Word: ponts
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Dates: during 1970-1979
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...procession of limousines crammed the White House driveway last Friday, as 50 of the most powerful leaders of U.S. business accepted an invitation for an off-the-record exchange of views with ranking Administration officials. Among them were the chiefs of Exxon, General Electric, Du Pont, Merrill Lynch, National Steel, B.F. Goodrich and Boeing. The Administration was engaged in one of the most ambitious public relations campaigns to be aimed at the business community since Lyndon Johnson's day. The goals: to build support for Carter's tax package and to reassure business leaders, who have been unimpressed...
However, New Orleans still has some of the best restaurants in the U.S., and some elegant hotels outside the dome area (most notably, the Pont-chartrain), which theoretically can only get better with the influx of well-heeled visitors that Superdome events are attracting...
...search team headed by Mondale was set up. The group knew almost from the outset that its ideal candidate would be a progressive businessman, preferably a Democrat (which Miller is). A list of a dozen names was drawn up; eventually it was pared to five. On it were Du Pont Chairman Irving Shapiro, General Electric Chairman Reginald Jones, Brookings Institution Chief Bruce MacLaury and Bank of America President A.W. Clausen, in addition to Miller. Washington rumor has it that Shapiro, Jones and Clausen turned down...
Irving S. Shapiro, chairman of E.I. Du Pont de Nemours & Co. (annual sales: more than $8 billion), says, "It costs the company a lot of time and money to comply with Government reporting requirements." Du Pont has to spend $5 million and 180 man-years of work annually to file 15,000 reports to the Federal Government. Among many other things, the company is held accountable not only for its own programs for hiring and promoting minorities and women, but also for the affirmative action programs of every supplier that sells it more than $2,500 worth of goods...
...Administration's style of policy-making has spurred many gripes. Harold Malingren, a Washington business consultant, grouses that "part of the confusion on the part of the business community comes from the fact that there is no coherent voice coming out of the Administration." Corporate leaders like Du Pont Chairman Irving Shapiro complain that the Oval Office has seemed off limits for business since the exit of Budget Boss Bert Lance. Last week Carter responded to that criticism by meeting with 25 businessmen to discuss the economy...