Word: chairman
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Dates: during 1980-1989
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Last week the spotlight also fell on M. Danny Wall, picked by the White House in July 1987 to replace Edwin Gray as chairman of the Federal Home Loan Bank Board. Gray, a onetime captive of the savings and loan industry, lost his job when he began to speak out about the extent of the S & L fraud...
...consistently low estimates of the extent of the savings and loan debacle. He is a stolid former city planner from Salt Lake City whose only extravagance seems to be his natty suits and monogrammed shirts. As the top aide to Republican Senator Jake Garn of Utah when Garn was chairman of the Senate Banking Committee, Wall became a favorite of S & L owners. Says Senator Leach of Wall's 1987 appointment: "The industry got to choose outright its regulator...
Wall will defend himself this week before the House Banking Committee. But its chairman, Henry Gonzalez, has already called for his resignation. Last week even George Bush left Wall to twist in the wind: "If part of the savings and loan problem proves to be management or regulation people that aren't aggressive enough, would ((I)) make a change? . . . The answer...
...John E. Frohnmayer, the new chairman of the National Endowment for the Arts, learned something last week about the art of compromise. Earlier, Frohnmayer had announced that he was withdrawing a $10,000 grant to support "Witnesses: Against Our Vanishing," a planned New York City exhibition of artworks inspired by the AIDS crisis. The show was "political rather than artistic in nature," Frohnmayer said. He cited a catalog essay that denounced North Carolina Senator Jesse Helms and California Congressman William Dannemeyer, both vocal opponents of gay rights, and New York's John Cardinal O'Connor...
...authored with Sony Chairman Akio Morita, the book was aimed mainly at Japanese readers. In his chapters, Morita echoes much of what he has said elsewhere about America's slothful business habits and loss of competitiveness. But it is Ishirara's chapters that are the most contentious. He asserts that Japan now holds the technological balance of power in the world. The Americans may own the missiles, for example, but they cannot fly straight without Japanese semiconductors. Japan, Ishihara argues, must use its technological leverage to assume its rightful place in the world. No longer must the country walk...