Word: mcdonaldization
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When the five Securities & Exchange Commissioners picked a chairman last week, they surprised and cheered Wall Street. Their choice: Harry A. McDonald, 55, the first Republican boss of SEC since it was set up in 1934. SEC's three Democratic commissioners voted for McDonald to succeed Edmond Hanrahan, who resigned as SEC chairman last month (TIME, Oct. 24). Although the White House was mum, President Truman apparently approved also...
...SECommissioner since 1947, burly, good-natured Harry McDonald has plugged hard & long for a wider understanding of the securities markets by the public, has a wide understanding himself. He worked his way through the University of Chicago, but after two years in law school, dropped out in favor of selling-first ice cream, then securities. Later, he started Detroit's H. A. McDonald Creamery Co., built it into one of Michigan's biggest dairies. He branched out into investment banking, became a partner in Detroit's McDonald-Moore & Co. (a connection he severed when he joined...
University department representatives on the new Fulbright Committee are: Wallace McDonald '44, assistant dean of the College; Reginald H. Phelps '30, secretary of the Graduate School of Arts and Sciences; Louis A. Toepfer LLB. '43, assistant dean of the Law School: James S. Lipscomb M.B.A. '48, assistant dean at the Business School; Reginald Fitz '06, assistant dean at the Medical School; Charles R. Cherington '35, secretary of the School of Public Administration; and Judson T. Shaplin '44, registrar of the School of Education...
...McDonald spoke at the Lamont Forum Room meeting following Mason Hammond '25, Professor of History, who talked on Rhodes Scholarship opportunities and requirements, and Dean Bender, who presented information on Henry Fellowships and special awards for Harvard graduates...
...Fulbright scholarships, which are being given for the second year, provide "adequate' stipend for one year of study in a foreign country. Students who will have a bachelors degree by June are eligible and should see McDonald...