Word: chairman
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Dates: during 1990-1999
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After a furious lobbying campaign, White was rejected by the full Senate in October on a party-line vote. Bond decided to vote with his fellow Republicans against the judge he had earlier called "a man of the highest integrity and honor," as did presidential candidate and Judiciary chairman Orrin G. Hatch, who had previously called White "a fine...
...what you will about Alan Greenspan - and people have said plenty - the man is never predictable. The Federal Reserve Chairman made headlines again Tuesday, announcing a quarter-point raise in key interest rates. The hike, meant to stave off inflation in these times of hyperbolic growth and spending, caught some analysts off guard. "This raise is a bit unexpected," says TIME financial writer Bernard Baumohl. "There was a lot of uncertainty as to whether the Fed would move, since the economy has been showing signs of slowing down on its own." Example: Key consumer indicators such as retail sales...
...division. Wal-Mart has been accused of being both censor and nanny, condemned as a promoter of demon rum and slave labor, and cited as both a friend and a foe of the environment. "We don't want to be America's moral conscience," says Don Soderquist, senior vice chairman. "The watchword for all of our people is 'Do what is right.' That's what we really preach and teach and we want, but there's so much gray...
Citigroup's specialized private banking division, which has 40,000 clients, each holding more than $3 million in assets, has produced a wealth of headaches in recent years. And this week's migraine could be especially severe for John Reed, Citigroup's co-chairman. He's being hauled before the Senate's Permanent Subcommittee on Investigations to explain the bank's oversight of accounts controlled by a gallery of international reprobates and dictators. All kept tidy sums in Citi vaults; some of it was rightfully theirs...
...side. While journalists quaked, business types argued that it was a needed dose of cold realism for a paper whose profits had dropped and daily circulation had slipped from a peak of 1.24 million in 1991 to 1.1 million. Since Willes gave up the publisher's job to become chairman of Times Mirror Co. earlier this year, circulation remains stalled, but operating profits grew by double digits in the third quarter. While admitting a mistake on the Staples relationship, Willes backed Downing and defended his own efforts to "make sure the paper stays strong and vital...