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...Neill left government after Ford lost in 1976 and spent 23 years turning cyclical smokestack companies into sturdy profit centers. He first worked his way up the executive ranks of International Paper by boosting the quality of its products, shutting down marginal plants and investing heavily in others. While working at IP in the dark days of the late 1970s, O'Neill made a habit of visiting the plants of competitors overseas that were stealing market share, and then bringing back ways to beat them at their own game. In the late 1980s, he took over as CEO of Alcoa...

Author: /time Magazine | Title: Economic Slowdown: Treasury Department: Paul O'Neil: Turnaround Guy | 1/8/2001 | See Source »

Quiet and intense, O'Neill described himself recently as a "free-ranging, self-admitted maverick," but he's also a wonk, drilling down into the details of a problem personally until he finds what he wants. When Hillary Clinton's health-care plan came out in 1994, O'Neill stayed up all night and read the 240-page document. "Mention Social Security to some people," says former U.S. Trade Representative Carla Hills, who serves with O'Neill on the board of Lucent Technologies, "and their eyes glaze over. But Paul's eyes light up. He knows about the details...

Author: /time Magazine | Title: Economic Slowdown: Treasury Department: Paul O'Neil: Turnaround Guy | 1/8/2001 | See Source »

There's no sign that O'Neill is an ardent supply-sider. Zarb, the NASDAQ chief who also served with O'Neill in the Nixon White House, said, "Paul's not an ideologue by any stretch of the imagination." But even those who know him well can only guess at O'Neill's views on the big, trillion-dollar tax cut Bush campaigned on last year. The prevailing view is that O'Neill will fight loyally for whatever package the President sends to Capitol Hill--but then take the lead in the hunt for a final compromise. "Paul...

Author: /time Magazine | Title: Economic Slowdown: Treasury Department: Paul O'Neil: Turnaround Guy | 1/8/2001 | See Source »

...Neill doesn't mince words: a colleague recalls introducing O'Neill to Newt Gingrich at the height of the Republican revolution. Gingrich had just launched into one of his tirades about the need for trimming entitlements when O'Neill cut him off and said, "That's the problem with you guys. As long as you're only tinkering at the margins, you'll just make things worse." A Bush official suggested last week that O'Neill, who has actually lived through a real downturn or two, may be just what the nation needs right now. Besides, he added, Bush...

Author: /time Magazine | Title: Economic Slowdown: Treasury Department: Paul O'Neil: Turnaround Guy | 1/8/2001 | See Source »

DIED. JASON ROBARDS, 78, gritty stage and screen actor, renowned for his performances in Eugene O'Neill plays, who won back-to-back Oscars for All the President's Men and Julia; in Bridgeport, Conn. (see EULOGY, below...

Author: /time Magazine | Title: Milestones Jan. 8, 2001 | 1/8/2001 | See Source »

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