Word: shultz
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Dates: during 1970-1979
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...drive to work any more," he says, "but the trains were unreliable, and after 15 phone calls I still couldn't get a cab. Finally, I had to dig out the car." The author of cover stories on, among other things, American inefficiency, Henry Ford, George P. Shultz and the devaluation of the dollar, Church has won two awards for business and financial writing. Fascinated by the impact Simon has had on the public, Church notes: "Last year Simon was hardly known at all -even on Wall Street. I can't think of any bureaucrat who has ever...
Indeed, Simon almost instantaneously has propelled himself into the elite circle of Administration officials -which includes Schlesinger, Secretary of State Henry Kissinger and Treasury Secretary George Shultz-who run vital parts of the Government as virtual baronies under a distracted monarch. Simon's predecessor as energy policy chief, John Love, complained that he could not get Nixon's attention; in five months in office, he was able to see the President alone only four or five times. Self-confident Simon took office proclaiming that he did not need to go running to the White House on every decision...
Simon also served on several industry committees that advised states, cities and the U.S. Treasury; he told them just how many bonds they could persuade buyers to buy and how low they could put interest rates. His expert sense of finance impressed Treasury Secretary George Shultz, who recruited him as the Deputy Secretary. At the end of 1972, Simon was appointed, at $42,500 a year, to run the Treasury's day-to-day operations. Simon admittedly knew little about energy then. But sensing it as one of the top problems, he studied it closely enough to earn almost...
Even while heading the Federal Energy Office, Simon remains a Deputy Treasury Secretary and Shultz's subordinate. That seems to be a congenial arrangement. According to some colleagues, Simon so greatly admires Shultz that he has patterned himself after the Secretary down to some small details.When Simon discovered that Shultz had a working fireplace in his office,Simon unblocked the fireplace in his own office, and sets it blazing merrily while he works...
...Administration's two top economic aides, Treasury Secretary Shultz and CEA Chairman Stein, are both obdurately opposed to regulating the free market. They are willing to create some kind of inflation-monitoring federal agency to replace the Cost of Living Council, but the agency would probably lack the COLC'S power to intercede in private price-and-wage decisions. Mainly, its job would be to argue the anti-inflation line in the Government's own decisions, such as the way regulatory bodies set rates. Whether the Administration will be able to stick to these plans...