Word: ribicoffs
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Dates: during 1970-1979
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Toward the middle of the hearing, Republican Senator Charles Percy announced: "I am completely satisfied with your answers." Committee Chairman Abraham Ribicoff, who three days earlier had called for an investigation of Lance, now rebuked the press for overzealousness. Said he: "You have been smeared from one end of the country to the other, in my opinion unjustly. There is not a thing that has developed in any way that impugns your character or your reputation or your ability...
...Georgia bank's other major stockholders, who may oppose Smith's bid for a greater proportion of stock than Lance's 16%, and the publicity, which has made Smith somewhat gun-shy. If the deal does fall apart, Lance may have to ask the Ribicoff committee to extend the Dec. 31 deadline for selling the stock that was set before his confirmation in January. Judging by the friendly reception he received last week, getting an extension will be no problem...
...charges were promptly denied and, at week's end, the evidence concerning Lance's loans was inconclusive-and in some respects plainly on his side. But the charges were so serious-and so well publicized-that Democratic Senator Abraham Ribicoff, chairman of the committee, called for an investigation; the committee will decide this week whether to begin a probe. "If we just drop this thing," said Ribicoff, "we would be doing a disservice to Mr. Lance, a disservice to the President and a disservice to the country." Meanwhile, investigators from the U.S. Comptroller's office gathered...
Finally, the President sent a letter to Senator Abraham Ribicoff: chairman of the Senate committee that confirmed the budget director, recommending an unlimited extension of the Dec. 31 deadline. The deadline. Carter noted, helped to foster "a substantial artificial lowering of the stock price." Ribicoff agreed to have his committee consider the idea...
...that he "very specifically" had the right to talk about the N.B.G. "with regard to stock and management" until the Dec. 31 divestiture date. A Lance spokesman said that the permission to be involved in selection of a new president came via an "oral understanding" with Senate Committee Chairman Ribicoff. Yet Ribicoff told TIME: "I never recall any such conversation. Nothing was ever discussed about management...