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...Office of Management and Budget (OMB) governs allocations of federal subsidies to universities for such costs. The OMB recently proposed revisions in the guidelines. And Harvard, which has always felt the regulations "left much to be desired," now finds "glaring deficiences...
Harvard and the government, says John Lordan of OMB, are not partners nor are they adversaries. "It's an overworked analogy," he insists. But, sematics aside, it is clear that Harvard isn't about to give up. Cottington's promise bears an air of finality: "Whatever effort it takes, we will bend to come to a happier solution...
Mclntyre denies that either he or the OMB has been ineffectual. He notes that among other things, he was a major force in persuading the President to reduce the size of his proposed income tax cut to lessen the threat of inflation. Says Mclntyre: "I have been the principal advocate of reducing the budget deficit. All the President's economic advisers have come to agree with me." But if Mclntyre hopes to still the criticism, he will have to be a tougher, sharper cutter...
...While OMB's Director was under fire, two other officials of the agency were being praised by the White House last week for some ideas that they figure will save $125 million a year...
...ideas grew out of a conversation over a couple of Margaritas ten months ago. Wayne Granquist, 42, OMB's associate director, was trying to talk his old friend Dick Cavanagh, 31, into leaving a consulting job at McKinsey & Co. and joining Government. What precisely would Cavanagh do? Granquist had a simple but dramatic way of showing him. Check your personal records, he told Cavanagh, and see how long it took the Internal Revenue Service to cash your quarterly income tax check. Cavanagh discovered to his astonishment that it had taken 22 days. Granquist had made his point, and soon...