' eight years as chairman: "I cannot imagine...
Handsome, disciplined, modest and humorous, G. William Miller, 52, is proof that nice guys sometimes do finish first. After President Carter last week named him to succeed Arthur Burns as chairman of the Federal Reserve Board, about the only negative things that acquaintances could find to tell reporters about him were that he loves to sing but has no voice, and that he delights in telling jokes but usually laughs so hard at them that he botches the punch lines. Otherwise, Miller sounds like a business version of a Boy Scout: frugal, industrious, a sharp manager, something of a social...