Word: ouster
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Dates: during 1980-1989
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...years' standing. After National Security Adviser Richard Allen became embroiled in a controversy involving $1,000 that a Japanese magazine had intended to give the First Lady in exchange for an interview, she joined the Deaver-led effort to purge him from the Administration. Alexander Haig believes that his ouster from Foggy Bottom came in large measure because Baker and Deaver persuaded her he should be replaced as Secretary of State and she in turn persuaded the President. In 1982, after William Clark had taken over for Allen, Clark got on her bad side. She favored his transfer from...
...FDIC, which staged a $4.5 billion bailout of the failing institution last September, made the sweeping ouster at Continental partly to remind bank directors across the U.S. of their supervisory responsibilities. The FDIC dismissed all the directors elected to Continental's board before 1980 because it was during the late 1970s that the bank made most of the $3 billion in reckless loans that led to its near collapse. The agency contends that the directors should have monitored more carefully what was going on at Continental. Ideally, corporate directors are wise and prudent overseers of an institution...
Iran, whose major condition for peace has been Saddam Hussein's ouster, is also feeling the pinch of the stagnant conflict. In an effort to placate the populace, which is becoming increasingly unhappy with stringent wartime economic conditions, the Supreme Judicial Council two weeks ago designated special courts to try corrupt government officials and businessmen. Seventeen offenders are already on trial, with scores more expected to follow...
When James Watt was Secretary of the Interior, his style was so abrasive and his handling of the environment so aggressively controversial that conservation groups gave him an overall grade of F and demanded his ouster. In an effort to mend fences with environmentalists and to restore peace at the Department of the Interior, the Reagan Administration brought in former National Security Adviser William Clark last October as Watt's replacement. Now, on the first anniversary of Clark's succession, two activist organizations, the Sierra Club and Friends of the Earth, see only a small improvement over...
When erstwhile Screen Idol N.T. Rama Rao, 61, was dismissed as chief minister of India's southern state of Andhra Pradesh last month, an eruption of protests left 53 dead and hundreds injured. With national elections due to be held by mid-January, many Indians saw his ouster as another in a string of attempts by Prime Minister Indira Gandhi to bring down state governments run by her opponents. Although Mrs. Gandhi denied any role in the removal of Rama Rao, the rising opposition has clearly been damaging to her Congress (I) Party. Last week the state governor...