Word: neill
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Bush's adviser Lindsey is a good friend of the Fed chairman's. So are Cheney and Paul O'Neill, Bush's choice as Treasury Secretary. Both worked with Greenspan in Gerald Ford's White House. All of them will be going to work on Greenspan to persuade him that Congress would simply spend the surplus before it can be used for bill paying. And George W., whose father had notoriously frosty relations with Greenspan, has gone out of his way to court the chairman. A few weeks ago, after their get-acquainted meeting in Washington, he even squeezed...
...NASDAQ board meeting in Manhattan last month, a visitor approached a compact, white-haired guy who looks as if he belongs in a college chemistry lab and asked if he was thinking about a top job in the new Administration. "No way," replied Paul O'Neill, with a smile. "I'm too old." O'Neill, 65, allowed as how he might consider running a task force on something really messy and complicated, such as fixing Social Security. But having spent the past 23 years running Alcoa and International Paper, O'Neill and his wife Nancy Jo were looking to step...
That only partly explains why O'Neill had to be coaxed into taking the job of Treasury Secretary. The other reason is that O'Neill didn't know George W. Bush well. So the two men, joined by Vice President-elect Dick Cheney, had lunch in Austin three weeks ago. O'Neill told friends later that Bush and Cheney made him feel like an instant insider, and he was happy the conversation had been so candid...
...vaulted past the Secretaries at State and Defense in Washington's pecking order. Our national security is increasingly defined by economics: America now defends currencies more often than it defends borders, and its stability has been threatened as much by Russian hedge funds as rogue Russian nukes. But O'Neill's immediate task is to translate still nascent Bush economic policies to lawmakers and financial markets at a time when the engine of the world economy is downshifting. "He has been getting ready for this all his life," said Frank Zarb, chairman of the NASDAQ. "He is honest, straightforward...
Returning to Washington, O'Neill will find himself with new problems but also old friends. O'Neill met Fed Chairman Alan Greenspan back in 1969, when both men worked as junior aides in the Nixon White House, and has stayed in touch ever since. O'Neill was such a whiz at mastering the details of Medicare and Social Security that Gerald Ford's White House chief of staff, a young guy named Dick Cheney, promoted him to deputy director of the Office of Management and Budget. By 1975, Cabinet officers like Donald Rumsfeld, the once-and-future Pentagon chief, were...