Word: hamilton
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While White House Aide Hamilton Jordan was huddling with his boss up at Camp David, searching for some answers to the gas crisis, the Washington metropolitan police department last week found Hamilton's own gas-guzzling white Chrysler Cordoba parked near his home in Northwest Washington...
...highly regarded head of the nation's eleventh largest industrial corporation, 53-year-old Lyman Hamilton Jr. had a future that appeared to be bright and secure. Yet the affable, mild-mannered president and chief executive officer of ITT had just returned from a three-week swing through the Pacific last week when, with stunning swiftness, the board fired him. The year's most astonishing management shake-up showed just how little job security there...
...terse two-page press release announced that Hamilton, who last year earned $759,000 in salary and benefits, had "resigned" over "policy differences" and would be succeeded by Executive Vice President Rand Araskog, 47. Company flacks who a few hours earlier had been extolling Hamilton's abilities now found themselves complaining that their former skipper always seemed to be jetting off to the ends of the earth instead of managing the shop in Manhattan...
...fact, Hamilton was ousted after only 18 months because he upset the man who had built ITT into the world's biggest conglomerate, its demanding, autocratic chairman, Harold Geneen, 69. Hamilton's offense? Nothing more than some modest restructuring of the company into five operating divisions, and a bit of judicious pruning of corporate deadwood that had grown up under Geneen...
Carter, along with every other federal employee in Washington, is already used to taking the heat: since April, thermostats in Government buildings have been set at 80° F. Hamilton Jordan found relief by throwing open his White House windows, but millions of office workers who would be affected by the new edict have no such option: most new commercial buildings are steel, aluminum and glass cocoons, hermetically sealed against the weather-and cooling breaths...