Word: citicorp
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Dates: during 1980-1980
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...choice came at the eleventh hour, after former Treasury Secretary William Simon and Citicorp Chairman Walter Wriston had been counted out. Some members of Reagan's transition team were surprised and soured by the decision. They felt that the post should have gone to former Treasury Undersecretary Charls Walker or Reagan Economic Adviser Alan Greenspan. The selection of Regan, 61, seems to have been the handiwork of Reagan's campaign chairman, CIA Director-designate William Casey, who got to know the Merrill Lynch chief when Casey was chairman of the Securities and Exchange Commission in the early 1970s...
...private bank loans. Thus far, however, they have shown no inclination to bail out the Poles. A Polish default on foreign loans might give Moscow an excuse to tighten its hold on the economy or, at worst, grab direct power in Warsaw. don't go bankrupt," as Citicorp Chairman Walter Wriston once said. But they can delay or, as in the case of Iran, freeze payment on foreign debts, even though such moves endanger the profitability and, eventually, the stability of financial institutions. With debts of all borrowing countries to foreign banks now totaling $600 billion, the Polish crisis...
...REAL STAR of the show is the set, created by Derek McLane, Mammoth flowers open with a resounding pop, like umbrellas--not flowers so much as an urban person's idea of a flower, the sort of thing you might find decorating the Citicorp lobby, or around Lincoln Center's glass and steel and concrete. The center of the stage is a huge black reflecting pool, a tar pit to trap Narcissus; around it is a path of Harvard Square brick, and around that a "lawn" of torn Hefty bags. Everything is unhealthy and artificial, beautiful...
...Business Day was more predictable. Nader denounced U.S. corporations as "legal Frankensteins" that usurp human rights; a local labor leader declared a union war on business. In the National Visitor Center Gallery at Union Station, a "Corporate Hall of Shame" was erected for eleven companies, including Exxon, Citicorp and Du Pont...
...sure that I didn't take more from the system than I was putting back." There is Shapiro's friend Reg Jones, a British-born intellectual, who has been similarly motivated to repay the society in which he climbed to become chairman of General Electric. And Citicorp's Walter Wriston, imbued with public commitment by his father, a university president who was also a high Government adviser. And A T & T's former Chairman John deButts, the courtly North Carolinian, who cherishes the Southern tradition of public service. And many more...