Word: neill
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Dates: during 2000-2009
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...built a respectable environmental record as New Jersey Governor, was a pleasant surprise as EPA chief, and Bush had sometimes belied expectations, besting the bright green Al Gore during the campaign with his call for mandatory caps on power-plant emissions. What's more, Treasury Secretary Paul O'Neill--former Alcoa chairman--turned out to be a Kyoto backer, drafting a memo for the new President arguing that the only problem with the pact was that it didn't go far enough...
...strongest economies (nearly 3% growth this year) and has succeeded in bringing unemployment down from more than 12% to 9% since coming to power in 1997. The French don't like lessons in democracy from the other side of the Atlantic, but the late Thomas P. "Tip" O'Neill, Speaker of the U.S. House of Representatives, could have told them that "all politics is local...
...comparison with Rubin on divestiture is not the only one O'Neill is up against. Apart from understanding markets, Rubin had perfect pitch when it came to the political ramifications of Treasury decisions - and of course there's the matter of being the executive-branch helmsman of an unprecedented economic boom. So far, O'Neill seems a bit more tone-deaf, especially when it comes to the jittery nerves of the bond markets, and this is in a Republican administration, where the Treasury head is usually the Big Man on Campus...
...Neill's holdings - in the neighborhood of 2.4 million shares of Alcoa stock and 3.8 million options to purchase same, as of the end of last year - will be converted into "index funds that are not subject to any question," he said. Asked when the sale would take place, O'Neill replied that "the financial people that take care of these kinds of things will pace it and figure out how to do it." Presumably he means the guys with the glowing green screens...
...Presumably this will free up O'Neill to think about more mundane matters like, say, the ailing U.S. economy, the looming Japanese meltdown and the fate of his boss' tax cut on Capitol Hill...