Word: shapiros
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Dates: during 1970-1979
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...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...
Like Pinga, Loughlin and Shapiro, entrepreneurs, executives and local officials throughout the land are bewildered and outraged by the growing number of federal rules and regulations. They seem to float out from Washington as casually as children blow soap bubbles, and all too often contain about as much substance. No one can possibly keep up with all the pronouncements affecting him and his business or profession, and many people have given up trying. Each national Administration has promised to cut the paper burden, only to end up adding to it. The Commission on Federal Paperwork, created in 1974 to figure...
...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...
More fundamentally, the stock market is mirroring the business and financial community's deepening lack of confidence in Jimmy Carter's management of the economy. Says Du Pont Chairman Irving Shapiro: "I still think he is a man of great ability. But he let himself get diverted by political slogans rather than sticking to his knitting." Adds James M. Howell, chief economist for the First National Bank of Boston: "Businessmen thrive on certainty. The President has bitten off half a dozen big projects, and all of them generate a tremendous amount of uncertainty...