Word: mcdonaldization
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...Donald Cook joined the SEC as a lowly financial examiner in 1935, he "wanted some day to be a commissioner and if the fates were kind . . . chairman." Last week the fates, in the form of Harry Truman, were kind. The President named Cook SEC Chairman to succeed Harry A. McDonald, who took over as RFC boss. Cook is a tough-talking, fast-moving bureaucrat with a sharp legal and financial mind and the desire to "get up some of the old fizz and vinegar that...
After President Truman nominated Harry A. McDonald, a Republican, to succeed W. Stuart Symington as RFC boss, the Senate banking committee refused to approve him. Reason: a House committee was investigating the Securities & Exchange Commission, which McDonald has headed since 1949. Senators were also worried about reports that three SEC officials, who had resigned, had later turned up as counsel in cases before...
Last week the President angrily said that if McDonald were not approved, he would not appoint anyone else; he would run the RFC himself. Thus prodded, the House committee quickly finished its probe. At week's end, as Symington resigned his post, the committee cleared McDonald. There was no credible evidence, it said, "reflecting adversely upon [his] honesty and integrity." With that out of the way, it looked as if the Senate committee would approve McDonald this week...
America's Town Meeting (Sun. 6:30 p.m., ABC). "Should the U.S. Support the British in Egypt?" Pro: Ex-Ambassador to Israel James G. McDonald. Con: Egypt's Kamel Selim...
This week, Harry Truman formally accepted Symington's resignation and named his successor: Harry A. McDonald, chairman of the Securities & Exchange Commission, former Detroit investment banker, a Republican...