Word: move
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Dates: during 1970-1979
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Alan Greenspan, 53, economist, New York City. "First plant cash in short-term CDs, and then plan what to do with it later. Move the money out only if you find better yields elsewhere...
During the winter, Energy Secretary James Schlesinger began urging oil-fired utilities and factories to convert not to coal but to natural gas. This was to have been only a short-term move to help soak up the gas glut, but it created the misleading impression that coal was not the Administration's favorite fuel after all. Asserts Jim Larson, president of Energy Fuels Corp., Colorado's largest coal producer: "There is a simple lack of leadership. From where I sit, you just have to wonder what in hell is going on back there in Washington." The industry...
Last July Ford fired President Lee Iacocca, who was later replaced by Philip Caldwell. Some time before Jan. 1, Caldwell will probably replace Ford as chairman as well as chief executive, and Executive Vice President William O. Bourke, 51, is expected to move to the president's post; both are highly able, although less colorful than Ford. Meanwhile, Henry's brother William Clay Ford, 54, is expected to remain as chairman of the executive committee. Henry Ford may stay on as chairman of a revised finance committee and a director. Said one Ford Motor Co. insider: "As long...
Henry's only son, Edsel, 30, is expected to move to Detroit from his job as assistant managing director of Ford's Australia operations. He is enthusiastic and well liked. Says a former boss: "Edsel is like his father-more savvy than smart." Henry II has long hoped that Edsel would eventually become chief; yet even though the Ford family owns 40% of the voting stock, it is by no means certain that there is an Edsel in Ford's future. Said Henry II, as Edsel listened impassively in the audience: "It is very difficult to predict...
This scientific smorgasbord may indicate great creative ferment, or simply confusion, a hedging of bets against what will turn out to be the hot therapy of the 1980s. Psychiatry seems sure of one thing: it does not want to move in the direction of the pseudo therapies, although it occasionally profits from them. Says Miami Psychiatrist Paul Daruna: "Some Pop therapies generate business by stirring people up, jostling them about so they eventually turn to individual therapy." Still, many psychiatrists already feel underemployed, because they often fill many of the same functions as psychiatric social workers, nurses and related professionals...