Word: smiths
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Dates: during 1960-1969
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...false alarm. After an interminable five minutes when the planes were taxiing back to the crowd, the doors opened but the crewmen didn't get out. From one door stepped Senator Margaret Chase Smith, wearing a red dress and walking on crutches; out of the other plane came California's Governor Ronald Reagan and his family. A brief titter over Reagan subsided, and the crowd went back to its waiting. As the band broke into "76 Trombones," a voice came over the loudspeakers: "the planes bearing the men of the Pueblo are 40 miles away...
...plus fairly common, Wall Street's investment banking houses are in a very strong position to pick off Washington's brightest talent. Last week one firm signed up three high-ranking Government officials as general partners. Manhattan's Lazard Freres & Co. recruited Commerce Secretary C. R. Smith, Under Secretary of the Treasury Frederick L. Deming and Assistant Budget Bureau Director Peter A. Lewis...
...Andre Meyer, 70. A close friend of World Bank President Robert McNamara and of outgoing Treasury Secretary Henry Fowler,* Meyer has been an adviser to Jacqueline Onassis, a trustee of Joseph Kennedy's estate and an economic consultant to President Johnson. He has long been friendly with both Smith and Deming and is particularly close to Lewis, who worked for Lazard Freres for eight years before going to Washington...
Investment bankers can always use men who know their way around Washington. Lazard's newcomers have additional qualifications. Smith, 69, was a commercial aviation pioneer and chairman of American Airlines until his Cabinet appointment last March. He will be particularly valuable to Lazard in working with U.S. airlines. They will require huge amounts of capital to finance their forthcoming jumbo jets and supersonic transports and will spend about $9 billion on new equipment in the next two years alone. Deming, 56, who oversaw international monetary affairs at the Treasury, will probably help on foreign loans and the other international...
Even more reticent than most investment bankers, Meyer declined to say much about his three latest partners, aside from reporting that Smith will be based in Washington while Deming and Lewis will work in Manhattan. As for salary, the Government paid Smith $35,000, Deming $29,500 and Lewis $28,750. Meyer allowed that all will be "much better-paid" in their new jobs-a disclosure that, for him, almost amounted to giving away house secrets...