Word: utah-born
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...twelve regional bank presidents. He is also the most independent and outspoken. As chief of the Federal Reserve Bank of Minneapolis, which oversees the North Central states, Willes has frequently been at odds with the other Fed regional presidents and the Fed's former chairman G. William Miller. A Utah-born Mormon who attended Columbia University, Willes argues that forecasts about the impact of new economic policies are so imprecise that the Fed should resist trying to make constant short-term adjustments by changing the money supply. Instead he advocates a new hands-off approach known as the theory...
...loans, and stresses "family banking." Continental's Benzedrine was administered by Chairman David M. Kennedy, 58, who came to the bank as a bond officer in 1946, after 16 years as debt manager and economist with the Federal Reserve, and became Continental's chief executive in 1959. Utah-born Kennedy has strongly pushed Continental into family banking for greater profits but also because as a Mormon he believes that "the strength of our country is in the family and the home, and that's where the emphasis should be." He has equally strong convictions about Chicago...
Died. Culbert Levy Olson, 85, ex-Governor of California and the first Democrat to hold the post since 1894, a wealthy Utah-born New Dealer whose first official act after his election in 1938 was to pardon Labor Organizer Tom Mooney from life imprisonment for the bombing of a 1916 San Francisco Preparedness Day parade, and who was beaten in a re-election bid by his own Republican attorney general. Earl Warren; of pneumonia; in Los Angeles...
Known at Yale as "O.K.," Utah-born Sociologist Moore, 40, launched his experiment as a result of recent ferment among behavioral scientists, who no longer see man and beast as motivated mainly by the "primary" drives of hunger, thirst and sex. Another major motivation, the scientists now argue, is a "competence" drive-the appetite to master complex relationships that is the apparent basis of problem solving. Moore's special interest is the problem in which the seeker has . no rules or fixed goals to guide him. Most notable example: the mystery of how children learn to speak their...
...Smith Bickmore, 51, sales expert of the National Biscuit Co., was named Nabisco president. Utah-born and educated, Bickmore joined Nabisco in 1933, was a salesman from 1935-40, in 1950 became vice president in charge of sales and advertising. He succeeds George Henry Coppers, 57, who moves up to chair man of the board, will remain Nabisco's chief executive officer...